The global food antioxidants market size is projected to grow at a significant CAGR of over 6% during the forecast period from 2022 to 2028. The increasing use of the product in a variety of packaged food across the globe is a major factor driving the market growth. Furthermore, the increasing focus to extend the shelf life of processed food is further anticipated to boost the market. Moreover, the growing demand for poultry products, increasing consumption of bakery and confectionery products, growing demand for packaged food due to busy lifestyles, and the increasing disposable income per capita in developing economies are projected to propel the market growth over the forecast period.
Market Drivers:
Increasing Consumer Demand for Natural and Healthy Food Products: There is a growing consumer preference for natural and healthy food products. Antioxidants play a crucial role in preserving the quality, freshness, and nutritional value of food by inhibiting oxidation processes. As consumers become more conscious about the quality and health benefits of their food choices, the demand for food antioxidants increases.
Rising Awareness about the Health Benefits of Antioxidants: Antioxidants have been linked to numerous health benefits, including the prevention of chronic diseases, reduction of oxidative stress, and protection against cell damage. Increased awareness about these health benefits among consumers has led to a greater demand for food products fortified with antioxidants.
Extension of Shelf Life and Enhanced Food Stability: Antioxidants are effective in extending the shelf life of food products by inhibiting oxidation and reducing the rate of spoilage. The food industry seeks to improve the stability and longevity of products, especially those with longer supply chains or extended storage periods. Food antioxidants play a crucial role in achieving these objectives.
Growing Food and Beverage Industry: The expanding food and beverage industry, driven by population growth, urbanization, and changing consumer lifestyles, fuels the demand for food antioxidants. As food manufacturers strive to meet consumer demands for longer shelf life, natural ingredients, and healthier options, the use of antioxidants becomes increasingly important in product formulation.
Increasing Application in Various Food Segments: Food antioxidants find applications in a wide range of food segments, including oils and fats, bakery and confectionery, meat and poultry products, beverages, and processed foods. The versatility of antioxidants and their ability to cater to different food categories contribute to market growth.
Stringent Food Safety Regulations: Governments and regulatory authorities worldwide have implemented stringent food safety regulations to ensure the quality, safety, and integrity of food products. Food antioxidants play a critical role in preventing oxidation, rancidity, and the formation of harmful compounds. Compliance with these regulations drives the demand for food antioxidants.
Technological Advancements and Product Innovation: Continuous research and development efforts have led to the development of new and improved food antioxidants. Technological advancements, such as encapsulation techniques, have enhanced the stability and efficacy of antioxidants in food applications. Product innovation drives market growth by offering more effective and efficient antioxidant solutions.
Globalization and International Trade of Food Products: With the increasing globalization of the food industry and the international trade of food products, the demand for antioxidants in food preservation and quality maintenance has grown. Antioxidants help ensure that food products maintain their quality and freshness during transportation and storage, thereby supporting international trade and market expansion.
Market Snapshot:
| Benchmark Year | 2022 | ||
| Market Size | $ xx.x Mnlock | ||
| Market Growth (CAGR) | > 6% (2023-2030) | ||
| Largest Market Share | Asia Pacific | ||
| Analysis Period | 2020-2030 | ||
| Market Players | BASF SE, Archer Daniels Midland Company (ADM), DuPont, Kalsec Inc., and Kemin Industries |
Market Insights:
By type, the natural food antioxidants market is expected to grow at a significant CAGR over the forecast period
The global food antioxidants market is bifurcated into the source, type, form, application, and geography. On the basis of type, the market is further segmented into synthetic and natural sub-segments. The synthetic food antioxidants segment dominated the global market in 2021 and expected to hold the largest revenue share of over half of the market by 2028. The widespread use of BHA, TBHQ, PG, and BHT synthetic food antioxidants in various applications of food products is a major factor driving the segment growth. Furthermore, the increasing use of synthetic oxidants to extend the shelf life and also features better texture, color, and fragrance is further anticipated to fuel the segment growth over the forecast period.
By application, the meat & poultry segment is estimated to hold the largest market share by 2028
On the basis of application, the market is further segmented into meat & poultry, bakery & confectionery, fats & oil, fish, pet food, and others. The meat & poultry segment dominated the global food antioxidants market in 2021 and expected to hold the largest revenue share of around 1/3 market share by the end of the analysis period. The increasing consumption of meat products around the world due to their various health benefits is a major factor driving the segment’s growth. Antioxidants are used to increase the shelf life of meat and poultry products. Meat also contains a high protein value. The high protein value and low cost of the meat & poultry products are some other features expected to increase its demand among consumers, which is anticipated to fuel the segment growth over the forecast period.
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The food antioxidants comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
The food antioxidants market research report presents the analysis of each segment from 2019 to 2028 considering 2021 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2022 to 2028.
Historical & Forecast Period
- 2019-20 – Historical Year
- 2021 – Base Year
- 2022-2028 – Forecast Period
Market Segmentation:
By Source:
- Fruits and Vegetables
- Oils
- Nuts and Seeds
- Spices and Herbs
- Acid
- Others
By Type:
- Synthetic
- Natural
By Form:
- Dry
- Liquid
By Application:
- Meat & Poultry
- Bakery & Confectionery
- Fats & oil
- Fish
- Pet Food
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Regional Analysis:
By region, the Asia Pacific is expected to hold the largest market share by 2028
On the basis of region, the Asia Pacific dominated the global food antioxidants market in 2021 and estimated to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The growing consumption of processed and packaged food in developing economies is a prominent factor to drive market growth in the region. Furthermore, the growing population, increasing popularity of meat & poultry products, and increasing disposable income are further anticipated to fuel the market growth in the Asia Pacific. Moreover, the rising awareness among consumers regarding healthy food products is projected to propel the market over the forecast period.
Geographically, the food antioxidants market report comprises dedicated sections centering on the regional market revenue and trends. The food antioxidants market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The food antioxidants market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Food antioxidants market estimates have also been provided for the historical years 2019 & 2020 along with forecasts for the period from 2022 – 2028.
Competitive Assessment:
Some of the major market players operating in the global food antioxidants market are BASF SE, Archer Daniels Midland Company (ADM), DuPont, Kalsec Inc., and Kemin Industries. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
Key Companies:
- BASF SE
- Archer Daniels Midland Company (ADM)
- DuPont
- Kalsec Inc.
- Kemin Industries
- Camlin Fine Sciences
- 3A Antioixidants
- Eastman Chemical Company
- Frutarom Ltd.
- Barentz Group
- Vitablend Nederland BV
Key Questions Answered by Food Antioxidants Market Report
- Global food antioxidants market forecasts from 2022-2028
- Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
- Food antioxidants submarket forecasts from 2022-2028 covering the market by source, type, form, application, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level food antioxidants markets from 2022-2028
- Competitive Landscape and market positioning of the top 10 players operating in the market
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
1.4. Assumptions
2. Executive Summary
2.1. Global Food Antioxidants Market Portraiture
2.2. Global Food Antioxidants Market, by Source, 2021 (USD Mn)
2.3. Global Food Antioxidants Market, by Type, 2021 (USD Mn)
2.4. Global Food Antioxidants Market, by Form, 2021 (USD Mn)
2.5. Global Food Antioxidants Market, by Application, 2021 (USD Mn)
2.6. Global Food Antioxidants Market, by Geography, 2021 (USD Mn)
3. Global Food Antioxidants Market Analysis
3.1. Food Antioxidants Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Food Antioxidants Market By Source, 2019 – 2028 (USD Mn)
4.1. Overview
4.2. Fruits and Vegetables
4.3. Oils
4.4. Nuts and Seeds
4.5. Spices and Herbs
4.6. Acid
4.7. Others
5. Global Food Antioxidants Market By Type, 2019 – 2028 (USD Mn)
5.1. Overview
5.2. Synthetic
5.3. Natural
6. Global Food Antioxidants Market By Form, 2019 – 2028 (USD Mn)
6.1. Overview
6.2. Dry
6.3. Liquid
7. Global Food Antioxidants Market By Application, 2019 – 2028 (USD Mn)
7.1. Overview
7.2. Meat & Poultry
7.3. Bakery & Confectionery
7.4. Fats & oil
7.5. Fish
7.6. Pet Food
7.7. Others
8. North America Food Antioxidants Market Analysis and Forecast, 2019 – 2028 (USD Mn)
8.1. Overview
8.2. North America Food Antioxidants Market by Source, (2019-2028 USD Mn)
8.3. North America Food Antioxidants Market by Type, (2019-2028 USD Mn)
8.4. North America Food Antioxidants Market by Form, (2019-2028 USD Mn)
8.5. North America Food Antioxidants Market by Application, (2019-2028 USD Mn)
8.6. North America Food Antioxidants Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Food Antioxidants Market by Source, (2019-2028 USD Mn)
8.6.1.2. U.S. Food Antioxidants Market by Type, (2019-2028 USD Mn)
8.6.1.3. U.S. Food Antioxidants Market by Form, (2019-2028 USD Mn)
8.6.1.4. U.S. Food Antioxidants Market by Application, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Food Antioxidants Market by Source, (2019-2028 USD Mn)
8.6.2.2. Canada Food Antioxidants Market by Type, (2019-2028 USD Mn)
8.6.2.3. Canada Food Antioxidants Market by Form, (2019-2028 USD Mn)
8.6.2.4. Canada Food Antioxidants Market by Application, (2019-2028 USD Mn)
9. Europe Food Antioxidants Market Analysis and Forecast, 2019 – 2028 (USD Mn)
9.1. Overview
9.2. Europe Food Antioxidants Market by Source, (2019-2028 USD Mn)
9.3. Europe Food Antioxidants Market by Type, (2019-2028 USD Mn)
9.4. Europe Food Antioxidants Market by Form, (2019-2028 USD Mn)
9.5. Europe Food Antioxidants Market by Application, (2019-2028 USD Mn)
9.6. Europe Food Antioxidants Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Food Antioxidants Market by Source, (2019-2028 USD Mn)
9.6.1.2. Germany Food Antioxidants Market by Type, (2019-2028 USD Mn)
9.6.1.3. Germany Food Antioxidants Market by Form, (2019-2028 USD Mn)
9.6.1.4. Germany Food Antioxidants Market by Application, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Food Antioxidants Market by Source, (2019-2028 USD Mn)
9.6.2.2. U.K. Food Antioxidants Market by Type, (2019-2028 USD Mn)
9.6.2.3. U.K. Food Antioxidants Market by Form, (2019-2028 USD Mn)
9.6.2.4. U.K. Food Antioxidants Market by Application, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Food Antioxidants Market by Source, (2019-2028 USD Mn)
9.6.3.2. France Food Antioxidants Market by Type, (2019-2028 USD Mn)
9.6.3.3. France Food Antioxidants Market by Form, (2019-2028 USD Mn)
9.6.3.4. France Food Antioxidants Market by Application, (2019-2028 USD Mn)
9.6.4. Spain
9.6.4.1. Spain Food Antioxidants Market by Source, (2019-2028 USD Mn)
9.6.4.2. Spain Food Antioxidants Market by Type, (2019-2028 USD Mn)
9.6.4.3. Spain Food Antioxidants Market by Form, (2019-2028 USD Mn)
9.6.4.4. Spain Food Antioxidants Market by Application, (2019-2028 USD Mn)
9.6.5. Italy
9.6.5.1. Italy Food Antioxidants Market by Source, (2019-2028 USD Mn)
9.6.5.2. Italy Food Antioxidants Market by Type, (2019-2028 USD Mn)
9.6.5.3. Italy Food Antioxidants Market by Form, (2019-2028 USD Mn)
9.6.5.4. Italy Food Antioxidants Market by Application, (2019-2028 USD Mn)
9.6.6. Rest of Europe
9.6.6.1. Rest of Europe Food Antioxidants Market by Source, (2019-2028 USD Mn)
9.6.6.2. Rest of Europe Food Antioxidants Market by Type, (2019-2028 USD Mn)
9.6.6.3. Rest of Europe Food Antioxidants Market by Form, (2019-2028 USD Mn)
9.6.6.4. Rest of Europe Food Antioxidants Market by Application, (2019-2028 USD Mn)
10. Asia Pacific Food Antioxidants Market Analysis and Forecast, 2019 – 2028 (USD Mn)
10.1. Overview
10.2. Asia Pacific Food Antioxidants Market by Source, (2019-2028 USD Mn)
10.3. Asia Pacific Food Antioxidants Market by Type, (2019-2028 USD Mn)
10.4. Asia Pacific Food Antioxidants Market by Form, (2019-2028 USD Mn)
10.5. Asia Pacific Food Antioxidants Market by Application, (2019-2028 USD Mn)
10.6. Asia Pacific Food Antioxidants Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Food Antioxidants Market by Source, (2019-2028 USD Mn)
10.6.1.2. China Food Antioxidants Market by Type, (2019-2028 USD Mn)
10.6.1.3. China Food Antioxidants Market by Form, (2019-2028 USD Mn)
10.6.1.4. China Food Antioxidants Market by Application, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Food Antioxidants Market by Source, (2019-2028 USD Mn)
10.6.2.2. Japan Food Antioxidants Market by Type, (2019-2028 USD Mn)
10.6.2.3. Japan Food Antioxidants Market by Form, (2019-2028 USD Mn)
10.6.2.4. Japan Food Antioxidants Market by Application, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Food Antioxidants Market by Source, (2019-2028 USD Mn)
10.6.3.2. India Food Antioxidants Market by Type, (2019-2028 USD Mn)
10.6.3.3. India Food Antioxidants Market by Form, (2019-2028 USD Mn)
10.6.3.4. India Food Antioxidants Market by Application, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Food Antioxidants Market by Source, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Food Antioxidants Market by Type, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Food Antioxidants Market by Form, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Food Antioxidants Market by Application, (2019-2028 USD Mn)
11. Latin America (LATAM) Food Antioxidants Market Analysis and Forecast, 2019 – 2028 (USD Mn)
11.1. Overview
11.2. Latin America Food Antioxidants Market by Source, (2019-2028 USD Mn)
11.3. Latin America Food Antioxidants Market by Type, (2019-2028 USD Mn)
11.4. Latin America Food Antioxidants Market by Form, (2019-2028 USD Mn)
11.5. Latin America Food Antioxidants Market by Application, (2019-2028 USD Mn)
11.6. Latin America Food Antioxidants Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Food Antioxidants Market by Source, (2019-2028 USD Mn)
11.6.1.2. Brazil Food Antioxidants Market by Type, (2019-2028 USD Mn)
11.6.1.3. Brazil Food Antioxidants Market by Form, (2019-2028 USD Mn)
11.6.1.4. Brazil Food Antioxidants Market by Application, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Food Antioxidants Market by Source, (2019-2028 USD Mn)
11.6.2.2. Mexico Food Antioxidants Market by Type, (2019-2028 USD Mn)
11.6.2.3. Mexico Food Antioxidants Market by Form, (2019-2028 USD Mn)
11.6.2.4. Mexico Food Antioxidants Market by Application, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Food Antioxidants Market by Source, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Food Antioxidants Market by Type, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Food Antioxidants Market by Form, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Food Antioxidants Market by Application, (2019-2028 USD Mn)
12. Middle East and Africa Food Antioxidants Market Analysis and Forecast, 2019 – 2028 (USD Mn)
12.1. Overview
12.2. MEA Food Antioxidants Market by Source, (2019-2028 USD Mn)
12.3. MEA Food Antioxidants Market by Type, (2019-2028 USD Mn)
12.4. MEA Food Antioxidants Market by Form, (2019-2028 USD Mn)
12.5. MEA Food Antioxidants Market by Application, (2019-2028 USD Mn)
12.6. Middle East and Africa Food Antioxidants Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Food Antioxidants Market by Source, (2019-2028 USD Mn)
12.6.1.2. GCC Food Antioxidants Market by Type, (2019-2028 USD Mn)
12.6.1.3. GCC Food Antioxidants Market by Form, (2019-2028 USD Mn)
12.6.1.4. GCC Food Antioxidants Market by Application, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Food Antioxidants Market by Source, (2019-2028 USD Mn)
12.6.2.2. South Africa Food Antioxidants Market by Type, (2019-2028 USD Mn)
12.6.2.3. South Africa Food Antioxidants Market by Form, (2019-2028 USD Mn)
12.6.2.4. South Africa Food Antioxidants Market by Application, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Food Antioxidants Market by Source, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Food Antioxidants Market by Type, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Food Antioxidants Market by Form, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Food Antioxidants Market by Application, (2019-2028 USD Mn)
13. Company Profiles
13.1. BASF SE
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Archer Daniels Midland Company (ADM)
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. DuPont
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Kalsec Inc.
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Kemin Industries
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Camlin Fine Sciences
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. 3A Antioixidants
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Eastman Chemical Company
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Frutarom Ltd.
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Barentz Group
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
13.11. Vitablend Nederland BV
13.11.1. Business Description
13.11.2. Financial Health and Budget Allocation
13.11.3. Product Positions/Portfolio
13.11.4. Recent Development
13.11.5. SWOT Analysis
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