Antioxidants Market Overview, COVID-19 Impact, Types, Top Manufacturer, and Industry Development
Antioxidants are used as vitamin supplements in pharmaceutical industry and help in preserving food products. 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. Conversely, Asia-Pacific is expected to show growth in the demand for synthetic antioxidants 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.
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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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.
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.
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