As per a recent industry report put forward by Global Market insights Inc., the butylated hydroxytoluene (BHT) market is forecast to exceed a revenue of USD380m by 2025, with a projected CAGR of 6% over 2019-2025.
This is a functional ingredient for baked goods and it prevents spoilage of fats and oils in baked goods by binding oxygen molecules. Oxygen molecules react preferentially with BHT rather than oxidizing the fats or oils. In addition, this action preserves food aroma, color, and flavor.
The BHT market growth is driven by intensifying demand for synthetic antioxidants owing to their increased utilization for preserving food products in order to increase shelf life. The product inhibits oxidation and has its applications in several industries including cosmetics, food additives, lubricating & specialty oils, food packaging, animal feed, and pharmaceuticals.
The global BHT market for food applications is anticipated to exceed USD90m in the projected timeline. The product prevents food spoilage caused by mold, bacteria, and yeast. It helps to prevent or delay changes in food texture, flavor, and color. BHT is added to several food products including cookies, snacks, fats & oils, meat, and dressings. Rising urbanization and purchasing power of consumers will surge the market growth.