Food Antioxidants Market For a global opportunity analysis and industry forecast, 2028, by product, use, material, types

Global Food Antioxidants Market Forecast to 2028

The most current market research report from Emergen Research focuses on the global market for Food Antioxidants and provides in-depth analysis of each of its major segments. The market size, revenue growth rate, industry statistics, revenue splits by regional markets, gross margins, production costs, and product portfolios are all included in reports on the worldwide Food Antioxidants market. The most significant micro- and macroeconomic elements, such as drivers, opportunities, trends, restrictions, challenges, demand and supply ratios, production and consumption patterns, stringent regulatory frameworks, and a host of other factors, are also discussed in the research.

The global food antioxidants market is expected to reach a market size of USD 3.43 billion at a steady CAGR of 6.2% in 2028, according to the latest analysis by Emergen Research. This steady revenue growth can be attributed to changing consumer preferences, rising health and wellness concerns, and changing lifestyles. Demand for functional foods has been increasing due to the rising prevalence of non-communicable diseases as a result of weakened immunity. Increasing utilization of food antioxidants for the production of functional foods is expected to drive growth in the food antioxidants market during the forecast period. Growing demand for home food preservation options is another factor contributing to the rising utilization of food antioxidants in the food and beverage industries.

The global food antioxidants market has witnessed substantial growth in recent years, driven by increasing consumer awareness regarding the health benefits of antioxidants and their role in preventing oxidation in food products. Antioxidants play a crucial role in maintaining the quality, texture, and shelf life of various food items. This article provides an in-depth analysis of the food antioxidants market, including its current status, growth factors, key players, and emerging trends.

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Competitive Terrain:

The global Food Antioxidants industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

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

Research Report on the Food Antioxidants Market Addresses the Following Key Questions:

Who are the dominant players of the Food Antioxidants market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Food Antioxidants market?
What are the key growth drivers and restraining factors of the Food Antioxidants market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Food Antioxidants market and its key segments?

Market Overview:

The report bifurcates the Food Antioxidants market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

Application Outlook (Revenue, USD Billion; 2021–2028)

Prepared food
Seafood
Nutraceuticals
Fats Oils
Plant-based Alternatives
Prepared Meat Poultry
Bakery Confectionery
Other Applications

Type Outlook (Revenue, USD Billion; 2021–2028)

Synthetic Antioxidants
Natural Antioxidants

Source Outlook (Revenue, USD Billion; 2021–2028)

Oils
Fruits and Vegetables
Spices and Herbs
Gallic Acid
Botanical Extracts
Petroleum-derived

Regional Landscape section of the Food Antioxidants report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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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 food antioxidants 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 food antioxidants 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.

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Food Antioxidants market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets

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