Global Food Antioxidants market outlook 2024, Forecast To 2033
31 Jan, 2024
The food antioxidants market has shown robust growth, escalating from $1.83 billion in 2023 to $2 billion in 2024, with a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period is attributed to food shelf-life extension, an increase in consumer health awareness, the growth of the food industry, natural and clean label trends, and food preservation techniques. The food antioxidants market is anticipated to experience rapid growth in the next few years, reaching $3 billion in 2028, with a CAGR of 10.6%. Contributing factors include clean label and natural ingredients, consumer demand for health and wellness, the globalization of food trade, food safety and preservation, and increased use in meat and poultry processing. Major trends in the forecast period include innovative food processing techniques, antioxidant-rich superfoods, regional and ethnic flavors, food fortification, and convenience and snacking.
Global Food Antioxidants Market Key Driver
The food acidulants market is expected to grow with the increasing consumption of processed meat. Global meat consumption is projected to rise by 12% between 2020 and 2029, reaching 570 million tons by 2050, according to the Organization for Economic Co-operation and Development - Food and Agriculture Organization (OECD-FAO). Food acidulants play a vital role in enhancing the shelf life and safety of processed meat products. Hence, the escalating demand for processed meat is a key driver for the growth of the food acidulants market.
Get A Free Sample Of The Global Food Antioxidants Market ReportGlobal Food Antioxidants Market Segments
The global 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
By Geography: The regions covered in the Food Antioxidants market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Food Antioxidants Industry Players
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., Döhler Group, Palsgaard A/S
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Food Antioxidants Market Overview
Food antioxidants are the molecules that neutralize the free radicals and destabilize the molecules to protect cells from damage. Some major food antioxidants are mainly found in fruits, vegetables, vitamins such as E and C, and other plant-based foods.
Food Antioxidants Global Market Report 2023 provides data on the global food antioxidants market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The food antioxidants market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.