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.
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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 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
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:
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