According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of natural antioxidants are estimated to reach a value of US$ 3.8 billion by 2034, surging at 5.1% CAGR through the decade.
The increasing prevalence of lifestyle-related diseases such as obesity, cardiovascular disease, diabetes, and other non-communicable diseases (NCDs) has become one of the greatest concerns for consumers around the world. Consumer awareness of healthy habits has brought about fundamental changes in their diet, which has increased the demand for natural antioxidants for many years. Weight-sensitive consumers are more sensitive to their daily calorie intake and are willing to consume nutrient-rich, low-calorie foods. Several research projects have concluded that natural antioxidants are beneficial in improving health conditions such as cardiovascular disease, diabetes, and other non-communicable diseases (NCDs). This has led consumers to focus on getting antioxidants in their regular diet. In addition, health enthusiasts and fitness freaks are more likely to be attracted to organic and natural antioxidants as key ingredient in foods, beverages, and dietary supplements. The results could lead to strong growth in the natural antioxidant market over the next few years.
The vast majority of animal farms around the world are switching to alternative additives such as natural antioxidants, toxic binders, and organic acids to prevent contamination of raw materials. Using these alternative options also helps reduce the level of antimicrobial resistance from the feed-to-food model. It should be noted that AMR levels have reached alert levels around the world and people are less responsive to first-line or second-line treatment of the disease. In addition, oxidative stress is one of the main factors associated with immune system dysregulation and leads to several illnesses, so the majority of the population consumes natural antioxidants to improve immune system health. Tend to be. These factors encourage consumers to take precautions and create a large space for the healthy growth of natural antioxidants during the forecast period.
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Key Takeaways from Market Study
- Asia-Pacific holds the major share and is expected to be the largest market for natural antioxidants, with sales estimated to reach ~US$ 1.1 Bn by 2034-end.
- The natural antioxidants market in North America and Europe is expected to register a high growth rate in the coming years, owing to a remarkable hike in the consumption of nutritional supplements in these regions.
- Increasing interest in the consumption of natural products is expected to bolster the demand for natural antioxidants.
- Global natural antioxidants market represents a fairly consolidated competition landscape, where the majority of key players are investing in R&D to lower the production cost of natural antioxidants.
- Natural antioxidants exhibit low volatility and high stability at high temperatures, offering better aid to food production techniques, including frying, cooking ,or baking.
- Regulatory authorities are imposing limitations on the application of artificial antioxidants, leaving manufacturers of natural antioxidants in high spirits.
“The natural antioxidants market is being driven by their taste, aroma, and health benefits. Rising awareness about the product along with increased use in the F&B industry are key factors for market expansion,” says a lead analyst at Future Market Insights.
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Who is Winning?
Many CEOs re-checked their company’s portfolios and re-figured their strategy in 2020 and 2021 due to the global upheaval generated by COVID-19. Companies have worked on strategies such as marketing and packaging, adopted labels trends, and taken various steps to promote the product in different markets along with reaching new geographies.
Utilizing primary natural antioxidants is not sufficient to meet all requirements. For example, rosemary extract (E392), which is primarily used in foods, works well with animal fats, but provides an unwanted odor and flavor. Studies have shown that combining two or more natural antioxidants works more effectively in most cases. Therefore, market participants offer a combination of tocopherol and rosemary extract. In addition, tocopherol is combined with citric acid or isopropyl citrate for optimal effect. To minimize food waste, players in the food industry extract natural antioxidants from the bran layer of cereal plants. Research emphasizes the inefficiencies of branded natural antioxidants compared to existing natural antioxidants, but ongoing research and development are underway to maximize the potential of branded natural antioxidants. I’m on the way.
Key players operating in the global natural antioxidants market include BASF SE, Ajinomoto Co Inc, Naturex S.A., Adisseo France SAS, The Archer Daniels Midland Company, I. du Pont de Nemours and Company, A & B Ingredients Inc, Hansen A/S, Koninklijke DSM N.V., Cargill, and Ingredients Inc.
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Key Segment
Product:
- Vitamins
- Carotenoids
- Polyphenols
Nature:
- Organic
- Conventional
Source:
- Fruits & Vegetables
- Herbs & Spices
- Microalgae & Seaweed
End-Use:
- Food & Beverages
- Meat, Fish & Poultry
- Spice & Condiments
- Oil, Fat & Margarine
- Packaged Food
- Bakery & Confectionery
- Others
- Cosmetics
- Skin Care
- Hair Care
- Nutraceuticals
- Pharmaceuticals
- Feed Industry
Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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