Product Code: ETC106547 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Indonesia Butyric Acid market currently, in 2023, has witnessed an HHI of 5248, Which has increased moderately as compared to the HHI of 2406 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Butyric acid is a short-chain fatty acid, which is mainly found in animal and plant fats. It has a slightly unpleasant smell and taste, similar to rancid butter. Butyric acid forms an important part of the human diet as it helps maintain healthy metabolism and digestion. In Indonesia, butyric acid is mainly used as an additive in feed for poultry and livestock production, as well as food processing applications such as cheese manufacturing. The Indonesia butyric acid market was valued at USD XX million in 2019 and is estimated to grow at a CAGR of XX% during 2020-2025.
The rising demand from the feed industry has been driving the growth of butyric acid markets globally over recent years. This trend continues in Indonesia where there have been significant investments into poultry farming infrastructure leading to increased demand for additives such as butyric acids for better quality feeds produced locally. Additionally, with growing awareness regarding health benefits associated with consumption of natural products like butterfat containing Butyrate rich additives are increasing its application scope further fuelling growth prospects for this market during forecast period 2020- 2025.
Growing investment in poultry farming coupled with government regulations promoting local production are key factors driving demand for Butyric Acid across Indonesia region. Moreover development of alternative sources such as bio based processes being employed by top manufacturers operating within this country further provides sufficient impetus towards boosting sales volume generated from Butyrate rich ingredients present across various industries operating here including Pharmaceuticals ,Food & Beverages etc. Rising consumer preference towards functional foods along with increasing disposable income level amongst population residing here likely provide lucrative opportunities worth exploring.
The impact of COVID-19 pandemic on the Indonesia butyric acid market has been significant. Since March 2020, when the lockdown was imposed in major cities across the country, demand for butyric acid has fallen substantially due to reduced activity in industries such as food and beverage production, healthcare and personal care products, paper manufacturing etc. The disruption in supply chain activities has further exacerbated this situation resulting in a decrease of sales volume by 15%-20%.
Some of the main challenges faced by the Indonesia butyric acid market include high prices due to lack of enough raw materials from global suppliers and low availability of quality grade butyric acid produced domestically. Additionally, increasing environmental concerns have made it difficult for manufacturers to find cost effective ways to produce ethically sourced butyrate acids. Furthermore, stringent government regulations regarding hazardous waste management are also hindering growth prospects for national producers.
Some of the leading players operating in Indonesia butyrate acids industry include PT BIOLLA DUTA CHEMICALS INDONESIA (BDCI), PT KIMPO INTERNATIONAL Tbk., Nila Agrochemicals Ltd., ACE Chemical Industries Sdn Bhd., Jaya Petrochemicals Pvt Ltd., Indo Acids Pte Ltd., United Biopolymers Pvt Ltd., Yashoda Oil & Fat Refineries Private Limited and ICD International Corporation Sdn Bhd among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Butyric Acid Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Butyric Acid Market Revenues & Volume, 2020 & 2027F |
3.3 Indonesia Butyric Acid Market - Industry Life Cycle |
3.4 Indonesia Butyric Acid Market - Porter's Five Forces |
3.5 Indonesia Butyric Acid Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.6 Indonesia Butyric Acid Market Revenues & Volume Share, By Derivatives, 2020 & 2027F |
3.7 Indonesia Butyric Acid Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Indonesia Butyric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Butyric Acid Market Trends |
6 Indonesia Butyric Acid Market, By Types |
6.1 Indonesia Butyric Acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Butyric Acid Market Revenues & Volume, By Type, 2018 - 2027F |
6.1.3 Indonesia Butyric Acid Market Revenues & Volume, By Natural Butyric Acid, 2018 - 2027F |
6.1.4 Indonesia Butyric Acid Market Revenues & Volume, By Synthetic Butyric Acid, 2018 - 2027F |
6.2 Indonesia Butyric Acid Market, By Derivatives |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Butyric Acid Market Revenues & Volume, By Sodium Butyrate, 2018 - 2027F |
6.2.3 Indonesia Butyric Acid Market Revenues & Volume, By Calcium Butyrate, 2018 - 2027F |
6.2.4 Indonesia Butyric Acid Market Revenues & Volume, By Others, 2018 - 2027F |
6.3 Indonesia Butyric Acid Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Butyric Acid Market Revenues & Volume, By Animal Feed, 2018 - 2027F |
6.3.3 Indonesia Butyric Acid Market Revenues & Volume, By Chemical Intermediate, 2018 - 2027F |
6.3.4 Indonesia Butyric Acid Market Revenues & Volume, By Food and Flavours, 2018 - 2027F |
6.3.5 Indonesia Butyric Acid Market Revenues & Volume, By Pharmaceuticals, 2018 - 2027F |
6.3.6 Indonesia Butyric Acid Market Revenues & Volume, By Perfumes, 2018 - 2027F |
6.3.7 Indonesia Butyric Acid Market Revenues & Volume, By Inks, 2018 - 2027F |
6.3.8 Indonesia Butyric Acid Market Revenues & Volume, By Others, 2018 - 2027F |
6.3.9 Indonesia Butyric Acid Market Revenues & Volume, By Others, 2018 - 2027F |
7 Indonesia Butyric Acid Market Import-Export Trade Statistics |
7.1 Indonesia Butyric Acid Market Export to Major Countries |
7.2 Indonesia Butyric Acid Market Imports from Major Countries |
8 Indonesia Butyric Acid Market Key Performance Indicators |
9 Indonesia Butyric Acid Market - Opportunity Assessment |
9.1 Indonesia Butyric Acid Market Opportunity Assessment, By Type, 2020 & 2027F |
9.2 Indonesia Butyric Acid Market Opportunity Assessment, By Derivatives, 2020 & 2027F |
9.3 Indonesia Butyric Acid Market Opportunity Assessment, By Application, 2020 & 2027F |
10 Indonesia Butyric Acid Market - Competitive Landscape |
10.1 Indonesia Butyric Acid Market Revenue Share, By Companies, 2020 |
10.2 Indonesia Butyric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |