Global Butylated hydroxyanisole (BHA) market: Overview

Butylated hydroxyanisole (BHA) is considered as antioxidant as it has a property of preventing rancidification of food which creates obnoxious odors.as it is a waxy solid it is used as a food additive with E-number E320. Butylated hydroxyanisole (BHA) is primarily used as preservative in food, animal feed, wax food packaging, cosmetic, petroleum products, and rubber. It also has medicinal properties hence commonly used in medicines such as lovastatin, isotretinoin, and simvastatin. Butylated hydroxyanisole (BHA) acts as a free radical scavengers, with its conjugated aromatic rings it stabilizes the free radicals which prevents the further free radical reactions. As butylated hydroxyanisole (BHA) is an anti-oxidant it appears in many products such as potato chips, lard, butter, cereal, instant mashed potatoes, beer, preserved meat, dry beverages, dessert mixes and baked goods.

Global Butylated hydroxyanisole (BHA) market: Market dynamics

The growth of global Butylated hydroxyanisole (BHA) market is driven by food and beverage industry, as it is mainly used in protection of food products. As butylated hydroxyanisole (BHA) remains stable in high temperatures the food industry experts recommend the usage of butylated hydroxyanisole (BHA) in food and beverage products. Butylated hydroxyanisole (BHA) is also widely used in cosmetic and pharmaceutical industries as it closely related to synthetic antioxidants which is used in lipsticks and moisturizers. The key factors restraining the global Butylated hydroxyanisole (BHA) market as there is debate whether butylated hydroxyanisole (BHA) is human carcinogen or not the national Toxicology Program classified butylated hydroxyanisole (BHA) as “reasonably anticipated to be human carcinogen however the international cancer agency stated it as a possible human carcinogen and is listed as a carcinogen under California’s proposition 65. It is also proved to be allergic if used in large doses which affects kidney and liver functions. The FDA regulations limits the use of butylated hydroxyanisole (BHA) in commercial food products to 0.02% in fat and oil based products.

Global Butylated hydroxyanisole (BHA) market: Market segmentation

On the basis of end users industry, the global Butylated hydroxyanisole (BHA) market is segmented into:

  • Food and beverage industry
    • Beer
    • Ready to eat
    • Packed food
  • Pharmaceutical industry
  • Cosmetic industry
    • Fragrance
    • Lipstick
    • moisturizers

On the basis of form type, the global Butylated hydroxyanisole (BHA) market is segmented into:

  • Crystals
  • Powder

Global Butylated hydroxyanisole (BHA) market: Segment Overview

Food & beverage industry has a higher rate of consumption of butylated hydroxyanisole (BHA) as a preservative followed by cosmetic and pharmaceutical company as an antioxidant.it is mainly manufactured in solid crystal form.

Global Butylated hydroxyanisole (BHA) market: Regional overview

Based on the geographies, the global butylated hydroxyanisole (BHA) market is fragmented into seven key region- Latin America, North America, Eastern Europe, Western Europe, Asia-Pacific except Japan, Middle East & Africa, Japan. Among the regions mentioned above, in North-America the use of butylated hydroxyanisole (BHA)  is unrestricted and has also categorized butylated hydroxyanisole (BHA)  as high human health priority, however few parts of North America requires warning labels on the products that contain butylated hydroxyanisole (BHA).the use of butylated hydroxyanisole (BHA)  in Eastern and Western Europe is prohibited as fragrance ingredient in cosmetic, although Western Europe and North America are the only regions where butylated hydroxyanisole (BHA) is used in beverages. Asia-Pacific, Japan, Middle-East & Africa consume lower level of v compared to the other regions. Overall the growth of butylated hydroxyanisole (BHA) has a negative growth over the forecasted period, owning to the increase in ban and restrictions on the use of the butylated hydroxyanisole (BHA) as preservative due to its adverse effect on human health.

Global Butylated hydroxyanisole (BHA) market: market players

Some of the market players identified in the global Butylated hydroxyanisole (BHA) market includes:

  • Clean Science
  • Sigma-Aldrich Co. LLC.
  • Abcam plc.
  • Crystal Quinone Pvt. Ltd.
  • Finoric LLC
  • Eastman Chemical Company
  • V. Enterprises

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Butylated Hydroxyanisole Market

Pre Book