The food antioxidants global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Food Antioxidants Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The food antioxidants market size has grown strongly in recent years. It will grow from $1.83 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to food shelf life extension, rise in consumer health awareness, food industry growth, natural and clean label trends, food preservation techniques.
The food antioxidants market size is expected to see rapid growth in the next few years. It will grow to $3 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to clean label and natural ingredients, consumer demand for health and wellness, globalization of food trade, food safety and preservation, increased use in meat and poultry processing. Major trends in the forecast period include innovative food processing techniques, antioxidant-rich superfoods, regional and ethnic flavors, food fortification, convenience and snacking.
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Scope Of Food Antioxidants Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Food Antioxidants Market Overview
Market Drivers –
An increase in the use of food antioxidants to improve the shelf life of processed food products supported the growth of the market during the historic period. Antioxidants have been used in the food processing industry to prevent oxidation and improve flavor, aroma, and color. Antioxidants have also been used and valued in the treatment of a variety of diseases, including cancer and coronary heart disease. The rise in the use of food antioxidants to improve the shelf life of food products supported the growth of the food antioxidants market. For instance, in March 2021, according to the National Center for Biotechnology Information (NCBI), a US-based organization that provides information on science and health, fruits, vegetables, culinary herbs, and spices have health-protective properties due to the presence of low-molecular antioxidants, which protect cells and their structures from oxidative stress and damage. The antioxidants also provide a positive correlation between the consumption of whole fruits and vegetables and the prevention of diseases such as atherosclerosis, cancer, diabetes, and arthritis, as well as improved cardiovascular and neurological health, lower cancer incidence, increased longevity, and lower overall mortality.
The food antioxidants market covered in this report is segmented –
1) By Type: Natural, Synthetic
2) By Form: Dry, Liquid
3) By Source: Fruits and Vegetables, Oils, Spices and Herbs, Botanical Extracts, Gallic Acid, Other Sources
4) By Application: Fats and Oils, Prepared Foods, Prepared Meat and Poultry, Seafood, Bakery and Confectionery, Plant Based Alternatives, Nutraceuticals, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the food antioxidants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food antioxidants market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the food antioxidants market include Archer-Daniels-Midland Company, BASF SE, Koninklijke DSM N.V, Kemin Industries Inc., Eastman Chemical Company, Frutarom Ltd., Barentz International B.V., Camlin Fine Sciences Ltd., Kalsec Inc., E.I. Du Pont De Nemours and Company, Cargill Inc., Advanced Organic Materials SA, VDH Chem Tech Pvt. Ltd., Vitablend Nederland BV, International Flavors & Fragrances Inc., De Nederlandse Staatsmijnen Co., DuPont de Nemours Inc., Naturex SA, Ajinomoto Co. Inc., Chr. Hansen Holding A/S, Yasho Industries Ltd., Givaudan SA, Global Specialty Ingredients (M) Sdn. Bhd., Riken Vitamin Co. Ltd., Zhengzhou Sigma Chemical Co. Ltd., Fenchem Biotek Ltd., Sumitomo Chemical Co. Ltd., Garuda International Inc., Döhler Group, Palsgaard A/S
Table of Contents
1. Executive Summary
2. Food Antioxidants Market Report Structure
3. Food Antioxidants Market Trends And Strategies
4. Food Antioxidants Market – Macro Economic Scenario
5. Global Food Antioxidants Market Size and Growth
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31. Global Food Antioxidants Market Competitive Benchmarking
32. Global Food Antioxidants Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Food Antioxidants Market
34. Food Antioxidants Market Future Outlook and Potential Analysis
35. Appendix
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