Oxygen Scavengers Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Oxygen Scavengers Market Analysis
The market for oxygen scavengers is expected to registera CAGR of over 4%, during the forecast period. One of the key factors driving the market is the increasing demand for fresh and quality packaged food. However, the non-volatile nature of oxygen scavengers is likely to restrain market growth.
- The food and beverage industry is expected to dominate the market, during the forecast period.
- Increasing demand from industrial boilers is expected to create growth opportunities for the market, in the future.
- North Americaaccounted for the highest market share globally.
Oxygen Scavengers Market Trends
This section covers the major market trends shaping the Oxygen Scavengers Market according to our research experts:
Food and Beverage Industry to Dominate the Market
- The food andbeverage industry accounted for the highest market share globally.
- Oxygen scavengers are used to extend the shelf life and maintain the natural efficacy of food products. They protect food products against oxygen degradation, thusincreasing the shelf life, customer acceptability, and safety of food products.
- The use of oxygen scavengers in packaging eliminates the need for preservatives, thereby improving the quality of product offered to the consumer.
- In developing countries, like India and China, the demand for packaged, processed, and ready-to-eat food is growing at a high rate, owing to urbanization and changing lifestyle.
- Hence, the food andbeverage industry is expected to dominate the market, during the forecast period.
Asia-Pacific to Witness the Highest Growth Rate
- The Asia-Pacific oxygen scavengers market is witnessing strong growth, owing to the increasing demand from countries, like India and China.
- The Chinese food and beverage industry is enormous and plays an important role in the country’s economy. The food and beverage industry is expected to register continuous growth, due to the increasing number of the middle-class population, with more purchasing power, as well as growing attention on food safety and food quality.
- China is a hub for chemical processing, accounting for a major chunk of the chemicals produced worldwide. With the increasing demand for various chemicals worldwide, the demand for oxygen scavengers from this sector is projected to grow over the forecast period.
- Moreover, the consumption of oxygen scavengers is high in oil and gas, and the downstream production has increased in the country, further increasing the production capacities of petrochemicals, thus augmenting the consumption of oxygen scavengers in the country.
- India is the second-largest producer of food in the world, and one of the major consumers of packaged food and beverages. Increasing population and rising demand for packaged foods and flexible packaging are boosting the demand for oxygen scavengers.
- Hence, Asia-Pacific may witness the highest growth rate during the forecast period, owing to the aforementioned factors.
Oxygen Scavengers Industry Overview
The market for oxygen scavengers is partially fragmented, as the market share is divided among several companies. Some of the key players of the market include BASF SE, MITSUBISHI GAS CHEMICAL COMPANY INC., Ecolab, Arkema, and Clariant, among others.
Oxygen Scavengers Market Leaders
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BASF SE
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MITSUBISHI GAS CHEMICAL COMPANY INC.
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Ecolab
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Clariant
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Arkema
*Disclaimer: Major Players sorted in no particular order
Oxygen Scavengers Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand for Fresh and Quality Packaged Food
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Non-volatile Nature of Oxygen Scavengers
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Metallic Oxygen Scavengers
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5.1.2 Non-metallic Oxygen Scavengers
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5.2 End-user Industry
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5.2.1 Food and Beverage
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5.2.2 Pharmaceutical
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5.2.3 Power
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5.2.4 Oil and Gas
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5.2.5 Chemical
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5.2.6 Pulp and Paper
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5.2.7 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 ASEAN Countries
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5.3.1.6 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 France
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5.3.3.3 United Kingdom
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5.3.3.4 Italy
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5.3.3.5 Rest of the Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle East & Africa (MEA)
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Accepta Ltd
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6.4.2 Arkema Group
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6.4.3 BASF SE
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6.4.4 Clariant
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6.4.5 Kemira
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6.4.6 Mitsubishi Gas Chemical Company Inc.
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6.4.7 Solenis
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6.4.8 Solvay America Inc.
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6.4.9 SUEZ
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Demand from Industrial Boilers
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Oxygen Scavengers Industry Segmentation
The oxygen scavengers market report includes:
| Type | |
| Metallic Oxygen Scavengers | |
| Non-metallic Oxygen Scavengers |
| End-user Industry | |
| Food and Beverage | |
| Pharmaceutical | |
| Power | |
| Oil and Gas | |
| Chemical | |
| Pulp and Paper | |
| Others |
| Geography | ||||||||
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Oxygen Scavengers Market Research FAQs
What is the current Oxygen Scavengers Market size?
The Oxygen Scavengers Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Oxygen Scavengers Market?
BASF SE, MITSUBISHI GAS CHEMICAL COMPANY INC., Ecolab, Clariant and Arkema are the major companies operating in the Oxygen Scavengers Market.
Which is the fastest growing region in Oxygen Scavengers Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Oxygen Scavengers Market?
In 2024, the North America accounts for the largest market share in Oxygen Scavengers Market.
What years does this Oxygen Scavengers Market cover?
The report covers the Oxygen Scavengers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Oxygen Scavengers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Oxygen Scavengers Industry Report
Statistics for the 2023 Oxygen Scavengers market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Oxygen Scavengers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
