Press release
Phenolic Antioxidant Market Predicted to Reach USD 8.45 Billion by 2034, Expanding at a CAGR of 5.6% | Fact.MR
Phenolic Antioxidant Market
Phenolic antioxidants are a critical component in numerous industries, offering solutions to mitigate oxidative stress and improve the shelf life of products. Phenolic antioxidants from natural and synthetic sources are witnessing strong demand across industries like food and beverages, pharmaceuticals, plastics, and cosmetics owing to increasing demand for clean-label products.
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Current research work is resulting in improvements in the phenolic antioxidant extraction and formulation. Enhanced processes are also adding to the creation of phenolic antioxidants with improved stability, effectiveness, and functionality. From food preservation applications to novel uses in dermatology and green chemistry, the market for phenolic antioxidants is diversifying in terms of product offerings and uses.
Ongoing expansion of the food and beverage sector, particularly increasing demand for packaged and processed foods, is substantially driving worldwide sales of phenolic antioxidants, which improves the shelf life and quality of these products.
Market Study Key Takeaways
World demand for phenolic antioxidants is predicted to increase at a CAGR of 5.6% during the period 2024-2034.
The market is anticipated to be of a size of US$ 8.45 billion by 2034-end.
United States phenolic antioxidant sales are estimated at US$ 817.9 million for 2024.
The market in Japan is anticipated to be of a size of US$ 840.2 million by 2034-end.
Natural phenolic antioxidant sales are expected to grow at a CAGR of 5.4% during 2034.
"Phenolic antioxidants demand in the pharmaceutical and cosmetic sectors is being fueled by the increasing need to safeguard sensitive formulations," according to a Fact.MR analyst.
Key Companies Covered in This Report
Emerald Performance Materials, LLC
Jiyi Chemicals Co., Ltd.
Krishna Antioxidants Pvt. Ltd.
Double Bond Chemical Ind., Co., Ltd.
Kumho Petrochemical Co., Ltd.
Mayzo Inc.
Clariant AG
BASF SE
DSM
Oxiris Chemicals S A
Chitec Technology Co., Ltd.
Adeka Corporation
SI Group
Addivant
Dorf Ketal
Lanxess
Sumitomo Chemical Company
Winning Strategy
Leading firms are sustaining a diversified product base, providing a variety of phenolic antioxidants customized for different applications and industries. This diversification enables them to serve a wide customer base and respond to changing market needs. They are also expanding geographically in a planned manner, penetrating new markets, and gaining a strong global foothold. This is enabling them to capture big market shares.
Browse Full Report: https://www.factmr.com/report/phenolic-antioxidant-market
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global phenolic antioxidant market, presenting historical demand data for 2018 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights on the market based on form (liquid, granule, powder), type (monofunctional, bifunctional, multifunctional), source (natural, synthetic), and application (plastic & rubber, food & feed additives, pharmaceuticals & personal care, fuel & lubricants, industrial lubricants, others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
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