Increasing demand for processed and canned food products among consumers is majorly driving the food additives market. As food additives not only provides flavour, texture and appearance to the food preparation but also helps to enhance the shelf life of the product. Thereby, supporting the market growth of butylated hydroxytoluene. As butylated hydroxytoluene is extensively used as food additives by acting as rancid through oxidation process and prevents the spoilage of food. Owing to this, it is widely being used in manufacturing of wide range of food products such as breakfast cereals, frozen food products, sausages among others. Moroever, butylated hydroxytoluene also finds significant use in cosmetic industry as it helps in the preservation of moisturisers and lipsticks due to its antioxidant properties. Butylated hydroxytoluene is also used in combination with butylated hydroxyanisole in food industry. Hence, offers wide array of application which is propelling the growth of butylated hydroxytoluene market. Apart from aforementioned applications, butylated hydroxytoluene also used commercially in animal feed, electrical transformers, rubber manufacturing and pharmaceuticals among others. Therefore, further fuelling the demand of butylated hydroxytoluene.
However, the safety of butylated hydroxytoluene used as food additive is still questionable. As its extensive use is considered to be associated with liver enlargement and carcinogenic activity. Hence, lack of knowledge among food manufacturers and consumers regarding its harmful side may restrain the market growth of butylated hydroxytoluene market. Moreover, food industry offers wide variety of food additives which are comparatively safer than butylated hydroxytoluene and possess various other properties apart from food preservative. Thereby, affecting the growth prospects of butylated hydroxytoluene market.
Global Butylated Hydroxytoluene Market: Region wise Outlook
The global butylated hydroxytoluene market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Japan, Latin America and, North America. North America holds the major share in the global butylated hydroxytoluene market. Shifting consumer consumption pattern and increasing demand for processed food is driving the butylated hydroxytoluene market in US. However, with possible harmful effects of butylated hydroxytoluene, may affects its growth prospects in Europe. As European food industry is regulated through stringent regulatory laws. Asia Pacific represents potential region for the growth of butylated hydroxytoluene market. Increasing trade flows, greater investment opportunities for food manufavcturers, rising demand for food additives are contributing to the significant growth of butylated hydroxytoluene market.
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Global Butylated Hydroxytoluene Market: Key Players
Some of the prominent players identified in the global butylated hydroxytoluene market includes: AppliChem GmbH, Eastman, VDH Chem Tech Pvt. Ltd., Sisco Research Laboratories Pvt. Ltd., Oxiris Chemicals S.A., S. C. Johnson & Son, Inc., Sigma-Aldrich Co. LLC.,Merck KGaA.,
Regional analysis for Butylated Hydroxytoluene Market includes
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Western Europe
- Germany
- France
- U.K
- Italy
- Spain
- Nordics
- Benelux
- Rest of the Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of the Eastern Europe
- Western Europe
- Asia Pacific excluding Japan (APEJ)
- China
- India
- ASEAN
- Australia and New Zealand (ANZ)
- Rest of APEJ
- Japan
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
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On the basis of end use industry, butylated hydroxytoluene market is segmented into:-
- Food & Beverage
- Personal Care
- Pharmaceutical
- Chemical
- Petroleum
- Electronic
- Others
On the basis of functionality, butylated hydroxytoluene market is segmented into:-
- Food preservatives
- Antioxidant
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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