Food Antioxidants Market

According to Stratistics MRC, the Global Food Antioxidants Market is accounted for $3.2 billion in 2023 and is expected to reach $5.6 billion by 2030 growing at a CAGR of 8.2% during the forecast period. Antioxidants are compounds that prevent oxidation, which could damage organisms' cells and produce free radicals. They can be obtained naturally from a range of fruits and vegetables, such as raspberries, spinach, and eggplant, or they can be manufactured artificially and added to a variety of foods. It is commonly used as an additive for fuel, plastic, and latex, in addition to being a preservative in many processed food products.

According to AP Organics Limited, it helps reduce high blood cholesterol and is effective for treating anxiety, managing sugar levels, helpful for patients of hypothyroidism, and plays an important role in preventing many lifestyle diseases.

Market Dynamics:

Driver:

Growth in the prepared food industries

Foods that have been processed to increase shelf life, reduce rancidity, and make them simpler to use are referred to as prepared foods. There is a gradual rise in the number of working women, the prepared food business is anticipated to experience significant expansion in the upcoming years, which would benefit the market for food antioxidants. Demand for convenience meals has increased as a result of rising disposable incomes brought on by economic expansion, particularly in developing nations like China and India.

Restraint:

Health concerns

The health risks associated with the consumption of synthetic antioxidants present a significant obstacle for the food antioxidant sector. Often, phenolic antioxidants are found in dehydrated and dried foods. During processing and storage, this antioxidant aids in preventing lipid oxidation. Consumers are concerned about synthetic food antioxidants utilized due to adverse reactions, even if diverse food products (including beverages) pass through multiple quality, safety, and regulatory demands. More than a million people with digestive problems may be allergic to or sensitive to phenols, according to a US FDA assessment.

Opportunity:

Popularity of products with a long shelf life

Around the world, consumers' preference for ready-to-eat meals and snacks is rising. Food antioxidants are frequently required for these items to preserve their freshness and shelf life, which offers business potential for antioxidant producers. Consumers and authorities are concerned about the safety of food products and seek to ensure that they are free of hazardous contaminants. Antioxidants can aid in maintaining the quality and freshness of food products, lowering the danger of infection and boosting customer confidence.

Threat:

Low permitted usage limits and strict regulatory compliance

Regulations for food additives and food antioxidants are not widely known among food additives. There are tougher laws about the production, registration, and use of food additives as a result of rising health awareness and supporting research about the toxicity and health issues produced by a few food additives. Several regulatory authorities are currently establishing strict guidelines for the legal use of food additives.

Covid-19 Impact:

The market for meat and poultry was severely impacted by the COVID-19 epidemic since there was a severe shortage of these food items due to the closure of numerous food factories. In addition, due to the possibility of virus transmission through meat during the pandemic, people tended to avoid meat and cattle food products. However, the consumption of packaged foods that could be kept for a longer amount of time increased due to the mounting fear caused by the closure of a large number of local food stores. The COVID-19 strike has had a significant influence on several locations, including Asia Pacific.

The dry segment is expected to be the largest during the forecast period

Due to the rising use of powder-based antioxidants in food products, the dry segment commanded the largest share throughout the projection period. Powders of a technical grade are widely used in many food products. The powder reduces the negative effects of free radicals and may substantially reduce the harm they can do. Additionally, the majority of food antioxidants come in powder, tablet, flakes, and granular forms. Because dry antioxidants are so simple to use, store, and travel, they are highly favored by customers.

The meat and poultry segment is expected to have the highest CAGR during the forecast period

Owing to the increased consumption of meat and food products associated with it around the world, the meat and poultry application category is predicted to grow profitably over an extrapolated period. Humans need a variety of protein sources in their diets, and meat and poultry are regarded as excellent sources. Furthermore, human bodies receive a necessary amount of protein from eating meat and poultry products. Red meat, such as that from pork, lamb, and beef, makes up the meat portion most frequently.

Region with largest share:

Due to the growing populations of nations like China, India, and Japan, the Asia-Pacific region held the largest proportion of the market throughout the projection period. China produced 1.56 trillion USD worth of food, making it the world's top food producer, according to the Food and Agriculture Organization (FAO). The country's expanding population is the main driver of China's food industry. The fact that India is the second-most populous nation in Asia also contributes to the rise in food consumption.

Region with highest CAGR:

Owing to the rising demand from food manufacturers in industrialized countries to relocate their production facilities to emerging economies, where labor costs are low and establishment and production expenses are cheap, Asia-Pacific dominated the highest CAGR over the stipulated period of time. Moreover, with the rising need for natural and synthetic food antioxidants for the production of various food products, has contributed to market revenue growth in the region.

Key players in the market

Some of the key players in Food Antioxidants market include Advanced Organic Materials, S.A., Archer Daniels Midland Company, BASF SE, Camlin fine sciences, Cargill Incorporated, DSM, DuPont, Eastman Chemical Company, Frutarom Industries Ltd, Givaudan SA, Global Specialty Ingredients, International Flavors & Fragrances Inc. IFF, Kalsec Inc., Kemin Industries, Inc, Lonza, Riken Vitamin, Sinofi Ingredients, Vitablend Nederland B.V. and Yasho Industries Ltd.

Key Developments:

In July 2022, ADM announced it acquisition of Yerbalatina Phytoactives. This acquisition will expand ADM’s solutions capabilities in the food, beverage, and health industries with a range of more than 100 botanical products and solutions, including functional nutrition and health ingredients.

In August 2021, new product launch of GEA Ariete Homogenizer 3160 was designed by GEA to be a high-pressure homogenizer to process a wide range of products, including those with high viscosity and solid content. GEA would be able to offer its customers a wider range of options to meet their specific processing needs. This would help strengthen the company’s position as a leading supplier of food antioxidants.

In May 2021, Caldic announced the strategic partnership whereby Caldic Ingredients DACH become Cargill’s exclusive partner for the food industry in Switzerland. The product line includes components such as cocoa and chocolate as well as Cargill's starches, sweeteners, and texturizers. The partnership broadens Caldic's product selection for consumers in the bakery, beverage, confectionery, dairy, nutrition, and savory food sectors.

In February 2021, merger between International Flavors & Fragrances (IFF) and DuPont's Nutrition & Biosciences business, creating a global ingredients and solutions leader serving consumer-oriented food & beverage, home & personal care, and health & wellness markets. The combined company will continue to operate under the name IFF and trade on the New York Stock Exchange.

Sources Covered:
• Natural
• Synthetic

Forms Covered:
• Liquid
• Dry

Types Covered:
• Natural Antioxidants
• Synthetic Antioxidants

Functionalities Covered:
• Color Stability
• Flavor Stability
• Nutrient Stability

Applications Covered:
• Prepared Meat & Poultry
• Prepared Foods
• Fats & Oils
• Beverages
• Other Applications

End Users Covered:
• Seafood
• Bakery & Confectionery
• Plant Based Alternatives
• Nutraceuticals
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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