Antioxidants Market to Reach $4,531 million, Globally by 2022: CAGR of 6.42% With Key Players Such as Archer-Daniels-Midland Company, BASF SE, E. I. DuPont El Nemours and Company, Barentz International BV, Kalsec Inc. and More

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.

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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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.

The leading market players profiled in the report 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.

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Top Impacting Factors

1. Growth in demand for food & beverages, animal feed additive, and pharmaceuticals

Antioxidants in food & beverage industry are primarily used as preservatives. However, exponential increase in the global population is expected to increase its demand in other industries such as pharmaceutical and animal fodder. Asia-Pacific has high number of undernutrition cases, resulting in high demand for antioxidants supplements. Moreover, farmers are being encouraged to feed fodder with antioxidants, to their cattle to enhance their milk yield

2. Increase in demand for rosemary extract

Companies have shifted their focus on rosemary extract as it has more antioxidant content than others, provides longer shelf life, and prevents premature aging; consequently, it has witnessed an increase in demand. In fact, many companies in U.S. have made substantial investments for the development of antioxidant medicines.

Top Winning Strategies

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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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