Antioxidants Market Size, Share and Scope Analysis to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Antioxidants Market Size, Share & Trends Analysis Report By product (natural & synthetic antioxidants) and application (food products, beverages, pet food/animal food and cosmetic & personal care products), Region, Market Outlook And Industry Analysis 2031"

The global Antioxidants market is estimated to reach over USD 4.21 billion by 2031, exhibiting a CAGR of 8.37% during the forecast period.

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Antioxidants are primarily phenolic compounds in fruits, nuts, vegetables, roots, seeds, leaves, and bark of trees and plants. An antioxidant is a substance that lessens or stops the damage oxidation and breakdown produce. The need for goods with a longer shelf life, the consumption of processed foods, rapid urbanization, and rising per capita income are significant drivers of the market's profitable expansion worldwide for antioxidants. The primary factor driving the market's expansion has been the expanding use of antioxidants in various packaged foods and prepared meals.

Antioxidant supplementation has grown in popularity in maintaining optimal body function. Antioxidants are a class of naturally occurring chemical compounds that can prevent or mitigate oxidative stress in the physiological system. Antioxidants, as exceptional sources of free radical scavengers, help prevent and improve cell damage caused by free radicals. Antioxidants are abundantly produced in nature by plants and animals. Alternately, antioxidants can be produced both chemically and biologically from various agro-related byproducts.

During the projection period, the increasing demand for packaged foods with a long shelf life is anticipated to be the main factor driving up prices for antioxidants. Consumer demand for anti-aging products is rising, which has cautiously led to the immediate implementation of these natural antioxidant components in numerous cosmetic items. Antioxidants are contained in various personal care products, including moisturizers, body lotions, creams, shampoos, conditioners, and others, to protect human body cells from provoking and aging deterioration.
Antioxidants are recognized as crucial and continue gaining momentum in the food and beverage industry. Its widespread use has been aided by consumers' raising awareness of the natural supplement's beneficial effects in preventing chronic diseases, including diabetes and heart disease. Consuming processed foods high in antioxidants and rising demand have restrained market expansion.

List of Prominent Players in the Antioxidants Market:
• Aland (Jiangsu) Nutraceutical Co. Ltd.
• Archer Daniels Midland Company
• Balfour Beatty PL
• Barentz International BV
• BASF SE
• Bayer Material Science A
• Bio-Kleen Products, Inc
• Biosciences
• Calera Corporation
• Camlin Fine Sciences Ltd.
• Cargill Incorporated
• E. I. du Pont de Nemours and Company
• Eastman Chemical Company
• Givaudan
• Huber Engineered Woods LLC
• ICC Industries Inc.
• Kalsec Inc.
• Kemin Industries Inc.
• Kingspan Group
• Koninklijke DSM N.V.
• Naturex S.A.
• Nutreco N.V.
• Thermafiber, Inc

Market Dynamics:
Drivers-
The market for antioxidants is booming due to the rising incidence of cardiovascular illnesses. Unhealthy eating habits, heavy tobacco use, and a lack of exercise are just a few factors contributing to heart disease and stroke. These factors elevate blood pressure and blood sugar levels, leading to obesity. Additionally, increasing the consumption of antioxidants for immune system control and managing heart, eye, and memory diseases is anticipated to support the growth of the global antioxidants market. These antioxidants include vitamins C, E, and polyphenols, which are increasingly used in anti-aging creams and by the cosmetics industry. Additionally, growing consumer awareness of the advantages of fortified foods is anticipated to fuel demand for antioxidants over the projection period.

Challenges:
Lack of knowledge about antioxidant products and excessive antioxidant use are two issues expected to restrain the growth of the antioxidant market. The cosmetics industry's need for more understanding of using antioxidants is also expected to control market expansion. In comparison to synthetic antioxidants, antioxidants are quite expensive, and pricing issues further discourage consumers from using antioxidants, inhibiting the market's growth for these products.

Regional Trends:
In the near future, the Antioxidants market in North America is anticipated to record a substantial revenue share and a high CAGR. This is attributable to growing government attempts to improve consumer awareness of new developments in the antioxidant area and increasing emphasis on research & development to incorporate antioxidants into medications that provide health advantages. The market in this region is expanding due to rising customer preferences for healthy eating and an increase in the number of applications in the food and beverage sector. The area has a sizable client base, and thus it is anticipating tremendous market growth. The increase in demand in numerous end-use industries, including the pharmaceutical and packaged food sectors, and the quickly expanding economy are projected to fuel market expansion. Besides, Asia Pacific had a considerable share of the market. The well-organized food and beverage industry, strict government rules against packaged foods, and fitness-conscious residents are all elements that have boosted regional demand. Manufacturers innovate and use cutting-edge technologies while processing antioxidants.

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Segmentation of Antioxidants Market-
By Product-
• Natural Antioxidants
o Vitamin C
o Vitamin A
o Rosemary extracts
o Vitamin E
• Synthetic Antioxidants
o Butylated hydroxytoluene
o Butylated hydroxyanisole
o Others

By Application-
• Food Products
• Beverages
• Pet food/Animal food
• Cosmetic & Personal Care Products

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.