Deerfield Beach, FL, July 21, 2016 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “ Antioxidant BHT Market for Animal Feed, Food and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021” According to the report, the global antioxidant BHT market was valued at USD 197.86 million in 2015 and is expected to reach approximately USD 265.91 million by 2021, growing at a CAGR of around 5.10% between 2016 and 2021.
Antioxidants are generally termed as shelf-life extenders. BHT preserves aroma, taste, vitamins and color by preventing the oxidation of food fats & oils and its resulting rancidity. BHT is an excellent antioxidant used in blends with other food approved antioxidants including BHA, phosphoric acid, citric acid, and propyl gallate. Moreover, BHT is used predominantly in the production of plastics and is also an important ingredient in rubber, elastomer and styrene production. It is also used in lubricating oils, gasoline, specialty oils and synthetic lubricants, as well as in food, feed and forage products.
Browse the full " Antioxidant BHT Market for Animal Feed, Food and Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021 " report at http://www.marketresearchstore.com/report/ant...ket-z66354
The demand-driving factors of the antioxidants BHT market are the globally increasing prices of feed, and the increasing use of antioxidants in improving the animals’ disease resistance. Moreover, expansion of food and pharmaceutical industries is expected to augment antioxidant BHT market growth over the projected period. Long-term exposure to high doses of BHT is toxic and it may cause liver, kidney and thyroid problems and also affecting lung function and blood coagulation. However, harmful effect of BHT may hamper the market growth within the forecast period. Nevertheless, ongoing research to enhance BHT antioxidant properties is expected to open up new growth opportunities over the next few years.
Based on application, the antioxidant BHT market can be segmented into animal feed, food and others (cosmetics, pharmaceuticals, rubber, electrical transformer oil, fuel additive, etc.). Food dominated the market with over 48% share of the total market in 2015. Antioxidant BHT helps in reducing the rate of oxidation of feed, thus preventing wastage of feed. This helps the farmer to bring down feed costs. Thus, food segment is expected to exhibit significant growth in the years to come. Animal feed is another leading segment of antioxidant BHT market and is expected to show strong growth in the near future. Other applications like cosmetics, rubber etc also expected to witness significant growth over the forecast period.
Browse 27 Market Tables and 26 Figures spread through 68 Pages and an in-depth TOC on "Antioxidant BHT Market - Global Size, Shares, Trends, Segment & Forecast to 2020”
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Asia Pacific’s dominance in the antioxidant BHT market is projected to continue in the years to come, primarily driven by China and India. This growth is mainly attributed to strong economic growth coupled with increasing demand from food and automotive industry. The Asia Pacific antioxidants BHT market is expected to expand at 5.8% CAGR in between 2016 to 2021. The China over the last decade has emerged as the largest consumer of antioxidant BHT market.
Europe is another key market in the global antioxidant BHT market. Growing preference towards natural synthetics is a key trend boosting up the market in this region. Europe accounted for over 15% market share of total revenue generated in 2015. The strong manufacturing base of pork meat in this region especially in UK, France, and Germany is expected to raise the availability of livestock and in turn, will boost market growth in the years to come.
North America is expected to be a substantial growing regional market in the coming years. The US is expected to continue to dominate the North America antioxidant BHT market. Increasing consumption of red meat in Mexico is expected to have a positive impact on the growth of the market. Furthermore, ongoing research to offer innovative products may open up new growth avenues in the years to come.
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Middle East & Africa is estimated to witness significant growth during the forecast period. Increasing demand for packaged food coupled with increasing demand for animal feed have in turn made the region a potential growth of antioxidant BHT market. Latin America another key region expected to exhibit moderate growth in the years to come. The Latin America antioxidant BHT market is led by Brazil. Also, rising demand for meat as a source of protein is expected to drive the market growth in the near future.
Some of the key players in antioxidant BHT market such as Caldic, Cargill, LANXESS, Impextraco, Perstorp Group, Merisol USA LLC, Milestone Preservatives Private Limited, Eastman Chemical Company, Oxiris Chemicals S.A., Nova International, Feiya Chemical Industry Co., Ltd., JiYi Chemical (Beijing) Co. Ltd and NanJing LongYan Chemical Co. Ltd.
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