ID: MRFR/F-B & N/3693-HCR | 110 Pages | Published By Snehal Singh on March 2023
Natural Antioxidants Market Size is anticipated to reach USD 1.54 Billion by 2027, registering a CAGR of 5.70% during 2020-2027
The global Natural Antioxidants Market size is projected to reach approximately 1.54 Billion by 2027 and is expected to register a CAGR of 5.70% during the forecast period, 2020–2027. Antioxidants are substances that defense the system of the body against the damage of reactive oxygen species. These antioxidants are either sourced synthetically or naturally. Natural antioxidants are primarily sourced from fruits, vegetables, herbs, and spices, among others. There has been a growing trend of replacing synthetic products with natural products to prevent possible negative effects caused by synthetic compounds. Increasing application areas of natural antioxidants are majorly driving the growth of natural antioxidants market. Increasing health awareness among the consumers and their inclination toward healthy diet is leading to an increased demand for natural ingredients in the food & beverages. This has influenced the food manufacturers to adopt natural antioxidants in their products. Moreover, there is a rising demand for natural cosmetics which is increasing the consumption of natural antioxidants in cosmetic industry.
The global natural antioxidants market has been segmented based on type, form, application, and region. On the basis of type, the global market has been classified as vitamin E, vitamin C, carotenoids, rosemary extract, and others. Based on the form, the global market has been classified as dry and liquid. Based on application, the global market has been classified as food & beverages, personal care, animal feed, and others. The food & beverages segment has been further divided into bakery & confectionery, dairy & frozen desserts, beverages, sweet and savory snacks, others. The global market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American natural antioxidants market has further been segmented into the US, Canada, and Mexico. The European natural antioxidants market has been classified as Germany, France, Italy, Spain, UK, and the rest of Europe. The natural antioxidants market in Asia-Pacific has been divided into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The natural antioxidants market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), DowDuPont (US), Adisseo (China), Frutarom Industries Ltd. (Israel), Chr. Hansen Holding A/S (Denmark), Ajinomoto Co. Inc. (Japan), Prinova Group LLC. (US), and Kalsec Inc. (US) are some of the key players in the global natural antioxidants market.
North America is expected to dominate the market for natural antioxidants during the forecast period. The US is projected to be the major contributor of natural antioxidants industry in this region. High demand for organic and natural products among the US population is majorly driving the growth of the North American natural antioxidants market. Europe also holds a significant share in the global market. The inclination of food and cosmetic manufacturers towards natural ingredients in this region is leading to an increased demand for natural antioxidants in the European region. However, Asia-Pacific is projected to be fastest growing regional market during the forecast period. Increasing awareness for natural products followed by growth of food & beverage industry in the developing countries is expected to drive the growth of natural antioxidants market in Asia-Pacific. Moreover, increasing adoption of natural antioxidants in animal feed will boost the growth of the Asia-Pacific natural antioxidants market.
Global Market, by Type
|Market Size||USD 1.54 Billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Form, Application, And Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), DowDuPont (US), Adisseo (China), Frutarom Industries Ltd. (Israel), Chr. Hansen Holding A/S (Denmark), Ajinomoto Co. Inc. (Japan), Prinova Group LLC. (US), and Kalsec Inc. (US)|
|Key Market Opportunities||Natural Antioxidants Market growing trend of replacing synthetic products with natural products to prevent possible negative effects caused by synthetic compounds.|
|Key Market Drivers||
Natural antioxidants market valuation can touch USD 1.54 Billion by 2027.
Natural antioxidants market can exhibit a CAGR of 5.70% from 2020 to 2027.
Inclusion of natural antioxidants in foods and beverages is the major driver of the global natural antioxidants market.
Availability of substitutes can hamper the global natural antioxidants market growth.
North America can dominate the global natural antioxidants market owing to demand for natural and organic products among the populace in the U.S.
Chr. Hansen Holding A/S, Adisseo, Frutarom Industries Ltd., Kalsec Inc., Archer Daniels Midland Company, Prinova Group LLC, Ajinomoto Co. Inc., BASF SE, Koninklijke DSM N.V., and DowDuPont are notable players of the global natural antioxidants market.