Food Antioxidants Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
“Food Antioxidants Market was valued at US$ XX Mn in 201X and expected to grow at X% Compound Annual Growth Rate (CAGR) over 201X to 202X”
Antioxidants are an essential food ingredient used to prevent oxidation of food products, in the food industry. For decades, the market was dominated by synthetic antioxidants such as butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), propyl gallate (PG) and tert-butylhydroquinone (TBHQ), however, the consumers are now reluctant to buy these products and are demanding cleaner labels with all-natural ingredients. In general, the major demand for natural antioxidants and antioxidants is witnessed by the meat industry, as the products falling under this category are required to have longer shelf life.
The global food antioxidants market is expected to witness robust growth in the near future. Increase in consumption of processed food along with the rising population pool is the major driving factors which are fuelling the growth of the food antioxidants market. Furthermore, increase in the purchasing power of the customers, longer shelf life of the processed food, growing demand for the antioxidant foods is expected to boost the growth of food antioxidants market. In addition to this, rising awareness regarding health concerns and benefits of antioxidants, increase in consumption of confectionery foods, beverages expected to accelerate the growth of the food antioxidants market globally. On the other hand, high costs of the products, lack of awareness about the anti-oxidants usage, stringent regulatory framework are restrained of the food antioxidants market.
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The global market for food antioxidants records a revenue of USD XX million in 201X and is expected to register a CAGR of X% during the forecast period (201X-202X). Most Common antioxidants are carotenoids, vitamin C, vitamin E, and selenium.
Asia-Pacific is the largest market for food antioxidants because of the increasing sales of processed food and anti-aging nature of antioxidants in food products. Asia-Pacific is forecasted to witness the highest growth rate in the next five years. In the North American and European countries, the market is expected to experience an increased demand for antioxidants derived from natural plant extracts and carotenoids. The consumers are highly aware of food labels, and even regulatory authorities are limiting the use of synthetically derived antioxidants products. Even if the companies use synthetic antioxidants have been tested for safety and approval for use in food at low concentrations on the basis of complex toxicity.
Some of the players in Food Antioxidants Market are:
• Koninklijke DSM N.V. (Netherlands)
• BASF SE (Germany)
• Eastman Chemical Company (U.S.)
• Archer Daniels Midland Company (U.S.)
• Kemin Industries, Inc. (U.S.)
• E.I. Du Pont De Nemours and Company (U.S.)
• Frutarom, Ltd (Israel)
• Barentz Group (Netherlands)
• PureCircle (Malaysia)
• Sunup (U.S)
• Kalsec, Inc (U.S)
• Camlin Fine Sciences, Ltd. (India).
Precision Business Insights (PBI) in its report titled “Food Antioxidants Market”: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 20XX-20XX and Forecast 20XX-20XX” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast.
The Global Food Antioxidants Market is classified on the basis of origin, source, products, application, form and geographical regions.
Based on origin, Global Food Antioxidants Market is segmented as
• Natural
• Artificial
Based on source, Global Food Antioxidants Market is segmented as
• Oils
• Fruits and vegetables
• Nuts and seeds
• Spices and herbs
• Flowers and leaves
Based on products, Global Food Antioxidants Market is segmented as
• Vitamin C
• Vitamin E
• Beta Carotene
• Glutathione
• Polyphenols
• Others
Based on application, Global Food Antioxidants Market is segmented as
• Confectionary
• Diary and frozen products
• Canned food
• Meat and poultry products
• Beverages
Based on form, Food Antioxidants Market is segmented as
• Liquid
• Dry
Based on Geography, Food Antioxidants Market is segmented as
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o Spain
o UK
o Russia
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia
o Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Turkey
o South Africa
o Rest of LAMEA
For more information: https://precisionbusinessinsights.com/market-reports/global-food-antioxidants-market/