Oxygen Scavengers Market

Oxygen Scavengers Market - An Overview

The global oxygen scavengers market is expected to witness moderate growth during the forecast period between 2021 and 2031.

Oxygen scavengers are devices that help remove oxygen from several processes such as food processing. Oxygen generally enters into any food product when it has not been packaged properly.

Oxygen scavenger technology depends on the oxidation of different components such as iron powder, photosensitive polymers, enzymes, and ascorbic acid.

These chemical compounds help in reducing the oxygen levels to less than 0.01%. Oxygen scavengers also help to increase the operational capabilities of several procedures.

In the last few years, oxygen scavengers have also been added to boiler systems to remove any residual dissolved oxygen, present in them.

Oxygen Scavengers Market - Trends and Opportunities

Rising demand for oxygen scavengers in packaging food products is the key growth driver for the global oxygen scavengers market.

Oxygen scavengers have been found helpful in maintaining the original quality of food products and also extending their shelf life. In addition to this, they have also helped in preventing the growth of any aerobic pathogens in food products.

Government support and measures promoting the use of oxygen scavengers could also propel the overall oxygen scavengers market, in the years ahead.

The food and beverages end-use segment is expected to make the largest contribution to the overall oxygen scavengers market, owing to the rising use of oxygen scavengers coated with pyrogallic acid in food products, which prevents the loss of nutritional value and keeps the food product, free of rancidity.

The metal oxygen scavengers are expected to contribute the most to the global oxygen scavengers market in future, as they are easy to handle and have helped prevent color changes and spoilage, in food products.

Oxygen Scavengers Market - Competitive Landscape

The global oxygen scavengers market has very few players, many of who could engage in different growth strategies such as new product launches, which could help them remain competitive in the overall oxygen scavengers market.

The smaller players in the global oxygen scavengers market will seek investments from governments and other private investors, which could benefit them in the long-term.

Building positive relations with investors and key authorities could also help the lesser-known players approach them for additional assistance, in the coming years.

Different R&D undertakings could be a key growth strategy for the smaller players in the global oxygen scavengers market, as well.

Some of the key players in the global oxygen scavengers market include Mitsubishi Gas Chemical Company, Clariant Ltd., and BASF SE.

Oxygen Scavengers Market - Regional Assessment

The global oxygen scavengers market is divided into five regions, namely, North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.

Asia Pacific is expected to witness substantial growth in the global oxygen scavengers market, in the coming years owing to the rising demand for oxygen scavengers in countries such as India and China.

India has emerged as a major center for packaged food consumption in the last few years and increasing demand for food and beverage products in the country is expected to help fuel the oxygen scavenger demand.

North America is anticipated to witness strong growth in the oxygen scavengers market owing to factors such as rising disposable income among families residing in countries such as the U.S and Canada and an improved industrial base, in these countries.

Middle East and Africa is expected to provide profitable growth opportunities for the oxygen scavengers market, due to increased research and development activities to produce oxygen scavengers, in the region.

Other regions such as Europe and Latin America are expected to witness moderate growth in the overall oxygen scavengers market, in future.