Propyl Gallate Market (By Application: Food Industry, Cosmetic and Personal Care, Pharmaceuticals, Industrial Application; By Grade: Food Grade, Pharmaceutical Grade, Industrial Grade) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033


The global propyl gallate market size was valued at USD 320.40 million in 2023 and is anticipated to reach around USD 590.70 million by 2033, growing at a CAGR of 6.30% from 2024 to 2033. The propyl gallate market is expanding as consumers become more conscious of their health and well-being. This need is well-suited for propyl gallate, which is obtained from natural sources like tannins.

Propyl Gallate Market Size 2024 to 2033

To Access our Exclusive Data Intelligence Tool with 15000+ Database, Visit: Precedence Statistics

Propyl Gallate Market Key Takeaway

  • The North America propyl gallate market size surpassed USD 118.55 million in 2023 and is predicted to hit around USD 218.56 million by 2033.
  • North America held the largest share of 37% in 2023.
  • Asia Pacific is expected to grow substantially during the forecast period. 
  • By application, the food industry segment held the largest share of 53% in 2023.
  • By application, the industrial application segment is expected to expand substantially during the forecast period.
  • By grade, the food grade segment has held the largest share of around 54% in 2023.
  • By grade, the pharmaceutical grade segment is expected to grow rapidly during the forecast period.

Propyl Gallate Market Size in U.S. 2024 to 2033

The U.S. propyl gallate market size reached USD 97.21 million in 2023 and is expected to be worth around USD 179.22 million by 2033 at a CAGR of 6.50% from 2024 to 2033.

U.S. Propyl Gallate Market Size 2024 to 2033

North America holds the largest share of the global propyl gallate market. Food additive propyl gallate is frequently used as an antioxidant to prevent fats, oils, and fat-containing products from going bad. The Food and Drug Administration (FDA) in the United States and the Food Directorate of Health Canada oversee its regulation in the North American market. These regulatory organizations have established specified limits that allow the use of propyl gallate in food items.

To stop oxidative rancidity and prolong shelf life, it is usually added to fats, oils, and oil-containing products, including processed meats, snack foods, and baked goods. Propyl gallate is generally accepted as safe (GRAS) for use in food. However, there are rules governing allowed amounts and labeling specifications.

Propyl Gallate Market Share, By Region, 2023 (%)

The Asia Pacific has generated a 25% revenue share in 2023 and is expected to grow substantially during the forecast period. In Asia Pacific countries, there is an increasing demand for packaged and processed goods due to changing dietary preferences and population growth. To stop oxidation and increase shelf life, propyl gallate is frequently added as a preservative to fats, oils, and fatty food products.

The Asia Pacific pharmaceutical sector is expanding because of aging populations, rising healthcare costs, and improvements in medical research. It's critical to consider the regulatory environment in every nation in the area. Propyl gallate demand is impacted by varying regulations concerning the use of food additives, cosmetics components, and pharmaceutical excipients.

Europe Propyl Gallate Market Size 2023 to 2033

Year Market Size (USD Million)
2023 99.32
2024 105.59
2025 112.25
2026 119.33
2027 126.86
2028 134.86
2029 143.37
2030 152.41
2031 162.03
2032 172.25
2033 183.12

 

Propyl Gallate Market Overview

The main application of propyl gallate is as an antioxidant to stop oxidation and increase product shelf life. To preserve product quality, it is utilized in the food business in fats, oils, and fatty meals as well as in packaging materials. It keeps oils and fats from going rancid in cosmetics. Furthermore, it finds use in the pharmaceutical sector.

Propyl gallate demand is impacted by a number of variables, including the expansion of the food and beverage sector, rising consumer awareness of food safety and quality, and the need to prolong product shelf life. The preference for natural antioxidants like propyl gallate over synthetic ones is rising as people grow more health-conscious.

The usage of propyl gallate is governed by different laws in different nations and areas. Because of worries regarding safety, there may be limitations or maximum permitted amounts in some areas. In the propyl gallate market, suppliers and producers must adhere to regulatory requirements.

The market is being driven by consumers' growing preferences for natural and clean-label products. Producers are putting more and more effort into creating sustainable and natural substitutes for artificial antioxidants. In the upcoming years, technological and manufacturing process innovations are also anticipated to have an impact on propyl gallate market dynamics.

Propyl Gallate Market Growth Factors

  • In the food business, propyl gallate is frequently utilized as an antioxidant to stop oxidation and increase shelf life.
  • The possible health advantages of propyl gallate, including its anti-inflammatory and antioxidant qualities, are also well-known.
  • Propyl gallate may become more in demand as people become more health-conscious and look for products with natural additives. Pharmaceutical companies use propyl gallate as a stabilizer and antioxidant.
  • Propyl gallate is a substance that is likely to become more in demand as the pharmaceutical sector grows, particularly in developing nations. Thus, as worries over food safety and preservation rise, propyl gallate will probably become more and more in demand as a food additive.
  • Regulations governing the use of propyl gallate in various applications and their approvals can have a big impact on the expansion of the propyl gallate market.
  • The propyl gallate market may expand as manufacturers and consumers increasingly choose natural components over synthetic ones.
  • Globalization and urbanization have changed eating patterns and raised the intake of processed foods, which frequently need antioxidants to stay fresh. This pattern may help the propyl gallate market expand.
  • Propyl gallate's features and applications are still being studied; these findings could lead to new applications and advantages and boost the propyl gallate market.

Propyl Gallate Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 6.30%
Global Market Size in 2023 USD 320.40 Million
Global Market Size in 2024 USD 340.61 Million
Global Market Size by 2033 USD 590.70 Million
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Application and By Grade
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa


Propyl Gallate Market Dynamics

Driver: Stable supply chain

To lower the chance of disruption from problems like price changes, quality issues, or shortages from a single source, cultivate ties with several propyl gallate providers. Determine possible supply chain risks, such as natural disasters, unstable geopolitical environments, or changes in regulations, and create backup strategies to reduce these risks.

Maintaining optimal inventory levels to prevent over-stockpiling can result in capital constraints and higher storage expenses. Aligning inventory levels with projected demand by using demand planning and forecasting strategies. The propyl gallate market players need to enforce stringent quality control procedures all the way through the supply chain to guarantee that propyl gallate satisfies the necessary requirements. This ensures consistency in quality. Suppliers should undergo routine audits and inspections.

Restraint: Substitution in food formulations

The use of propyl gallate in food items may be subject to limitations or prohibitions by regulatory bodies because of growing scientific evidence or safety concerns. Regulations of this kind may force food producers to look for substitute antioxidants that satisfy legal specifications. The substitution of alternative antioxidants in the propyl gallate market is mostly determined by their accessibility and availability.

Manufacturers may invest in research and development to find efficient alternatives when the propyl gallate market for them grows. New antioxidants and preservatives are discovered and developed because of ongoing studies and developments in food science and technology. Growing public awareness of the possible health dangers linked to some food additives, such as propyl gallate, may encourage producers of food products to investigate safer substitutes.

Opportunity: Research and development

Researchers might investigate novel uses for propyl gallate in other sectors of the economy. Although it's frequently added to food as an antioxidant, it might also be useful in the pharmaceutical, cosmetic, and other industries. Propyl gallate's safety profile is frequently investigated in research to make sure it complies with legal requirements. This includes analyzing the environmental impact and conducting toxicological research to determine any possible health impacts.

Researchers might also look for derivatives or other sources that have better safety records. Researchers might look at possible interactions between propyl gallate and other substances or antioxidants. Comprehending the ways in which propyl gallate combines with other components might help formulate products that are better and have more antioxidant capacity.

Application Insights

The food industry segment held the largest share of the propyl gallate market and is expected to maintain its dominance during the forecast period. Food additive propyl gallate is mostly used as an antioxidant to keep fats and oils from going bad. It's frequently present in processed foods like chewing gum, baked products, cereals, and potato chips, among others. Propyl gallate is used as a preservative in the food business, which prolongs product shelf life by halting oxidation.

The need for food preservation, customer desire for convenience foods, and regulatory requirements for food additives all have an impact on the propyl gallate business. Antioxidants like propyl gallate continue to be widely used as consumers expect longer-lasting products and businesses work to satisfy these requests without sacrificing product quality.

The industrial application segment is expected to expand substantially during the forecast period. In plastics, propyl gallate is used as an antioxidant to stop the oxidation and degradation of polymers that occur from production and storage-related exposure to heat, light, and oxygen.

Propyl gallate is used in the rubber industry as a stabilizer and antioxidant that prolongs the performance and shelf life of rubber goods by halting oxidation-related degradation. Because of its phenolic structure, propyl gallate is also used as a reagent in organic processes and chemical synthesis. It can take part in a number of different processes, including those involving esterification, condensation, and oxidation, which help create a variety of organic molecules. It contributes to extending the life and quality of textile goods by preventing oxidative damage to textile fibers and dyes during processing and storage.

Grade Insights

The food grade segment held the largest share of the propyl gallate market in 2023. Propyl gallate is mostly used in the food sector as an antioxidant to keep fats and oils from going bad. It must, therefore, be of food-grade quality in order to guarantee that it satisfies safety requirements for ingestion.

Propyl gallate intended for food use is subject to rigorous testing and governed by rules established by food safety agencies, such as the European Food Safety Authority (EFSA) in Europe or the Food and Drug Administration (FDA) in the United States. Propyl gallate that satisfies these food-grade criteria is usually certified or accompanied by paperwork by manufacturers and suppliers, guaranteeing that it is suitable for use in food products.

Propyl Gallate Market Share, By Grade, 2023 (%)

The pharmaceutical grade segment is expected to grow rapidly during the forecast period. Propyl gallate of pharmaceutical grade is in high demand because of its use as an antioxidant in the food, cosmetics, pharmaceutical, and other industries. Propyl gallate prolongs the shelf life and maintains the quality of items by preventing oxidation. It is frequently employed in the pharmaceutical industry to stabilize formulations and shield medications from deterioration brought on by oxygen exposure.

To guarantee the purity and effectiveness of their goods, producers and distributors of pharmaceutical-grade propyl gallate must abide by stringent quality standards and legal restrictions. Keeping up Good Manufacturing Practices (GMP) and earning the necessary certifications are part of this.

Propyl Gallate Market Companies

  • Wufeng Chicheng Biotech Co., Ltd.
  • REXLER.
  • Thermo Fisher Scientific Inc.
  • Tokyo Chemical Industry Co., Ltd. (TCI)
  • Leshan Sanjiang Bio-Tech Co., Ltd.
  • MP Biomedicals,
  • Haihang Industry Co., Ltd.

Segments Covered in the Report

By Application

  • Food Industry
  • Cosmetic and Personal Care
  • Pharmaceuticals
  • Industrial Application

By Grade

  • Food Grade
  • Pharmaceutical Grade
  • Industrial Grade

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

How big is the propyl gallate industry?
The global propyl gallate market size is expected to increase USD 590.70 million by 2033 from USD 320.40 million in 2023.
What is the growth rate of the propyl gallate industry?
The global propyl gallate market will register growth rate of 6.30% between 2024 and 2033.
Who are the prominent players operating in the propyl gallate market?
The major players operating in the propyl gallate market are Wufeng Chicheng Biotech Co., Ltd., REXLER., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co., Ltd. (TCI), Leshan Sanjiang Bio-Tech Co., Ltd., MP Biomedicals, Haihang Industry Co., Ltd., and Others.
Which are the driving factors of the propyl gallate market?
The driving factors of the propyl gallate market are the rising consumer awareness of food safety & quality and the need to prolong product shelf life.
Which region will lead the global propyl gallate market?
North America region will lead the global propyl gallate market during the forecast period 2024 to 2033.

PROCEED TO BUY :

   USD 5400
   USD 3800
   USD 2100
   USD 2100
   USD 7500

ASK FOR SAMPLE

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client

Get a Sample