Antioxidants Market is Expected to Grow with a Stupendous Pace

Global Antioxidants Market is expected to reach $4,531 million by 2022, registering a CAGR of 6.42% during the forecast period. Antioxidants are used as vitamin supplements in the pharmaceutical industry and help in preserving food products.

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The global antioxidants market is poised to witness significant growth during the forecast period owing to decrease in their costs, increase in investment & product approval by regulatory authorities, and increase in their demand in the food & beverage industry. In addition, developed economies have discovered new growth opportunities by shifting their focus on natural antioxidants such as rosemary extract.

It is used in the dairy farming industry in animal feed additive to improve the yield of milk. Increase in demand for synthetic antioxidants and rosemary extract, plummeting costs of antioxidants, and rise in demand for antioxidants in the food & beverage industry are expected to fuel the market growth during the forecast period.

Natural antioxidants have been gaining popularity in the developed economies, as they are more effective and less toxic. The rosemary extract segment is anticipated to witness the highest growth potential, and create lucrative opportunities for market players in the near future.

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Key Findings of Antioxidants Market:
• In 2015, the Vitamin E segment dominated the global market with more than one-third of the total share by volume.

• The natural antioxidant segment is expected to grow at a CAGR of 7.47% during 20162022.

• The rosemary extract segment in the Asia-Pacific region is expected to grow at a CAGR of 8.06% during the forecast period.

• In 2015, butylated hydroxy anisole (BHA) segment occupied the major share in the global market, accounting for about half of the total volume.

• The synthetic antioxidant market in Europe is expected to grow at a CAGR of 5.32% during the forecast period.

The Asia-Pacific market dominated the global market, accounting for more than one-third share in 2015, followed by Europe and North America. However, the LAMEA market is expected to grow at a CAGR of 6.50% during the forecast period due to nutrition deficiency among people in some countries in the region coupled with growing health awareness.

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