Reports - Food Antioxidants Market
Food Antioxidants Market Size, Share & Trends Analysis Report by Type (Natural, Synthetic) by Form (Dry, Liquid) by Source (Fruits & Vegetables, Oils, Spices & Herbs, Botanical Extracts, Gallic Acid, Petroleum-Derived) by Application (Fats & Oils, Prepared Foods, Prepared Meat & Poultry, Beverages, Seafood, Bakery & Confectionery, Plant-Based Alternatives, Nutraceuticals, Other Applications) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2017 - 2022) & Forecast (2023 - 2030)
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USD 2.07 Billion
USD 4.16 Billion
6.55%
Asia Pacific
38.5%
North America
USD 0.79 Billion
The global
Food Antioxidants Market
USD 2.07 Billion in 2022
USD 4.16 Billion by 2030
6.55%
Premium Insights
The market is growing due to the increased demand and consumption of processed food. Food antioxidants are widely used in the food industry as they enhance the shelf life of products like bakery, confectionery, and snacks. The use of antioxidants effectively restricts oxidation and prolongs the freshness of food items. For instance, the American Heart Association recommends a diet rich in antioxidants, found in fruits, vegetables, and other foods, to combat cardiovascular disease. Additionally, the US Agricultural Research Service suggests that a diet abundant in antioxidants, particularly those found in blueberries, strawberries, and spinach, may help prevent age-related brain function decline.
Economic Insights
The global Food Antioxidants market is experiencing strong economic dynamics influenced by various factors. The increasing awareness of health and wellness worldwide, along with a growing preference for clean and natural products, is fueling the demand for foods with high antioxidant content. The market is also being expanded by economic growth and higher disposable incomes in emerging markets, as consumers in these regions seek premium and value-added food products. Additionally, the globalization of food supply chains and the rise of e-commerce platforms are making it easier for both established and emerging players to access the market and create new opportunities.
Top Market Trends
Market Segmentation
Food Antioxidants {{Segmentation_Ext}}
Based on Type
Synthetic holds the largest share
The Food Antioxidants market is dominated by the synthetic type because they are recognized for being cost-effective, stable, and having a longer shelf life compared to their natural counterparts. These characteristics make them ideal for a wide range of food applications, including processed and packaged foods, as well as beverages. Common synthetic antioxidants like BHA, BHT, TBHQ, and PG are essential in maintaining the freshness, quality, and nutritional value of food products by preventing spoilage and rancidity.
Based on
Form
Dry
will dominate the market during Forecast Period
The dry form segment is positioned to dominate the market for Food Antioxidants. Dry antioxidants, which come in powder, granular, or flake form, are highly preferred due to their easy storage, transportability, and ability to be incorporated into a wide range of food products. Their cost-effectiveness further contributes to their popularity among food manufacturers.
Based on Source
Petroleum-Derived will account for largest market share
The Food Antioxidants market is expected to dominated by petroleum derived. Synthetic antioxidants, which come from petroleum products, are well-known for being cost-effective and stable, surpassing natural antioxidants in these areas. Petroleum-derived antioxidants include BHA, BHT, TBHQ, and PG, which are vital in preserving the freshness, quality, and nutritional value of food products while preventing spoilage and rancidity. The increasing demand for processed foods and packaged snacks is a significant factor driving the growth of the petroleum-derived antioxidants market, with their usage also observed in nutraceuticals and dietary supplements.
Based on Application
Prepared Meat & Poultry will account for largest share
The prepared meat and poultry segment is expected to dominate the Food Antioxidants market because these processed and packaged products are highly susceptible to oxidation and spoilage, so antioxidants are necessary to preserve their freshness, quality, and nutritional value. The growing demand for convenient and easy-to-prepare products, along with factors like urbanization and increasing disposable incomes, are driving the growth of the prepared meat and poultry.
Based on Region
Asia pacific will lead the market
The Food Antioxidants market in the Asia Pacific region is expected to dominate in 2022 due to the growing demand for processed foods and packaged snacks, the increasing popularity of nutraceuticals and dietary supplements, rising disposable incomes, and changing lifestyles. Some countries in the Asia Pacific like China, India, Australia, Thailand, and Malaysia, have large and expanding populations with rising disposable incomes and evolving consumer preferences. As a result, there is a significant increase in the demand for different food products, including processed foods, packaged snacks, and nutraceuticals, all incorporating food antioxidants.
Competitive Landscape
The market for Food Antioxidants is highly competitive, with regulatory compliance, quality assurance, and adherence to food safety standards playing a crucial role in influencing the dynamics among industry participants. Major companies in this industry are actively involved in strategic efforts such as creating new products, engaging in mergers and acquisitions, and forming partnerships to gain a competitive advantage. The market consists of a combination of well-established multinational corporations and emerging companies aiming to meet the increasing demand for natural and clean label antioxidants from consumers.
The players in the global Food Antioxidants market include Sonoco Products Company, Cryopak Europe, Pelican BioThermal, Cold & Co, ACH Foam Technologies Inc., Saeplast, AccsA’tech, Insulated Products Corporation, TKT GmbH, Snyder Industries, Envirotainer AB among others.
Recent Market Developments
Segmentation of the Global Food Antioxidants Market
Source: www.vantagemarketresearch.com
Parameter | Details |
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Type | By Type
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Form | By Form
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Source | By Source
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Application | By Application
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Region | By Region
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Base Year
2023
Historic Year
2018 - 2022
Forecast Year
2023 - 2032
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