Global Food Antioxidants Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
10 Jun, 2021
The food antioxidants market consists of sales of food antioxidants by entities (organizations, sole traders and partnerships) that manufacture food antioxidants naturally or synthetically. Food antioxidants are the molecules which neutralize the free radicals, 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.
Global Food Antioxidants Market Size And Drivers:
The global food antioxidants market is expected to grow from $1.27 billion in 2020 to $1.35 billion in 2021 at a compound annual growth rate (CAGR) of 6.71%. The growth is mainly due to the increase in demand for food antioxidants, owing to rise in the consumption and demand of processed food, increasing R&D in the field shift toward natural growth promoters, and increasing awareness for healthier alternatives. The food antioxidants market is expected to reach $1.87 billion in 2025 at a CAGR of 8.49%. Increasing use of food antioxidants to improve the shelf life of products of the processed food supported the growth of the market.
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Trends In The Global Food Antioxidants Market
Players in the food antioxidants market are increasingly adopting mergers and acquisition strategies to expand the product portfolio and expanding operations in different geographies. Mergers and acquisitions give growth opportunities to the players in the industry to maximize revenues through geographic and product portfolio expansion. For instance, in April 2021, Kemin Industries a leading ingredient manufacturer acquired Proteus Industries Inc. for undisclosed amount. Through this acquisition, Kemin expects to expand its portfolio by adding clean label phosphate alternative, meat block replacement and fat block solution along with the technology and human resources that Proteus has to offer. Proteus Industries is a food ingredient manufacturer that developed clean-label protein ingredients.
Global Food Antioxidants Market Segments:
The global food antioxidants market is further segmented based on type, form, source, application and geography.
By Type: Natural, Synthetic
By Form: Dry, Liquid
By Source: Fruits And Vegetables, Oils, Spices And Herbs, Botanical Extracts, Gallic Acid, Others
By Application: Fats And Oils, Prepared Foods, Prepared Meat And Poultry, Seafood, Bakery And Confectionery, Plant Based Alternatives, Nutraceuticals, Others
By Geography: The global food antioxidants market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in food antioxidants market in 2020.
Read More On The Report For The Global Food Antioxidants Market At:https://www.thebusinessresearchcompany.com/report/food-antioxidants-global-market-report
Food Antioxidants Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides food antioxidants market overviews, analyzes and forecasts market size and growth for the global food antioxidants market, food antioxidants market share, food antioxidants market players, food antioxidants market segments and geographies, food antioxidants market’s leading competitors’ revenues, profiles and market shares. The food antioxidants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.