Brominated Vegetable Oil Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-2246 | Report Format : | Status : Upcoming |

Abstract

Brominated Vegetable Oil Market: Overview

Bromine is an element that is found naturally in the sea water and in the bromide salt. The brominated vegetable oil is a complex fusion of the triglycerides that are derived from the plants which react to contain the atoms of bromine bonded to the molecules. The basic use of the brominated vegetable oil is to emulsify the citrus flavor in the soft drinks.

Brominated Vegetable Oil Market: Facts

Sarah Kavanagh, a Mississippi teenager, filed petitions on Change.org demanding that Coca-Cola's Powerade and PepsiCo's Gatorade should eliminate the usage of the brominated vegetable oil. She further proposed that brominated vegetable oil is patented as a flame retardant in the regions such as Japan and the European Union and thus have disapproved its usage in the food and beverage industry. Thus the market players, Coca-Cola and PepsiCo, made efforts in eliminating the controversial ingredient from all of their drinks.

Brominated Vegetable Oil Market: Segmentation

The global market for the brominated vegetable oil is fragmented into its source and application. On the basis of source, the global market is segregated into corn and soy. On the basis of application, the market is categorized into beverages, pesticides, bakery products, and flame retardant. The beverages segment is further sub-segmented into sodas, sports drinks, and others.

Brominated Vegetable Oil Market: Growth Factors

The growth of the brominated vegetable oil will be moderate in the coming years. It is due to the fact that excessive consumption of the brominated vegetable oil is not safe. The extreme usage of the brominated vegetable oil causes problems such as memory loss, fatigue, ptosis of right eyelid, tremors, loss of muscles coordination, and headaches. The U.S. FDA limits the usage of the brominated vegetable oil to a limit of 15 ppm in the finished beverages. But there are several regions that have banned its usage in the beverages. The brominated vegetable oil is almost found majorly in the drinks with citrus flavor. The chemical companies make use of the brominated vegetable oil as the flame retardant thus banning its usage in the food industry.

Brominated Vegetable Oil Market: Regional Analysis

On the basis of regions, the global brominated vegetable oil market is categorized into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. The region that has the largest market share of the brominated vegetable oil market is North America and it is expected that this dominance in the market will continue in the coming years. Other regions such as Europe and Asia Pacific region are also contributing a good share in the growth of the brominated vegetable oil market. In Western Europe, it is Germany that holds the largest market share.

Brominated Vegetable Oil Market: Competitive Players

The key market players that are involved in the brominated vegetable oil market include Spectrum Chemical Manufacturing Corp., Parchem Fine & Specialty Chemicals, Penta Manufacturing Company, and others.

Brominated Vegetable Oil Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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