Food Antioxidants Global Market Report 2024

Description

“Food Antioxidants Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on food antioxidants market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for food antioxidants? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The food antioxidants market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Archer-Daniels-Midland Company; BASF SE; Koninklijke DSM N.V; Kemin Industries Inc.; Eastman Chemical Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Food antioxidants encompass molecules that counteract free radicals and disrupt their activity, thereby safeguarding cells from potential damage. Several key food antioxidants are predominantly present in fruits, vegetables, and essential vitamins like E and C, along with various other plant-based food sources.

These antioxidants primarily fall into two categories such as natural and synthetic, available in both dry and liquid forms. They are derived from an array of sources such as fruits, vegetables, oils, spices, herbs, botanical extracts, and compounds like gallic acid. These antioxidants find application in diverse food sectors including fats and oils, prepared foods, meat and poultry products, seafood, bakery items, confectionery, plant-based alternatives, and nutraceuticals.

The food antioxidants market research report is one of a series of new reports from The Business Research Company that provides food antioxidants market statistics, including food antioxidants industry global market size, regional shares, competitors with a food antioxidants market share, detailed food antioxidants market segments, market trends and opportunities, and any further data you may need to thrive in the food antioxidants industry. This food antioxidants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The food antioxidants market size has grown strongly in recent years. It will grow from $1.83 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth observed during the historical period can be credited to several factors including the extension of food shelf life, an increased awareness among consumers regarding health, the expansion of the food industry, the emphasis on natural and clean label trends, as well as advancements in food preservation techniques.

The food antioxidants market size is expected to see rapid growth in the next few years. It will grow to $3 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. During the projected period, growth can be attributed to the rising preference for clean label and natural ingredients, driven by heightened consumer focus on health and wellness. Additionally, factors such as the globalization of food trade, concerns about food safety and preservation, and amplified utilization in meat and poultry processing contribute to this growth trajectory. Key trends anticipated during this forecast period encompass innovative food processing techniques, the emergence of antioxidant-rich superfoods, the incorporation of regional and ethnic flavors into food products, a heightened focus on food fortification, and the continued popularity of convenience and snacking options within the market.

The surge in the utilization of food antioxidants for enhancing the shelf life of processed food products has fueled market growth. Food antioxidants play a crucial role in the food processing industry by preventing oxidation and enhancing flavor, aroma, and color. Beyond their application in food preservation, antioxidants have demonstrated value in treating various diseases, including cancer and coronary heart disease. This rise in the use of food antioxidants to extend shelf life has contributed to the expansion of the food antioxidants market. Notably, a March 2021 report from the National Center for Biotechnology Information highlighted the health-protective properties of antioxidants in fruits, vegetables, culinary herbs, and spices, emphasizing their role in safeguarding cells from oxidative stress and damage.

The anticipated growth in the consumption of plant-based meat is poised to further drive the food antioxidants market. Plant-based meats, predominantly composed of pea or soy protein, fats, and binders, incorporate food antioxidants to mitigate oxidation and prolong shelf life. This preservation aspect is particularly critical for ensuring the freshness and safety of plant-based meat products, given their typically shorter shelf life compared to processed or fresh animal-based meat. In 2022, plant-based meat sales experienced an 8% growth, reaching $304 million. Consequently, the escalating adoption of plant-based meat is expected to be a significant factor propelling the food antioxidants market.

Market players are increasingly embracing mergers and acquisitions as strategic initiatives to broaden their product portfolios and extend their operations into diverse geographical regions. This strategic approach presents growth opportunities for industry players to maximize revenues through expansions in both product offerings and market reach. A case in point is Kemin Industries, a prominent ingredient manufacturer, which acquired Proteus Industries Inc. in April 2021 to expand its portfolio with clean-label phosphate alternatives, meat block replacements, and fat block solutions. Similarly, in January 2020, Dupont, a leading chemical and bioscience company, entered into an agreement with International Flavors & Fragrances to merge their nutrition and industrial biosciences divisions. This merger is anticipated to benefit both entities, enhancing their capabilities to better serve their customer base.

Prominent players in the food antioxidants market are strategically prioritizing new product development and innovations, particularly in the realm of quality improvement for instant noodle manufacturers, as part of their efforts to broaden their product portfolios and gain a competitive edge. A notable example is Kemin Industries, a US-based company renowned for supplying over 500 specialty ingredients, which introduced VALTEQ in March 2023. VALTEQ represents a line of quality improvers specifically designed for instant noodle makers. Among its innovations, VALTEQ AO stands out as a newly developed product, presenting an all-in-one solution comprising natural antioxidants and emulsifiers that contribute to enhancing the overall quality of instant noodles.

In April 2021, Kemin Industries, a prominent ingredient manufacturer, successfully completed the acquisition of Proteus Industries Inc. for an undisclosed sum. This strategic move is anticipated to facilitate Kemin's portfolio expansion, incorporating clean-label phosphate alternatives, meat block substitutes, and fat block solutions. Additionally, the acquisition brings in valuable technological assets and skilled human resources from Proteus, a renowned food ingredient developer specializing in clean-label protein ingredients.

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., E.I. Du Pont De Nemours and Company, 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., Dohler Group, Palsgaard A/S

Asia-Pacific was the largest region in the food antioxidants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food antioxidants market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the food antioxidants market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The food antioxidants market consists of sales of synthetic food antioxidants such as butylated hydroxytoluene (BHT), butylated hydroxyanisole (BHA), and propyl gallate (PG). Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r9607

1. Executive Summary

2. Food Antioxidants Market Characteristics

3. Food Antioxidants Market Trends And Strategies

4. Food Antioxidants Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Food Antioxidants Market Size and Growth

5.1. Global Food Antioxidants Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Food Antioxidants Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Food Antioxidants Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Food Antioxidants Market Segmentation

6.1. Global Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Natural
Synthetic
6.2. Global Food Antioxidants Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Dry
Liquid
6.3. Global Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fruits and Vegetables
Oils
Spices and Herbs
Botanical Extracts
Gallic Acid
Other Sources
6.4. Global Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fats and Oils
Prepared Foods
Prepared Meat and Poultry
Seafood
Bakery and Confectionery
Plant Based Alternatives
Nutraceuticals
Other Applications

7. Food Antioxidants Market Regional And Country Analysis

7.1. Global Food Antioxidants Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Food Antioxidants Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Food Antioxidants Market

8.1. Asia-Pacific Food Antioxidants Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Food Antioxidants Market

9.1. China Food Antioxidants Market Overview
9.2. China Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Food Antioxidants Market

10.1. India Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Food Antioxidants Market

11.1. Japan Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Food Antioxidants Market

12.1. Australia Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Food Antioxidants Market

13.1. Indonesia Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Food Antioxidants Market

14.1. South Korea Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Food Antioxidants Market

15.1. Western Europe Food Antioxidants Market Overview
15.2. Western Europe Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Food Antioxidants Market

16.1. UK Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Food Antioxidants Market

17.1. Germany Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Food Antioxidants Market

18.5. France Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Food Antioxidants Market

19.9. Italy Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Food Antioxidants Market

20.13. Spain Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Food Antioxidants Market

21.1. Eastern Europe Food Antioxidants Market Overview
21.2. Eastern Europe Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Food Antioxidants Market

22.1. Russia Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Food Antioxidants Market

23.1. North America Food Antioxidants Market Overview
23.2. North America Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Food Antioxidants Market

24.1. USA Food Antioxidants Market Overview
24.2. USA Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Food Antioxidants Market

25.1. Canada Food Antioxidants Market Overview
25.2. Canada Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Food Antioxidants Market

26.1. South America Food Antioxidants Market Overview
26.2. South America Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Food Antioxidants Market

27.1. Brazil Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Food Antioxidants Market

28.1. Middle East Food Antioxidants Market Overview
28.2. Middle East Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Food Antioxidants Market

29.1. Africa Food Antioxidants Market Overview
29.2. Africa Food Antioxidants Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Food Antioxidants Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Food Antioxidants Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Food Antioxidants Market Competitive Landscape And Company Profiles

30.1. Food Antioxidants Market Competitive Landscape
30.2. Food Antioxidants Market Company Profiles
- 30.2.1. Archer-Daniels-Midland Company
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BASF SE
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Koninklijke DSM N.V
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Kemin Industries Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Eastman Chemical Company
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Food Antioxidants Market Competitive Benchmarking

32. Global Food Antioxidants Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Food Antioxidants Market

34. Food Antioxidants Market Future Outlook and Potential Analysis

34.1 Food Antioxidants Market In 2028 - Countries Offering Most New Opportunities
34.2 Food Antioxidants Market In 2028 - Segments Offering Most New Opportunities
34.3 Food Antioxidants Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer