Global Propyl Gallate Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 5.8 % through 2020 to 2026, reaching nearly US$ XX Bn.
Global Propyl Gallate Market Overview:

Propyl Gallate is an odorless, creamy white crystalline powder with a slightly bitter taste. Found Naturally in Corn seeds, Propyl Gallate holds highly soluble properties. Due to its wide level application in the Food & Beverages Industry and low toxicity level, the US Food and Drugs regulatory authorities have included Propyl Gallate in the category of same to consume food additives. Propyl Gallate holds medicinal properties that are used in producing drugs for Congestive heart disease and digestion and excretion-related issues.

Propyl Gallate is used on a large scale in manufacturing cosmetics and personal care products. An increase in the consumption of therapeutic drugs and rising demand for safe food additives has increased the demand for Propyl Gallate. The ever-rising population, lack of toxic and carcinogenic elements, and wide-scale application in the industrial sector have resulted in the growth in the Global Propyl Gallate Market.
Global Propyl Gallate Market Dynamics:

A report published in the US National Library of Medicine states that Propyl Gallate holds medicinal properties that result in death for cancer cells. Propyl Gallate is used for manufacturing medicines on digestion and excretion-related issues. This discovery has opened doors for a wide level of consumption of Propyl Gallate by the Pharmaceuticals Industry. An increase in the number of people suffering from cancer is the major driving factor for the increased use of Propyl Gallate.

Cosmetics Ingredient Review Expert Panel set the concentration limit of 0.1% for Propyl Gallate to be used in manufacturing cosmetics and personal care products. This approval from a renowned agency gave a green signal for the consumption of Propyl Gallate by the global cosmetics industry. An increase in demand for anti-oxidants to improve the shelf life of cosmetics has resulted in increased use of Propyl Gallate by the Cosmetics Industry.
A report published in the EFSA Journal states that Propyl Gallate is harmless to the environment and consists of anti-oxidant properties that can be used in manufacturing food additives for poultry animals, pigs, and rabbits. This has resulted in increased use of Propyl Gallate in manufacturing poultry food products.

An increase in demand for additives having anti-oxidant properties is driving the demand for Propyl Gallate.
Restraints:

Propyl Gallate holds ban as an additive in infant food products in UK and Japan. This has created a negative image in people’s perception of the safety of Propyl Gallate.

Few scientists believe that Propyl Gallate holds properties that interfere with human hormones. This acts as a major restraining factor for the growth of the Global Propyl Gallate Market.
Global Propyl Gallate Market Segment Analysis:

The Global Propyl Gallate Market is segmented on the basis of

By Grade, It is observed that more than 25% of the Propyl Gallate manufactured is in food grade. An increase in demand for edible oil and baked food products has resulted in an increase of 2.1% in demand for Propyl Gallate by the organized food & beverages industry. An increase in demand for drugs on digestion issues has resulted in a 3% increase in demand for Propyl Gallate in medicinal grade. Demand for Feed Grade Propyl Gallate has increased by 2.3% in the region of Europe and the US.

By End User, It is observed that more than 20% of the Propyl Gallate manufactured is consumed by the Food & Beverages Industry. Different Industries like Cosmetics, Pharmaceutical, and Animal Husbandry have increased their consumption of Propyl Gallate by 1.9% in the region of Asia-Pacific. By Revenue, the Cosmetics and Pharmaceuticals Industry contribute to more than 20% of the total revenue generated by the Global Propyl Gallate Market. The Adhesive Industry uses Propyl Gallate in manufacturing pressure-sensitive adhesives and has observed a 1.4% increase in demand for them.

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Propyl Gallate is used on a large scale as a food additive mixed for human and animal consumption. It is observed that the Food & Beverages and Animal Husbandry Industry are the biggest consumers of Propyl Gallate and holds more than 35% of the total consumption. An increase in demand for low-cost additives with anti-oxidant properties has resulted in a 5% increase in demand for Propyl Gallate by the Food & Beverages Industry.

An increase in the use of Propyl Gallate has resulted in a 4.1% increase in demand by the Pharmaceutical Industry. With application in all non-organic non-herbal cosmetics and personal care products, Propyl Gallate has observed an increase of 7% in demand by the Cosmetics Industry. Different Industries like the Adhesive, Chemical, and Paper industries have observed a growth of 1.7% in demand for Propyl Gallate.
Global Propyl Gallate Market Regional Insights

Region-wise, Asia-Pacific is the biggest market for Propyl Gallate. Approval from health regulatory authorities and wide-scale use in the Food and Beverages Industry has resulted in a 4% increase in consumption of Propyl Gallate in this region. An increase in preference for low-cost nutrient-rich food products for animals has resulted in a 3.1% increase in consumption of Propyl Gallate by the Animal Husbandry Industry in this region.

North America is the biggest consumer of Medicinal Grade Propyl Gallate. The presence of a large number of people suffering from congestive heart disease and digestion-related issues has resulted in a 7% increase in the consumption of Propyl Gallate in this region. New Scientific discoveries state that Propyl Gallate holds medicinal properties to kill cancer cells. This has predicted double-digit growth in the consumption of Propyl Gallate in this region.

With approval from the European Regulatory Authority for the use of Propyl Gallate in food products, poultry food products, and cosmetics, Europe has observed a 5.4% increase in its demand. With application in over 167 cosmetics products and the presence of anti-oxidant properties, the Cosmetics sector in this region contributes to more than 8% of the revenue earned by the Global Propyl Gallate Market.

The presence of Adhesive manufacturing companies on a large scale in South America has resulted in a 4.4% increase in the consumption of Propyl Gallate. Preference for anti-oxidant-rich animal food products has resulted in a 2.7% increase in consumption of Propyl Gallate by the Animal Husbandry Industry in this region. The Middle East and Africa’s Market is showing a growth rate in the range of 2-3% from the last 5 years. The reason for this stagnant growth rate is the preference for alternative additives in food products in this region.

The objective of the report is to present a comprehensive analysis of the global Propyl Gallate market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Propyl Gallate market dynamics, structure by analyzing the market segments and Project the global Propyl Gallate market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Propyl Gallate market make the report investor’s guide.

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Global Propyl Gallate Market Scope: Inquire before buying

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Propyl Gallate Market Key Players

• Merck & Co. Inc.
• Thermo Fisher Scientific
• Impextraco NV
• Kemin Industries Inc.
• Minakem
• Haihang Industry Co. Ltd.
• VEEPRHO Pharmaceuticals S.R.O.
• Microherb
• Leshan Sanjiang Bio-Tech Co. Ltd.
• Gallochem Co. Ltd.
• Hunan Linong Technology Co. Ltd.
• Tianxin Medical & Chemical
• Chicheng Biotech
• BAF Chemical Co. Ltd.
• Xiangxi Gaoyuan Bio-Technology Co. Ltd.

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