Food Antioxidants Market Research Report - Forecast to 2027

Food Antioxidants Market Information by Type (Natural and Synthetic), Source (Fruits & Vegetables, Nuts & Seeds, Oils & Petroleum, Spices & Herbs and others), Application (Fats & Oils, Processed Foods, Beverages, Bakery & Confectionery, Meat & Poultry and others) and Region - Forecast to 2027

ID: MRFR/F-B & N/3116-HCR | February 2021 | Region: Global | 110 pages         

Food Antioxidants Market

Food Antioxidants Market is projected to register a CAGR of 6.5 % and reach a value of USD 3.61 billion by 2030

Segmentation

By Type Natural Synthetic
By Source Fruits & Vegetables Nuts & Seeds Oils & Petroleum Spices & Herbs others
By Application Fats & Oils Processed Foods Beverages Bakery & Confectionery Meat & Poultry others
By Region Asia Pacific North America Europe

Key Players

  • Archer Daniels Midland (the U.S.)
  • BASF SE (Germany)
  • Kemin Industries Inc (the U.S.)
  • Cargill Inc. (the U.S.)
  • Eastman Chemical Company (the U.S.)
  • Frutarom Ltd. (Israel)
  • Kemin Industries Inc (the U.S.)
  • E.I. du Pont de Nemours and Company (the U.S.)

Drivers

  • Mounting Growth For Convenience Foods
  • Rising Demand For Food Commodities With High Shelf-Life
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Food Antioxidants Market overview


Food antioxidants Market is projected to propel with a high CAGR during the forecast period based on its diverse and potential application in the food industry. An antioxidant is an element that prevents oxidization. Food antioxidants are a type of component that can increase the shelf life of food and prevent oxidization. Today, there are both traditional and synthetic antioxidants. Antioxidants are naturally found in many food items. There are vegetables, spinach, raspberries or eggplant from which natural antioxidants are extracted.


There are lots of uses of these food antioxidants. These components can prevent the damage of cells. The use of food antioxidants in the pharmaceutical market is growing rapidly. Today, ready to eat food items are growing rapidly in many regions. Many prefer these food items as they are quick to prepare and eat. In all these food industries the use of food antioxidants is rising. By using these components the overall life of these food items rises.


They are also used to increase the nutritional value and quality of the food items. There are food antioxidants in different forms. There is both dry and liquid form of this component available. There are plenty of segments in the market. All these segments are having high growth in the forecast period. The use of antioxidants in the poultry and processed meat market is growing. All these are factors that are responsible for high Food Antioxidants Market Value.


Covid analysis


The outbreak of covid 19 is directly impacting the global markets. The meat, milk, bread and other products market are affected by this pandemic. In this period, there are supply disruptions in the food industry. There are lots of concerns about food safety in this period. There is low production, less supply and declining demand in the market. All these are the factor that causes losses in the market.


Today, the medical industry and consumers are preferring food with high nutritional value in this period. It is leading to the high adoption of food antioxidants. In the next few years, the production of the market will rise immensely. There is an exceptional growth rate due to the demand from the developing nations. The developing markets are rising their spending on such food antioxidants. All these are factors that will create a positive Food Antioxidants Market Outlook.


Market dynamics


Crucial market drivers


The rising demand for the processed food market is a crucial driver of the market. In the forecast period, there is a high consumer preference for ready to eat foods. These are food that has a high food shelf life. Food antioxidants are highly used in the processed food market. Due to the demand for these food items, there is a positive impact on this market. The changing consumer preference plays a major role in this market.


Today, the consumer prefers food items that have a long life span. Also, food with high nutritional value is gaining more significance. All these are drivers that will boost the demand. Further, the rising awareness among the customers is another crucial driver of the market. In recent years there is high awareness among the customers towards health.


Due to this health awareness, there is more knowledge about antioxidants. There are lots of antioxidant benefits. Due to these many benefits, the use of this product and antioxidant based food items are popular. Further, the increasing per capita income of the consumers is another factor leading to growth. The rising investment for this market will increase the demand and supply of this market.


The market growth opportunities


Rising demand from emerging economies is creating Food Antioxidants Market Growth opportunities. In some of these developing nations, the awareness about food antioxidants is low. However, in the upcoming years, there is industrialization happening in all of these regions. The economies such as China and India are facing exceptional demand among the end-users.


Asia Pacific market is witnessing rapid development in the functional market. It is creating plenty of growth prospects in these regions. The countries such as Thailand, India, China, Japan and Malaysia are raising their production of food antioxidants. These factors are expected to increase the overall profitability of the market. Furthermore, the rising global population is having a positive impact on this market. With the population rise, the food market has higher needs. The rising population will contribute to the highest demand in the upcoming years. This will expand the overall market in the forecast period.


Furthermore, the growth of science and development is another growth factor. With developing science the use of antioxidants on food will become more efficient. There are high chances of new product launches due to the research in the market. All these are growth opportunities that will help the market to flourish in the upcoming years.


The market restraints


The natural or functional food items are priced high. Due to their nutritional value and rich benefits, the cost is higher. All the ingredients in these food items are high end. This raises the overall price of the product. High cost is an issue in this market. It is a restraining factor that can affect supply rates.


Further, developing nations will have lesser adoption of food antioxidants due to these reasons. Further, there are high safety standards in the food antioxidants market. All these factors make the production cost of the market higher. Less demand can occur due to these market conditions.


The market challenges


Stringent governmental regulation is a challenge in this market. The antioxidant nutrients are required to be used according to the food standards. There are several claims regarding the use of antioxidants. The developed economies have strict policies regarding production. All these factors pose a challenge in this market.


The nutrients levels of these functional foods are always in check by the regulatory bodies. These are the factors that hinder the production of this market. Further, less awareness about the product in some regions is another challenge. This entire factor can affect the overall expansion of food antioxidants.


Cumulative growth analysis


Food Antioxidants Market Analysis a stable growth in the forecast period. There are lots of factors that contribute to the steady growth of the market. Consumer preference plays a major role to raise demand for food antioxidants. Further, rising health awareness is another driver. There are synthetic antioxidants market segments that gaining more popularity in upcoming years.


This segment of the market is raising the overall adoption rate from various end-users. Further, restraints of the market are high cost. It is a barrier that affects consumer demand. Stringent governmental rules are another challenge. However, the growth rate remains due to promising developments.


Value chain analysis


Asia pacific is a dominating region with the highest Market shares. The natural food market is gaining more popularity in the market. The need for convenient food products is higher in this region. The ready to eat foods are easy to cook. Due to these factors, there is the fastest growth among many key countries.


As it is emerging economy industrialization is another factor causing more demand. With the use of food antioxidants maintaining food freshness is possible. It is leading to the usage of these elements in food items. All these are factors that will make Asia pacific the fastest growing food antioxidants market.


Segment overview


Food Antioxidants Market by type



  • Synthetic

  • Natural


Food Antioxidants Market by sources



  • Spices and herbs

  • Fruits and vegetables

  • Nuts and seeds


Food Antioxidants Market by application



  • Bakery and confectionary

  • Fat and oils

  • Processed foods


Food Antioxidants Market by geography


North America



  •  US

  • Canada


Europe



  • Germany

  • France

  • Italy

  • the UK

  • France


Asia pacific



  • China

  • India

  • Australia

  • Singapore

  • Middle East Africa

  • Latin America


Competitive landscape


The competition in the food antioxidants market is rising. The awareness campaigns in the market are rising. In the forecast period, there are many new developments in the market. There are acquisitions, mergers, collaborations and partnerships in the market.


Regional analysis


As per Food Antioxidants Market Forecast, there are three main regional markets. The Asia Pacific is a leading nation with a high number of shares. Regulatory laws in the market are less in Asia pacific region. Further, the awareness of the market is rapidly increasing in these countries. Further, North America is the next largest market. There is massive production of food antioxidants in this market.


Also, the presence of key players plays a major role in these markets. There is awareness among the consumers that is another factor leading to growth. The European market has rising demand among UK and Germany. The adoption rate in the market will rise immensely in upcoming years.


The key players of the Food Antioxidants Market are



  • Archer Daniels Midland (the U.S.)

  • BASF SE (Germany)

  • Kemin Industries, Inc (the U.S.)

  • Cargill Inc. (the U.S.)

  • Eastman Chemical Company (the U.S.)

  • Frutarom Ltd. (Israel)

  • Kemin Industries, Inc (the U.S.)

  • E.I. du Pont de Nemours and Company (the U.S.)


Report overview



  • Market overview highlights

  • Analysis based upon COVID 19

  • Explanation upon the Market Dynamics

  • Value chain analysis

  • Market segmentation overview

  • The regional analysis

  • Competitive landscape analysis

  • Recent Developments



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Frequently Asked Questions (FAQ) :

The growth rate of the Food Antioxidants Market is 5.5%.

The Asia Pacific is a region the holds highest market shares.

The key players of the market are Archer Daniels Midland (the U.S.), BASF SE (Germany), Kemin Industries, Inc (the U.S.), Cargill Inc. (the U.S.), Eastman Chemical Company (the U.S.), Frutarom Ltd. (Israel), Kemin Industries, Inc (the U.S.) and E.I. du Pont de Nemours and Company (the U.S.).