This report was recently updated on April 12 2024 with the latest and most recent
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Global Propyl Gallate Market Size, Trends & Analysis- Forecasts to 2026 By Type (Food Grade, Pharmaceutical Grade, Feed Grade), By End-User (Food Industry, Cosmetics, Animal Feed, Adhesive Industry, Others), By Region (North America, Europe, Asia Pacific, and Rest of the World); Vendor Landscape, End-User Landscape, and Company Market Share Analysis & Competitor Analysis
Propyl Gallate Market Insights
The global propyl gallate market is projected to grow at a high CAGR% during the forecast period. Rapid growth of the food & beverage and pharmaceutical industry is the key factor driving the growth of the market. The propyl gallate is an ester formed by the condensation of gallic acid and propanol. It is an antioxidant that protects against oxidation by hydrogen peroxide and oxygen-free radicals. Propyl gallate is used as an additive in transforming oil, lubricating oil, edible oils, fats, baked food products, and other products. Growing population and changing lifestyles, rising disposable income, and increasing consumption of packaged foods are some of the major factors expected to propel the market growth during the forecast period. Rising demand for cosmetics & personal care products and effective lubricants & adhesives are also driving the growth of the propyl gallate market. However, the rising demand for bio-based antioxidants and the availability of alternative solutions is expected to hamper the growth of the market.
Propyl Gallate Market: By Type
On the basis of type, the propyl gallate market is segmented into food grade, pharmaceutical grade, and feed grade. The food grade segment is expected to be the fastest growing segment during the forecast period. The increasing adoption of the propyl gallate product in the food products is driving the market for food grade segment. Propyl gallate is used as an additive in edible oils, fats, baked food products, milk powder, candies, and other food products. Furthermore, rapid growth in the food & beverage industry is also expected to fuel the growth of the segment in the propyl gallate market.
Propyl Gallate Market: By End-User
On the basis of end-user, the propyl gallate market is segmented into the food industry, cosmetics, animal feed, and adhesive industry among others. The food industry segment is anticipated to hold the largest share during the forecast period. The cosmetics segment is also expected to witness significant growth during the forecast period. The rising demand for cosmetics & personal care products, and growing youth attention towards grooming, better self-presentation, and self-hygiene & styling for better looks are driving the market growth for propyl gallate.
Propyl Gallate Market: By Region
On the basis of region, the propyl gallate market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East Africa. The Asia Pacific region is estimated to dominate the propyl gallate market during the forecast period. The rising urban population, rising disposable income, and growing self-concern & personal health consciousness, amongst the people are propelling the market growth in the region. North America and Europe are also expected to witness considerable growth attributing to the high consumption of cosmetics & personal care products, and packaged food products.
Propyl Gallate Market Share & Competitor Analysis
The report contains a chapter dedicated to vendors operating in the propyl gallate market. They have adopted various growth strategies such as new product launches, joint ventures, partnerships, and acquisitions to maintain a leading position in the market. The key players operating in the global propyl gallate market include Microherb, Gallochem co., Ltd., Xiangxigaoyuan, Hunan Linong Technology Co., Ltd., Leshan Sanjiang Bio-tech Co., Tianxin Medical & Chemical, Kemin Industries, Inc., Impextraco NV, and Chicheng Biotech.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Propyl Gallate Market Report
Propyl Gallate Market: By Type
Propyl Gallate Market: By End-User
Propyl Gallate Market: By Region
The global Propyl Gallate Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Propyl Gallate Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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