Rising Food And Beverage Industry Demand Fueling Oxygen Scavenger Market Growth Driving Market Acceleration in the Oxygen Scavenger Industry, 2025

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How Large Will the Oxygen Scavenger Market Size By 2025?
In recent years, there has been a robust growth in the market size of oxygen scavengers. The market, which stood at $2.6 billion in 2024, is predicted to rise to $2.81 billion in 2025. This signifies a compound annual growth rate (CAGR) of 7.8%. The causes for the growth observed in the historic period include food preservation, the pharmaceutical sector, the beverage sector, the chemical industry, and environmental regulations.

How Big Is the Oxygen Scavenger Market Size Expected to Grow by 2029?
The market size for oxygen scavenger is anticipated to witness substantial growth in the coming years, with projections reaching $3.96 billion by 2029, displaying a compound annual growth rate (CAGR) of 9.0%. The predicted expansion during the forecast period is credited to sectors such as aerospace and defense, e-commerce, oil and gas exploration, industrial automation, the electronics industry, and medical devices and diagnostics. The forecast period also indicates significant trends towards sustainability and green packaging, water treatment, industrial automation, advanced packaging materials, and corrosion prevention.

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Which Key Market Drivers Powering Oxygen Scavenger Market Expansion and Growth?
The burgeoning demand from the food and beverage sector is anticipated to fuel the expansion of the oxygen scavenger industry. The food sector encompasses activities such as product manufacture, processing, preparation, conversion, preservation, and packaging. To prolong shelf life and preserve the initial quality of food, oxygen scavengers are incorporated into food and drinks to eliminate or reduce dissolved oxygen. For example, a report by Statistics Sweden, a governmental agency in Sweden, stated in September 2022 that the revenue from sales of food and beverages hit $29.85 billion (SEK 334 billion), demonstrating a growth of 2.9 percent. This increase was due to a 2.5 percent increase in the volume of sales and a 0.4 percent rise in food and beverage prices. Thus, the escalating demand in the food and beverage sector is propelling the growth of the oxygen scavenger industry.

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Which Fast-Growing Trends Are Poised to Disrupt the Oxygen Scavenger Market?
Key players in the oxygen scavenger market are focusing on creating new products such as environmentally-friendly packaging solutions, in an attempt to reach a broader customer demographic, improve sales, and boost their income. These eco-friendly packaging solutions, also termed sustainable or green packaging, utilize materials and methods that produce the least possible harmful effects on the environment throughout their use. An example of this innovation is seen in July 2023, when Mitsubishi Gas Chemical, which is based in Japan, introduced AGELESS, an oxygen absorber devoid of PFAS. By eliminating a harmful grease-proofing agent from their oxygen scavengers, MGC is setting a novel standard in universal packaging solutions. This innovation led to the emergence of AGELESS oxygen absorbers, completely PFAS-free, marking an industry first. Crucially, this PFAS-free solution does not sacrifice quality, efficiency, or safety. These PFAS-free AGELESS oxygen absorbers maintain their oil-resistance and effectively remove oxygen from within sealed packages. Thus, they secure the taste, appearance, smell, and nutritional content of freshly packaged goods and notably prolong the shelf life of such products.

What Are the Emerging Segments in the Oxygen Scavenger Market?
The oxygen scavenger market covered in this report is segmented -

1) By Type: Metallic, Non-Metallic
2) By Composition: Organic, Inorganic
3) By Form: Sachets, Canisters, Bottle Caps And Labels, OS Films And Pet Bottles, Liquid, Powder
4) By End-User Industry: Food And Beverage, Pharmaceutical, Power, Oil And gas, Chemical, Pulp And Paper

Subsegments:
1) By Metallic: Iron-Based Scavengers, Cobalt-Based Scavengers, Sodium-Based Scavengers
2) By Non-Metallic: Organic Scavengers, Ascorbate-Based Scavengers, Natural Polymer-Based Scavengers, Other Non-Metallic Scavengers

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Who Are the Global Leaders in the Oxygen Scavenger Market?
Major companies operating in the oxygen scavenger market include Mitsubishi Gas Chemical Company Inc., BASF SE, Clariant AG, Ecolab Inc., Accepta Ltd., Arkema Group, Eastman Chemical Company, Henkel AG & Co. KGaA, Aditya Birla Chemicals, Esseco Ltd., Kuraray Co. Ltd., DOW Chemical Company, Conventya Inc., Chemco Industries Inc., Kemira Oyj, Hydrite Chemical Co., Kurita Water Industries Ltd., Baker Hughes, Innospec Inc., GE Water & Process Technologies, Veolia Water Technologies, Nalco Water, ChemTreat Inc., Italmatch Chemicals S.p.A., BWA Water Additives US LLC, Carus Corporation, SNF Group, Buckman Laboratories International Inc., Solvay SA, Lubrizol Corporation, Huntsman Corporation, AkzoNobel N.V., Evonik Industries AG, Calgon Carbon Corporation, Sumitomo Chemical Co. Ltd., Tosoh Corporation, Weifang Yaxing Chemical Co.Ltd., Chemworld Overseas Private Limited

Which are the Top Profitable Regional Markets for the Oxygen Scavenger Industry?
North America was the largest region in the oxygen scavenger market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oxygen scavenger market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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