Trihydroxy-Butyrophenone (THBP) for Feed Market Industry Trends and Forecast to 2029
Global Trihydroxy-Butyrophenone (THBP) for Feed Market, By Type (Natural and Synthetic), Form (Dry and Liquid), and Application (Food & Feed Additives, Pharmaceuticals & Personal Care Products, Fuel & Lubricant Additives, Plastic; Rubber;& Latex Additives, and Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Trihydroxy-butyrophenone is antioxidant which is usually used in many applications. Feed antioxidants are substances used in animal feeds to extend feed shelf life by preventing undesirable oxidation in finished feeds and animal guts. Feed antioxidants are known to preserve the nutritional and energy value of the feed while also preventing fat rancidification.
Data Bridge Market Research analyses that the trihydroxy-butyrophenone (THBP) for feed market which was valued at 2.4 billion in 2021 and is expected to reach the value of USD 5.14 billion by 2029, at a CAGR of 10.0% during the forecast period of 2022 to 2029.
Market Definition
Trihydroxy-butyrophenone is a type of organic compound known as an alkyl-phenylketone. These are aromatic compounds that contain a ketone and one alkyl group substituted by a phenyl group. It is used as an antioxidant in polyolefins, paraffin waxes, vegetable oils, and animal fats; as a food additive; and as a chemical preservative in animal feeds.
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