In 2022, the antioxidants market was expected to be worth close to US$2.11 billion. Over the course of the anticipated period, a number of factors would influence the market, including the growing global population, rising packaged goods demand, and the pharma industry’s explosive growth. By 2033, it’s expected to have generated US$ 5.3 billion, with a CAGR of 9.1% from 2023 to 2033.
The Antioxidants market is witnessing substantial growth as consumers prioritize health and wellness. Antioxidants, renowned for their ability to neutralize harmful free radicals, have found widespread applications in food, cosmetics, and healthcare products. The market’s expansion is driven by increasing research on their potential health benefits and their role in preventing various diseases.
Consuming antioxidants offers a multitude of health benefits, and more people are becoming aware of them. More consumers are becoming aware of the benefits of eating antioxidants through food and drink with each passing year. Antioxidants are in high demand as a result of consumer dietary changes and a large increase in global meat consumption. Consuming antioxidants provides various major benefits, including: Counteracting the effects of free radicals that are naturally created in our bodies
- Different antioxidants can benefit different parts of the body; from eyes and heart to prostate and urinary tract
- Protecting skin from photo-oxidation of UV rays
- Supporting the immunity system by protecting cellular DNA and cell membranes from mutation
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An exclusive research study by Future Market Insights projects that factors as such are observed to be the key drivers for the growth of the global antioxidants market. Their health benefits will drive their demand in the assessment period, 2022-2032, as the report projects a steady expansion of the global antioxidants market through 2020. During this forecast period, the report expects that increasing intake of antioxidants in optimizing one’s health and improving memory abilities will also serve as a proponent in driving the sales of products containing antioxidants.
Key Companies in the Global Antioxidants Market
According to the report, companies namely, Aland (Jiangsu) Nutraceutical Co., Ltd., Archer-Daniels-Midland Company, BASF S.E, Cargill, Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Naturex S.A., Nutreco N.V., and Vitablend Nederland B.V. are observed to remain active in the expansion of the global antioxidants market through 2020. A majority of these producers will be striving the balance the negative effects of antioxidants consumption by boosting the health-benefitting properties of their products.
Recent Trends in Food Applications of Antioxidants
Key trends that will be influencing the use of antioxidants in the food and beverage industry have been analyzed in the report. They include:
- Scientific developments in antioxidant action on lipids
- Use of antioxidants as an antimicrobial agent
- Hormone research studies proving the key role of antioxidants in protecting the membranes of tissues and cells
- Growing use of emulsified oils in production of food products
- Rising adoption of in-situ extraction
- Increasing consumption of uncomminuted food such as roasted beef
- Surging demand for pre-cooked frozen fast foods and freeze-dried foods, among others
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Global Antioxidants Market: Segmental Analysis and Regional Insights
The report projects that the demand for antioxidants will be greatly influenced by the changing undercurrents of the food and beverage industry. An extensive value chain analysis and opportunities assessment has been provided in the report to extend the reader’s knowledge on untapped growth potential of the global antioxidants market.
The global market for antioxidants has been segmented on the basis of type of antioxidants and region. With respect to the product-type, the demand for natural antioxidants over synthetic antioxidants is anticipated to remain significantly high through 2020. The report also projects that natural antioxidants will register the fastest revenue growth throughout the forecast period. On the basis of geographies, the global antioxidants market has been further segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. Among these, North America is anticipated to represent the largest market for antioxidants. Robust growth in food & beverage industry, coupled with high meat consumption, will be driving the demand for antioxidants in the US and Canada. The APAC antioxidants market is also anticipated to remain lucrative for manufacturers through 2032.
The report covers exhaustive analysis on:
- How much is the Antioxidant consumer market currently worth?
- At what CAGR is the market expected to grow?
- How was the performance in the last five years?
- What are the key trends boosting Antioxidant sales?
- How are market players reacting to the new developments in the market?
- How much share do the top 3 companies hold?
- Which are the major countries driving demand for Antioxidants?
- Who are the major players in the Antioxidant Consumer Market?
- At what rate will the U.S. Antioxidant consumer market grow?
Segmentation For Antioxidant Market
By Product Type:
- Natural Antioxidants
- Vitamin C
- Vitamin A
- Rosemary extracts
- Vitamin E
- Synthetic Antioxidants
- Butylated hydroxytoluene
- Butylated hydroxyanisole
- Others
By Application:
- Food products
- Beverages
- Pet Food/ Animal Feed
- Cosmetic and personal care products
Regions:
- East Asia
- South Asia
- Latin and South America
- North America
- Oceania
- Europe
- Middle East & Africa
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