Sarasota, FL, Nov. 07, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Antioxidant BHT Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for antioxidant BHT market was valued at over USD 197.9 million in 2015, is expected to reach above USD 265.9 million in 2021 and is anticipated to grow at a CAGR of slightly above 5.10% between 2015 and 2021.
Antioxidant in general terms can be explained as the inhibitor for oxidizing agents. Antioxidants can be classified into natural antioxidants and synthetic antioxidant. Natural antioxidant such as rosemary extracts, vitamin A, vitamin C and vitamin E are obtained naturally from fruits and vegetables. Synthetic antioxidants are processed and utilized for various functions such as packaging and cosmetic industry among others. Antioxidant BHT is derivative of phenol possessing antioxidant properties. BHT (butylated hydroxytoluene) is categorized under synthetic antioxidants and used as preservatives in food, cosmetics, and other applications. Antioxidant BHT can protect healthy tissues against damage induced by oxidative stress.
Browse through 4 Market Tables and 5 Figures spread over 110 Pages and in-depth TOC on “Global Antioxidant BHT Market: Size, Share, Trends, Industry Segment and Forecast 2015-2021”.
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Antioxidants are mainly used for improving disease resistance in the animal, and protect cell membrane of skin. Therefore the high use of the antioxidant in animal feed is expected to trigger the growth of antioxidant BHT market in the forecast period. Antioxidants are extensively used in the cosmetic industry, thus growth in the cosmetic industry is expected to directly impact the growth of the antioxidant market. Antioxidants are also used as the stabilizer in rubbers, elastomers, polymeric materials. Thus, escalating plastic and rubber industry is likely to stimulate the growth of antioxidant BHT market in coming years. However, long-term use of antioxidant BHT led to the adverse effect on human and animal health. This factor may impede the growth of antioxidant BHT market. Nonetheless, ongoing research and development to improve antioxidant BHT properties are expected to offer ample opportunities for antioxidant BHT market in coming years.
Asia Pacific is witnessing an unprecedented boom in recent times. Rapidly growing industrialization and increasing intake of protein has resulted in high meat consumption, this has led to high growth in antioxidant BHT market. India and China are expected to exhibit high growth for antioxidant BHT owing to rising meat consumption in these regions.
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China accounts for half of the pig meat production and is the largest market in sheep meat production. The market in China is said to maintain its position owing to high demand from the local market and consumption of meat. This is expected to raise the animal feed market resulting into the high growth of antioxidant BHT market in this region. In Japan, beef production depends on the government subsidies. The market in Japan is restricted due to lack of territory and hence it is one of the leading beef exporters. This factors positively impact on the growth of the antioxidant BHT market in Asia Pacific.
Meat is highly consumed food in North America and the presence of competitiveness among the manufacturers for innovation of product development stimulates the meat market growth in this region. Different varieties of food including meat as prime ingredients drive the market demand for meat. As per U.S. Department of Agriculture, average American consumption of meat in 2012 was 71.2 pounds of red meat and 54.1 pounds of poultry. Therefore, growth in the meat industry is expected to bolster the animal feed market which in turn will spur the antioxidant BHT market.
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Europe is one of the major meat producers across the globe and accounts for 16% of total meat production worldwide. However, the sector has undergone economic instability but has regained its situation, therefore it is projected that Europe will have decent growth over the coming years. Though, the meat market is anticipated to grow at the decent rate in the UK, as beef, and pork is the staple food in the Britain. Thus, escalating meat market results into the high growth of antioxidant BHT market in the forecast period.
Latin America is anticipated to grow at higher rate owing to easy availability of processed meat in Latin America fuels the growth of processed meat market which in turn spurs the growth of animal feed market which results in bolstering demand for antioxidant BHT market. The Middle East and Africa are likely to show decent growth in the near future due to increasing living standards and developing the economy.
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Caldic, Cargill, LANXESS, Impextraco, Perstorp Group, Merisol USA LLC, Milestone Preservatives Private Limited and Eastman Chemical Company among others are some of the major players in the antioxidant BHT market.
This report segments the antioxidant BHT market as follows:
Antioxidant BHT Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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