Global Propyl Gallate Market Expected to Grow at a CAGR of 5.6% During 2021-2026, Driven by the Rising Demand for Packaged Products

The market growth of propyl gallate is driven by the rising consumption of packaged food in the forthcoming period. The market is further aided by the rising disposable income across the globe. Moreover, the rising focus of the youth towards grooming, better self-presentation, and self-hygiene and styling for better looks has led to an increasing demand for cosmetics and personal care products, consequently enhancing the market growth of propyl gallate. Amazon.com, Inc. (NASDAQ: AMZN), an e-commerce site, is a platform which offers various grooming products at occasional discounts and offers. The rising penetration of the company is aiding the growth of the propyl gallate industry.

The market is propelled by the rising demand for effective lubricants and adhesives from several industrial applications. It is used as an additive in transforming oil, pressure-sensitive adhesives, lubricating oil, and special rubbers, among others. The growing demand for the product from the food industry to be used as an additive in edible oils, baked food products, fats, milk powder, mayonnaise, meat and meat products, and candies, is propelling the market growth of propyl gallate. Propyl gallate, in conjunction with ascorbic palmitate and citric acid, shows high functionality as an antioxidant utilised in the food and feed industry. All these factors are leading to an upsurge in the market growth of propyl gallate.

Market Analysis by Function, End Use, and Region:

• The propyl gallate industry, on the basis of function, is divided into antioxidant, anti-quenching agents, adhesives, lubricating agents, and additives, among others.
• By end use, the industry is divided into pharmaceuticals, food and beverage, animal feed, cosmetics and personal care, and oil and gas, among others.
• Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global industry for propyl gallate is being driven by the flourishing food and beverage industry and the pharmaceutical industry.
• The market is being aided by the rising population and changing lifestyles, which are reflecting a change in the food preferences and eating habits.
• The market is being further propelled by the changing demographics, along with the rising urban population, which has led to an increase in the consumption of packaged food products.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for propyl gallate for the periods (2016-2020) and (2021-2026).
• The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the functions, end uses, and major regions of propyl gallate. 
• It gives an in-depth look at the regional price trends in the global market for propyl gallate.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Impextraco NV, Leshan Sanjiang Bio-tech Co., Ltd., Rexler, and Gallochem Co., Ltd., among others, are the key players in the global propyl gallate market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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