Propyl Gallate Market is expected to rise with a single digit growth rate of 7.9% in the forecast period.
The significant growth of the food and beverage market is linked with the increasing concern of people towards their health. In order to add nutrients to foods, a large number of people have started the use of food additive. One such food additive that is used widely today is propyl gallate. A propyl gallate is an ester. It is formed by condensation of two compounds known as gallic acid and propanol. The propyl gallate is added as an additive to foods that contain oils and fats. The propyl gallate is used to prevent oxidation from peroxide and oxygen free radicals in food, thus, it can be termed as an oxidant. The compound is soluble in many compounds such as ethyl ether, ethanol, and some aqueous solution. The propyl gallate is also used as an oxidant in more than hundred cosmetic products.
Vendors in the propyl gallate market are focusing on adding new nutrients to propyl gallate. They are also focusing on marketing and promotion of the product and its application. Changing behavior around food and nutrition issues is one of the key trends in the propyl gallate market.
Propyl Gallate Market: Drivers and Restraints
The propyl gallate is widely used as a triplet state quencher. The propyl gallate also finds application in fluorescence microscopy as an anti-fade reagent since it helps in reducing photobleaching of fluorescent probes. It also finds application in cosmetics, lubricants, and adhesives. Such factors are driving the adoption propyl gallate thereby propelling market growth. Factors such as the expansion of the convenience and processed food industry in various less developed countries across the globe and expansion of the convenience and processed food industry in various less developed countries are factors promoting the adoption of propyl gallate market thereby driving its market growth.
The approval of any food additive from U.S. food and drug administration is challenging in the propyl gallate market. Factors such as stringent regulations and concerns for genetically modified food are hampering the growth of propyl gallate in the market. Less preference for food additives by consumers due to various side effects and low consumer preference for food products with food additives; in Europe for instance, 80% of consumers prefer foods that are free from artificial additives are hampering the growth of propyl gallate in the market.
Propyl Gallate Market: Segmentation
The Propyl Gallate market can be categorized on the basis of the type and end-use. On the basis of the type in the Propyl Gallate market, food grade is expected to gain momentum in the forecast period due to increasing adoption of the product in the segment. On the basis of end-use, the food segment has a high share in the market and is expected to proliferate in forecast period due to increasing use of propyl gallate as an antioxidant in fats, oils and much other fats containing products.
Propyl Gallate market can be segmented on the basis of type:
- Food Grade
- Pharmaceutical Grade
- Feed Grade
Propyl Gallate market can be segmented on the basis of end-use:
Propyl Gallate Market: Competitive Landscape
Examples of some of the key players operating in the Propyl Gallate market are Microherb, Leshan Sanjiang Bio-tech Co., Ltd., Gallochem co., Ltd., Hunan Linong Technology Co., Ltd., Tianxin Medical&Chemical, Microherb, Chicheng Biotech, and Xiangxigaoyuan.
The Propyl Gallate market is segmented across North America, Latin America, Western Europe, Eastern Europe, China, SEA and others of APAC, Japan and Middle East & Africa. Asia Pacific is expected to be a large market for Propyl Gallate as a majority of the Propyl Gallate vendors such as Leshan Sanjiang Biotech Co., Ltd., Hunan Linong Technology Co., Ltd. and Tianxin Medical&Chemical Industry Co. Ltd. are based in the region. Increasing concern about health concerns and growing awareness in the North America region is driving the adoption of Propyl Gallate. The growing popularity of Propyl Gallate in developing regions, such as APEJ, Latin America and parts of Africa, is characterized by the increasing awareness amongst people about the benefits of Propyl Gallate. Rising disposable income among people in the countries mentioned above is likely to increase the scope of penetration of Propyl Gallate in these regions in the near future.
The research report presents a comprehensive assessment of the Propyl Gallate market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Propyl Gallate market report provides analysis and information, according to market segments such as geographies, application and industry.
The Propyl Gallate Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Propyl Gallate Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS & Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East & Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The Propyl Gallate report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Propyl Gallate report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Propyl Gallate report also maps the qualitative impact of various market factors on market segments and geographies.
The Propyl Gallate Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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