Food Antioxidants Market

Food Antioxidants Market (2023 to 2033)

The food antioxidants market is likely to capture a valuation of USD 3.16 billion in 2023 and is predicted to reach USD 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:

• Increasing Consumers Awareness: Consumers are becoming more aware of the health benefits associated with antioxidants. These health benefits include their ability to neutralize free radicals and protect against chronic diseases.
• Growing Demand for Natural Antioxidants: The increasing demand for plant-based sources is due to their perceived health benefits and consumer preference for natural ingredients.
• Rising Consumer's Preference for Processed Foods: The demand for processed foods is increasing globally and the adoption of antioxidants products is becoming more widespread. It maintains the product quality and the extent of the shelf life of food.
• Increasing Use in Animal Feed: Antioxidants are also used to protect against oxidative stress and improve animal health.
• Technological Advancements: Advances in technology are leading to the development of new and innovative antioxidant ingredients. It enhances stability, efficacy, and functionality in food and beverages.
• Stringent Regulations: Regulatory agencies are imposing strict regulations on synthetic antioxidants. The top manufacturing companies are shifting towards natural alternatives.
• Growing Food Industry: The food industry is growing rapidly, driven by population growth, urbanization, changing consumer preferences, and rising demand for food antioxidants.

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:

• Health Concerns: Consumers are becoming increasingly health conscious and are opting for organic food ingredients. Many synthetic antioxidants in food products have been associated with health risks that decline the market growth.
• Stringent Regulations: Governments worldwide have established strict regulations for using antioxidants in food products. For example, the European Union has set maximum limits for using certain synthetic antioxidants in food, limiting the market size.
• Price Volatility: The price of antioxidants, both natural and synthetic, can be highly volatile, which makes it difficult for manufacturers to predict their costs accurately. It can lead to supply chain disruptions and affect the market's growth.
• Limited Availability of Raw Material: The availability of raw materials for natural antioxidants can be limited, leading to price increases and shortages in supply. It can impact the growth of the food antioxidant market, especially for natural alternatives.

Attributes	Details
Market CAGR (2023 to 2033)	5.2%
Market Valuation (2023)	USD 3.16 billion
Market Valuation (2033)	USD 5.25 billion

The Food Antioxidants Market, 2018 to 2022 Historical Sales, Compared to 2023 to 2033 Future Outlook 

According to Future Market Insights, the market was valued at USD 2.42 billion in 2018 and is expected to reach USD 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.

• Short Term (2023 to 2026): The increasing demand for organic antioxidants is due to rising chronic diseases and growing consumer preference for packed and processed foods. Asian countries are advancing the market size by establishing new entrants in this time frame.
• Medium Term (2026 to 2029): Growing advanced technologies, innovation of products, and growing concerns towards a healthy lifestyle. The rising food sector, implementing of government regulations, and changing consumers' preferences for organic ingredients drive market growth.
• Long Term (2029 to 2033): Rising investment in research and development activities, growing population, and advanced technologies. Rising disposable income and innovation of wellness products in the food industry are driving market opportunities.

The Top Categories Advancing the Global Market are

Natural Food Antioxidants Segment Dominate the Global Market

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.

The Oils & Fats Segment is Highly Preferred in the Global Market.

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.

Overview of Top Countries in the Global Market

Growing Huge Production in Food Antioxidants Drive China Market

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.

Growing Awareness Related Health Drive the United States Market

The United States secured a CAGR of 5.1% with a valuation of USD 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.

Rising Demand for Food Quality Surge the United Kingdom Market

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.

Competitive Landscape

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:

• 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.

Recent Developments in the Food Antioxidants Market are:

• In September 2021, BASF announced the launch of its new plant-based, high-performance antioxidants product range, Nouvantox. The product range aims to meet the rising demand for clean-label solutions in the food industry.
• In November 2021, Archer Daniels Midland Company announced the acquisition of Sojaprotein, a European leader in plant-based protein. This acquisition is expected to strengthen ADM's position in the plant-based food ingredients market, including antioxidants.
• In June 2021, DuPont Nutrition & Biosciences launched a new line of natural antioxidants called Guardian. The product line is designed to help food manufacturers naturally extend their products' shelf life.
• In January 2020, Kemin Industries announced the launch of a new line of rosemary-based antioxidants called FORTIUM RGT. The product line is designed to provide a shelf-life extension for various food applications.
• In July 2021, Koninklijke DSM N. V. launched the clean-label antioxidant product Synomex. The product is designed to meet the growing demand for natural and clean-label ingredients in the food industry.

Scope of Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	USD 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

Food Antioxidants Market by Category 

By Product:

• Food Antioxidants as Natural
• Food Antioxidants as Synthetic

By Application:

• Processed Foods
• Meat Products
• Fats & Oils
• Bakery & Confectionery
• Beverages

Region:

• North America Market
• Europe Market
• Latin America Market
• Asia Pacific Market
• the Middle East Africa Market

Frequently Asked Questions

What is the current market size?

The market is valued at USD 5.25 billion in 2023.

What is the consumption outlook of the Food Antioxidants market?

The market will register a CAGR of 5.2% until 2033.

Which country is likely to have the highest share by 2033?

China is expected to dominate the market by 2033.

Which application segment of the market is most likely to grow?

The fats & oils market drives the food antioxidants market.

Which are the top countries driving the market?

The United Kingdom, the United States, and China are leading markets.