Global Food Antioxidants Market to Grow with a CAGR of 6.82% through 2028
Increasing consumption of processed foods and increasing use in animal
feed is expected to drive the Global Food Antioxidants Market growth in the
forecast period, 2024-2028.
According to TechSci Research report, “Global Food Antioxidants Market - Industry Size, Share,
Trends, Competition
Forecast & Opportunities, 2028”, the Global Food
Antioxidants Market stood at USD 1023.01 Million in 2022 and is anticipated to grow
with a CAGR of 6.82% in the forecast period, 2024-2028. The market's growth can
be attributed to the increasing demand and consumption of processed food,
wherein food antioxidants play a crucial role in improving the shelf life of
products such as bakery, confectionery, and snacks. Antioxidants effectively
inhibit oxidation and extend the shelf life of food products, making them
highly valuable. Furthermore, research and development in this field, along
with surveys conducted by research institutes, have significantly contributed
to the growth of this segment. For instance, the American Heart Association
recommends a diet rich in fruits, vegetables, and other antioxidant-rich foods
to combat cardiovascular disease. Similarly, the US Agricultural Research
Service suggests that a diet high in antioxidants, particularly those found in
blueberries, strawberries, and spinach, may help mitigate the decline in brain
function associated with aging.
The increasing demand for processed food,
driven by evolving lifestyles and growing awareness of protein-rich diets, has
become a key catalyst for revenue growth in the food antioxidants market.
Antioxidants, as dietary additives, play a crucial role in combating heart
disease, cancer, cataracts, memory loss, and other ailments present in various
processed food items such as morning cereals, sports bars, energy drinks, and
other processed foods. This surge in demand has significantly contributed to
the market's revenue growth. Moreover, the food industry widely employs
antioxidants to enhance the shelf life of food products. Natural antioxidants,
derived from foods and medicinal plants, are particularly effective in
improving the shelf life of bakery products, snacks, and other packaged food
items. Carotenoids and polyphenols, as organic antioxidants, exhibit diverse
biological effects, including anti-inflammatory, anti-aging,
anti-atherosclerotic, and anti-cancer properties.
The primary driver of market revenue growth is
the increasing adoption of antioxidants in poultry and meat products.
Antioxidants act as compounds added to food to prevent oxygen from altering the
flavor and color of the food. Notable antioxidants such as Butylated
Hydroxyanisole (BHA), Butylated Hydroxytoluene (BHT), and tocopherols help
maintain the appeal and nutritional value of food items by delaying rancidity
in fats, sausages, and dried meats. Additionally, these antioxidants aid in
preserving natural nutrients like vitamin A. As a result, antioxidants are widely
utilized as a preventive measure in the livestock and food industries, thereby
driving market revenue growth.
Furthermore, the food antioxidants market is
experiencing revenue growth due to the rising demand for synthetic
antioxidants. Tert-Butylhydroquinone (TBHQ), Butylated Hydroxyanisole (BHA),
Butylated Hydroxytoluene (BHT), and Propyl Gallate (PG) are among the commonly
used synthetic food antioxidants. Synthetic antioxidants, being chemically
derived and added to food products as preservatives to prevent lipid oxidation,
are distinct from their natural counterparts. These synthetic substances
enhance the shelf life of food and enable it to withstand various treatments
and conditions, contributing to the market's revenue growth.
Browse over 26 market data Figures spread through 91 Pages and an in-depth TOC on "Global Food Antioxidants Market”
The growing consumer demand for anti-aging
products has led to the widespread use of natural antioxidant compounds in
various cosmetic products. These products help protect the body's cells from
inflammation and aging, and can be found in personal care items like moisturizers,
body lotions, creams, shampoos, conditioners, and more.
Natural antioxidants also play a significant
role in preventing oxidation and extending the shelf life of food. With the
rise of processed foods in the fast-paced lifestyle of the working community,
there is a positive motivation for a healthier lifestyle, leading to increased
demand for fortified foods and beverages. These factors are expected to drive
market growth from 2022 to 2030.
There has also been a notable increase in the
purchasing power of consumers, enabling them to make bulk purchases. This
serves as a significant driver for the market, as higher purchasing power leads
to increased demand for products. Furthermore, advancements in technology have
extended the shelf life of food products, thereby expanding the market for food
antioxidants. Given the interconnectedness of the food market and the overall
market, an expansion in the former inevitably leads to growth in the latter.
However, it is important to acknowledge that the market faces certain
restraints, namely the elevated costs associated with natural antioxidants.
While synthetic antioxidants offer a more cost-effective alternative, they are
not as healthful or safe as their natural counterparts. Consequently, concerns
regarding the safety of synthetic antioxidants also impede the growth of the
Global Market.
However, the high cost of natural antioxidants
poses a challenge, and the availability of synthetic antioxidants at a lower
cost with limited health benefits has not fully met the demand of the general
population. Safety concerns associated with synthetic antioxidants also hinder
the food antioxidant market. Additionally, the global pandemic has
significantly impacted the consumption of meat and livestock products, raising
concerns about the transmission of COVID-19 through food consumption. Despite
these challenges, various food agencies maintain that the safety and quality of
the food supply remain robust, with food antioxidants continuing to play a
vital role in the industry.
The Global Food Antioxidants Market is
segmented into type, form, application, regional distribution, and company.
Based on type, the market can be categorized
into natural antioxidants and synthetic antioxidants. The synthetic
antioxidants segment holds a significant share in the antioxidants market. This
is mainly attributed to the growing demand for synthetic antioxidants driven by
population growth. The overproduction of antioxidants helps lower costs,
leading to increased reliance on antioxidants across various industries.
Antioxidants play a vital role as ingredients in food & beverages and
animal feed additives. Synthetic antioxidants are commonly used as
preservatives in packaged food products. Particularly in the Asia-Pacific
region, the demand for synthetic antioxidants is expected to rise during the
forecast period, driven by strong purchasing power.
Based on application, the market is segmented
into meat & poultry, bakery & confectionery, fats & oil, fish. The
Meat & Poultry application emerged as the dominant market player. This
growth can be attributed to the increasing global consumption of meat and
related food products. Meat and poultry are recognized as excellent sources of
protein, essential for a balanced diet. The consumption of meat & poultry
products provides the human body with an adequate protein intake. The meat
segment primarily encompasses red meat, including pork, lamb, and beef. The
growing popularity of poultry meat, driven by its affordability, is expected to
be a key driver for the poultry market's expansion. Additionally, meat &
poultry products are commonly sold in packaged form, ensuring extended storage
time and convenient consumption as needed. Further, food antioxidants play a
vital role in preserving meat and poultry products, extending their shelf life
by inhibiting bacterial and fungal growth. The anticipated rise in meat &
poultry consumption due to its associated health benefits is expected to drive
the demand for food antioxidants in the upcoming years.
Major companies operating in Global Food Antioxidants Market are:
- Archer
Daniels Midland Company
- BASF
SE
- Camlin
Fine Sciences, Ltd.
- Dow,
Inc.
- DuPont
de Nemours, Inc.
- Eastman
Chemical Company
- Frutarom
Industries Ltd.
- Kalsec,
Inc.
- Kemin
Industries, Inc.
- Koninklijke DSM NV
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“In emerging markets, where lifestyles are
evolving rapidly, there is a competitive increase in demand from workplaces and
homes. In India, natural antioxidants like Oryzanol have gained significant
popularity post-pandemic. The Ricela Group has introduced Gamma Oryzanol to
India in the form of nutraceutical capsules. According to AP Organics Limited,
it helps reduce high blood cholesterol and is effective in treating anxiety,
managing sugar levels, and assisting patients with hypothyroidism. It also
plays a crucial role in preventing lifestyle diseases. In 2022, Kemin
Industries launched a clean label solution with antioxidant properties and
moisture retention capabilities that improve texture and extend the shelf life
of food products. Kemirks showcases its latest clean-label innovations aimed at
enhancing shelf-life, providing microbial protection, improving textural
quality, and increasing yield for a wide range of food applications. Among
Kemin's solutions, NaturFort stands out as a versatile combination of rosemary
and green tea extracts that complement each other. These extracts not only
offer food protection but also positively impact flavor, color, and odor. In
the snack market, clean label antioxidant solutions significantly delay or
prevent lipid oxidation, while in bakery solutions, mold inhibitors help
prolong product lifespan. Kemin's range of plant extracts and antioxidants also
contribute to dressings and sauces staying fresher and safer for longer periods
while maintaining a clean label status. This is leading to a growing preference
for convenience, where fast food is expected to differentiate itself from junk
food by offering quick, easy, and healthier options. Suppliers and
manufacturers have an opportunity to capitalize on this trend by identifying
ingredients with naturally high nutritional value. Additionally, the rise in
working women and nuclear double-income families, particularly in urban areas,
is shaping these changing lifestyles. Busy schedules and shifting consumption
patterns have resulted in a higher demand for processed, ready-to-cook, and
ready-to-eat food, which has also led to increased brand-consciousness.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Global Food Antioxidants Market By Type (Natural, Synthetic), By Form
(Dry, Liquid), By Application (Meat & Poultry, Bakery & Confectionery,
Fats & Oil, Fish), By Region, By Competition Forecast & Opportunities,
2018-2028F”, has
evaluated the future growth potential of Global Food Antioxidants Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Food Antioxidants Market.
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