Oxygen Scavenger Market by Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022-2028
Global Oxygen Scavenger Market was valued at USD 1.98 billion in 2021 and is expected to reach USD 2.68 billion by the year 2028, at a CAGR of 4.4%.
Oxygen scavengers referred to as the oxygen absorbers, are used specially to overcome or eliminate oxygen from packaged foods and also in feed water for boiler systems. Oxygen scavengers are permanent chemical absorbers that belong to molecular oxygen that is utilized to defense or to control oxygen deterioration rate and to prevent wastage in packaged foods, beverages, pharmaceuticals, and medical devices. Oxygen scavengers are also utilized to prevent metal and alloy fabricated equipment from corrosion caused by dissolved oxygen in a steam boiler at atmospheric condition, as well as to control corrosion of industrial liquid separation processes such as in distillation, extraction, and in wastewater treatment plants where saltwater is generally manufactured in large quantity. Oxygen scavengers have numerous applications in the industrial sector. They not only help to retain the fresh-roasted flavor of coffee and nuts but also help in avoiding the oxidation of oleoresins existing in spices and seasoning foods. They also help in extending the life of pharmaceutical drugs. Oxygen scavengers can offer different benefits such as improving production efficiency, boosting operational reliability, and ensuring safety compliance along with environmental regulations.
The global Oxygen Scavenger market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Oxygen Scavenger market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Oxygen Scavenger Market study. Raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Oxygen Scavenger market trends, major leading countries/regions, market risk, and market driving force are all included in the market research. The market prediction was based on a thorough market investigation completed by several industry experts.
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• Guardian Chemicals Inc.
• Thermax Ltd
• Henkel AG & Co. KGaA
• Hydrite Chemical Co.
• TETRA Technologies Inc.
• SUEZ Water Technologies & Solutions and other major players.
Oxygen scavengers absorb trapped oxygen present inside sealed packaging. Generally, during packaging, these scavengers are used to prevent spoilage, mold growth, color change, rancidity, loss of nutritional values, and loss of overall product quality. These scavengers maintain the original food quality and extend the shelf life of the product.
Oxygen scavengers prevent the growth of aerobic pathogens and food spoilage organisms, degradation and rancidity of polyunsaturated fats and oils, oxidation of vitamins A, C, and E, and delay non-enzymatic browning fruits and some vegetables.
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA) • South America (Brazil, Argentina, Rest of SA)
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis 4.3 Market Dynamics
4.3.1 Drivers 4.3.2 Restraints 4.3.3 Opportunities 4.5.4 Challenges 4.4 Pestle Analysis 4.5 Technological Roadmap 4.6 Regulatory Landscape 4.7 SWOT Analysis 4.8 Price Trend Analysis 4.9 Patent Analysis
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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.
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For enclosed packaging, oxygen scavengers or oxygen absorbers are recommended to help eliminate or reduce the amount of oxygen. They contribute to the preservation of food standards as well as the extension of shelf life. Several types of oxygen absorbers are designed to meet a wide range of applications. The parameters of an oxygen absorber vary depending on the intended use, the water activity of the object being maintained, and other factors.
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