Food Antioxidants Global Market Report 2024 by The Business Research Company | Archer-Daniels-Midland Company, BASF SE, Koninklijke DSM N.V, Kemin Industries Inc., Eastman Chemical Company, Frutarom Ltd., Barentz International B.V., Camlin Fine Sciences L

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%. The growth in the forecast period can be attributed to clean label and natural ingredients, consumer demand for health and wellness, globalization of food trade, food safety and preservation, increased use in meat and poultry processing. Major trends in the forecast period include innovative food processing techniques, antioxidant-rich superfoods, regional and ethnic flavors, food fortification, convenience and snacking.

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Food Antioxidants Market Major Segments
The food antioxidants market covered in this report is segmented -

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

Key Driver - Rising Use Of Food Antioxidants To Enhance Shelf Life And Health Benefits

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. The antioxidants also provide a positive correlation between the consumption of whole fruits and vegetables and the prevention of diseases such as atherosclerosis, cancer, diabetes, and arthritis, as well as improved cardiovascular and neurological health, lower cancer incidence, increased longevity, and lower overall mortality.

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Prominent Trend - Mergers And Acquisitions Driving Expansion And Innovation In The Food Antioxidants Market

Players in the food antioxidants market are increasingly adopting mergers and acquisition strategies to expand the product portfolio and expand operations in different geographies. Mergers and acquisitions give growth opportunities to the players in the industry to maximize revenues through geographic and product portfolio expansion. For instance, in April 2021, Kemin Industries, a leading ingredient manufacturer, acquired Proteus Industries Inc. for an undisclosed amount. Through this acquisition, Kemin expects to expand its portfolio by adding clean-label phosphate alternatives, meat block replacements, and fat block solutions, along with the technology and human resources that Proteus has to offer. Proteus Industries is a food ingredient manufacturer that develops clean-label protein ingredients. Also, in January 2020, Dupont, which is a leading chemical and bioscience company, entered into an agreement with International Flavors & Fragrances to merge their nutrition and industrial biosciences divisions. This merger is expected to benefit both companies and allow them to better serve their customers.

Food Antioxidants Market Players
Major companies operating in the food antioxidants market include Archer-Daniels-Midland Company, BASF SE, Koninklijke DSM N.V, Kemin Industries Inc., Eastman Chemical Company, Frutarom Ltd., Barentz International B.V., Camlin Fine Sciences Ltd., Kalsec Inc., E.I. Du Pont De Nemours and Company, Cargill Inc., Advanced Organic Materials SA, VDH Chem Tech Pvt. Ltd., Vitablend Nederland BV, International Flavors & Fragrances Inc., De Nederlandse Staatsmijnen Co., DuPont de Nemours Inc., Naturex SA, Ajinomoto Co. Inc., Chr. Hansen Holding A/S, Yasho Industries Ltd., Givaudan SA, Global Specialty Ingredients (M) Sdn. Bhd., Riken Vitamin Co. Ltd., Zhengzhou Sigma Chemical Co. Ltd., Fenchem Biotek Ltd., Sumitomo Chemical Co. Ltd., Garuda International Inc., Döhler Group, Palsgaard A/S

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the food antioxidants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food antioxidants market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Food Antioxidants Market Report Structure
3. Food Antioxidants Market Trends And Strategies
4. Food Antioxidants Market - Macro Economic Scenario
5. Food Antioxidants Market Size And Growth
…..
27. Food Antioxidants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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