Antioxidants Market Predicted to Hit $4,531 million by 2022 - Leading Developers Profiled Such as Archer-Daniels-Midland Company, BASF SE, E. I. DuPont El Nemours and Company, Barentz International BV, Kalsec Inc., Kemin Industries, Inc., Koninklijke DSM

Antioxidants Market report, published by Allied Market Research, forecasts that the global market is expected to garner $4,531 million by 2022, registering a CAGR of 6.42% during the period. In the natural antioxidants category, vitamin E segment accounted for more than one-third share of the global volume in 2015.

Antioxidant is one of the major ingredients used in the food & beverage industry. 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.

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Healthcare sector is a promising market for antioxidants due to their widespread applications in blood pressure management, celiac disease treatment, and liver transplantation procedures.

Natural antioxidants market has been categorized into four types-rosemary extract, vitamin A, vitamin C, and vitamin E; while synthetic antioxidants comprise three types-butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), and others. Synthetic antioxidants segment is projected to dominate during the forecast period. .

The European and North American antioxidants markets are expected to offer lucrative growth opportunities during the forecast period. Increase in pre-aging problems, health issues due to antioxidants deficiency, and food safety concerns drive the antioxidants market in Africa and Asia-Pacific. Even though, U.S. and China contributed major revenue share, China monopolized in vitamin C production.

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The key players in the antioxidants industry include Archer-Daniels-Midland Company, BASF SE, E.I.DuPont El Nemours and Company, Barentz International BV, Kalsec Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Nutreco N.V., Cargill Incorporated, Aland (Jiangsu) Nutraceutical Co. Ltd., and Naturex S.A.

Other prominent antioxidants industry players (not profiled in this report) are DSM, Prinova, Tianjin Jianfeng Natural Products Co. Ltd, Indena SPA, Ajinomoto Omnichem Specialties, Vitablend Nederland B.V., Jet-Mate Canada Inc., Emarald Performance Materials, Adeka Palmarole, Xinier Chemical Technology Ltd, and Nanjing Union Rubber Chemicals Co. Ltd

The key players in the global antioxidants market have adopted acquisitions, agreements, product launch, and partnerships as their key business strategies.

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Owing to the presence of high number of suppliers of natural antioxidants in the market, the bargaining power of the suppliers remains moderate. However, higher number of buyers results in increased bargaining power of buyers. Since, natural antioxidants are expensive as compared to synthetic antioxidants, the threat of substitutes is low at present. However, the market players experience high rivalry due to the presence of several startups as well as established companies.

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