Global Food Antioxidants Market, Emergen Research's most recent market research report, includes an estimated market size and share, current industry trends, global market growth rates, main market competitors, key drivers and opportunities, challenges, and product segmentation. Cost structure, market size, the level of competition, a product's features and portfolio, and business profiles.

The global food antioxidants market is expected to reach a market size of USD 3.43 Billion at a steady CAGR of 6.2% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to changing consumer preferences, rising health and wellness concerns, and changing lifestyle. Demand for functional foods has been increasing due to rising prevalence of non-communicable diseases as a result of weakened immunity. Increasing utilization of food antioxidants for production of functional foods is expected to drive growth of the food antioxidants market during the forecast period. Growing demand for home food preservation options is another factor contributing to rising utilization of food antioxidants in food and beverage industries.

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Competitive Terrain:

The global Food Antioxidants industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Leading Market Players Profiled in the Report:

BASF SE, Archer-Daniels-Midland Company, Koninklijke DSM N.V., DuPont, Eastman Chemical Company, Kemin Industries, Barentz Group, Camlin Fine Sciences Ltd., Kalsec Inc. and BTSA

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Key Highlights of Report

• In January 2020, BASF announced that it is planning to expand production capacity for its antioxidant Irganox 1520L by 20% at the site in Pontecchio Marconi, Italy. Irganox 1520L is a key product in the antioxidant portfolio of BASF. The expansion is expected to help the company meet growing demand for antioxidants among its global consumers.
• Prepared meat poultry segment accounted for largest market share of 2020. Rising need to extend the shelf-life of food products and enhance food quality is driving utilization of food antioxidants in prepared meat and poultry products.
• Natural antioxidants segment revenue is expected to expand at a rapid CAGR during the forecast period. Health risks associated with consumption of synthetic antioxidants and the potential toxicological effects is driving demand for natural antioxidants.
• Fruits and vegetables segment accounted for a significantly high revenue share in the food antioxidants market in 2020. Health-conscious consumers are increasingly preferring natural antioxidants derived from fruits and vegetables.
• Asia Pacific accounted for largest revenue share contribution to the global food antioxidants market in 2020. Food manufacturers in countries in the region are increasingly utilizing food antioxidants owing to rising demand among health-conscious consumers for dietary supplements, functional foods, and nutritional beverages fortified with antioxidants.

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Food Antioxidants market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Food Antioxidants market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Food Antioxidants market.

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Market Overview:

The report bifurcates the Food Antioxidants market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Application Outlook (Revenue, USD Billion; 2021–2028)
• Prepared food
• Seafood
• Nutraceuticals
• Fats Oils
• Plant-based Alternatives
• Prepared Meat Poultry
• Bakery Confectionery
• Other Applications

• Type Outlook (Revenue, USD Billion; 2021–2028)
• Synthetic Antioxidants
• Natural Antioxidants  

• Source Outlook (Revenue, USD Billion; 2021–2028)
• Oils
• Fruits and Vegetables
• Spices and Herbs
• Gallic Acid
• Botanical Extracts
• Petroleum-derived

Regional Outlook:

• North America (the U.S., Canada, Mexico)
• Europe (the U.K., Germany, France, Italy)
• Asia Pacific (India, China, Japan, Korea)
• Latin America (Brazil, Argentina, Ecuador, Chile)
• Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key reasons to buy the Global Food Antioxidants Market report:

1. The latest report comprehensively studies the global Food Antioxidants market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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