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 market for antioxidants is rapidly growing as consumers place a higher priority on their health and wellbeing. Antioxidants are widely used in food, cosmetics, and healthcare products because of their well-known ability to neutralise potentially harmful free radicals. The market is growing as a result of more research being done on their potential health benefits and role in disease prevention.
Numerous health advantages of antioxidants are becoming recognised by an increasing number of people. More customers are becoming aware of the advantages of ingesting antioxidants through food and drink as each year goes by. Due to consumer dietary changes and a large rise in the world’s meat intake, antioxidants are in high demand. Consuming antioxidants provides a lot of important benefits, such as reducing the effects of free radicals that are produced naturally 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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According to an exclusive research analysis by Future Market Insights, these reasons are expected to be the main forces behind the expansion of the worldwide antioxidants market. Given that the report anticipates a consistent growth of the worldwide antioxidants market through 2020, their health benefits will fuel demand for them over the assessment period, 2022–2032. The report predicts that growing consumption of antioxidants to improve health and memory functions will also support the growth of antioxidant-containing product sales throughout the projected period.
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
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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