The food antioxidants market is likely to capture a valuation of US$ 3.16 billion in 2023 and is predicted to reach US$ 5.25 billion by 2033. The market is registering a CAGR of 5.2% during the forecast period.
The market is driven by a variety of factors, including:
The Popularity of Natural Antioxidant Ingredients Among Consumers Upsurging the Market Growth
The demand for natural antioxidant ingredients is rapidly growing among consumers fueling the market size. Consumers prefer natural and minimally processed foods that are free from synthetic ingredients. The food and beverages sector is increasing the adoption of natural antioxidant ingredients per consumers' preferences to enhance a healthy lifestyle.
Natural antioxidants are safer than synthetic alternatives. These natural antioxidants include vitamins C, and E, carotenoids, and other plant-based sources. However, food manufacturers attract consumers by promoting the health benefits of their products.
Using natural antioxidants aligns with the growing emphasis on sustainability and environmental responsibility. Consumers are becoming more conscious of the environment and looking for sustainably sourced and organic products. Natural antioxidants derived from renewable sources are healthier which is further growing the market size.
Growing Health Concerns Limit the Market Growth
Apart from driving factors, the market is influenced by several restraint factors, including:
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.2% |
| Market Valuation (2023) | US$ 3.16 billion |
| Market Valuation (2033) | US$ 5.25 billion |
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According to Future Market Insights, the market was valued at US$ 2.42 billion in 2018 and is expected to reach US$ 5.25 billion by 2033. As per the report, the market is growing due to the increasing demand for antioxidants in the food industry. The food manufacturers increase food's shelf life and prevent oxidation, fueling the market growth.
Consumers are seeking healthy organic food free from artificial additives and preservatives. It led to a growing demand for natural antioxidants derived from fruits, vegetables, and other natural sources. Moreover, the Asia Pacific region is expected to grow significantly due to the growing demand for processed food products.
Based on product, natural food antioxidants dominate the global market by securing a maximum share by 2033. The rising demand for natural ingredients over synthetic ones is due to clean-label ingredients and health benefits by consumers. Government regulations have become stricter for synthetic, further driving the demand for natural antioxidants.
Adopting natural food antioxidants protects the body from damage caused by harmful molecules. It reduces inflammation, prevents chronic diseases like cancer and heart disease, and improves overall health and well-being. Natural antioxidants are more sustainable, and lower environmental impact drives market growth during the forecast period.
Based on application, oils & fats are leading the global market during the forecast period. The rising adoption of food antioxidants in oils & fats is widely used to prevent rancidity and extends shelf life. The growing demand for processed and organic food products and awareness of health benefits are mushrooming the market growth.
The bakery and confectionery segment also captures better revenue in the global market. The rising demand for healthy ingredients in bakery and confectionery products such as cakes, pastries, and other food items is advancing the market size. In short, the oils & fats segment is estimated to dominate the global market in coming years due to the rising demand for convenience foods.
Principal Consultant
China is a leading player in the global market by securing a maximum share during the forecast period. China is one of the significant markets in the production and consumption of food antioxidants. The wide range of food industry is increasing the adoption of antioxidants that maintain their food quality. Local players dominate China's food antioxidants market, including Jiangsu Chunlan Imp & Exp Co. Ltd and Shanghai Tauto Biotech Co. Ltd.
Moreover, the country is a key exporter of food antioxidants to other countries. China’s low labor cost, massive production, and supplier of food antioxidants are capturing huge revenue in the market. Due to the rising concerns about the safety and quality of food, several food industries imposed strict regulations on low-quality antioxidants. China's global market continues to surge due to increased demand for processed foods and their health benefits.
The United States secured a CAGR of 5.1% with a valuation of US$ 182.3 million in 2020. The increasing demand for processed foods, organic ingredients, natural antioxidants, and growing health benefits drive the market size. The United States food antioxidants market is highly competitive globally as many key companies offer a wide range of antioxidant products.
The players in the United States market include Cargill Inc, DuPont de Nemours Inc, Kemin Industries, and others. The manufacturers are developing exotic dishes with healthy food antioxidants to maintain the better and healthier lifestyle of consumers. The rising demand for longer-lasting food products and prevent spoilage are expected to boom the market size in the country.
The United Kingdom is estimated to secure a relevant global market share during the forecast period. The increasing demand for improved stability and maintained quality of life is raising the country's adoption of food antioxidants. The growing concerns about food safety, shelf life, and benefits of antioxidants are increasing the adoption of food antioxidants in the United Kingdom.
The leading players in the United Kingdom include BASF SE, Archer Daniels Midland Company, Kalsec Inc, Eastman Chemical Company, Kemin Industries, and Barentz Group. These companies offer synthetic and natural antioxidants, including vitamins C and E, green tea, and rosemary extract.
The rising government regulations on food safety are influencing the market in the country. For instance, the European Union has strict regulations on food additives, including antioxidants, and companies must comply with these regulations in European countries. The United Kingdom is expected to grow tremendously in the coming years.
The food antioxidants market is highly competitive in the global market. Several players are upsurging the market by adopting diverse marketing strategies. These players are advancing the market revenue through innovations, mergers, and acquisitions. These players invest extensively in launching new products through research and development activities.
These companies offer clean-label products as per consumers' requirements. The popularity of growing trends of plant-based antioxidants such as fruits, vegetables, and herbs. A few of the key players in the market are as follows:
Other Essential Players in the Market are:
Recent Developments in the Food Antioxidants Market are:
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ billion for Value |
| Key Countries Covered | The Middle East and Africa, Europe, North America, Latin America, Asia Pacific |
| Key Segments Covered | Product Type, Application, Region |
| Key Companies Profiled | Archer Daniels Midland Company; BASF SE; Camlin Fine Sciences Ltd; Kalsec Inc; Kemin Industries Inc; Koninklijke DSM N. V.; Naturex S. A.; Nutreco N.V.; Vitablend Nederland B.V. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at US$ 5.25 billion in 2023.
The market will register a CAGR of 5.2% until 2033.
China is expected to dominate the market by 2033.
The fats & oils market drives the food antioxidants market.
The United Kingdom, the United States, and China are leading markets.
1. Executive Summary | Food Antioxidants Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Natural Antioxidants
5.3.2. Synthetic Antioxidants
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Fats & Oils
6.3.2. Snacks & Dairy
6.3.3. Bakery & Confectionary
6.3.4. Meat Products
6.3.5. Beverages
6.3.6. Seafood
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2023 to 2033
7.3.1. Dry
7.3.2. Liquid
7.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Product
9.2.3. By Application
9.2.4. By Form
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By Application
9.3.4. By Form
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Product
10.2.3. By Application
10.2.4. By Form
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By Application
10.3.4. By Form
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UNITED KINGDOM
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Product
11.2.3. By Application
11.2.4. By Form
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By Application
11.3.4. By Form
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Product
12.2.3. By Application
12.2.4. By Form
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By Application
12.3.4. By Form
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Product
13.2.3. By Application
13.2.4. By Form
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By Application
13.3.4. By Form
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Product
14.1.2.2. By Application
14.1.2.3. By Form
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Product
14.2.2.2. By Application
14.2.2.3. By Form
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Product
14.3.2.2. By Application
14.3.2.3. By Form
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Product
14.4.2.2. By Application
14.4.2.3. By Form
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Product
14.5.2.2. By Application
14.5.2.3. By Form
14.6. UNITED KINGDOM
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Product
14.6.2.2. By Application
14.6.2.3. By Form
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Product
14.7.2.2. By Application
14.7.2.3. By Form
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Product
14.8.2.2. By Application
14.8.2.3. By Form
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Product
14.9.2.2. By Application
14.9.2.3. By Form
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Product
14.10.2.2. By Application
14.10.2.3. By Form
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Product
14.11.2.2. By Application
14.11.2.3. By Form
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Product
14.12.2.2. By Application
14.12.2.3. By Form
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Product
14.13.2.2. By Application
14.13.2.3. By Form
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Product
14.14.2.2. By Application
14.14.2.3. By Form
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Product
14.15.2.2. By Application
14.15.2.3. By Form
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Product
14.16.2.2. By Application
14.16.2.3. By Form
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Product
14.17.2.2. By Application
14.17.2.3. By Form
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Product
14.18.2.2. By Application
14.18.2.3. By Form
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Product
14.19.2.2. By Application
14.19.2.3. By Form
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Product
14.20.2.2. By Application
14.20.2.3. By Form
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Product
15.3.3. By Application
15.3.4. By Form
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Archer Daniels Midland Company
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. E.I. Du Pont De Nemours and Company
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Eastman Chemical Company
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Koninklijke DSM N.V.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Kemin Industries, Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Camlin Fine Sciences, Ltd.
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Frutarom, Ltd.
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Barentz Group
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Kalsec Inc.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. BASF SE
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Food Antioxidants Market
