Food Antioxidants Market Size and Growth Rate:
Food Antioxidants Market was valued at USD 360.7 million in 2016 and is
expected to register a CAGR of 5% during the forecast period 2018-2023.
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Food Antioxidants
Market @ https://www.researchcosmos.com/reports/food-antioxidants-market-analysis-of-growth-trends-and-forecasts-2018-2023/6221358
Food Antioxidants Market Growth Drivers and Restraints:
Drivers helped in
increasing demand for food antioxidants are a class of compounds with the
quality of preventing oxidative rancidity in different food stocks. They are
used for the preservation of food products such as processed oils, beverages, foods,
meat, seafood, products, and bakery. F&B manufacturers across the world use
food antioxidants to maintain the color, flavor, nutrients, and texture of
their products. Owing to the growing demand for prepared food products in
developing markets. Developing consumption rates with increasing health
awareness for nutraceutical food & beverages will propel food antioxidants
demand. The product limits damage to cells caused by free radicals and unstable
molecules that the body produces as a reaction to environmental pressure. The
upcoming purchasing power of consumers and need for longer shelf-life of
convenience food products will escalate the market size.
Geographical Analysis of Food Antioxidants Market:
The Asia-Pacific
region is experiencing the largest growth rate, due to the growing awareness of
consumers regarding the benefits of fortified food and the demand for natural
antioxidants. The dominant income in the urban sector has also led to the
growth in food antioxidants’ applications in the F&B industry.
The Indian market for
these antioxidants is at its embryonic stage, but it is forecasted to grow at a
high rate, with the country’s expanding demand for antioxidant vitamins over
the years. Brazil, India, China, and others offer potential for growth
opportunities to the market players in the near future.
The US and the
developed and developing regional in Europe are currently witnessing a trend of
consumption of “natural and healthy” foods; hence, they are more inclined
toward natural food antioxidants, due to their health benefits and fewer side
effects. Furthermore, natural food antioxidants are priced higher than their
synthetic counterparts, increasing the demand for latter in these regions. This
trend can also be attributed to the less-stringent regulations for food
antioxidants in developing countries, as compared to those in developed
ones.
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Key Players of Food Antioxidants Market:
Some of the major players
in the world market are BASF, DuPont, ADM, Kemin, and DSM (The Netherlands),
which have a strong presence in the Americas and the Asia Pacific regions. These
companies are constantly strategizing their growth plans to expand their
operations in the food antioxidants market.
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