Food Antioxidants Market: Market Segments: By Type (Natural and Synthetic); By Source (Fruits & Vegetables, Oils, Spices & Herbs, Botanical Extracts, Gallic Acid, & Petroleum); By Application (Prepared Meat & Poultry, Fats & Oils, Bakery & Confectionery, & Others) and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Natural compounds that mitigate the harm caused by oxygen are antioxidants. It is also referred to as a material that inhibits oxidation, i.e., it prevents free radicals from causing chemical reactions that result in chain reactions destroying the organisms’ cells. Basically, the term antioxidant is used for substances such as natural chemicals present in body tissue and foods that are considered beneficial to human health, and the other is synthetic chemicals combined with goods to avoid oxidation in them.
Food Antioxidants Market is expected to project a notable CAGR of 6.3% in 2030.
Food Antioxidants Market to surpass USD 3.1 billion by 2030 from USD 1.29 billion in 2018 at a CAGR of 7.1% throughout the forecast period, i.e., 2019-30. Growing customer perception of healthy alternatives is expected to boost market demand for food antioxidants during the forecast period.
Food Antioxidants Market: Segments
Synthetic food antioxidants Segment to grow with the highest CAGR 2019-30
Food Antioxidants Market is segmented by type into natural and synthetic antioxidants. The greater market share in 2019 was accounted by natural antioxidants segment owing to the anti-aging advantages they offer and the rising public perception of healthy eating habits. Natural antioxidants are further categorized into vitamin C, vitamin E, vitamin A, polyphenols and carotenoids, while tert-butylhydroquinone (THBQ), butylated hydroxytoluene (BHT), butylated hydroxyanisole (BHA) and propyl gallate (PG) are further classified into synthetic antioxidants.
Food Antioxidants Market: Market Dynamics
The increase in consumption of processed food
Rise in the consumption of processed food is one of the major factors driving the growth of the demand for antioxidants. Demand for processed food or ultra-processed food has increased dramatically across the globe in recent years. Saturated fats, carbohydrates, total fats, free sugars and sodium are high in the packaged food products available on the market and poor in basic nutrients such as nutrition, proteins, vitamins and potassium.
Stringent government regulations
To some extent, strict government regulations related to antioxidants are likely to impede the growth of the demand for antioxidants. This can be attributed primarily to the quality certification needed for the manufacture of goods based on antioxidants. Governments have stringent policies in developing countries on the addition of food ingredients.
Food Antioxidants Market: Key Players
- Cargill Incorporated
- ·Company Overview
- ·Business Strategy
- ·Key Product Offerings
- ·Financial Performance
- ·Key Performance Indicators
- ·Risk Analysis
- ·Recent Development
- ·Regional Presence
- ·SWOT Analysis
- Archer Daniels Midland Company
- BASF SE
- Advanced Organic Materials, S.A.
- Eastman Chemical Company
- Kalsec Inc.
- International Flavors & Fragrances Inc. IFF
- Kemin Industries, Inc
Food Antioxidants Market: Regions
Food Antioxidants Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Food Antioxidants Market in Asia Pacific held the largest market share of XX% in the year 2018 since there is increased awareness regarding the benefits of food antioxidants. The US and Europe are both seeing a rise in the value of the market. Market demand for healthy eating, the movement towards natural and organic foods, and the increasing need for convenience food items significantly influence the Asia Pacific food & beverage industry. With emerging economies, rising industrialization, growing demand for packaged foods, and customer preference for quality products, the growth of the food & beverage industry is becoming increasingly positive for ingredient suppliers. Despite growing awareness of the health risks associated with synthetic food additives, these patterns and tastes have created a need for new additives in foods.
Food Antioxidants Market report also contains analysis on:
Food Antioxidants Market Segments:
- ·Vitamin E
- ·Vitamin C
- ·Rosemary extracts
- ·Greentea extracts
- ·Other natural types (acerola extracts and grapeseed extracts)
- ·Other synthetic types (potassium sorbate and calcium propionate)
- Fruits & vegetables
- Spices & herbs
- Botanical extracts
- Gallic acid
- Fats & oils
- Prepared foods
- Prepared meat & poultry
- Bakery & confectionery
- Plant-based alternatives (meat & dairy)
- Food Antioxidants Market Dynamics
- Food Antioxidants Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints