Dodecyl Gallate Market Report Forecast 2022-2028

Posted 2022-11-16 05:42:00

Dodecyl gallate is an ester of gallic acid and dodecanol. It is a white powder that is insoluble in water. Dodecyl gallate is used as an antioxidant and preservative in food and cosmetics. It is also used as an antifungal agent.

Due to the COVID-19 pandemic, the global Dodecyl Gallate market size is estimated to be worth US$ 54.73 million in 2022 and is forecast to a readjusted size of US$ 76.43 million by 2028 with a CAGR of 5.72% during the forecast period 2022 -2028.

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Fully considering the economic change by this health crisis, Purity above 98% accounting for 87.59% of the Dodecyl Gallate global market in 2021, is projected to value US$ 67.10 million by 2028, growing at a revised 5.77% CAGR from 2022 to 2028. While Food segment is altered to an 6.44% CAGR throughout this forecast period.

The major drivers for the growth of the DG market are the growing demand for processed food and the increasing use of DG in cosmetics. The processed food industry is growing due to the changing lifestyle of consumers, who are now opting for ready-to-eat and convenience foods. The cosmetics industry is also growing due to the increasing awareness of personal grooming among consumers.

The main advantage of dodecyl gallate is that it is an effective preservative. It helps to extend the shelf life of food products by preventing the growth of bacteria and other microorganisms. Additionally, dodecyl gallate can help to prevent the oxidation of fats and oils. This can improve the taste and quality of food products.

However, there are some disadvantages to using dodecyl gallate as well. Some research has shown that it may be toxic to human cells in vitro. Additionally, it can migrate from food packaging into the food itself. This can result in increased levels of dodecyl gallate in the diet.

Segment Analysis:

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

By Company

The global major manufacturers of Dodecyl Gallate include Polynt SpA, Nanjing Longyuan Natural Polyphenol Synthesis Factory, Jiurui Biology, Tokyo Chemical Industry, Muby Chemicals, Anmol Chemicals Group, and etc. In terms of revenue, the global three largest players hold a 5.56% market share of Dodecyl Gallate in 2021.

Anmol Chemicals Group

Polynt SpA

Muby Chemicals

Nanjing Longyuan Natural Polyphenol Synthesis Factory

Tokyo Chemical Industry

Jiurui Biology

Segment by Type

Purity above 98%

Others

Segment by Application

Food

Pharmaceutical

Personal Care

Others

Production by Region

North America Dodecyl Gallate market size was US$ 11.82 million in 2021, while Europe was US$ 9.24 million. The proportion of the North America was 21.54% in 2021, while Europe's percentage was 17.29%, and it is predicted that Europe market share will reach 17.44% in 2028, trailing a CAGR of 5.80% through the analysis period.

Asia Pacific

North America

Europe

Consumption by Region

North America

United States

Canada

Asia-Pacific

China

Japan

India

Southeast Asia

Others

Europe

Germany

France

Italy

Netherlands

Others

Latin America

Mexico

Brazil

Others

Drivers and Restrains:

The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.

Key Questions Answered:

How big is the global DODECYL GALLATE market
What is the demand of the global DODECYL GALLATE market
What is the year over year growth of the global DODECYL GALLATE market
What is the production and production value of the global DODECYL GALLATE market
Who are the key producers in the global DODECYL GALLATE market
What are the growth factors driving the market demand

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