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Propyl Gallate Market Outlook Report

Published On: Feb, 2025
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Pages: 150+

The Propyl Gallate Market is estimated to be USD 53.6 million in 2024. Furthermore, the market is expected to grow to USD 78.7 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.6%.

Propyl Gallate Market Overview

Propyl gallate (n-propyl 3,4,5-trihydroxybenzoate, PG) is an ester formed by propanol and gallic acid condensation. It is an important synthetic substance widely used in cosmetics, foods, pharmaceuticals, and other fields. Also, it is used as an effective antioxidant in cosmetics to stabilize vitamins, essential oils, perfumes, fats and oils. China is still the world's largest propyl gallate production region; because of the limit of the raw material, only a few companies in the world are mainly distributed in China.The global propyl gallate market is mainly attributed to factors such as the rising use of cosmetics, rapid growth of the pharmaceutical industry & food & beverage industry, growing population, and changing lifestyles. According to the FDA, propyl gallate is safe for human consumption. The rising market of processed and convenience food in the food industry in several less developed countries globally is driving the market's growth. 

Latest Trends in Propyl Gallate Market

Increasing Propyl Gallate Demand for Processed Food:
The rising consumption of packaged food is estimated to boost the global propylgallate market during the forecast period. At present, antioxidants continue to gain momentum in the food & beverage industry and are considered an important additive. The growing demand and consumption of processed foods, which widely contain antioxidant compounds, has driven the market growth. Propyl gallate prevents oxidation and extends the shelf-life of the food. The rising working population and the fast-paced lifestyle of people have led to their surging reliance on processed foods. Further, functional foods are becoming more in demand, and consumers demand high-protein, nutritionally rich superfoods. These factors influenced manufacturers to develop innovative products and adopt new technologies. 
As developing economies like China and India grow and attain high disposable income, their demand for food antioxidants & additives is rising. The demand for propyl gallate food antioxidants is expected to grow modestly in early adopting countries such as Japan and Germany and exponentially in new & emerging markets such as Thailand, Malaysia, and other Asian countries.

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Driving Factors

Increasing Propyl Gallate Demand for Processed Food:
The rising consumption of packaged food is estimated to boost the global propyl gallate market during the forecast period. At present, antioxidants continue to gain momentum in the food & beverage industry and are considered an important additive. The growing demand and consumption of processed foods, which widely contain antioxidant compounds, has driven the market growth. Propyl gallate prevents oxidation and extends the shelf-life of the food. The rising working population and the fast-paced lifestyle of people have led to their surging reliance on processed foods. Further, functional foods are becoming more in demand, and consumers demand high-protein, nutritionally rich superfoods. These factors influenced manufacturers to develop innovative products and adopt new technologies. 

Market Challenges

Availability of Bio-Based Antioxidants & Other Substitutes:
The other alternatives of propyl gallate include octyl gallate, methyl gallate, dodecyl gallate, ethyl gallate, and others. Propyl gallate is an irritant to the skin and eyes and a dermal sensitizer. Exposure via inhalation is possible, and it is considered a hazard. The use of the additive in animal nutrition does not pose a risk to the environment. 
Propyl gallate has, until recently, been used as a major antioxidant in fatty food and, in the cosmetic industry, in the manufacture of cosmetic products. Propyl gallate has a high sensitizing potential; however, the frequency of allergic contact dermatitis from antioxidants of the gallate type was surprisingly low. Nevertheless, a concomitant reduction of propyl gallate as an antioxidant in food, with oral tolerance being less likely to develop, may also contribute to the increasing trend of allergic contact dermatitis caused by propyl gallate.


Companies Mentioned

  1. Wufeng Chicheng Biotech Co., Ltd.
  2. Hunan Linong Technology Co., Ltd.
  3. Leshan Sanjiang Bio-Tech Co., Ltd.
  4. Tianxin Medical & Chemical Industry, Co., Ltd.
  5. Wenzhou Ouhai Fine Chemicals, Ltd.
  6. REXLER.
  7. Thermo Fisher Scientific Inc.
  8. Tokyo Chemical Industry Co., Ltd. (TCI)
  9. Alfa Aesar
  10. BASF SE
  11. Gallochem Co., Ltd.
  12. Haihang Industry
  13. Impextraco
  14. Kemin Industries

*The companies above are listed in no particular order.

Parameter

Detail

Base Year

2024

Estimated Year

2025

Forecast Period

2026-2032

Market Size-Units

USD million

Market Splits Covered

By Raw Material, By Grade, By End-User

Countries Covered

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Spain, Italy, Rest of Europe)

Asia-Pacific (China, India, Japan, Australia, Rest of APAC)

The Middle East and Africa (Middle East, Africa)

South and Central America (Brazil, Argentina, Rest of SCA)

Analysis Covered

Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies

Customization

10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed

Post-Sale Support

4 analyst hours, available up to 4 weeks

Delivery Format

The Latest Updated PDF and Excel Datafile

Market segmentation

Propyl Gallate Market, By Raw Material

  • Gallic acid
  • Propanol
  • Others

Propyl Gallate Market, By Grade

  • Food Grade
  • Pharmaceutical Grade
  • Feed Grade
  • Others

Propyl Gallate Market, By End Use

  • Food and Feed
  • Cosmetics and Personal Care
  • Pharmaceutical
  • Others

Propyl Gallate Market, By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Vietnam, Rest of APAC)
  • The Middle East and Africa (Saudi Arabia, South Africa, UAE, Iran, Egypt, Rest of MEA)
  • South and Central America (Brazil, Argentina, Chile, Rest of SCA)

Market Key Players

  • BASF SE

  • Merck KGaA

  • Minakem

  • Spectrum Chemical Manufacturing Corp.

  • MP Biomedicals

  • Wego Chemical Group

  • Anmol Chemicals

  • Nantong Xindao Biotech Ltd.

  • Connect Chemicals GmbH

  • Sigma-Aldrich

  • CellMark Chemicals

  • Vivify Specialty Ingredients (Aakash Chemicals)

  • Xiamen Hisunny Chemical Co. Ltd.

  • Parchem (Parchem-Fine & Specialty)

  • Wufeng Chicheng Biotech Co. Ltd.

TABLE OF CONTENTS

1. TABLE OF CONTENTS
1.1. LIST of TABLES
1.2. LIST of FIGURES

2. GLOBAL PROPYL GALLATE MARKET REVIEW, 2023
2.1. Propyl Gallate Market Industry Overview
2.2. Research Methodology
2.2.1. Market Scope and Definition
2.2.2. Study Assumptions

3. PROPYL GALLATE MARKET INSIGHTS
3.1. Key Raw Materials of Propyl Gallate Market to 2031
3.2. Leading Grade of Propyl Gallate Market to 2031
3.3. Dominant End Use of Propyl Gallate Market to 2031
3.4. High Prospect Geography for Propyl Gallate Market to 2031
3.5. Key Technologies in The Propyl Gallate Market
3.6. Key Suppliers of Propyl Gallate, By Region
3.6.1. Key Suppliers of Propyl Gallate, Brief Profiles

4. PROPYL GALLATE MARKET TRENDS, DRIVERS, AND RESTRAINTS
4.1. Key Factors Driving the Propyl Gallate Market Growth
4.1.1. Increasing Propyl Gallate Demand for Processed Food
4.1.2. Rapid Growth in The Pharmaceutical Industry
4.1.3. Rising Urban Population & Changing Lifestyles
4.1.4. Launching Products with Addition of New Nutrients
4.1.5. Growth in Cosmetics & Personal Care Industry
4.2. Major Challenges to the Propyl Gallate Market Industry, 2023-2031
4.2.1. Availability of Bio-Based Antioxidants & Other Substitutes
4.3. Five Forces Analysis for Global Propyl Gallate Market

5. GLOBAL PROPYL GALLATE MARKET DATA - INDUSTRY SIZE, SHARE, AND OUTLOOK
5.1. Propyl Gallate Market Annual Sales Outlook, 2023-2031 ($Million)
5.2. Global Propyl Gallate Market Annual Sales Outlook by Raw Material, 2023-2031 ($Million)
5.2.1. Gallic acid Market Outlook, 2023-2031
5.2.2. Propanol Market Outlook, 2023-2031
5.2.3. Other Market Outlook, 2023-2031
5.3. Global Propyl Gallate Market Annual Sales Outlook by Grade, 2023-2031 ($Million)
5.3.1. Food Grade Market Outlook, 2023-2031
5.3.2. Pharma Grade Market Outlook, 2023-2031
5.3.3. Feed Grade Market Outlook, 2023-2031
5.3.4. Other Market Outlook, 2023-2031
5.4. Global Propyl Gallate Market Annual Sales Outlook by End Use, 2023-2031 ($Million)
5.4.1. Food and Feed Industry, Market Outlook, 2023-2031
5.4.2. Cosmetics and Personal Care, Market Outlook, 2023-2031
5.4.3. Pharmaceutical, Market Outlook, 2023-2031
5.4.4. Other End-user Industries, Market Outlook, 2023-2031
5.5. Global Propyl Gallate Market Annual Sales Outlook by Geography, 2023-2031 ($Million)

6. ASIA PACIFIC PROPYL GALLATE MARKET INDUSTRY STATISTICS - MARKET SIZE, SHARE, COMPETITION AND OUTLOOK
6.1. Asia Pacific Market Insights, 2023
6.2. Asia Pacific Propyl Gallate Market Revenue Forecast by Raw Material, 2023-2031 (USD Million)
6.3. Asia Pacific Propyl Gallate Market Revenue Forecast by Grade, 2023-2031 (USD Million)
6.4. Asia Pacific Propyl Gallate Market Revenue Forecast by End-Use, 2023-2031 (USD Million)
6.5. Asia Pacific Propyl Gallate Market Revenue Forecast by Country, 2023-2031 (USD Million)
6.5.1. China
6.5.2. Japan
6.5.3. India
6.5.4. Rest of Asia Pacific

7. EUROPE OUTLOOK AND GROWTH OPPORTUNITIES
7.1. Europe Market Insights, 2023
7.2. Europe Propyl Gallate Market Revenue Forecast by Raw Material, 2023-2031 (USD Million)
7.3. Europe Propyl Gallate Market Revenue Forecast by Grade, 2023-2031 (USD Million)
7.4. Europe Propyl Gallate Market Revenue Forecast by End Use, 2023-2031 (USD Million)
7.5. Europe Propyl Gallate Market Revenue Forecast by Country, 2023-2031 (USD Million)
7.5.1. Germany
7.5.2. United Kingdom
7.5.3. France
7.5.4. Italy
7.5.5. Spain
7.5.6. Rest of Europe

8. NORTH AMERICA OUTLOOK AND GROWTH OPPORTUNITIES
8.1. North America Market Insights, 2023
8.2. North America Propyl Gallate Market Revenue Forecast by Raw Material, 2023-2031 (USD Million)
8.3. North America Propyl Gallate Market Revenue Forecast by Grade, 2023-2031 (USD Million)
8.4. North America Propyl Gallate Market Revenue Forecast by End Use, 2023-2031 (USD Million)
8.5. North America Propyl Gallate Market Revenue Forecast by Country, 2023-2031 (USD Million)
8.5.1. United States
8.5.2. Canada
8.5.3. Mexico

9. SOUTH AND CENTRAL AMERICA OUTLOOK AND GROWTH OPPORTUNITIES
9.1. South and Central America Market Insights, 2023
9.2. South and Central America Propyl Gallate Market Revenue Forecast by Raw Material, 2023-2031 (USD Million)
9.3. South and Central America Propyl Gallate Market Revenue Forecast by Grade, 2023-2031 (USD Million)
9.4. South and Central America Propyl Gallate Market Revenue Forecast by End-Use, 2023-2031 (USD Million)
9.5. South and Central America Propyl Gallate Market Revenue Forecast by Country, 2023-2031 (USD Million)
9.5.1. Brazil
9.5.2. Argentina
9.5.3. Rest of South and Central America

10. MIDDLE EAST AFRICA OUTLOOK AND GROWTH OPPORTUNITIES
10.1. Middle East Africa Market Insights, 2023
10.2. Middle East Africa Propyl Gallate Market Revenue Forecast by Raw Material, 2023-2031 (USD Million)
10.3. Middle East Africa Propyl Gallate Market Revenue Forecast by Grade, 2023-2031 (USD Million)
10.4. Middle East Africa Propyl Gallate Market Revenue Forecast by End Use, 2023-2031 (USD Million)
10.5. Middle East Africa Propyl Gallate Market Revenue Forecast by Country, 2023-2031 (USD Million)
10.5.1. Middle East
10.5.2. Africa

11. PROPYL GALLATE MARKET STRUCTURE AND COMPETITIVE LANDSCAPE
11.1. Wufeng Chicheng Biotech Co., Ltd.
11.2. Hunan Linong Technology Co., Ltd.
11.3. Leshan Sanjiang Bio-Tech Co., Ltd.
11.4. Tianxin Medical & Chemical Industry, Co., Ltd.:
11.5. Wenzhou Ouhai Fine Chemicals, Ltd.

12. APPENDIX
12.1. About Us
12.2. Sources
12.3. Research Methodology
12.4. Contact Information

  

 

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FAQ's

The Global Propyl Gallate Market is estimated to generate USD 53.6 million in revenue in 2024.

The Global Propyl Gallate Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period from 2025 to 2032.

The Propyl Gallate Market is estimated to reach USD 82.9 million by 2032.

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Meanwhile, many nations around the world are planned to increase their respective renewable energy capacities in order to achieve complete net zero emissions by 2050. In the recent 18th Group of 20 Nations (G20) Summit held in India in September 2023, all the G20 nations have pledged to triple renewable energy capacity by 2030. Meanwhile, in the latest COP28 summit held in Dubai, around 120 nations including the US and the EU agreed to triple their renewables by 2030. Technological Advancements and R&D: Advancements in battery technologies, particularly lithium-ion batteries, have revolutionized the Plastic Caps and Closures landscape. Factors such as declining costs, improved energy density and enhanced performance characteristics have made batteries a preferred choice for various applications, including grid-scale storage, residential Plastic Caps and Closures and electric vehicles. Market Challenges Higher Costs: One of the significant barriers to the widespread adoption of Plastic Caps and Closures systems is their high initial costs. While the costs of Plastic Caps and Closures technologies, such as lithium-ion batteries, have been declining in recent years, they still represent a significant upfront investment for consumers, businesses, and utilities. The capital-intensive nature of Plastic Caps and Closures projects can deter potential buyers and limit deployment, particularly for grid-scale and large-scale applications. Technology Maturity and Reliability: Many Plastic Caps and Closures technologies like flow battery storage systems are still in the early stages of development, and their performance, reliability, and durability may not be fully proven or optimized. Issues such as battery degradation, cycle life, and safety concerns can impact the economic viability and operational performance of Plastic Caps and Closures systems. Lack of confidence in the reliability and long-term performance of Plastic Caps and Closures technologies can be a deterrent for potential buyers and investors. Companies Mentioned Silgan Holdings Inc. Berry Global Inc. Amcor plc Crown Holdings, Inc. AptarGroup, Inc. *The companies above are listed in no particular order. Report Scope Details Market Value- $ Billion,2024 49,504 Market Growth (Value), (2024-2031)- % 5.5 Leading Region Xx Base Year 2023 Forecast Period 2024 to 2031 Segments Covered By Product Type, By Raw Material, ByContainer Type, By End User Geography Covered North America, Europe, Asia-Pacific,South and Central America, and Middle East & Africa

Published:Jan-2025
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