The Latin America, Middle East and Africa Butylated Hydroxytoluene Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 5,627.5 Tonnes, showcasing a growth of 7.0% (2023-2030).
The growing awareness among customers about the impact of synthetic additives on health has prompted a shift towards natural and healthier alternatives. This factor has the potential to influence purchasing decisions and shape the demand for BHT in the market. Ongoing research and development activities focus on enhancing BHT's properties and applications. Collaborations between academic institutions, research organizations, and industry players drive innovation in BHT formulations, contributing to its continued relevance in various sectors.
Moreover, the interconnectedness of supply chains has become a prominent factor driving the demand for antioxidants like BHT. As products travel across borders, effective preservatives to maintain quality during transportation and storage become paramount. BHT's ability to extend the shelf life of various products positions it as a crucial component in the supply chain, contributing to its market expansion. Collaborations between industry players, research institutions, and academia foster innovation in BHT formulations and applications. Strategic partnerships allow for the pooling of resources and expertise, accelerating the development of new products and expanding market presence.
According to the US Department of Agriculture, the UAE imported $12.5 billion in consumer-oriented products in 2022, accounting for 59 percent of total Agricultural imports. BHT helps prevent the rancidity of fats and oils in processed foods. This is crucial for ensuring that food products' taste and nutritional content remain intact, meeting consumer expectations for quality. Expanding the frozen and packaged food sector requires effective preservatives to maintain product quality. BHT plays a role in preventing oxidative deterioration, making it suitable for use in frozen and packaged food products. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Butylated Hydroxytoluene Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,501.7 Thousands by 2030. The Argentina market is showcasing a CAGR of 8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.1% during (2023 - 2030).
Free Valuable Insights: The Worldwide Butylated Hydroxytoluene Market is Projected to reach USD 335.5 Million by 2030, at a CAGR of 5.4%
Based on Grade, the market is segmented into Technical Grade, and Food Grade. Based on End-use, the market is segmented into Plastic & Rubber, Food & Beverage, Personal Care, Animal Feed, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Grade (Volume, Tonnes, USD Million, 2019-2030)
By End-use (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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