Propyl Gallate Market - By Applications (Food Industry, Cosmetics and Personal Care, Pharmaceuticals, Industrial Applications), By Grade Type (Food Grade, Pharmaceutical Grade, Industrial Grade) & Forecast, 2023 – 2032

Propyl Gallate Market Size

Propyl Gallate Market size was valued at around USD 304 million in 2022 and is estimated to register a CAGR of over 6.8% between 2023 and 2032. The demand for propyl gallate, a widely utilized food additive and antioxidant, is experiencing substantial growth, primarily propelled by the burgeoning food & beverage industry.
 

As the consumption of processed & packaged foods continues to rise globally, there is an increasing need for ingredients such as propyl gallate to enhance product shelf life and maintain food quality. Its effectiveness as an antioxidant makes it a valuable component in preserving the freshness and stability of various food items, meeting the preferences of modern consumers for convenient & longer-lasting food options.
 

The restrains in the Propyl Gallate market involve potential health issues, regulatory constraints as a result of antioxidant characteristics, growing need for natural replacements, and rivalry from substitute antioxidants that adversely affect market progress and adoption.
 

COVID-19 Impact

The COVID-19 pandemic disrupted the Propyl Gallate industry, causing a temporary decline in demand due to supply chain disruptions and reduced industrial activities. However, increasing awareness of its antioxidant properties for food preservation may lead to a rebound in demand post-pandemic.
 

Propyl Gallate Market Trends

The global market for propyl gallate as an antioxidant in food, cosmetics and pharmaceuticals is exhibiting an upward trend. Demand is being driven by growing consumer awareness of health and wellness. Nevertheless, there can be interference from regulatory control measures and preferences towards other natural products in the market. Future of the market will be shaped by sustainable sourcing and technological advancements.
 

Propyl Gallate Market Analysis

Based on application, the propyl gallate market is segmented as food industry, cosmetics and personal care, pharmaceuticals, industrial applications, chemical manufacturing. Food Industry held a majority market value of USD 162.6 million in 2022. Food industry, cosmetics, personal care, and pharmaceuticals lead in propyl gallate demand, driven by its antioxidant properties. Industrial applications and chemical manufacturing segments also show growth, emphasizing its versatile utility in various sectors and its importance in product preservation and quality.
 

Based on Grade, the propyl gallate market is segmented as food grade, pharmaceutical grade, industrial grade. Food Grade held a dominant market share of around 53% in 2022 and is expected to grow at a lucrative pace till 2032. The food grade segment is dominating due to its widespread usage as a food preservative and antioxidant. Additionally, the Pharmaceutical Grade segment is growing steadily, driven by increased pharmaceutical applications. The Industrial Grade segment holds a smaller share and is relatively stable in growth.
 

U.S. dominated the North American region with majority market share and a revenue of USD 63.9 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. The United States holds a dominant position in the North American Propyl Gallate market. With a leading position in the world market, the US is not only a great consumer but also a significant producer of propyl gallate. There has been an increasing need for it in the country’s rapidly expanding food and pharmaceutical industries which are bolstered by substantial R&D abilities as well as flourishing food processing industry.
 

Propyl Gallate Market Share

• Some of the major market players operating in the propyl gallate market are :
• Wufeng Chicheng Biotech Co., Ltd
•  REXLER
• Thermo Fisher Scientific Inc.
• Tokyo Chemical Industry Co., Ltd. (TCI)
• Leshan Sanjiang Bio-Tech Co., Ltd
• MP Biomedicals,
• Haihang Industry Co., Ltd.
• Veeprho Group
• Kemin Industries, Inc.
• Ambeed, Inc.
• Minakem SAS
• Spectrum Chemical Mfg. Corp.
• Loba Chemie Pvt. Ltd.
• Biosynth Carbosynth, S
• igma-Aldrich

 These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Propyl Gallate market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Tons from 2018 to 2032, for the following segments:

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By Application

• Food Industry 
• Antioxidant in Edible Oils
• Food Preservative
• Bakery and Confectionery
• Meat and Poultry Products
• Beverages
• Others
• Cosmetics and Personal Care 
• Skincare Products
• Haircare Products
• Makeup and Color Cosmetics
• Toiletries
• Fragrances
• Others
• Pharmaceuticals 
• Drug Formulations
• Nutraceuticals
• Dietary Supplements
• Others
• Industrial Applications 
• Lubricants and Greases
• Plastics and Polymers
• Rubber Industry
• Adhesives and Sealants
• Other Industrial Uses
• Chemical Manufacturing 
• Agrochemicals
• Electronics Industry
• Others

By Grade

• Food Grade
• Pharmaceutical Grade
• Industrial Grade

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE