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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

 

Propyl Gallate Market

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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.

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

Propyl Gallate Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 124
  • Countries covered: 19
  • Pages: 150
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