Press release
Food Antioxidants Market Size, Share, Growth, Trends, and Forecast to 2022 | Key Players are BASF SE, Archer Daniels Midland Company, Koninklijke DSM N.V., Eastman Chemical Company, Frutarom, Ltd, Barentz Group, Kalsec, Inc., and Kemin industries, Inc.
The report "Food Antioxidants Market by Type (Natural, Synthetic), Form (Dry, Liquid), Source (Plant, Petroleum), Application (Fats & Oils, Prepared Foods/Meat/Poultry, Beverages, Bakery & Confectionery, Seafood), and Region - Global Forecast to 2022", The food antioxidants market was valued at USD 1.05 Billion in 2015. It is projected to grow at a CAGR of 5.10% from 2017, to reach 1.48 Billion by 2022. The market for food antioxidants is directly influenced by the increase in the purchasing power of the global population, owing to their use in applications such as prepared foods, prepared meat & poultry, beverages, fats & oils, bakery & confectionery, and seafood.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=91651246
Based on type, the market has been segmented into synthetic antioxidants and natural antioxidants. In the past few years, apprehensions related to the side effects of synthetic antioxidants have given rise to greater research on food antioxidants; which has progressed moderately with significant technological advancements in naturally sourced antioxidants. Food antioxidants are widely used, as they are multi-functional, and add value to a food product by enhancing its shelf life. They also provide various health benefits, such as protection from certain cardiovascular diseases.
Based on form, the market is segmented into dry and liquid. The human body does not naturally produce many antioxidant vitamins; hence, these need to be included in the diet through foods or supplements. The most commonly used food antioxidant vitamins include vitamin C, vitamin E, and beta-carotene. Synthetic food antioxidants such as BHA, BHT, TBHQ, and PG are available for replenishing the antioxidants removed during the refining stage of oil processing along with impurities. These synthetic food antioxidants improve the natural resistance of oils against oxidative deterioration, thus increasing the shelf life of food products.
On the basis of application, the prepared meat & poultry segment accounted for the largest market share in 2016. Prepared meat & poultry products consisting of fat and unsaturated fatty acids undergo oxidative degradation during storage. Antioxidants hinder lipid oxidation and reduce rancidity without any undesirable impact on the nutritional or sensory properties. This results in the quality preservation and extended shelf life of meat & poultry products.
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The Asia-Pacific region is experiencing the highest growth rate, due to the increasing awareness of consumers regarding the benefits of fortified food and the demand for natural antioxidants. The increasing income in the urban sector has also led to the growth in food antioxidants' applications in the prepared F&B industry.
The US and the developed countries in Europe are currently witnessing a trend of consumption of "natural and healthy" foods; hence, they are more inclined toward natural food antioxidants, due to their health benefits and fewer side effects. In developing countries, however, natural food antioxidants are priced higher than their synthetic counterparts; hence, synthetic antioxidants see more demand in these regions. This trend can also be attributed to the less-stringent regulations for food antioxidants in developing countries, as compared to those in developed ones.
Players such as BASF (Germany), DuPont (US), Kemin (US), ADM (US), and DSM (The Netherlands) have a strong presence in the Americas and the Asia Pacific regions. These companies are constantly strategizing their growth plans to expand their operations in the food antioxidants market.
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