Antioxidants Market Is Projected To Reach USD 9.3306 Billion By 2030, At a CAGR of 5.30%

May, 2023 - Market Research Future has published a Report on the Global Antioxidants Market

Overview 

The global antioxidants market will grow at a CAGR of 5.30% during the forecast period 2023 to 2030. The market for antioxidants is set to reach USD 9.3306 Billion by 2030. As per analysts, the global market is anticipated to witness growth owing to the factors such as growing consumer awareness as well as fast urbanization rate. However, the antioxidants market will face challenges and restraints due to strict government policies in developed nations and ban on certain ingredients during the forecast period 2023 to 2030. 

Higher demand for antioxidants in the market will support the growth. As per market analysts, the antioxidants market based companies will face certain challenges during the forecast period 2023 to 2030. The market research report provides in-depth analysis of the application, form, and type segments. The market research report presents factors such as fluctuating prices of raw material that could slow down the antioxidants market's growth. 

Market Segmentation 

The market has been segmented into application, form, and type. Based on the segment which is application, the market is categorized on the basis of Synthetic [BHT, TBHQ, BHA and others], Natural [Carotenoids, Polyphenol, Vitamin C, Vitamin E, and others]. The global market for antioxidants is further segmented based on form into dry and liquid. Furthermore, the market, on the basis of type is segmented into food & beverages [seafood products, poultry, fats & oils; convenience food; beverages; bakery & confectionery and meat], personal care, animal feed, and others. 

The report offers comprehensive study of the market segments including application, form, and type. The analysts have also studied the market's spread across the regional markets across many of the market’s segments at country levels. The application, form, and type segments spread across the market along with the subsegments are studied. The global market for antioxidants is spread across various product and service based segments. The research report highlights these key segments and offers forecasts based on primary and secondary data. The global antioxidants market research report presents key company profiles of organizations active across the antioxidants market. 

Regional Overview 

Stringent policies with regard to the addition of certain ingredients may hinder the antioxidants market growth. The market research report suggests that companies in the market could be supported by food products with high antioxidants as well as rising investments along with a surge in approval during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per market analysts, the antioxidants market is set to witness tremendous growth across application, form, and type segments. The global market’s North American region covers markets across the United States, Mexico, Canada, and others. Businesses present in the market are also profiled and their strategies have been presented in detail in the market research report. 

The market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the market research report provides details about the APAC region covering markets from China, India, Australia, Japan, and others. The antioxidants market is also active across several other parts of the world. The market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global antioxidants market. 

Competitive Landscape 

Antioxidants have seen tremendous growth, due to the demand for antioxidants in cosmetics and rapid industrialization as well as escalating disposable income. However, unorganized retail sector and lack of awareness would challenge the new businesses active in the market. Furthermore, companies using growth strategies to stay ahead in the global market are expected to help the market during the forecast period 2023 to 2030. As the market report suggests that the global market will register a CAGR of 5.30% and reach a USD 9.3306 Billion by 2030, the market report highlights key areas market based companies need to focus on. The market research report projects a long term growth till 2030. Based on the market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market will rise during the forecast period 2023 to 2030, however the companies need to move ahead with caution. The market research report highlights such key areas. 

Industry News 

American Securities LLC affiliated, the largest owner of Emerald Kalama Chemicals, a multinational specialty maker, has entered into a final sales deal for Emerald to Lanxess AG in Vancouver, Washington, DC (U.S. office in Pittsburgh). The completion of this transaction is scheduled in the second half of 2022 and will include all of Emerald's activities in Washington State, United Kingdom and the Netherlands following customary and necessary clearance. These installations are used to produce consumer-friendly preservatives, natural flavour chemicals, low-VOC coalescents, and plastic resin and plastic modifiers for non-phthalates.