Reports

- Global Locations -

Headquarters

Future Market Insights, Inc.

Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States

T: +1-845-579-5705

Americas

Future Market Insights, Inc.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States

T: +1-347-918-3531

MEA

Future Market Insights

1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

Europe

Future Market Insights

3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom

T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268

Asia Pacific

Future Market Insights

IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India

Brominated Vegetable Oil Market Outlook

According to research by Future Market Insights, The Brominated Vegetable Oil market is anticipated to expand at a CAGR of 3.90%during the forecasted period. According to Forecasts, the market would be worth US$ 1,046.0 Million by 2033, up from US$ 713.5 Million in 2023.

Market size value in 2023

US$ 713.5 Million

Market forecast value in 2033

US$ 1,046.0 Million

Forecast period

2023 to 2033

Global growth rate (CAGR)

3.90%

Share of Germany in The Brominated Vegetable Oil Market

22.10%

Bromine is an element that occurs naturally and is commonly found in sea water and bromide salt. Brominated vegetable oil is a mixture of plant-derived triglycerides that have been reacted to include atoms of the component bromine attached to the molecule. Brominated vegetable oil is primarily used to prevent citrus-flavoured soft drinks from splitting during distribution. The ingredient is mostly found in soft drinks.

The Coca-Cola Company and PepsiCo both use brominated vegetable oil in their aerated drinks. Most countries around the world use brominated vegetable oil. However, these are prohibited in a number of countries, including Europe, India, and Japan. Coca-Cola and PepsiCo agreed to remove brominated vegetable oil from all of their beverages in response to public pressure.

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Historical outlook Vs Future forecasts for Brominated Vegetable Oil

According to Future Market Insights, the Brominated Vegetable Oil market was growing at a CAGR of 5.20% to reach USD 678.2 million in 2022 from USD 553.7 million in 2018.

The FDA in the United States has set a limit of 15 pm for the use of brominated vegetable oil in finished beverages. However, the majority of countries in Europe, Asia, South America, and Australia have prohibited its use in beverages. The element is used in the majority of beverages in the United States. The oil is found in nearly 10% of the soda products available in the country, primarily in citrus-flavored beverages. The global brominated vegetable oil market is expected to grow in the single digits.

Country wise insights

How North America Holds the Largest Market Share in The Brominated Vegetable Oil market?

The Brominated Vegetable Oil market is an ever-expanding industry that has seen a steady growth in the past few years. North America has played a major role in this growth, with the region holding the largest share of the market. The region holds 33% of global Brominated Vegetable Oil market share, and is expected to further grow due to its large demand for processed food and beverages.

This dominance of North American markets can be attributed to various factors such as higher consumption of packaged food and beverage products, rising disposable income levels, increased purchasing power parity, and more health awareness among consumers. Additionally, many companies are investing in research and development activities related to bromine derivatives as they offer multiple advantages over traditional vegetable oils. This has resulted in a larger number of innovations within this sector which have been beneficial for both manufacturers and end-users alike.

What makes Europe an Attractive Market for The Brominated Vegetable Oil?

Europe is an attractive market for the Brominated Vegetable Oil (BVO), as it provides a vast customer base with large potential. BVO has been approved for use in various countries across Europe, including the UK, France, Germany and Italy. This makes it easier for manufacturers to access the European market with their products containing this oil.

One of the main reasons why Europe is such an intriguing option for BVO producers is due to its open economy and free trade policies. This allows manufacturers to easily import and export their products within the European Union without having to face any tariff or non-tariff barriers. Additionally, strong regulations regarding food safety provide ample assurance that consumers can trust that what they are buying is safe and of high quality.

Europe has stringent environmental standards which helps protect customers from potentially harmful byproducts of production processes involving BVO oils.

Why is Asia Pacific Emerging as an Opportunistic The Brominated Vegetable Oil Market?

Asia Pacific is emerging as an opportunistic market for Brominated Vegetable Oil, making it a key area of growth in the global industry. Touted as a safe and cost-effective solution for food manufacturers, BVO has been used as an emulsifier and stabilizer in a number of products ranging from juices to sports drinks. As consumer demand rises for healthier options, the Asia Pacific region is becoming renowned for its unique approach to incorporating BVO into their food supply chain while also meeting regulatory standards.

The Asia Pacific region holds immense potential when it comes to brominated vegetable oil production due to its large population base and varied dietary habits. The increasing health consciousness across the region is driving greater demand for natural ingredients such as BVO which can be used without any adverse health effects.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Category wise insights

How is the Beverages Industry Supporting Growth of the Brominated Vegetable Oil Market?

The beverages industry has played a key role in the growth of the brominated vegetable oil (BVO) market over recent years. BVO is used as an emulsifier and stabilizer in various beverages, such as sodas, fruit drinks, and energy drinks. As demand for these types of beverages continues to rise, so too does the demand for BVO.

The use of BVO helps to create a smoother consistency in certain liquids and also prevents separation which can occur when different ingredients are mixed together. This enables beverage manufacturers to produce more efficient products that have a longer shelf life. Additionally, it increases product stability which leads to improved customer satisfaction rates as well as cost savings for manufacturers due to reduced waste from spoilage or contamination.

By Application, which Category will experience Maximum the Brominated Vegetable Oil growth?

Brominated Vegetable Oil (BVO) is a food additive that is used as an emulsifier in certain processed foods and beverages. It has been a contentious ingredient due to its potential health risks, leading to many countries banning or severely regulating its use. As the debate surrounding BVO continues, the question of which category will experience the most growth in use remains.

An analysis of current trends and consumer preferences suggest that there are two categories that could potentially experience maximum BVO growth: drinks and snacks. Drinks such as flavored sodas and energy drinks often contain BVO to help keep flavorings from separating from the liquid base. Similarly, snack products such as chips and crackers also rely on BVO for texture consistency between batches.

Competitive landscape

The Brominated Vegetable Oil market is a highly competitive landscape, with many companies vying for a share of the market. BVO is used in several food and beverage products as an emulsifier, preservative, and stabilizer. Companies such as Cargill and Archer Daniels Midland are leading suppliers of BVO to producers. They offer a wide range of product options with different concentrations and qualities that suit different production needs.

Synutra International, Inc., Kraft Foods Group, Inc.,

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

These are some of the major players in the Brominated Vegetable Oil market

  • Synutra International
  • Kraft Foods Group, Inc
  • Kerry Ingredients & Flavours
  • Abitec Corporation
  • Watson Inc.
  • Advanced Food Systems Inc.
  • Aarhuskarlshamn AB
  • Firmenich SA
  • BASF Company
  • Eurobio Lab
  • The Good Scents Company
  • DeWolf Chemical
  • COSME ITALY

Brominated Vegetable Oil market report scope

Attribute

Details

Forecast period

2023 to 2033

Historical data available for

2018 to 2022

Market analysis

USD million in value

Key regions covered

  • North America
  • Eastern Europe
  • Western Europe
  • Japan
  • South America
  • Asian pacific
  • Middle east and Africa

Key countries covered

  • USA
  • Germany
  • France
  • Italy
  • Canada
  • United Kingdom
  • Spain
  • China
  • India
  • Australia

Key segments covered

  • Source
  • Application
  • Distribution channel
  • Region

Key companies profiled

  • Synutra International
  • Kraft Foods Group, Inc
  • Kerry Ingredients & Flavours
  • Abitec Corporation
  • Watson Inc.
  • Advanced Food Systems Inc.
  • Aarhuskarlshamn AB
  • Firmenich SA
  • BASF Company
  • Eurobio Lab
  • The Good Scents Company
  • DeWolf Chemical
  • COSME ITALY

Report coverage

  • Market Forecast
  • Company Share Analysis
  • DROT Analysis
  • Market Dynamics
  • Competitive Landscape
  • Challenges
  • Strategic Growth Initiatives

Customization and Pricing

Available upon request

Brominated Vegetable Oil market segmentation

By Source:

  • soy
  • corn

By Application:

  • Beverages
  • sports drinks
  • Sodas
  • Baker products
  • Pesticides
  • flame retardant

By distribution channel:

  • Online
  • Offline

By region:

  • north America
  • Latin America
  • Asia pacific
  • eastern Europe
  • western Europe
  • Japan

Frequently Asked Questions

How big is the Brominated Vegetable Oil market?

The Brominated Vegetable Oil market size is assessed to US$ 713.5 Million in 2023.

At What Rate is Brominated Vegetable Oil market expected to rise?

The Brominated Vegetable Oil market is expected to rise at a CAGR of 3.90%.

Which are the major countries driving demand for Brominated Vegetable Oil market?

USA, China, Canada, Germany, China, India, United Kingdom, Australia are the major countries driving demand for Brominated Vegetable Oil market.

At what rate will the China Brominated Vegetable Oil market grow?

China Brominated Vegetable Oil market is projected to grow at a CAGR of around 3.3% over the next ten years.

What is the market share of Germany Brominated Vegetable Oil market?

Market share of Germany in Brominated Vegetable Oil market is about 22.10% of the global market.

Who are the top 5 players operating in the market?

Nutragreen Biotechnology Co., Xi'An Sanwei Biotechnology Co., Mountain Rose Herbs, Z Natural Foods, LLC. are expected to be the top players driving the market growth.

What is the demand outlook forecast for the Brominated Vegetable Oil market?

The global Brominated Vegetable Oil market is forecasted to surpass US$ 1,046.0 Million by the end of 2033.

Recommendations

Food and Beverage

Industry Analysis of Essential Oil and Oleoresin in Asia Pacific

Published : March 2024

Food and Beverage

Cold-pressed Oil Market

Published : March 2024

Food and Beverage

Strawberry Seed Oil Market

Published : December 2022

Food and Beverage

Cottonseed Oil Market

Published : November 2018

Explore Food and Beverage Insights

View Reports

Brominated Vegetable Oil Market

Schedule a Call