The global market for oxygen scavenger is projected to have a CAGR of around 4.6% during the forecast period. Oxygen scavenger aids in extending shelf life and product safety by preventing oxidation. They are added to food packaging to limit the level of oxygen to preserve the freshness, flavours, and stability of packaged products. The rising demand for fresh and quality packaged food is the major factor augmenting the growth of the market. The growing concern over the reduction of food wastage creates the demand for oxygen scavenger to store them for a longer period of time. According to the United States, Environmental Protection Agency wasted food costs the commercial food service industry roughly $100 billion annually. Furthermore, according to the GRACE Communications Foundation statistics, US restaurants generate an estimated 22 to 33 billion pounds of food waste each year, and approximately 4 to 10% of food purchased by restaurants is wasted before reaching the consumer.
Due to the rising demand for quality foods, there are new product innovations in the market and more and more manufacturers are inclined towards the development of less toxic scavengers with an increasing range of applications. Moreover, the accidental ingestion of the sachet (a permeable used to pack oxygen scavengers) by consumers and potential spill/leak of the sachet contents into food is the major constrain associated oxygen scavenger. The safety concerns related to the handling of oxygen scavengers are also a restraining factor in the market growth. Besides, the new products innovations and rising demands from emerging economies can create lucrative opportunities in the global oxygen scavenger market.
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Market Coverage
- Market number available for – 2021-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Oxygen Scavenger Market Report Segment
By Type
- Metallic
- Non-Metallic
By End-User
- Food Packaging
- Pharmaceuticals
- Industrial/Metal
- Chemicals
- Others (Microbiology)
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Oxygen Scavenger Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
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