Food Antioxidants Market Trends, Category by Type, Top Companies, and Forecast 2030
Food Antioxidants Market Overview
Food antioxidants market is expected to
grow at a CAGR of 5.47% and reach a value of USD 2.25 Bn by 2030
Food Antioxidants Market Trends
Food antioxidants are projected to gain in
popularity as a result of their capacity to extend shelf life and improve
product stability. The global food antioxidants industry is being driven by a
massive growth in the use of ready-to-eat meals and regulatory laws. Food
antioxidants' acceptability as a source of preservation has widened their
applicability in the food business. On a global scale, rising consumer demand
for ready-to-eat foods and products with longer shelf lives is expected to
drive up market demand for food antioxidants. In the food sector, food
antioxidants, whether synthetic or natural, are widely employed for this
purpose. Increased consumer health awareness has a favorable impact on the
natural food
antioxidants market trends. Antioxidants are commonly utilized in the meat
business to slow down the decomposition process.
The trend among customers to consume
ready-to-eat foods in the food and beverage business has created a new market
for antioxidants in the industry. Its various applications, such as increasing
shelf life, nutrition, and product aesthetics, have made it popular in the
convenience food sector.
Synthetic antioxidants, on the other hand,
have prompted concerns about their safety, which could limit the market for
synthetic antioxidants over the projection period. The influence of COVID-19 on
feed consumption has had a direct impact on meat and livestock products and
byproducts, such as milk and eggs. This is primarily due to feed supply
constraints as a result of many facilities being shut down and the bulk of
large countries being placed on lockdown.
Furthermore, due to the fear of the virus
(COVID-19) being transmitted to humans through the consumption of poultry
products, there is a growing level of distrust among consumers. As a result,
the global demand for animal feed has decreased.
Competitive Dynamics
The key players profiled in the food
antioxidants market are Archer Daniels Midland (the U.S.), BASF SE (Germany),
E.I. du Pont de Nemours and Company (the U.S.), Cargill Inc. (the U.S.),
Eastman Chemical Company (the U.S.), Frutarom Ltd. (Israel), Kemin Industries,
Inc (the U.S.)
The food antioxidants market report is divided into two types:
natural and synthetic. Synthetic antioxidants, for example, have a large market
share due to their low cost and great production capacity.
The food antioxidants market is divided into sources, which include
fruits and vegetables, nuts and seeds, oils and petroleum, spices and herbs,
and others. Oils and petroleum have a large proportion of the market due to
their wide range of applications and ease of availability, which has raised the
demand for petroleum-based antioxidants to extend the shelf life of food goods.
Fats & Oils, Processed Foods, Beverages, Bakery &
Confectionery, Meat & Poultry, and Others are the application segments of
the food antioxidants market. Meat and poultry hold a significant share of the
market due to their ease of degradation, which has boosted the demand for food
antioxidants to extend the shelf life of food products.
Region Overview
North America, Europe, Asia Pacific, and the Rest of the World make
up the worldwide food antioxidants market. During the predicted period of
2022–2030, Asia Pacific is expected to maintain its dominance.
One of the major causes of
the rising adoption of natural food antioxidant-based products in the Asia
Pacific market is growing consumer awareness and regulatory laws. During the
forecast period of 2022–2030, however, the global food antioxidants market
trends are expected to develop at the fastest rate in North America.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on
Various Industry Verticals and wherever required we will be considering Covid19
Footprints for Better Analysis of Market and Industries. Cordially get in Touch
for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private
Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States
of America
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Research Report –Global Forecast
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