Report Detail
Global Brominated Vegetable Oil Market Report 2018-2029
- RnM3875667 |
- 22 August, 2023 |
- Global |
- 152 Pages |
- HJResearch |
- Other
Brominated vegetable oil (BVO) is a complex mixture of plant-derived triglycerides that have been reacted with bromine. It is a yellowish-brown liquid that has a density greater than water and is highly soluble in oils. BVO is mainly used as an emulsifier in several food and beverage products, including soft drinks, sports drinks, and citrus-flavored beverages. Apart from its role as an emulsifier, BVO is also used as a flame retardant in plastics and textiles and as a pesticide.
The global BVO market size is expected to reach USD 2,829.7 million by 2022, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period. The increasing demand for BVO in various end-use industries such as beverages, pesticides, bakery products, and flame retardants is driving the market growth. The use of BVO in soft drinks and sports drinks as an emulsifier has acted as a significant driver for the industry. The trend towards natural ingredients in the food & beverage industry may pose a challenge to the growth of the BVO market. However, the versatility of BVO and its unique properties make it a valuable ingredient in many applications.
Beverages account for the largest market share in the BVO industry. BVO is used extensively in the production of many carbonated and non-carbonated soft drinks and sports drinks, where it acts as an emulsifier and helps to prevent the separation of flavoring oils. The use of BVO in sports drinks is growing rapidly due to its ability to enhance the suspension of flavoring agents, making them more palatable. Its use in bakery products is also increasing due to its ability to improve dough stability and shelf-life.
The pesticide industry is another significant consumer of BVO, which is used in the production of insecticides and fungicides. BVO-based pesticides are effective in controlling a wide range of pests and diseases, making them popular with farmers and growers worldwide. The use of BVO in flame retardants is also increasing, particularly in the plastics industry, where it is used to reduce the flammability of plastics.
The major global manufacturers of BVO include Spectrum Chemical Manufacturing Corp., Parchem Fine & Specialty Chemicals, and Penta Manufacturing Company. These companies are investing in research and development to create innovative products and expand their product portfolios to stay ahead of the competition.
In conclusion, the BVO industry is an essential part of the food and beverage, pesticide, and plastics industries. Its versatility and unique properties make it a valuable ingredient in many applications. The market for BVO is expected to grow at a steady rate due to its increasing demand in various end-use industries. However, the trend towards natural ingredients in the food & beverage industry may pose a challenge to the growth of the BVO market. Manufacturers need to remain innovative and responsive to market trends to tap into emerging opportunities and stay competitive.
The SWOT analysis of the Brominated Vegetable Oil industry is as follows:
Strengths:
Versatile: Brominated vegetable oil (BVO) has a wide range of applications in the food and beverage, pesticide, and plastics industries, making it a versatile ingredient.
Cost-effective: BVO is a relatively inexpensive ingredient, making it an attractive choice for manufacturers looking to reduce production costs.
Efficient: BVO acts as an emulsifier and a flame retardant, contributing to product quality and safety.
Weaknesses:
Health concerns: The use of BVO in food and beverages has been associated with potential health risks, including adverse effects on thyroid function and skin irritation.
Natural ingredient trend: The trend towards natural ingredients in the food and beverage industry may lead to reduced demand for BVO in certain applications.
Limited availability: The supply of BVO may be limited due to the availability of raw materials, which could impact product pricing and availability.
Opportunities:
Sustainable alternatives: The increasing demand for sustainable ingredients in various industries presents opportunities for manufacturers to develop alternative products to BVO that meet sustainability goals.
Regulatory compliance: Stringent regulations on food safety and packaging material standards may present opportunities for manufacturers that produce BVO-based products that meet regulatory requirements.
Emerging markets: The growing demand for soft drinks and non-carbonated beverages in emerging markets presents opportunities for manufacturers to expand their BVO-based product offerings.
Threats:
Competition: The BVO industry is highly competitive with many established players and new entrants, which may affect sales and revenue.
Regulatory challenges: Changing regulations on food safety and packaging material standards may pose a threat to the BVO industry, leading to compliance issues.
Negative publicity: Publicity surrounding the potential health risks associated with BVO consumption may negatively impact consumer perception and demand for BVO-based products.
Key players in global Brominated Vegetable Oil market include:
Spectrum Chemical Manufacturing Corp.
Parchem Fine & Specialty Chemicals
Penta Manufacturing Company
Market segmentation, by product types:
Corn
Bean
Other
Market segmentation, by applications:
Beverages
Pesticides
Bakery Products
Flame Retardant
1 Industry Overview of Brominated Vegetable Oil
- 1.1 Research Scope
- 1.2 Market Segmentation by Types of Brominated Vegetable Oil
- 1.3 Market Segmentation by End Users of Brominated Vegetable Oil
- 1.4 Market Dynamics Analysis of Brominated Vegetable Oil
- 1.4.1 Market Drivers
- 1.4.2 Market Challenges
- 1.4.3 Market Opportunities
- 1.4.4 Porter’s Five Forces
2 Major Manufacturers Analysis of Brominated Vegetable Oil Industry
- 2.1 Spectrum Chemical Manufacturing Corp.
- 2.1.1 Company Overview
- 2.1.2 Main Products and Specifications
- 2.1.3 Brominated Vegetable Oil Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.1.4 Contact Information
- 2.2 Parchem Fine & Specialty Chemicals
- 2.2.1 Company Overview
- 2.2.2 Main Products and Specifications
- 2.2.3 Brominated Vegetable Oil Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.2.4 Contact Information
- 2.3 Penta Manufacturing Company
- 2.3.1 Company Overview
- 2.3.2 Main Products and Specifications
- 2.3.3 Brominated Vegetable Oil Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.3.4 Contact Information
3 Global Brominated Vegetable Oil Market Analysis by Regions, Manufacturers, Types and End Users
- 3.1 Global Sales Volume and Revenue of Brominated Vegetable Oil by Regions (2018-2023)
- 3.2 Global Sales Volume and Revenue of Brominated Vegetable Oil by Manufacturers (2018-2023)
- 3.3 Global Sales Volume and Revenue of Brominated Vegetable Oil by Types (2018-2023)
- 3.4 Global Sales Volume and Revenue of Brominated Vegetable Oil by End Users (2018-2023)
- 3.5 Selling Price Analysis of Brominated Vegetable Oil by Regions, Manufacturers, Types and End Users in (2018-2023)
4 Northern America Brominated Vegetable Oil Market Analysis by Countries, Types and End Users
- 4.1 Northern America Brominated Vegetable Oil Sales Volume and Revenue Analysis by Countries (2018-2023)
- 4.2 Northern America Brominated Vegetable Oil Sales Volume and Revenue Analysis by Types (2018-2023)
- 4.3 Northern America Brominated Vegetable Oil Sales Volume and Revenue Analysis by End Users (2018-2023)
- 4.4 United States Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 4.5 Canada Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5 Europe Brominated Vegetable Oil Market Analysis by Countries, Types and End Users
- 5.1 Europe Brominated Vegetable Oil Sales Volume and Revenue Analysis by Countries (2018-2023)
- 5.2 Europe Brominated Vegetable Oil Sales Volume and Revenue Analysis by Types (2018-2023)
- 5.3 Europe Brominated Vegetable Oil Sales Volume and Revenue Analysis by End Users (2018-2023)
- 5.4 Germany Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.5 France Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.6 UK Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.7 Italy Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.8 Russia Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.9 Spain Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.10 Netherlands Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6 Asia Pacific Brominated Vegetable Oil Market Analysis by Countries, Types and End Users
- 6.1 Asia Pacific Brominated Vegetable Oil Sales Volume and Revenue Analysis by Countries (2018-2023)
- 6.2 Asia Pacific Brominated Vegetable Oil Sales Volume and Revenue Analysis by Types (2018-2023)
- 6.3 Asia Pacific Brominated Vegetable Oil Sales Volume and Revenue Analysis by End Users (2018-2023)
- 6.4 China Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.5 Japan Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.6 Korea Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.7 India Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.8 Australia Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.9 Indonesia Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.10 Vietnam Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7 Latin America Brominated Vegetable Oil Market Analysis by Countries, Types and End Users
- 7.1 Latin America Brominated Vegetable Oil Sales Volume and Revenue Analysis by Countries (2018-2023)
- 7.2 Latin America Brominated Vegetable Oil Sales Volume and Revenue Analysis by Types (2018-2023)
- 7.3 Latin America Brominated Vegetable Oil Sales Volume and Revenue Analysis by End Users (2018-2023)
- 7.4 Brazil Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.5 Mexico Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.6 Argentina Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.7 Colombia Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8 Middle East & Africa Brominated Vegetable Oil Market Analysis by Countries, Types and End Users
- 8.1 Middle East & Africa Brominated Vegetable Oil Sales Volume and Revenue Analysis by Countries (2018-2023)
- 8.2 Middle East & Africa Brominated Vegetable Oil Sales Volume and Revenue Analysis by Types (2018-2023)
- 8.3 Middle East & Africa Brominated Vegetable Oil Sales Volume and Revenue Analysis by End Users (2018-2023)
- 8.4 Turkey Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.5 Saudi Arabia Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.6 South Africa Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.7 Egypt Brominated Vegetable Oil Sales Volume, Revenue, Import and Export Analysis (2018-2023)
9 Marketing Channel, Distributors and Traders Analysis
- 9.1 Marketing Channel
- 9.1.1 Direct Channel
- 9.1.2 Indirect Channel
- 9.2 Distributors and Traders
10 Global Brominated Vegetable Oil Market Forecast by Regions, Countries, Manufacturers, Types and End Users
- 10.1 Global Sales Volume and Revenue Forecast of Brominated Vegetable Oil by Regions (2024-2029)
- 10.2 Global Sales Volume and Revenue Forecast of Brominated Vegetable Oil by Types (2024-2029)
- 10.3 Global Sales Volume and Revenue Forecast of Brominated Vegetable Oil by End Users (2024-2029)
- 10.4 Global Revenue Forecast of Brominated Vegetable Oil by Countries (2024-2029)
- 10.4.1 United States Revenue Forecast (2024-2029)
- 10.4.2 Canada Revenue Forecast (2024-2029)
- 10.4.3 Germany Revenue Forecast (2024-2029)
- 10.4.4 France Revenue Forecast (2024-2029)
- 10.4.5 UK Revenue Forecast (2024-2029)
- 10.4.6 Italy Revenue Forecast (2024-2029)
- 10.4.7 Russia Revenue Forecast (2024-2029)
- 10.4.8 Spain Revenue Forecast (2024-2029)
- 10.4.9 Netherlands Revenue Forecast (2024-2029)
- 10.4.10 China Revenue Forecast (2024-2029)
- 10.4.11 Japan Revenue Forecast (2024-2029)
- 10.4.12 Korea Revenue Forecast (2024-2029)
- 10.4.13 India Revenue Forecast (2024-2029)
- 10.4.14 Australia Revenue Forecast (2024-2029)
- 10.4.15 Indonesia Revenue Forecast (2024-2029)
- 10.4.16 Vietnam Revenue Forecast (2024-2029)
- 10.4.17 Brazil Revenue Forecast (2024-2029)
- 10.4.18 Mexico Revenue Forecast (2024-2029)
- 10.4.19 Argentina Revenue Forecast (2024-2029)
- 10.4.20 Colombia Revenue Forecast (2024-2029)
- 10.4.21 Turkey Revenue Forecast (2024-2029)
- 10.4.22 Saudi Arabia Revenue Forecast (2024-2029)
- 10.4.23 South Africa Revenue Forecast (2024-2029)
- 10.4.24 Egypt Revenue Forecast (2024-2029)
11 Industry Chain Analysis of Brominated Vegetable Oil
- 11.1 Upstream Major Raw Materials and Equipment Suppliers Analysis of Brominated Vegetable Oil
- 11.1.1 Major Raw Materials Suppliers with Contact Information Analysis of Brominated Vegetable Oil
- 11.1.2 Major Equipment Suppliers with Contact Information Analysis of Brominated Vegetable Oil
- 11.2 Downstream Major Consumers Analysis of Brominated Vegetable Oil
- 11.3 Major Suppliers of Brominated Vegetable Oil with Contact Information
- 11.4 Supply Chain Relationship Analysis of Brominated Vegetable Oil
12 Brominated Vegetable Oil New Project Investment Feasibility Analysis
- 12.1 Brominated Vegetable Oil New Project SWOT Analysis
- 12.2 Brominated Vegetable Oil New Project Investment Feasibility Analysis
- 12.2.1 Project Name
- 12.2.2 Investment Budget
- 12.2.3 Project Product Solutions
- 12.2.4 Project Schedule
13 Brominated Vegetable Oil Research Findings and Conclusion
14 Appendix
- 14.1 Research Methodology
- 14.2 References and Data Sources
- 14.2.1 Primary Sources
- 14.2.2 Secondary Paid Sources
- 14.2.3 Secondary Public Sources
- 14.3 Abbreviations and Units of Measurement
- 14.4 Author Details
Summary:
Get latest Market Research Reports on Brominated Vegetable Oil. Industry analysis & Market Report on Brominated Vegetable Oil is a syndicated market report, published as Global Brominated Vegetable Oil Market Report 2018-2029. It is complete Research Study and Industry Analysis of Brominated Vegetable Oil market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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