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Propyl Gallate Market Size
- Report ID: GMI6883
- Published Date: Oct 2023
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Propyl Gallate Market Size in 2022: | USD 304 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.8% |
| 2032 Value Projection: | USD 580.8 Million |
| Historical Data for: | 2018 to 2032 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 124 |
| Segments covered: | Application, Grade, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
Frequently Asked Questions (FAQ) :
Propyl Gallate Market Scope
