Global Propyl Gallate Market Overview:
Propyl Gallate refers to the ester created by the condensation of gallic acid and propanol. Since the 20th century, this ester has been added to foods containing oils and fats as an antioxidant to prevent oxidation. Propyl Gallate protects food from oxidation caused by hydrogen peroxide and oxygen-free radicals. It's also used in toothpaste, shaving items, and other beauty products as an antioxidant. Propyl gallate is used in lubricating oil, transforming oil, pressure-sensitive adhesives, and special rubbers, among other applications. Propyl gallate is also used in cooking oils, fats, baked goods, mayonnaise, meat and beef products, milk powder, and candies as an ingredient. Some of the players profiled in the study are Merck & Co. Inc (United States), Thermo Fisher Scientific (United States), Impextraco NV (Belgium), Kemin Industries (United States), Wufeng Chicheng Biotech Co.,Ltd. (China), Leshan Sanjiang Biotech Co., Ltd. (China), Haihang Industry Co., Ltd. (China), Gallochem Co., Ltd (China), Zhushan County Tianxin Medical & Chemical Industry Co., Ltd. (China) and Xiangxi Gaoyuan Biotechnology Co. (China).
On the basis of geography, the market of Propyl Gallate 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). If we see Market by Industry Verticals, the sub-segment i.e. Food Industry will boost the Propyl Gallate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Propyl Gallate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Consumption of Propyl Gallate As A Food Ingredient
- Growing Demand of Propyl Gallate In Personal Care Products
Influencing Trend
- Increasing Research on Application of Propyl Gallate
Restraints
- Availability of Alternatives to Propyl Gallate
Opportunities
- Growing Consumption of Packaged Food Will Increase the Demand of Propyl Gallate
- Increasing Consumption of Propyl Gallate From Developing Countries
Challenges
- According to Some Studies Propyl Gallate May Cause Cancer
- Propyl Gallate May Have Side Effects in Some Individuals
According to FDA “The ingredient is used in food at levels not to exceed good manufacturing practice in accordance with § 184.1(b)(1). Good manufacturing practice results in a maximum total content of antioxidants of 0.02 percent of the fat or oil content, including the essential (volatile) oil content, of the food.”
Most of the manufacturers in this market belong to the United States or China due to their greater manufacturing capacity. Cost-effectiveness is the key to survive in this market. As the companies in the market are suppliers to the other business; signing long-term contracts with them could be a good strategy in this market.
Target Audience:
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Propyl Gallate Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Propyl Gallate market on the basis of product [Pharmaceutical Grade, Food Grade, Feed Grade, Technical Grade and Other] , application [Antioxidant, Lubricant, Adhesive and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Propyl Gallate market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Propyl Gallate industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Propyl Gallate market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.