Global Food Antioxidants Market Size, Statistics, Segments, Forecast 2024-2032

Food Antioxidants Market Size And Forecast

Food Antioxidants Market size was valued at USD 1.42 Billion in 2021 and is projected to reach USD 2.65 Billion by 2030, growing at a CAGR of 6.2% from 2023 to 2030.

The increased demand for healthy alternatives in food choices is a crucial factor that has led to an increase in the growth of the Food Antioxidants Market since they consist of foods that have natural compounds that inhibit oxidation. The Global Food Antioxidants Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Food Antioxidants Market Definition

Antioxidants are natural compounds that reduce damage caused due to oxygen. It is often referred to as a substance that inhibits oxidation i.e it prevents chemical reaction produced by free radicals that leads to chain reaction thereby damaging the cells of organisms. It helps to neutralize free radicals in our bodies. The well-known antioxidants are vitamin C, vitamin E, and beta carotene which have the ability to counteract the damaging effects of oxidation.

Global Food Antioxidants Market Overview

Increasing awareness among consumers for healthier alternatives is anticipated to drive the demand for the Food Antioxidants Market in the forecast period. Consumers in recent years have shifted to having processed foods in large quantities such as snacks, meals, and beverages. To balance out the damage caused to the body by processed foods and to inhibit oxidation, consumers have started to consume food antioxidants as it helps neutralize free radicals in the body. This is the largest driving factor for the growth in the Market.

There has also been a rise in the purchasing power of people which allows them to buy in bulk. This is another driver for the market. As people’s purchasing power rises, the demand for products also rises. With new and advanced technology the shelf life for food products is more than what it used to be, increasing the market for food antioxidants. With an increase in the food market, there is an automatic increase in the Market since they are linked together. The factors that act as a restraint to the market are the high costs that are related to natural antioxidants. Synthetic antioxidants are low-cost alternatives but are not as healthy or safe as natural antioxidants. These safety issues relating to synthetic antioxidants also act as a factor that restrains the growth of the Global Market.

Global Food Antioxidants Market Segmentation Analysis

The Global Food Antioxidants Market is Segmented on the basis of Type, Form, Source, Application, And Geography.

Food Antioxidants Market, By Type

• Synthetic Food Antioxidants
  1. BHA
  2. BHT
  3. PG
  4. TBHQ
• Natural food Antioxidants
  1. Carotenoids
  2. Rosemary extract
  3. Vitamin C
  4. Vitamin E

Based on Type, The market is bifurcated into Synthetic Food Antioxidants and Natural Food Antioxidants. In recent years, there have been concerns regarding synthetic food antioxidants not being completely safe which has resulted in natural food antioxidants taking up a larger share in the market.

Food Antioxidants Market, By Form

• Dry
• Liquid

Based on Form, The market is bifurcated into Dry and Liquid. The human body does not naturally produce antioxidants so they are consumed in different forms such as dry or liquid and act as supplements for the body. They improve the shelf life of products.

Food Antioxidants Market, By Source

• Fruits & vegetables
• Nuts & seeds
• Oils
• Spices & herbs
• Others

Based on Source, The market is bifurcated into fruits and vegetables, nuts and seeds, oils, spices and herbs, and others. There are different natural sources from where antioxidants are derived. Depending on further usage, the source is decided. Fruits and vegetables and nuts and seeds are consumed as they are. Oils are usually added to prepared foods to improve their shelf life and inhibit oxidation.

Food Antioxidants Market, By Application

• Bakery & confectionery
• Fats & oils
• Prepared foods
• Prepared meat & poultry
• Others

Based on Application, The market is bifurcated into bakery and confectionery, fats and oils, prepared foods, prepared meat and poultry, and others. The prepared meat and poultry segment occupies the largest share of food antioxidants since it undergoes oxidative degeneration during storage so it requires antioxidants to improve its shelf life and inhibit oxidation.

Food Antioxidants Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Food Antioxidants Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market is that of Asia Pacific since there is increased awareness regarding the benefits of food antioxidants. The US and Europe are witnessing an increase in market value as well.

Key Players

The “Global Food Antioxidants Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as ADM, Barentz Group, BASF SE, Camlin Fine Sciences, Ltd., E.I. Du Pont De Nemours and Company, Eastman Chemical Company, Frutarom Ltd., Kalsec Inc. Kemin Industries, Inc., Koninklijke DSM N.V.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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