Global Food Antioxidants Market Size To Exceed USD 3.24 Billion by 2032 | Top Key Players are BASF SE, DSM, BTSA, Nexira, AOM, Frutarom Ltd, Barentz Group, 3A Antioixidants and others.

According to a research report published by Spherical Insights & Consulting, the Global Food Antioxidants Market Size is to Grow from USD 1.83 Billion in 2022 to USD 3.24 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.9% during the projected period.

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Market Overview:
Food antioxidants are supplements that help to preserve food from "farm to plate" by avoiding oxidative damage during storage and processing. They are also known as natural or synthetic food preservatives. Because of their high stability and low volatility, antioxidants help to preserve the quality of nutrients, texture, color, taste, freshness, functioning, aroma, and attraction to consumers, such as the elderly.

Food antioxidants and preservatives have become essential components in the food and beverage industries due to their capacity to extend food shelf life by avoiding rancidity caused by oxidation. They play critical roles in preventing various deteriorative events that damage the nutritional quality of food during transit and storage.

These antioxidants come from both natural and manmade sources. The growing consumer awareness of nutritional value, as well as the demand for packaged foods with a longer shelf life, have fueled the global food antioxidants industry. The market value of antioxidants, both natural and synthetic, can, however, be highly unpredictable, making precise cost estimation difficult for manufacturers. It has the ability to destabilize supply chains and stifle market growth.

Browse key industry insights spread across 200 pages with 110 market data tables and figures & charts from the report on the Global Food Antioxidants Market Size, Share, and COVID-19 Impact Analysis, By Type (Synthetic, Natural), By Form (Dry, Liquid), By Source (Fruits & Vegetables, Spices & Herbs, Botanical Extracts, Oils, Gallic Acid, Petroleum, Others), By Application (Fats & Oils, Snacks Dairy, Seafood, Meat Products, Beverages, Bakery Confectionery, Pet Food, Nutraceuticals, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 - 2032.

The synthetic segment is dominating the market with the largest revenue share over the forecast period.

On the basis of type, the global food antioxidants market is segmented into the synthetic and natural. Among these, the synthetic segment is dominating the market with the largest revenue share of 53.6% over the forecast period. The rising use of butylated hydroxyanisole, butylated hydroxytoluene, tert-butylhydroquinone, and propyl gallate in the manufacturing process of a range of food-related commodities can be ascribed to this upward tendency. A synthetic antioxidant is a chemical mixture generated by a regular industrial process.

The dry segment is witnessing highest CAGR growth over the forecast period.

On the basis of form, the global food antioxidants market is segmented into dry and liquid. Among these, the dry segment is witnessing highest CAGR growth over the forecast period. The majority of food antioxidants are in powder, tablet, flakes, or granular form. The high proportion is attributed to the increased use of powder-based antioxidants in food products. Powders of technical grade are commonly utilized in a range of culinary goods. Over the projected period, the rising packaged food industry is expected to boost global demand for dry antioxidants.

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Asia Pacific dominates the market with the largest market share over the forecast period.

Asia Pacific is dominating the market with more than 38.7% market share over the forecast period. This is due to rising population levels in countries such as China, India, and Japan. Furthermore, the country's growing population is a major driver of the Chinese food sector. India has the world's second-largest population, which adds to increased food consumption. On the other hand, North America is predicted to expand the fastest during the forecast period.

This is owing to the behaviors of consumers in countries such as the United States and Canada. The bulk of people in North America are working professionals who rely heavily on prepared food. Due to a greater understanding of the health benefits of antioxidants, the European market is predicted to rise at a significant CAGR over the forecast period.

List of Key Market Players
• BASF SE
• DSM
• BTSA
• Nexira
• AOM
• Frutarom Ltd
• Barentz Group
• 3A Antioixidants
• DuPont
• Kemin Industries, Inc.
• Vitablend Nederland B.V.
• Divi's Laboratories
• Crystal Quinone Pvt. Ltd
• VDH Chem Tech
• Camlin Fine Sciences Ltd
• Eastman Chemical Company
• International Flavors & Fragrances Inc.

Recent Developments
• On July 2022, CFS North America, LLC. (CFS), a subsidiary of Camlin Fine Sciences Ltd. has chosen ChemPoint for the sales and distribution of its Xtendra BHT (butylated hydroxytoluenein) product in the United States and Canada, according to ChemPoint.com Inc., a subsidiary of Univar Solutions Inc. Xtendra BHT is a food-grade hindered phenolic antioxidant that is widely utilized as a preservative in a wide range of applications, including foods, animal feed, animal and vegetable oils, as well as petroleum products, rubber, and plastics.

Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Food Antioxidants Market based on the below-mentioned segments:

Food Antioxidants Market, Type Analysis
• Synthetic
• Natural

Food Antioxidants Market, Form Analysis
• Dry
• Liquid

Food Antioxidants Market, Source Analysis
• Fruits & Vegetables
• Spices & Herbs
• Botanical Extracts
• Oils
• Gallic Acid
• Petroleum
• Others

Food Antioxidants Market, Application Analysis
• Fats & Oils
• Snacks Dairy
• Seafood
• Meat Products
• Beverages
• Bakery Confectionery
• Pet Food
• Nutraceuticals
• Others

Regional Segment Analysis of the Global Food Antioxidants Market Market
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

What's covered in the report?
1. Overview of the Food Antioxidants Market Market.
2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Food Antioxidants Market Market, based on segment.
3. Food Antioxidants Market Market trends.
4. Food Antioxidants Market Market drivers.
5. Analysis of major company profiles.

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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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