Global Food Antioxidants Market is expected to foresee significant growth. The Asia Pacific to lead the growth!

Global food antioxidants market is expected to register a CAGR of approx. 6% over the period of 2022-2028. People have become more health conscious, and they have begun to consume antioxidants for nutritional purposes. Antioxidants that boost immunity, improve memory, and aid in staying active are always in high demand, provided the product is completely organic. Antioxidants are typically available in powder or liquid form. There are two types of antioxidants: industrial antioxidants and food antioxidants. Food antioxidants are derived from fresh fruits and vegetables, whereas industrial antioxidants are derived from petroleum. Food antioxidants benefit the body in a variety of ways, including eye health, prostate health, heart health, and urinary tract health. Boosting the intake of food antioxidants in the diet will protect the human body against immune system issues, memory problems, and mood disorders. The growing demand for food antioxidants can be attributed to the owing to the consumption of processed food among the growing population across the globe. For instance, according to the WHO, the world population increased from 7.6 billion in 2019 to 7.84 billion in 2021. Owing to the glaring statistics due to the rising population the demand for food antioxidants is boosted due to changing consumer preferences due to fast-paced lifestyles across the globe and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the rise in purchasing power coupled with the longer shelf-life of food and increasing awareness among consumers for healthier alternatives are also some of the prominent factors that drive the market growth. However, some of the restraints in the market including the high costs of natural antioxidants are impeding the growth of this market all over the world.

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Based on the types, the food antioxidants market is segmented into natural and synthetics. The synthetics segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe. Synthetic food antioxidants are synthesized from petroleum-based products. They are used primarily in the food industry to delay lipid oxidation for stabilizing and preserving refined fats & oils within a food product.

Based on the form, the market is fragmented into dry and liquid. The dry segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Most synthetic food antioxidants are in the dry form, which includes fine granular, fine powder, flakes, and tablets as they are easy to mix with various food products such as bakery & confectionery.

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For a better understanding of the market adoption of food antioxidants market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. The Asia Pacific constitutes a major market for the food antioxidants industry owing to the rising demand for crop products, rapid urbanization and upsurge in the consumption of processed food in this region.

Some of the major players operating in the market include BASF SE, Archer-Daniels-Midland Company, Koninklijke DSM N.V, Kemin Industries, Inc, Barentz International BV, Camlin Fine Sciences, BTSA, Foodchem International Corporation, 3A Antioxidants, Nagase Group.

Global Food Antioxidants Market Segmentation

Market Insight, by Types

• Natural
• Synthetic

Market Insight, by Form

• Dry
• Liquid

Market Insight, by Application

• Fats & Oils
• Prepared Foods
• Prepared Meat & Poultry
• Others

Market Insight, by Source

• Fruits & Vegetables
• Oils
• Spices & Herbs
• Nuts and Seeds
• Acid
• Others

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• BASF SE
• Archer-Daniels-Midland Company
• Koninklijke DSM N.V
• Kemin Industries Inc.
• Barentz International BV
• Camlin Fine Sciences
• BTSA
• Foodchem International Corporation
• 3A Antioxidants
• Nagase Group