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Food Antioxidant Market By Type (Natural and Synthetic), Form (Dry and Liquid), By Application (Fats & Oils, Packaged foods, Beverages, Bakery & confectionery, Seafood, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 12-Jun-2021 Category: Food & Beverage Report Format : PDF Pages: 160 Report Code: ZMR-2519 Status : Published

The global Food Antioxidant market accounted for USD 1090.5 Million in 2020 and is expected to reach USD 1785.4 Million by 2028, growing at a CAGR of 6.3% from 2021 to 2028.

Description

Market Overview     

The global Food Antioxidant market accounted for USD 1090.5 Million in 2020 and is expected to reach USD 1785.4 Million by 2028, growing at a CAGR of 6.3% from 2021 to 2028.      

Antioxidants are the substance that prolongs the shelf life of foods by preventing oxidation by saving the food product from deteriorating. Apart from food, antioxidants are used in cosmetics and animal feed additives to reduce singlet oxygen. Antioxidants prevent fat rancidity and color changes in the food.

It helps in destroying some of the free radicals that would harm or damage the body cells. They are used to increase shelf life of the food items. Moreover, natural ingredients such as color, flavor, among others serve as powerful antioxidants, which have high demand in various applications of the bakery ingredient market, which drive the growth of the market during the forecast period.

The major players in the global food antioxidant market is emphasizing in the merger & acquisition in order to surge the product portfolio and also to increase the presence across the globe. The companies in the market are focusing in expanding business across all the region and developing strategies to size up production capability and strengthen global presence.  

COVID-19 Impact Analysis:

The food & beverages industry as a whole had been growing at a significant growth rate prior to the COVID 19 outbreak; however, it has experienced an anomaly in recent times as consumers are being selective on their purchases. The disruption of supply chain has further crippled the out-of-home consumption of food & beverages. Although the out-of-house consumption of food & beverages witnessed a standstill, the at-home consumption of food has significantly increased; thereby, observing a significant share in the global food & beverages market. Furthermore, the demand for staple and packaged food has witnessed an upward trend recently, which is attributed to the active lockdown, absence of convenient home delivery options, and precautionary action taken by people to prevent getting infected by the coronavirus.

However, the outbreak of the novel coronavirus has slightly affected the growth of the food antioxidants market. According to the American Bakers Association, in the U.S., the baking industry employs almost 800,000 skilled individuals, generates over $44 billion in direct wages, and has an overall economic impact of over $153 billion.

The significant decrease in the global food antioxidants market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary Forms and the current data available about the situation.

Growth Factors

The food antioxidant market is expected to witness substantial growth within the forecast period. The food antioxidants market has been gaining importance due to its extensive use of the prepared foods & beverages industry. An increase in the purchasing power of the global population can also be attributed to the growth of the food antioxidants market. The food antioxidants market is projected to grow at a CAGR of 6.3%. The market is mainly driven due to increasing end-user applications of food antioxidants. The high cost of food antioxidant and safety issues with synthetic food antioxidants are hindering the market growth. Growing demand in emerging economies is anticipated to set new growth opportunities in the near future.     

Report Scope:

Type Segment Analysis Preview

The market is segmented into natural and synthetic food antioxidant. Synthetic antioxidants accounted for the most dominant segment. Emerging economies mostly rely on synthetic antioxidants due to their lesser cost compared to natural antioxidant. However, natural antioxidants are gaining importance in the market and this segment is expected to grow with a higher CAGR compared to that of synthetic antioxidants.

Application Segment Analysis Preview

 By application, the market is segmented into fats & oils, prepared foods/meat/poultry, beverages, bakery & confectionery, seafood and other food antioxidant applications. The market for food antioxidants is directly influenced by the increase in the purchasing power of the global population, owing to their use in applications such as prepared foods, prepared meat & poultry, beverages, fats & oils, bakery & confectionery, and seafood. The application of food antioxidants in the prepared meat & poultry industry accounted for the largest share in 2020. Busier lifestyles, growth in disposable income and more women entering the workforce are the key reasons driving the market for convenience-based products such as prepared meat & poultry. Prepared meat & poultry represents an opportunity for the key market players to invest in R&D and introduce food antioxidants for nutrient, flavor, and color stability of meat & poultry products.

Regional Analysis Preview

Asia-Pacific is projected to be the fastest-growing regional market between 2016 and 2028. The emerging economies of the Asia-Pacific region are a major market for food antioxidants and are increasingly contributing to their demand, due to rise in disposable income, increase in population, and growth in the demand for processed foods; owing to which, the food antioxidants market is projected to grow at the highest rate in this region.

Key Market Players & Competitive Landscape

Some of key players in Food Antioxidant market are Archer Daniels Midland Company, BASF S.E., Camlin Fine Sciences, E I Du Pont De Nemours And Co, Eastman Chemicals, Kalsec Inc., Naturex S.A., Vitablend Nederland B.V., Koninklijke DSM N.V., Frutarom Ltd., Barentz Group, Kemin Industries, Inc.

The global Food Antioxidant market is segmented as follows:    

By Type

  • Natural
  • Synthetic

By Form

  • Dry
  • Liquid

 By Application

  • Fats & Oils
  • Packaged foods
  • Beverages
  • Bakery & confectionery
  • Seafood
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Form
        • 2.1.1.3. Market Attractiveness Analysis, By Application
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Food Antioxidant Market, 2016 – 2028 (USD Million) (Tons)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Food Antioxidant Market – Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
    • 4.2. Natural
      • 4.2.1. Market Size and Forecast, By Region (USD Million) (Tons)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Synthetic
      • 4.3.1. Market Size and Forecast, By Region (USD Million) (Tons)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Food Antioxidant Market – Form Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Form, 2020 & 2028
    • 5.2. Dry
      • 5.2.1. Market Size and Forecast, By Region (USD Million) (Tons)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Liquid
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 6.2. Fats & Oils
      • 6.2.1. Market Size and Forecast, By Region (USD Million) (Tons)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Packaged foods
      • 6.3.1. Market Size and Forecast, By Region (USD Million) (Tons)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Beverages
      • 6.4.1. Market Size and Forecast, By Region (USD Million) (Tons)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Bakery & confectionery
      • 6.5.1. Market Size and Forecast, By Region (USD Million) (Tons)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. Seafood
      • 6.6.1. Market Size and Forecast, By Region (USD Million) (Tons)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.7. Others
      • 6.7.1. Market Size and Forecast, By Region (USD Million) (Tons)
      • 6.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Food Antioxidant Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million) (Tons)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million) (Tons)
      • 7.2.2. North America Market Revenue, By Type, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Form, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Form, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Application, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Form, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Application, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Form, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Application, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million) (Tons)
      • 7.3.2. Europe Market Revenue, By Type, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Form, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Form, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Application, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Type, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Form, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Application, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Form, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Application, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Form, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Application, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Form, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Application, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Form, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million) (Tons)
      • 7.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Form, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Type, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Form, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Application, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Form, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Application, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Type, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Form, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Application, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Form, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Application, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Form, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Form, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million) (Tons)
      • 7.5.2. Latin America Market Revenue, By Type, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Form, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Form, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Application, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Form, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Application, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Form, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million) (Tons)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Form, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Form, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Form, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Form, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 8 Food Antioxidant Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Food Antioxidant Market: Company Market Share, 2019
      • 9.1.2. Global Food Antioxidant Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Food Antioxidant Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Food Antioxidant Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Archer Daniels Midland Company
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. BASF S.E
    • 10.3. Camlin Fine Sciences
    • 10.4. E I Du Pont De Nemours And Co
    • 10.5. Eastman Chemicals
    • 10.6. Kalsec Inc
    • 10.7. Naturex S.A
    • 10.8. Vitablend Nederland B.V
    • 10.9. Koninklijke DSM N.V
    • 10.10. Frutarom Ltd
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Food Antioxidants market. Zion Research has collected and analyzed key data belong to the global Food Antioxidants market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Food Antioxidants across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Food Antioxidants industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Food Antioxidants market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Food antioxidant is a substance that inhibits oxidation; especially for the deterioration of stored food products or removes potentially damaging oxidizing agents in a living organism. Most common fruits, vegetables, and herbs in the diet that contain antioxidants include forms like vitamin E, lutein, vitamin C, beta-carotene, flavonoids, and lycopene. They are mainly used for two different groups of substances: industrial chemicals which are added to products to prevent oxidation, and natural chemicals found in foods and body tissue which are said to have beneficial health effects. The level of antioxidants in any substance or food is evaluated with an ORAC score, which stands for oxygen radical absorption capacity. ORAC tests the power of a plant to absorb and eliminate free radicals.

The global food antioxidants market is expected to witness robust growth in the near future. Food antioxidant market is categorized on the basis of type, form, and application. The market is mainly driven by growing demand for food & beverages, animal feed additives, and pharmaceuticals. However, the high cost of natural food antioxidants, safety issues with synthetic food antioxidants and the increasing threat of synthetic antioxidants as a substitute are the major restraints of the market. Nonetheless, proactive consumer behavior toward healthy lifestyle and preference for natural product offer vast opportunities for the industry participants in food antioxidant market.

The food antioxidant type segment is further segmented into natural and synthetic. A synthetic antioxidant is most commonly used due to cost. Synthetic antioxidant dominated the market in 2016.  But due to change in the pattern of consumption, there is a huge demand towards the usage of natural oxidant. Still, the global antioxidant market is dominated by synthetic antioxidant, as it is the main driver of the developing economies. Natural antioxidant shows potential growth due to its application in varied industries from food & beverages, pharmaceutical, animal feed to the cosmetic industry.

Food Antioxidants Market


By application, food antioxidant market is categorized into fats & oils, prepared foods/meat/poultry, beverages, bakery & confectionery, seafood, and others.  Antioxidants are used to conserve food and pharmaceutical products. Food & beverages show potential growth due to the usage of natural antioxidants in the preservation of food and beverages; to inhibit the oxidation of the food and enhance the shelf life of the products. Another segment is by form, which is bifurcated into the dry and liquid form of food antioxidant.

By geography, global food antioxidant market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa regions. The market is mainly dominated by Asia Pacific region in 2016 due to increasing health awareness and rising demand for anti-aging products. Asia-Pacific is followed by North America and Europe, these two markets show inclination towards usage of natural antioxidant due to proactive health awareness for the nutritional and cosmetic product obtained from natural resources.  In Europe market, major growth for an antioxidant is contributed by UK, Germany, and Italy. Increasing income and population in the usage of the product shows potential growth in future of food antioxidant market.

The report also includes detailed profiles of end players such as E I Du Pont De Nemours and Company, BASF SE, Archer Daniels Midland Company, Koninklijke DSM N V, Eastman Chemical Company, Frutarom Ltd, Barentz Group, Camlin Fine Sciences Ltd, Kalsec, Inc, and Kemin Industries, Inc. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.


Frequently Asked Questions

The global Food Antioxidant market was valued at USD 1090.5 Million in 2020.

The global Food Antioxidant market is expected to reach USD 1785.4 Million by 2028, growing at a CAGR of 6.3% between 2021 to 2028.  

Some of the key factors driving the global Food Antioxidant market growth are Growth in demand for food & beverages, animal feed additives, and pharmaceuticals and Declining cost of Antioxidants.

Asia-Pacific was the biggest area for Food Antioxidant market in 2020 and is likely to sustain its position in the years to come. The Food Antioxidant market is majorly boosted by the rising in disposable income, increase in population, and growth in the demand for processed foods.

Some of the major companies operating in Food Antioxidant market are Archer Daniels Midland Company, BASF S.E., Camlin Fine Sciences, E I Du Pont De Nemours And Co, Eastman Chemicals, Kalsec Inc., Naturex S.A., Vitablend Nederland B.V., Koninklijke DSM N.V., Frutarom Ltd., Barentz Group, Kemin Industries, Inc. 

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