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Natural Antioxidants Global Market Report 2024 by The Business Research Company | Archer-Daniels-Midland Company, Koninklijke DSM NV, Badische Anilin- und Sodafabrik SE, E. I. du Pont de Nemours and Company (DuPont), Ajinomoto Co Inc., Prinova Solutions E
The natural antioxidants market size has grown strongly in recent years. It will grow from $2.51 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increased consumer awareness, rising prevalence of chronic diseases, growing demand for natural and organic food products, increasing consumer preference for clean label products, favorable regulations and policies .The natural antioxidants market size is expected to see rapid growth in the next few years. It will grow to $4.06 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to growing demand for plant-based food products, increasing demand for fortified foods and beverages, growing demand for natural and organic personal care products, aging population, growing interest in functional foods and nutraceuticals. Major trends in the forecast period include customization and personalization, emerging ingredients, partnerships and collaborations, increasing investments in research and development of new natural antioxidant sources, growing adoption of sustainable and eco-friendly production practices.
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Natural Antioxidants Market Major Segments
The natural antioxidants market covered in this report is segmented -
1) By Product: Vitamin E, Vitamin C, Carotenoids, Polyphenols
2) By Source: Plant, Petroleum
3) By Form: Dry, Liquid
4) By Application: Personal Care, Food And Beverages, Animal Feed, Other Applications
Key Driver - The Role Of Lifestyle Disease Awareness In Powering The Natural Antioxidants Market
Increasing awareness of lifestyle diseases such as obesity, cardiovascular diseases, and diabetes is expected to propel the growth of the natural antioxidants market in the forecast period. As people are becoming more aware of lifestyle diseases, they are adopting healthy lifestyles and striving to improve their dietary habits, which boosts the demand for natural antioxidants. Antioxidant-rich foods may lower the risk of a variety of diseases including heart disease and certain cancers. Natural antioxidants scavenge free radicals from bodily cells, preventing or reducing oxidative damage. For instance, in October 2022, the Centers for Disease Control and Prevention, a US-based national public health agency, 6 in 10 Americans are suffering from at least one chronic disease like cardiovascular, cancer, and diabetics. Therefore, the increasing awareness of lifestyle diseases drives the growth of the natural antioxidants market.
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Prominent Trend - Strategic Partnerships To Expand Reach
Major companies operating in the natural antioxidants market are entering into strategic partnerships to expand their reach in geographies. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in November 2021, A&B Ingredients, a US-based clean label manufacturer and supplier of functional ingredients, including natural antioxidants, partnered with BDF Natural Ingredients, a biotech company specialized in the research, manufacture, and commercialization of innovative and technological additives for the food and nutrition and cosmetics industries. Through this partnership, A&B Ingredients will distribute PROBIND® Transglutaminase Enzyme, BDF's innovative enzyme ingredients, to the North American market.
Natural Antioxidants Market Players
Major companies operating in the natural antioxidants market include Archer-Daniels-Midland Company, Koninklijke DSM NV, Badische Anilin- und Sodafabrik SE, E. I. du Pont de Nemours and Company (DuPont), Ajinomoto Co Inc., Prinova Solutions Europe Ltd., Kalsec Inc., Cargill Inc., Indena SPA, Bluestar Adisseo Co., Chr. Hansen Holding A/S, A & B Ingredients Inc., ADEKA Corporation, Naturex Ltd., Cyanotech Corporation, Kemin Industries Inc., Frutarom Industries Ltd., Robertet Group, Nutralliance Inc., Sabinsa Corporation, FutureCeuticals Inc., LycoRed Ltd., Tianjiang Pharmaceutical Co. Ltd., Dansk Handels- og Industri Company, Vitablend Inc., Vitae Caps SA, Aland Nutraceutical Co. Ltd., Xi'an Hao-Xuan Bio-Tech Co. Ltd., Blue California Inc., Diana Food SAS
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the natural antioxidants market in 2023. The regions covered in the natural 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. Natural Antioxidants Market Report Structure
3. Natural Antioxidants Market Trends And Strategies
4. Natural Antioxidants Market - Macro Economic Scenario
5. Natural Antioxidants Market Size And Growth
…..
27. Natural Antioxidants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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