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Food Antioxidants Global Market Size is Expected to Grow at $3 Billion By 2028 with CAGR of 10.6% | Key Players: BASF SE, Koninklijke DSM N.V, Kemin Industries Inc., Eastman Chemical Company, Frutarom Ltd.
Food Antioxidants Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Food Antioxidants industry. This report on Food Antioxidants market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The food antioxidants market size has grown strongly in recent years. It will grow from $1.83 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to food shelf life extension, rise in consumer health awareness, food industry growth, natural and clean label trends, food preservation techniques. The food antioxidants market size is expected to see rapid growth in the next few years. It will grow to $3 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
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Key Market Players:
BASF SE, Koninklijke DSM N.V, Kemin Industries Inc., Eastman Chemical Company, Frutarom Ltd., Barentz International B.V., Camlin Fine Sciences Ltd., The Progressive Corporation are prominent players in the Food Antioxidants industry.
Market Drivers:
An increase in the use of food antioxidants to improve the shelf life of processed food products supported the growth of the market during the historic period. Antioxidants have been used in the food processing industry to prevent oxidation and improve flavor, aroma, and color. Antioxidants have also been used and valued in the treatment of a variety of diseases, including cancer and coronary heart disease. The rise in the use of food antioxidants to improve the shelf life of food products supported the growth of the food antioxidants market. For instance, in March 2021, according to the National Center for Biotechnology Information (NCBI), a US-based organization that provides information on science and health, fruits, vegetables, culinary herbs, and spices have health-protective properties due to the presence of low-molecular antioxidants, which protect cells and their structures from oxidative stress and damage.
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Market segments for Food Antioxidants include:
1) By Type: Natural, Synthetic
2) By Form: Dry, Liquid
3) By Source: Fruits and Vegetables, Oils, Spices and Herbs, Botanical Extracts, Gallic Acid, Other Sources
4) By Application: Fats and Oils, Prepared Foods, Prepared Meat and Poultry, Seafood, Bakery and Confectionery, Plant Based Alternatives, Nutraceuticals, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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