What's driving the Antioxidants Market Growth?| Prominent Players: Kemin Industries, Vitablend, Cargill, Naturex, BASF & DuPont

Increasing consumption of processed food, high demand for products with longer shelf life, rapid urbanization, and rising disposable income are some of the factors boosting the growth of the global antioxidants market. An antioxidant is a substance that can reduce the damage which can be caused to other substances due to oxidation.

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Based on product, the antioxidants market is categorized into natural and synthetic antioxidants. In the report, natural antioxidants are further classified into vitamin C, vitamin E, vitamin A, polyphenols, and carotenoids, and synthetic antioxidants are further categorized into tert-butylhydroquinone (THBQ), butylated hydroxytoluene (BHT), butylated hydroxyanisole (BHA), and Propyl Gallate (PG).

On the basis of application, the antioxidants market is categorized into pharmaceuticals, food and beverages, feed additives, and cosmetics. Of these, the food and beverages category is expected to hold largest share in the market during the forecast period. The antioxidants found in fruits help fight various kinds of health problems, such as cardiovascular diseases.

Stringent government regulations related to antioxidants are expected to hamper the growth of the antioxidants market to some extent. This can be mainly ascribed to the quality certifications required for the manufacturing of antioxidants-based products. For instance, FAMI-QS, a European system quality certification, is required by the companies that develop animal feed additives involving the use of antioxidants.

One of the major factors driving the growth of antioxidants market is the increase in consumption of processed food. In recent years, the demand for processed food or ultra-processed food has considerably increased across the globe. The processed food products available in the market are high in saturated fats, carbohydrates, total fats, free sugars, and sodium and low in essential nutrients such as fiber, proteins, vitamins, and potassium.

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Due to the presence of a large number of regional and domestic players, the antioxidants market is fragmented. Some of the major players operating in the market are Kemin Industries Inc., Vitablend Nederland B.V., Koninklijke DSM N.V., Nutreco N.V., Aland (Jiangsu) Nutraceutical Co. Ltd., Cargill Incorporated, Kalsec Inc., Naturex S.A., BASF SE, E. I. du Pont de Nemours and Company, and Archer Daniels Midland Company (ADM).

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