Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.87 Billion | USD 7.03 Billion | 6.3% | 2024 |
The global brominated vegetable oil market size was worth around USD 3.87 Billion in 2024 and is predicted to grow to around USD 7.03 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 6.3% between 2025 and 2034.
The report analyzes the global brominated vegetable oil market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the brominated vegetable oil industry.
Brominated vegetable oil (BVO) is a complex mixture of triglycerides derived from plants that have bromine atoms attached to the molecules. Brominated vegetable oil is primarily used to emulsify citrus-flavored soft beverages and prevent separation during transportation. The drinks contain fatty citrus flavors such as orange, lemon, lime, and grapefruit. These flavors do not blend evenly and float to the top of the glass when added to a beverage. These aren't being disseminated properly. The emulsifier in brominated vegetable oil aids in the appropriate blending of the citrus taste in the soft drink.
In certain countries, the use of brominated vegetable oil in sodas is prohibited. Bromine, one of BVO's constituents, has been related to health problems. Bromine can irritate the skin and mucous membranes (the moist lining of the nose, mouth, lungs, and stomach). Long-term exposure can cause headaches, memory loss, and a loss of balance or coordination, among other neurological problems.
Extensive use in the beverage industry
The element is present in the majority of beverages. The oil may be present in about 10% of all soda products sold in the country, with citrus-flavored beverages being the most common. The global brominated vegetable oil market is expected to expand at a single-digit rate in the coming years.
Excessive consumption of brominated vegetable oil is not safe to be used as a food additive
Memory loss, tremors, weariness, lack of muscle coordination, ptosis of the right eyelid, and headaches have all been linked to excessive use of brominated vegetable oil. Chemical companies use the trademarked molecule as a flame retardant, which has resulted in its use in food being banned in Europe and Japan.
The global brominated vegetable oil market is segregated based on source and application.
By source, the market is classified into Soy and Corn. Brominated vegetable oil (BVO) is vegetable oil, derived from corn or soy, and bonded with the element bromine.
By Application, the market is classified into Beverages, Sports Drinks, Sodas, Others, Bakery Products, Pesticides, and Flame retardants. Sports drinks, sodas, and other beverages have been divided into subcategories. Due to rising product consumption among consumers, the beverage category will account for the highest share of market growth.
Report Attributes | Report Details |
---|---|
Report Name | Brominated Vegetable Oil Market |
Market Size in 2024 | USD 3.87 Billion |
Market Forecast in 2034 | USD 7.03 Billion |
Growth Rate | CAGR of 6.3% |
Number of Pages | 110 |
Key Companies Covered | Penta Manufacturing Company, Parchem Fine & Specialty Chemicals, Spectrum Chemical Manufacturing Corp, and others. |
Segments Covered | By Source, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is the largest market for brominated vegetable oil, and it is likely to remain so throughout the projection period. This could be due to the strong demand for various beverages in the region, which has boosted sales of brominated vegetable oil. The Asia Pacific area, which is home to the world's second-largest brominated vegetable oil market, is predicted to grow fast due to rising population and bakery product output. Growing economies such as India and China are primarily responsible for the demand created in this region. In Western Europe, Germany is expected to have the biggest proportion.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the brominated vegetable oil market on a global and regional basis.
The global brominated vegetable oil market is dominated by players like:
The global brominated vegetable oil market is segmented as follows;
By Source
By Application
By Region
FrequentlyAsked Questions
Leading players in the global brominated vegetable oil market include Penta Manufacturing Company, Parchem Fine & Specialty Chemicals, Spectrum Chemical Manufacturing Corp, among others.
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