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Oxygen Scavenger Market Worldwide Industry Analysis, Future Demand and Forecast till 2029

09-06-2023 03:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Oxygen Scavenger Market Worldwide Industry Analysis, Future

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.

To Request a Sample of our Report on Lawn and Garden Consumables Market: https://www.omrglobal.com/request-sample/oxygen-scavenger-market

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)
A full report of Oxygen Scavenger Market available @ https://www.omrglobal.com/industry-reports/oxygen-scavenger-market

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

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/oxygen-scavenger-market

https://www.somosxbox.com.mx/noticias-urgente/el-mercado-de-agitadores-industriales-generara-ingresos-record-para-2029/124630/
https://perualdia.net/el-mercado-de-seguridad-de-sistemas-de-control-industrial-experimentara-un-rapido-crecimiento-para-2029/
https://ekz-crosstour.ch/news/der-marktwert-von-medienueberwachungstools-wird-voraussichtlich-bis-2029-steigen/133711/

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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