Press release
Antioxidants Industry: Forecasting Health and Wellness Trends (2023-2033)
According to recently published data on the antioxidants industry, global consumption is predicted to generate US$ 3.69 billion in sales in 2022, representing a 4.2% year-over-year growth. During the forecast period of 2022 to 2032, it is expected that the demand for antioxidants will increase globally at a CAGR of 4.5%.By the end of 2032, Persistence Market Research projects that the global antioxidant market will be worth US$5.7 billion. With CAGRs of 5.1% and 4.3%, respectively, during the same period, East Asia and North America are anticipated to continue to be important regional markets in the antioxidants industry.
The antioxidants market is witnessing significant growth as the food and beverage industries place an increasing focus on health and wellness. Antioxidants play a crucial role in preventing oxidation and the formation of harmful free radicals in food and beverages, contributing to longer shelf life and enhanced nutritional value.
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One of the key drivers behind the market's growth is the rising consumer demand for healthier food and beverage options. With growing awareness about the importance of antioxidants in maintaining overall health and preventing chronic diseases, consumers are actively seeking products that contain natural antioxidants. This shift in consumer preferences is driving food and beverage manufacturers to incorporate antioxidants into their product formulations.
Moreover, the food industry is incorporating antioxidants to extend the shelf life of perishable products. Antioxidants help inhibit the oxidation process, delaying spoilage and maintaining the quality and freshness of food and beverages. This is particularly important for products with high fat content or those prone to oxidation, such as oils, snacks, and processed meats. The demand for antioxidants in food preservation is thus driving market growth.
Furthermore, the beverage industry is leveraging antioxidants to develop functional and healthier beverage options. Antioxidant-rich beverages, such as herbal teas, fruit juices, and energy drinks, are gaining popularity among health-conscious consumers. These beverages not only offer refreshment but also provide additional health benefits associated with antioxidants, driving the demand for antioxidant ingredients in the beverage sector.
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As the food and beverage industries prioritize health and wellness, the antioxidants market is experiencing significant growth. The incorporation of antioxidants in food and beverage products is driven by consumer demand for healthier options and the need for extended shelf life. With the increasing emphasis on health-conscious choices and the rising awareness of the benefits of antioxidants, the market is poised for continued expansion.
Companies Covered in This Report -
• BASF SE
• Vinati Organics
• Trigon Antioxidants Pvt. Ltd.
• Sandhya Organic Chemicals Pvt. Ltd.
• Sarex
• UPL
• SI Group
• Songwon
• VDH Chem Tech Pvt. Ltd.
• Adishank Chemicals Pvt. Ltd.
• Khera Chemical Industries
• Cristol
• Sasol Limited
• Prakash Chemicals
• Adeka Corporation
• Clariant AG
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Key Segments Covered in Antioxidants Industry Research
By Type:
• Alkyl Phenol Derivatives
o 2,4 DTBP
o 2,6 DTBP
o Ortho tert butylphenol
o Para tert butylphenol
• Phosphite & Phosphonite
o Tris(2,4-ditert-butylphenyl) phosphite
o Bis(2,4-di-t-butylphenyl) pentaerythritol
o Tetraphenyl Dipropylene Glycol Diphosphite
• Phenolic Antioxidants
o AO 1098
o AO 3114
o AO 1024
o AO 1520
o AO 1035
By Application:
• Polyurethane
• Polyester
• Polycarbonate
• Coating Resin
• PVAC
• PVA
• PVC
• Nylon
• Polyimide
• PEEK
• PAEK
• ABS
• Polystyrene
• Polybenzimidazole
• Petroleum Products
o Fuel & Lubricants
o Industrial Lubricants
o Greases
o Engine Oils
o Hydraulic Fluids
o Transmission Oil
o Others
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa
About us:
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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NY 10007 United States
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