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Antioxidant Market Trends, Share, Forecast, Overview and Analysis by 2028

September 6, 2021

The global antioxidant market is expected to reach a market size of USD 3.43 Billion at a steady CAGR of 6.2% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to changing consumer preferences, rising health and wellness concerns, and changing lifestyle. The report provides detailed insights into antioxidant market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in antioxidant market size over the forecast period, 2020–2028. Demand for functional foods has been increasing due to rising prevalence of non-communicable diseases as a result of weakened immunity. The Food Antioxidants report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Increasing utilization of food antioxidants for production of functional foods is expected to drive growth of the antioxidant market during the forecast period. Varying market trends can be attributed to inclining revenue growth of the global antioxidant market going ahead. antioxidant market trends include rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition. Growing demand for home food preservation options is another factor contributing to rising utilization of food antioxidants in food and beverage industries. Other positive antioxidant market trends include rising demand and deployment in respective sectors/industries in major and developing countries. In addition, implementation of favorable government policies, advancements in technology, and steady economic growth across various regions and countries are factors expected to continue to result in further antioxidant market trend evolution and changes going ahead.

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In terms of antioxidant market share and revenue contribution to the global antioxidant market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in antioxidant market share.

The market intelligence report on the Food Antioxidants Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.

Key Highlights of Report

In January 2020, BASF announced that it is planning to expand production capacity for its antioxidant Irganox 1520L by 20% at the site in Pontecchio Marconi, Italy. Irganox 1520L is a key product in the antioxidant portfolio of BASF. The expansion is expected to help the company meet growing demand for antioxidants among its global consumers.
Prepared meat & poultry segment accounted for largest market share of 2020. Rising need to extend the shelf-life of food products and enhance food quality is driving utilization of food antioxidants in prepared meat and poultry products.
Natural antioxidants segment revenue is expected to expand at a rapid CAGR during the forecast period. Health risks associated with consumption of synthetic antioxidants and the potential toxicological effects is driving demand for natural antioxidants.
Fruits and vegetables segment accounted for a significantly high revenue share in the antioxidant market in 2020. Health-conscious consumers are increasingly preferring natural antioxidants derived from fruits and vegetables.
Asia Pacific accounted for largest revenue share contribution to the global antioxidant market in 2020. Food manufacturers in countries in the region are increasingly utilizing food antioxidants owing to rising demand among health-conscious consumers for dietary supplements, functional foods, and nutritional beverages fortified with antioxidants.
Key players in the market include BASF SE, Archer-Daniels-Midland Company, Koninklijke DSM N.V., DuPont, Eastman Chemical Company, Kemin Industries, Barentz Group, Camlin Fine Sciences Ltd., Kalsec Inc., and BTSA.

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Region wise performance of the Food Antioxidants industry

North America antioxidant market trend scenario has significant impact on other regional market trends. North America antioxidant market accounted for largest revenue share in 2020 and is expected to continue to maintain its dominance over other regional markets over the forecast period. Presence of major players in countries in the region is a key factor driving steady change in overall antioxidant market trends.

Asia Pacific antioxidant market is expected to register comparatively faster revenue growth than other regional markets over the forecast period. This can be attributed to varying antioxidant market trend scenarios in countries such as China, India, South Korea, and others. These scenarios with regard to domestic market trends and international market trends and varying impacts play a major role in growth of the Asia Pacific market.

Asia Pacific market share contribution to the global antioxidant market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Increasing population, favorable government policies and initiatives, rising disposable income among consumers in countries in the region, influence of antioxidant market trends in other countries and regions, and steady economic growth are some key factors driving market revenue growth of the Asia Pacific antioxidant market.

Europe antioxidant market size and revenue growth is primarily supported by antioxidant market trends such as continuous developments in major countries in the region, robust focus on research and development initiatives by major firms, and changing market trends in countries in other major regions.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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The research provides answers to the following key questions:

What will be the growth rate and the market size of the Food Antioxidants industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the antioxidant market across different regions?
Who are the major driving forces expected to decide the fate of the Food Antioxidants industry worldwide?
Who are the prominent market players making a mark in the antioxidant market with their winning strategies?
Which Food Antioxidants industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the antioxidant market?

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