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Propyl Gallate Market Trends

Report ID: GMI6883
Published Date: Oct 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for propyl gallate was USD 304 million in 2022 and is estimated to reach USD 580.8 million by the end of 2032 due to rising utilization of several ingredients to enhance product shelf life and maintain food quality

The food application segment in the propyl gallate market reached USD 162.6 million in 2022 driven by the growing need for antioxidant properties

The food grade segment held around 53% share of the propyl gallate market in 2022 and is expected to grow at lucrative pace by 2032 owing to widespread usage as food preservative and antioxidant

U.S. market size for propyl gallate reached USD 63.9 million in revenue in 2022 and is anticipated to expand at significant pace from 2023-2032 driven by the rapidly expanding food and pharmaceutical industries in the region