What is Brominated Vegetable Oil Market?
Brominated vegetable oil is defined as the mixture of plant-derived triglycerides that is produced by including bromine in vegetable oil through the double bonds of certain fatty acids. During the dispersion process, it is mainly used to emulsify seasoned citrus beverages by keeping them from the part. It is found in about 10% of soft drinks and has similar properties to the other halides such as iodine. It actually competes with it for absorption into the body. The more bromine the user gets in the body, the less iodine gets.
The market study is being classified by Type (Beverages, Sports Drinks, Sodas, Others, Bakery Products, Pesticides and Flame retardant) and major geographies with country level break-up.
Penta Manufacturing Company (United States), Parchem Fine & Specialty Chemicals (United States) and Spectrum Chemical Manufacturing Corp. (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Brominated Vegetable Oil market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Brominated Vegetable Oil market by Type, Application and Region.
On the basis of geography, the market of Brominated Vegetable Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Usage of BVO in Various Application
- Rising Demand from Sports Drinks Sector
Market Trend
- Technology Advancement regarding Electric Skateboard
Restraints
- Stringent Rules as Regulation in Various Countries
- A problem regarding Long-Term Exposure can cause Neurologic Symptoms such as Headache as well as Memory Loss
Opportunities
- Growing Demand from Emerging Market such as China and India
Challenges
- Issue related to Side Effect of BVO Such as Irritate the Skin and Mucous Membranes
The government has taken steps regarding banned of brominated vegetable oil. For instance, in the European Union, brominated Vegetable Oil is banned from use as a food additive. In addition, beverage companies commonly use glycerol ester of wood rosin as a substitute to brominated vegetable oil. Hence, it may act as a restraint for market growth.
Key Target Audience
Manufacturers of Brominated Vegetable Oil, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others