The estimated size of the antioxidants market in 2022 was close to USD 2.11 billion. The market would be driven by a number of variables throughout the course of the projected period, including the expanding worldwide population, increasing demand for packaged goods, and the pharma industry's explosive rise. It is likely to have produced USD 5.3 billion by 2033, alongside a CAGR of 9.1% from 2023 to 2033.
The growth is mainly driven by rising worldwide consumption of meat, growing preference for anti-aging goods, rigorous government regulatory framework, and food products with longer shelf lives. The global antioxidants market is now being boosted by a rise in demand for anti-aging goods.
Antioxidants are molecules that serve to protect the body from the potentially detrimental properties and effects of volatile substances called free radicals. Antioxidants aid in the destruction of free radicals which can harm or kill body cells.
Consumers are boosting the demand for food goods such as processed meats & packaged foods due to the expanded shelf life of food products and eliminating rancidity, and so raising the demand for antioxidants in foods.
Antioxidants in the diet are beneficial to your consumer health in a variety of ways, including heart, urinary tract health prostate, and eyes. Increasing the dietary antioxidant intake will assist to protect the body against memory loss, immune system issues, and mood disorders.
| Report Attribute | Details |
|---|---|
| Estimated Market Value (2022) | USD 2.11 billion |
| Expected Market Value (2023) | USD 2.1 billion |
| Projected Forecast Value (2033) | USD 5.3 billion |
| Anticipated Growth Rate (2023 to 2033) | 9.1% |
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The global market of antioxidants has witnessed a historical growth of 3.2% from 2018 to 2022. Increasing products is likely to boost the revenues in the global market. A new line of antioxidant-infused skincare products from two leading brands is being launched in 2021. The products, from SK-II and Shiseido, are said to defend skin against environmental aggressors and help keep it looking young and healthy.
The market for antioxidant skincare is growing rapidly as consumers become more aware of the importance of protecting their skin from the damaging effects of the environment. These new product line offers the latest in antioxidant technology to provide users with the best possible results. The products are also available at department stores and online retailers worldwide.
Rising Health Awareness And The Trend Of Choosing Naturally Sourced Products may Boost Growth
According to a new analysis by Future Market Insights, the global natural antioxidants market is predicted to reach USD 2 billion by 2023. The rising desire for natural personal care products is expected to boost the natural antioxidants market demand because of its advantages to skin and hair.
Growing consumer awareness of the benefits of fortified foods is predicted to drive demand for natural antioxidants over the forecast period. Consumer awareness of the health advantages of natural antioxidant consumption is expected to drive market expansion.
The ease of availability, the rapid development of the healthcare industry, and the low cost of these ingredients all contribute to industry growth for vitamin E and vitamin C supplements.
Vitamin C demand was the highest in 2021, contributing to over 82% of global demand, and this growth is anticipated to persist over the projected period. The product's widespread use in pharmaceuticals, combined with rising drug demand due to the high frequency of cancer and cardiovascular disorders, is predicted to propel the market forward.
Vitamin C overproduction is expected to stifle market growth in the coming years. Because of their rising use in pharmaceuticals for color, carotenoids are expected to be the fastest-growing section of the global market.
A Rise In Demand For Cosmetic And Personal Care Products That Are Having Antioxidants
The cosmetic antioxidants market is expected to grow at a CAGR of 6.4% worth USD 211.8 million in 2022 to USD 258 million in 2025. Cosmetic antioxidants are chemicals that are used in cosmetic compositions to extend the shelf life of cosmetics and protect human cells from harm.
Natural and chemically generated antioxidants are utilized in a variety of cosmetic goods such as skincare, haircare, and makeup, according to the cosmetic antioxidants market analysis. Antioxidants are found in a wide range of anti-aging, anti-inflammatory, UV protection, hydrating, and hair conditioning products. Some of the key antioxidants included in this study were vitamin A, vitamin E, butylated hydroxytoluene (BHT), and butylated hydroxyanisole (BHA).
Antioxidants can help to slow down the aging process although aging is a natural process. One of the major consumers of cosmetics is the elderly population. Anti-aging beauty products are in great demand due to the world's expanding aging population. Bulldog skincare, for example, incorporates natural antioxidants like vitamin E and rosemary extract.
SilymarinCF, an antioxidant face serum, was launched by SkinCeuticals in February 2021 after a 6-year development phase. SkinCeuticals unveiled its new antioxidant category and announced the debut of this new oil-free formula for those whose skin reacts poorly to the company's previous antioxidant products, such as the widely used C E Ferulic serum and Phloretin CF.
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The synthetic segment of the food antioxidants market is projected to account for the largest share
Most synthesized food antioxidants come in flakes, fine grain, powder form, and tablets in dry form. The synthetic category accounted for 66.5% of the market in 2022. It is in high demand among food manufacturers since it is easy to mix with a wide range of foods, such as bakery and confectionery, prepared snacks, and prepared meat and poultry items, and it is easy to store and handle.
Manufacturers or producers prep them so that they can be converted into the most usable state for consumers. BHA (Butylated hydroxyanisole), for instance, is a sticky, white material that is typically sold in the shape of tablets or flakes but can also be purchased in powdered form. BHT comes in fine crystals and is found in nature as white granular crystals. TBHQ is beige dust or white crystal which can be purchased in a variety of dry forms. Numerous natural dietary antioxidants, such as vitamins C and E, are accessible in free-flowing powder form.
Fortified Beverages or Antioxidant-Rich Beverages Are Becoming Popular Among Consumers
During the forecast period, the worldwide antioxidant beverage market is expected to develop at a CAGR of 8.8%. The market’s growth has been fueled by customer demand for better and healthier hydration and rising health consciousness. Antioxidant beverages are also taking steps to raise awareness about the health advantages connected with their intake.
Bai Brands, the selling antioxidant beverage on the market, for example, has a website dedicated to describing what antioxidants are. Other issues restricting the market for antioxidant beverages include clean label claims such as organically sourced ingredients and no added preservatives.
For example, as American consumers seek clean-label, nutritious ingredients, and functional beverages, naturally, plant-based antioxidants are gaining market share in the region. Carotenoids, Vitamin K, Vitamin C, Vitamin E, Folate, and Manganese, for example, are all antioxidants that help maintain immunity, cleanse, and provide the body with the antioxidants it requires.
The United States Antioxidants Market will dominate this Regional Market
In 2022, the United States dominated the antioxidant market in the North American region, accounting for 20.4% and having a total market value of USD 518.8 million.
This is due to an increase in government activities to increase consumer awareness of new antioxidant inventions and a greater focus on research and development to incorporate antioxidants into medications that provide health advantages.
The growth in the market in this region is due to rising customer interest in a healthy diet and an increase in the level of applications in the food and beverage industry.
The United Kingdom is Likely to be a Lucrative Zone for the European Market
The United Kingdom is going to lead the market in the European region due to the high demand for skin care products that incorporate antioxidant properties and antioxidant-rich beverage. The European Antioxidants market is predicted to rise at a large rate because of the growing consumption and production of packaged food products. From 2023 to 2033, the United Kingdom is likely to dominate the European area with a CAGR of 6.6%.
Food antioxidants industry growth in the United Kingdom is being driven by extended storage periods of food products and growing customer awareness of healthy choices. The antioxidants market in the United Kingdom is projected to rise significantly within the forecast period. The importance of the market for antioxidants is growing because of the growing consumption of prepared food and beverage business in the United Kingdom.
The expansion of the antioxidant market in the United Kingdom can also be related to the increased buying power of the global population. The rising final-usage application of dietary antioxidants is driving the antioxidant market in the United Kingdom. Increased consumption and demand in developing nations are likely to offer up new growth potential for the European Food Antioxidants industry, benefiting the United Kingdom market as well.
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The major market participants are committed to developing new products while also making quick investments and completing acquisitions and mergers. A competitive climate for new market entrants is being created by the main industry participants' increased innovation.
The key players in this market include Aland (Jiangsu) Nutraceutical Co. Ltd, BASF SE, Cargill Incorporated, Kalsec Inc., Koninklijke DSM N.V., Nutreo N.V., Vitablend Nederland B.V., Archer-Daniels-Midland Company, Cargill Incorporated, and others
Some of the products being launched by the key players are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.1% from 2022 to 2032 |
| Market value in 2023 | USD 2.1 billion |
| Market value in 2033 | USD 5.3 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD billion for value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Mexico, Brazil, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, Japan, China, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Aland (Jiangsu) Nutraceutical Co. Ltd; BASF SE; Cargill Incorporated; Kalsec Inc.; Koninklijke DSM N.V.; Nutreo N.V.; Vitablend Nederland B.V.; Archer-Daniels-Midland Company; Cargill Incorporated |
| Customization & Pricing | Available on Request |
The antioxidants market is set to reach USD 2.1 billion in 2023.
The global antioxidants market is poised to achieve a revenue milestone of USD 5.3 billion by 2033.
A CAGR of 9.1% is predicted for the antioxidants market through 2033.
The United States is forecasted to reach USD 518.8 million by 2033, emerging as a prominent player in the antioxidants market.
With a dominant market share of 66.5% in 2022, the synthetic antioxidants segment leads the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Natural Antioxidants 5.1.1. Vitamin C 5.1.2. Vitamin A 5.1.3. Rosemary extracts 5.1.4. Vitamin E 5.2. Synthetic Antioxidants 5.2.1. Butylated hydroxytoluene 5.2.2. Butylated hydroxyanisole 5.2.3. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Food products 6.2. Beverages 6.3. Pet Food/Animal Feed 6.4. Cosmetic and personal care products 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. BASF SE 17.2. ICC Industries Inc. 17.3. Kemin Industries Inc. 17.4. Archer Daniels Midland Company 17.5. Barentz International BV 17.6. Kalsec, Inc. 17.7. Eastman Chemical Company 17.8. Camlin Fine Sciences Ltd. 17.9. Koninklijke DSM N.V. 17.10. Givaudan 18. Assumptions & Acronyms Used 19. Research Methodology
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