Antioxidants Market: Global Industry Insights, Market Size Estimation and Growth Forecast, 2017 – 2025

Antioxidants Market - Introduction

The global antioxidants market is expected to experience substantial growth rate in coming years. Antioxidants market is segmented in terms of types, end user and geography. Antioxidants are substances that help to extend the serviceable life of food thereby aiming at protection against corrosion, caused by oxidation such as color changes and fat rancidity. Increasing applications of Carotenoids, Vitamin C, polyphenols and vitamin E in the pharmaceutical industry is acting as push factor market. In addition, increase in global meat consumption is also driving the global antioxidants market.

Report Overview
Aspect Details
Base Year of Estimation 2016
Value Estimation Year 2017
Forecast Period 2017 - 2025
Market Segmentations By type, end user, region
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America
Report Coverage Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview and Competitive Landscape of the market

 

Technology Analysis

Key manufacturers in the antioxidant market focus on adoption of new technology as part of their strategy to improve the production process. For example, Vitablend Nederland B.V. uses MES system on iPad for producing mixes of vitamins and minerals and antioxidants for the food industry. In addition, Vitablend also started using Framework for MES Solutions (FMS) on iPad in order to automate the production process. In addition, Cargill, Incorporated purchased a dietary fibre technology for extraction and purification of dietary fibre and antioxidants from Fugeia, a health and nutrition company.

 

Market Dynamics

As of 2016, growth in demand for antioxidants is driven by factors including rising application in animal feed additive, food and beverages and pharmaceutical sectors. Growth in consumption of beef, pork and chicken has positively impacted the growth of the market.

Changing consumption and diet patterns, population, urbanization & economic growth, increase in demand for anti-aging products and shift in manufacturer’s focus towards rosemary extract due to high antioxidant content are identified as the main reasons for the growth of antioxidants market.

However, changing consumption patterns are affecting the market growth regionally, due to changing diet patterns, population, urbanization and economic growth. In addition, the demand for feed antioxidants in the growing global meat industry is forecasted to grow during the forecast period. Increase in demand of anti aging products and shift in manufacturer’s focus towards rosemary extract due to high antioxidant content is driving the growth of antioxidants market. Stringent government regulations against use of some of variants of antioxidants products mainly synthetic variant are identified as major restraints for market. Due to various side effects of synthetic antioxidants, some countries have banned its usage. For example, France, Belgium, Germany, Greece, Afghanistan, Austria and China banned the usage of synthetic antioxidant tert butylhydroquinone (TBHQ) in food and animal feed products. In coming years, increasing application of antioxidants in food packaging, healthcare and cosmetics industry are expected to emerge as growth opportunity for the market during the forecast period 2017 to 2025.

 

Market Trends

In recent years, there has been rise in awareness and conscious effort of healthy lifestyle. The demand for antioxidants has augmented largely due to the increasing awareness of its

Growth of antioxidants market in Asia-Pacific region will remain as one of the fastest growing market due to growth in consumption in cosmetic industries.

benefits globally. The benefits associated with the consumption of antioxidants include reducing the risk of heart disease, managing blood pressure and cancer. Demand for natural antioxidants is driven by its usefulness in maintaining health and wellness as compared to synthetic antioxidants as consumers believe that natural antioxidants are safer due to its natural occurrence. Trend also shows that consumers are inclining towards consumption of anti aging products. In coming years, growth of antioxidants market in Asia Pacific will remain one of the fastest due to growth in consumption in cosmetic industries and increasing consumer base followed by rising health and wealth awareness. In terms of market structure, the fragmented market for antioxidants is resulted due to presence of large numbers of players.

 

Segmentation Overview

By types, the antioxidants market has been segmented into natural and synthetic antioxidants. Natural antioxidants have been further bifurcated into Vitamin E, Vitamin C, rosemary extracts and polyphenols among others. By end user, the antioxidants market has been segmented into healthcare, pharmaceutical, food and beverages, cosmetic and food packaging among others. In 2016, Vitamin E dominated the natural antioxidants market owning to its wide application in nutricosmetics, pharmaceutical and cosmetics industry. Synthetic antioxidants have been further subdivided into Butylated hydroxytoluene (BHT) and Butylated hydroxyanisole (BHA) among others. The demand for BHA was primarily high due to high demand for feed antioxidants in the growing livestock industry.

In terms of revenue and volume, Asia-Pacific held the largest share of the antioxidants market.

By geography, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America. In terms of revenue and volume, Asia Pacific held the largest share of the antioxidants market. Growth of Asia Pacific antioxidants market is driven by rising consumption of anti aging products due to huge population of aging consumers specially in countries such as Japan and China .In addition, growing demand of dietary supplements followed by growth in packed food products is also driving the antioxidants market in Asia Pacific. North America is expected to become second largest market for antioxidants by end of 2025.

Market Segmentation Overview
By Term Segments
By Type Natural antioxidants such as Vitamin E, Vitamin C, rosemary extracts, polyphenols etc, and synthetic antioxidants
By End User Healthcare, pharmaceutical, food and beverages, cosmetic and food packaging and others
By Region North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America

 

Competitive Landscape

Leading players operating in the antioxidants market are Archer-Daniels-Midland Company(The U.S.), BASF S.E(Germany), Cargill Incorporated(The U.S), DuPont(The U.S), Kalsec, Inc. (The U.S), Kemin Industries Inc. (The U.S), Nutreco N.V(Netherlands).and Naturex S.A(France) among others. Leading players such as BASF SE, and Kemin industries focus on business expansion through expansion and mergers and acquisition to retain market position and generate new revenue streams. Kalsec primarily deals with both natural and synthetic antioxidants, which includes Vitamin E, Vitamin C, BHA, BHT and Ethoxyquin. BASF S.E mainly deals with synthetic antioxidants namely BHA and BHT.

 

Conclusion

Considering the business expansion of key manufacturers, rising applications in end use industries and rise in food, beverages, pharmaceutical and cosmetics industry, it has been estimated that the market for antioxidants is about to accelerate in coming years. Furthermore, over the forecast period, antioxidants are expected to be widely used in active packaging for commercial purposes. This in turn aims at maintaining nutrition, quality and safety of packaged food. Due to conjoint impact of push factors, antioxidants market is estimated to experience substantial growth during the forecast period.

KEY QUESTIONS ANSWERED BY THE REPORT
What will be the nature of growth of the market till 2025?
What are the major push factors that will affect the growth of the market?
What are the growth possibilities in different segments of the market?
Who are the leading market players?
What are the key strategies implemented by the market leaders to sustain growth in the market?
What are the major restraining factors for the market?
What are the ways to generate new revenue streams?
In-depth analysis of the competitive landscape and competitor behavior in the market

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