Global Antioxidants Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: October 28, 2020 |

The global antioxidants market size is projected to grow at a significant CAGR of 5.06% market during the forecast period 2020-2027. The antioxidants market is expected to undergo satisfactory growth during the forecast period on account of increasing demand for supplements, food and beverages, anti-aging nutraceuticals, and cosmetics, and pharmaceuticals. Growing demand and preference for fortified foods favoring the healthy lifestyle trend is expected to drive the growth of the antioxidants market during the forecast period. The demand for natural antioxidants such as vitamin C, E, and polyphenols in cosmetics and nutraceuticals is on the rise. Further proliferation of the pharmaceutical industry on the ground of growth in consumer spending and awareness on health and wellbeing is likely to boost the growth of the global antioxidants market.

Market Insights:

The global antioxidants market is undergoing steady growth due to a shift in consumer preference towards healthy, clean labels and ready-to-eat foods and beverages. Product innovations by market incumbents are further facilitating market growth. Rising consumer preference for natural antioxidants is being witnessed in the antioxidants market and is further supported by a growing number of products that claim safety and health benefits. Competitive prices, heat withstanding food processing, greater health claims, and channel proliferation are some other factors that favor the demand for synthetic antioxidants. This study also reports that the demand for plant-based sources such as vegetables and fruit extracts is on the rise. Furthermore, the use of a combination of natural and synthetic antioxidants is also gaining pace.

Growing demand for milk and dairy products with enhanced shelf-life has urged further adoption of antioxidants in food and beverages. The demand for such products is observed to be highest in the Asia Pacific majorly due to growing awareness about food safety and changing lifestyles. The requirement of antioxidants in food and beverages is also expected to rise in light of growing preference for extended shelf life, taste and color retention, freshness, and stability. Additionally, the forthcoming ban on partially hydrogenated oils is also anticipated to increase the demand for antioxidants during the forecast period. Apart from food and beverages, the demand for antioxidants is anticipated to be further high in pharmaceuticals and supplements. The proliferation of the healthcare industry due to rising healthcare expenditure and high awareness in the general population is likely to fuel the demand for pharmaceuticals and nutraceuticals enriched with antioxidants.

Market Segment Insights:

The global antioxidants market for the purpose of this study is studied for product types and applications. Natural antioxidants (Vitamin C, E and A), polyphenols, and carotenoids (THBQ, BHT, BHA, and others) are the prime antioxidants considered in product segmentation. On the other hand, pharmaceuticals, food and beverages, feed additives, cosmetics, and others are the application areas where antioxidants are used.

Global Antioxidants Market Segmentation:

By Product, 2018–2027 ($ Millon)

  • Natural Antioxidants
    • Vitamin C
    • Vitamin E
    • Vitamin A
  • Polyphenols
  • Carotenoids
    • THBQ
    • BHT
    • BHA
    • Others

By Application, 2018–2027 ($ Millon)

  • Pharmaceuticals
  • Food and Beverages
  • Feed Additives
  • Cosmetics
  • Others

By Geography, 2018-2027 ($ Millon)

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Regional Insights:

For the purpose of this study, the global antioxidants market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. These regional markets are further sub-segmented into top country-level markets that majorly determine the regional industry trends. Among the considered regional markets, North America currently dominates the global antioxidants market, with the United States being the largest country-level market. Significant proliferation of food and beverages and pharmaceutical industries in the region and high consumer awareness are the factors that predominantly drive the North America antioxidants market. On the other hand, Asia Pacific is anticipated to be the fastest-growing market for antioxidants. The rapid growth of the food and beverage market in the region coupled with growing general awareness about health and wellbeing are the most prominent market drivers in the region.

Market Competition Assessment:

The major players currently operating in the global antioxidants market include AkzoNobel NV, Adeka Corp, Aland (Jiangsu) Nutraceutical Co Ltd, Archer-Daniels-Midland Company, Albemarle Corp, BASF SE.

List of Key Companies:

  • Adeka Corp.
  • AkzoNobel NV
  • Aland (Jiangsu) Nutraceutical Co Ltd
  • Albemarle Corp
  • Archer-Daniels-Midland Company
  • Cargill Incorporated
  • Chemtura Corp
  • Dupont
  • DSM
  • Kalsec, Inc.
  • Kemin Industries, Inc.

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Key Questions Answered by Antioxidants Market Report

  • Global antioxidants market forecasts from 2020-2027
  • Regional antioxidants market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
  • Antioxidants submarket forecasts from 2020-2027 covering the market by product, by application, and geography
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to antioxidants market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country level antioxidants markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the antioxidants market

Table of Content:

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2 Executive Summary
2.1 Global Antioxidants Market Portraiture
2.2 Global Antioxidants Market Share, by Product type, 2019 (US$ Mn)
2.3 Global Antioxidants Market, by Application type , 2019 (US$ Mn)
2.4 Global Antioxidants Market, by Geography, 2019 (Value %)
Chapter 3 Global Antioxidants Market Analysis
3.1 Global Antioxidants Market Overview
3.2 Market Dynamics
3.2.1 Market Drivers Rise in conscious effort and awareness of healthy lifestyle Increase in geriatric patient Use of antioxidant product in food and beverage industry Inclination towards usage of organic personal product Surge in demand of antioxidant in animal feed Increase in use of antioxidant in pharmaceuticals
3.2.2 Challenges Lack of awareness about benefits of antioxidant Antioxidant Sides effects Dynamic changes in Product demand
3.2.3 Opportunities Proactive consumer behavior toward healthy lifestyle and preference for natural product Benefits of Antioxidant usage
3.3 Attractive Investment Proposition
3.4 Market Share Analysis of Key Manufactures in Antioxidants Market
Chapter 4 Global Antioxidants Market Analysis, by Product, 2018-2027 ($ Million)
4.1 Introduction
4.2 Natural Antioxidants
4.2.1 Vitamin C
4.2.2 Vitamin E
4.2.3 Vitamin C
4.2.4 Vitamin E
4.3 Synthetic Antioxidants
4.3.1 THBQ
4.3.2 BHT
4.3.3 BHA
4.3.4 Others
Chapter 5 Antioxidants Market Analysis, by Application 2018-2027 ($ Million)
5.1 Introduction
5.2 Pharmaceutical
5.3 Food and beverage
5.4 Feed Additive
5.5 Cosmetic
5.6 Others
Chapter 6 Global Antioxidants Market, by Geography, 2018-2027 ($ Million)
6.1 Preface
6.2 North America (U.S. & Canada)
6.3 Europe (U.K., Germany & Rest of Europe)
6.4 Asia Pacific (China, Japan, and Rest of APAC)
6.5 Latin Americ (Brazil, Mexico and Rest of LATAM)
6.6 Middle East and Africa (UAE, Saudi Arabia, South Africa)
Chapter 7 Company Profiles
7.1 AkzoNobel NV
7.2 Adeka Corp.
7.3 Aland (Jiangsu) Nutraceutical Co Ltd
7.4 Archer-Daniels-Midland Company
7.5 Albemarle Corp
7.7 Cargill Incorporated
7.8 Chemtura Corp
7.9 Dupont
7.10 Kalsec, Inc.
7.11 Kemin Industries, Inc.
7.12 Koninklijke DSM N.V.
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