PUBLISHER: Orion Market Research | PRODUCT CODE: 1215597
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215597
Title:Global Food Antioxidants Market Size, Share & Trends Analysis Report by Type (Natural and Synthetic), by Form (Dry and Liquid), by Source (Fruits & Vegetables, Oils, Spices & Herbs, Nuts & Seeds, and Others), and by Application (Beverages, Processed Foods, Nutraceuticals, Personal Care & Cosmetics, and Other Applications) Forecast Period (2022-2028).
The global food antioxidants market is anticipated to grow at a substantial CAGR of 5.8% during the forecast period. The growing demand for anti-aging products among consumers is propelling the utilization and growth of food antioxidant products. According to the studies published by the American Academy of Dermatologists (AAD), in 2019, recommends all adults to use a moisturizer and sunscreen every day. These two are important anti-aging products that protect the skin from UV rays and keep it smooth and supple. The AAD also recommends that people establish an effective anti-aging skincare routine in their 40s and 50s. Thus, such factors are considered to drive the use of food antioxidants in skincare products, which in turn bolsters market growth.
The global food antioxidants market is segmented based on type, form, source, and application. Based on the type, the market is sub-segmented into natural and synthetic. Based on the form, the market is sub-segmented into dry and liquid. Based on the source, the market is augmented into fruits & vegetables, oils, spices & herbs, nuts and seeds, and others including gallic acid, petroleum-derived. Based on the applications, the market is augmented into beverages, processed foods, nutraceuticals, personal care & cosmetics, and other applications. Among the type segment, synthetic-based antioxidants are expected to grow at a significant CAGR during the forecast period. Synthetic antioxidants are those antioxidants that do not occur in nature and are chemically synthesized & added to food products as preservatives to prevent lipid oxidation. The changing customer preferences and lifestyles are resulting in the intake of ready-to-eat products which are driving the growth of the synthetic segment during the forecast period.
Geographically, the global food antioxidants market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is expected to hold a significant market share in the market, after Europe. Rising activities such as expanding product lines and utilizing new advanced technologies for formulating antioxidant blends by market players in the region is primary factor propelling the growth of the market.
The major companies serving the global food antioxidants market include Archer-Daniels-Midland Co., BASF SE, Barentz International BV, Camlin Fine Sciences Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, Layn Natural Ingredients expanded in botanicals to boost its portfolio of Non-GMO Project Verified botanical extracts. The range focuses on polyphenol-rich botanical extracts that offer high functional benefits in sectors including food & beverage, sports nutrition, and dietary supplement.
Research Methodology
The market study of the global food antioxidants market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: