Press release
Food Antioxidants Industry Set to Achieve $3.31 Billion Milestone by 2029 | Steady 11.5% CAGR
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.What Is the Long-Term Growth Forecast for the Food Antioxidants Market Size 2025?
The market size of food antioxidants has seen significant growth in the previous years. The market is expected to expand from $1.99 billion in 2024 to $2.14 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. Factors contributing to this growth during the historical period include extension of food shelf life, increased consumer awareness about health, growth of the food industry, trends related to natural and clean labels, as well as advancements in food preservation techniques.
What CAGR is Forecasted for the Food Antioxidants Market Through 2029?
In the coming years, swift expansion is projected for the food antioxidants market, with the market size set to reach $3.31 billion by 2029, reflecting a compound annual growth rate (CAGR) of 11.5%. Factors contributing to this growth during the projected period include the popularity of clean label and natural ingredients, a rise in consumer interest in health and wellness, increased globalization in food trade, an emphasis on food safety and conservation, and heightened use in meat and poultry processing. The forecast period will also witness significant trends such as innovative techniques in food processing, the emergence of antioxidant-rich superfoods, increased interest in regional and ethnic flavors, and a rise in food fortification and convenient snacking.
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What Are the Critical Factors Driving Food Antioxidants Market Development?
The increased interest in food and beverage products with added nutrients is anticipated to stimulate the expansion of the food antioxidants market. These fortified foods, which are essentially functional foods supplemented with nutrients they naturally lack, are becoming increasingly in demand. This surge is chiefly due to growing health awareness among consumers, nutritional needs of an aging group, and continuous advancements in food technology. Antioxidants are noted for their ability to counteract free radicals that lead to oxidative stress and various health complications, thus permitting manufacturers to advertise these fortified items as food that enhances health. For example, a report in April 2022 from the US-based e-commerce growth firm, Common Thread Collective, showed that global food and beverage sales reached $506 billion in 2021 and are expected to escalate to $857 billion by 2025. As such, the growing demand for food and beverage products enriched with nutrients is predicted to fuel the progress of the food antioxidants market.
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How Does the Food Antioxidants Market Break Down Across 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
Subsegments:
1) By Natural: Vitamins, Phenolic Compounds, Flavonoids, Plant Extracts, Essential Oils
2) By Synthetic: BHT (Butylated Hydroxytoluene), BHA (Butylated Hydroxyanisole), TBHQ (Tert-Butylhydroquinone), Propyl Gallate
What Are the Major Trends Transforming the Food Antioxidants Industry?
In the food antioxidants market, participants are increasingly choosing to merge and acquire other companies as a strategy to widen their product range and amplify their reach across various regions. These mergers and acquisitions provide opportunities for market players to increase their revenue by expanding geographically and diversifying their product offerings. For example, in September 2023, an American food ingredient firm, A&B Ingredients, introduced CytoGUARD® OX-WST, a naturally derived antioxidant that is particularly focussed on protein powders like whey and yeast protein. This antioxidant, sourced from natural tea extract, plays a critical role in extending the shelf life and maintaining the quality of protein-rich products. It effectively reduces the levels of hexanal, a significant indicator of lipid oxidation, thus preserving the nutritional content and sensory properties of proteins. Given that CytoGUARD® OX-WST is a clean-label ingredient, it aligns perfectly with the increasing demand for natural and sustainable food additives from consumers. This makes it a crucial choice for food manufacturers seeking to enhance product integrity while meeting safety and quality requirements.
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Which Players Are Driving Innovation in the Food Antioxidants Market?
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., 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
Which Regions Are Driving Global Food Antioxidants Market Expansion?
Asia-Pacific was the largest region in the food antioxidants market in 2024. 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.
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