Global Antioxidants Market - 2024-2031

Global Antioxidants Market - 2024-2031

Global antioxidants market reached US$ 4,945.0 million in 2023 and is expected to reach US$ 9,118.8 million by 2031, growing with a CAGR of 7.95% during the forecast period 2024-2031.

The demand for antioxidants has surged significantly, driven by recognized health benefits, particularly in combating oxidative stress, reducing free radicals and lowering the risk of various degenerative diseases including cardiovascular conditions, certain cancers, obesity and type 2 diabetes. Consumers increasingly seek antioxidant-rich foods, beverages and dietary supplements, focusing on naturally sourced antioxidants in fruits, vegetables and plant-based foods.

Due to their reputed efficacy in managing oxidative stress, the market has grown substantially, especially for products incorporating phenols, polyphenols and vitamins C and E. The trend is further propelled by consumer preference for natural over synthetic antioxidants to minimize side effects and leverage perceived ""clean label"" benefits. The food and beverage industry, along with dietary supplements, has capitalized on this by developing fortified products that cater to health-conscious consumers.

For instance, Pomegranate and acai juices bring appetite control and digestive support, while cranberry juice aids hydration and weight management. Unique blends including Tropic Tone Up and Green Cleansing Elixir combine superfruits, greens and probiotics for post-workout recovery and gut health. Detox Cherry Bomb, rich in Vitamin C, appeals to consumers seeking convenient detox options for cellular health and stress protection.

Dynamics

Growing Demand for Processed Foods

The demand for processed foods is expanding significantly in regions with strong economic growth, such as Asia-Pacific, South America and Africa. Rising disposable incomes, urbanization and time constraints among working professionals have boosted the consumption of ready-to-eat and convenience foods. In these areas, small-scale food processors are increasingly entering the market, capitalizing on the trend for diverse, processed food options.

The surging demand for processed foods is fueling growth in the antioxidants market, as preservatives are essential to maintain product freshness, flavor and shelf life. Both natural and synthetic antioxidants are increasingly used to prevent spoilage in convenience foods, where quality and stability are critical. As global consumption of processed foods grows, food producers prioritize antioxidants to enhance product longevity and ensure consumer safety, thereby making antioxidants a key component in the expanding processed foods sector.

For instance, in September 2024, Syensqo launched Riza, a 100% plant-based range of rosemary-derived natural flavors and antioxidants for diverse food applications. With rosemary extract now representing over a third of natural preservatives in food, Riza meets the growing consumer demand for clean-label solutions. The company aims to support manufacturers in reformulating natural ingredients to align with evolving market preferences.

Expanding Cosmetics and Personal Care Industry

The cosmetics and personal care industry encompasses a wide range of products, including antiperspirants, fragrances, makeup, shampoos, soaps, sunscreens and toothpaste. These products serve essential purposes across all life stages, from hygiene and health protection to enhancing beauty and confidence. European consumers widely adopt these products, with some categories reaching near-universal usage.

For example, deodorants and shampoos see high market penetration across various EU countries, reflecting strong consumer demand. Additionally, European Union regulations ensure the safety and transparency of these products through strict labeling and safety assessments, fostering consumer trust and informed decision-making.

The expansion of the cosmetics and personal care industry significantly propels the demand for antioxidants. As consumers increasingly prioritize health and longevity in their personal care choices, manufacturers are incorporating antioxidants for their protective and anti-aging benefits. The trend fuels growth in the antioxidants market, as these ingredients are essential in product formulations to stabilize active components, extend shelf life and address skin care needs such as sun protection and anti-aging.

For instance, in January 2024, ApiotiX Technologies launched a propolis-derived skincare ingredient with strong anti-inflammatory, antioxidant and antimicrobial properties. Using proprietary technology, the Phenolic Acids Polymer Extract offers the potential to reduce reliance on traditional preservatives in skincare formulations. The innovation aligns with the growing demand for natural, preservative-reduced products, positioning ApiotiX as a transformative player in the cosmetics sector.

High Cost of Natural Antioxidants

Natural antioxidants, while highly appealing to health-conscious consumers, come at a premium compared to synthetic alternatives. The sourcing, extraction and processing of plant-based antioxidant compounds contribute significantly to their elevated cost. Seasonal availability and the need for advanced extraction techniques to achieve effective purity levels add further financial burdens. Variability in potency and additional safety considerations also drive up production expenses.

Additionally, high production costs associated with natural antioxidants are a notable barrier to the broader expansion of the antioxidants market. While there is a rising consumer trend toward natural and clean-label products, manufacturers face substantial cost challenges in exclusively adopting natural antioxidants. The higher expenses can disrupt profitability, leading to pricing structures that may deter consumer adoption. The financial constraint curtails market growth by making synthetic alternatives more attractive for cost-sensitive sectors.

Segment Analysis

The global antioxidant market is segmented based on source, type, form, application and region.

The Surging Demand for Natural type Antioxidants

The natural segment is expected to be the dominant segment in type holding an approximate one third of the market share during forecast period. The demand for natural antioxidants has surged as consumers increasingly prioritize health-conscious food choices. Knowledge about the nutritional benefits and functional roles of antioxidants—found abundantly in plant-based sources including vegetables, herbs, fruits and spices—has increased awareness of their health-enhancing properties beyond traditional roles like shelf-life extension.

For instance, in April 2022, A&B Ingredients launched CytoGUARD ZOX, a natural antioxidant from Mediterranean herbs, as a clean-label replacement for synthetic TBHQ in vegetable oils. Demonstrating comparable performance to TBHQ in soybean oil, CytoGUARD ZOX effectively controls oxidative rancidity and extends shelf life. With rising consumer demand for natural additives, this innovative solution enables food manufacturers to meet clean-label standards and maintain product freshness.

Similarly, in April 2022, NatureAlly introduced India’s first antioxidant blend-based multivitamins, featuring 14 botanicals including Ginseng and Ashwagandha. The range, crafted with global formulations, targets immunity, energy, heart, eye and gut health. NatureAlly’s unique ""Super Antioxidant Blend"" reduces free radical production and enhances cellular metabolism, addressing the key wellness needs of Indian consumers.

Geographical Penetration

Rising Demand for Antioxidants in Asia-Pacific

Asia-Pacific is expected to be the dominant region in the global Antioxidants market holding an approximate market share of 36% during the forecast period. The rising demand for antioxidants in the Asia-Pacific food market is fueled by growing health awareness, especially in aging populations in China, Japan and India. Consumers are increasingly seeking antioxidants to prevent chronic conditions such as heart disease and cancer. The shift has led to a greater preference for both natural and synthetic antioxidants.

The expanding processed food sector is a key driver, with antioxidants enhancing the shelf life and stability of packaged foods. Moreover, regional trends indicate a shift towards the use of both natural and synthetic antioxidants in food processing. Natural antioxidants, derived from plant-based sources including rosemary and vitamin C, continue to be valued for their health benefits. However, synthetic antioxidants are gaining traction for their cost-effectiveness and enhanced stability, particularly in preserving food during manufacturing processes.

For instance, in May 2022, BASF expanded its Irganox 1010 production capacity at its Jurong Island site in Singapore to meet increasing demand, particularly in the fast-growing Asia-Pacific and Middle East markets. The additional production line enhances BASF’s supply reliability and flexibility, supporting customer growth. Irganox 1010, a critical phenolic antioxidant, is vital for protecting various polymers from thermo-oxidative degradation.

Competitive Landscape

The major global players in the market include BASF, Dsm-Firmenich, International Flavors & Fragrances Inc., ADM, Kemin Industries, Inc., Cargill, Incorporated., Barentz, Alltech, Camlin Fine Sciences Ltd., Kalsec Inc. and Eastman Chemical Company.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war has disrupted global antioxidant supply chains, particularly affecting natural antioxidants like Vitamin C, Vitamin A, rosemary extracts and Vitamin E, along with synthetic antioxidants such as BHT, BHA and TBHQ. The disruptions have led to higher raw material costs, price volatility and delays in production and distribution. The food, pharmaceutical and personal care industries are facing significant challenges in securing consistent supply.

Market players must adapt to manage these risks while maintaining profitability. The conflict has also triggered a shift in sourcing and production strategies, with companies facing difficulty securing reliable supplies of key antioxidant ingredients. As a result, the market has seen price hikes, slower production timelines and fluctuating availability, particularly in Europe and regions dependent on exports from the affected areas.

By Type

● Natural
Vitamin C
Vitamin A
Rosemary extracts
Vitamin E
Carotenoids
Others

● Synthetic
Butylated hydroxytoluene
Butylated hydroxyanisole
Tert-butyl hydroquinone
Others

By Source

● Plant-Based
Fruits and vegetables
Nuts
Herbs and spices
Others

● Animal-Based

By Form

● Dry
Powder
Granules

● Liquid

By Application

● Food & Beverages
Bakery & Confectionery
Dairy Products
Oils & Fats
Meat, Fish & Poultry
Others (e.g., snacks, cereals)

● Pharmaceuticals & Nutraceuticals

● Animal Feed

● Cosmetics & Personal Care

● Others

By Region

● North America
US
Canada
Mexico

● Europe
Germany
UK
France
Italy
Spain
Rest of Europe

● South America
Brazil
Argentina
Rest of South America

● Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific

● Middle East and Africa

Key Developments

● In September 2024, Syensqo launched Riza, a new range of antioxidants and flavors exclusively derived from rosemary. It offers versatile solutions for various industries, including meat, bakery, instant meals, oil-based food products, pet foods and beverages.

● In April 2024, Cosphatec GmbH, a leader in natural preservation, expanded its portfolio of antioxidants with the launch of Cosphaderm Tocopharin. Innovative antioxidant blend offers robust protection against oxidative stress, benefiting both the oil phase of formulations and the skin.

● In December 2023, BASF launched Irgastab PUR 71, an innovative antioxidant designed to enhance both regulatory compliance and performance in polyols and polyurethane foams. The product aims to improve the stability and longevity of these materials, addressing growing industry demands for higher performance and regulatory adherence in manufacturing.

Why Purchase the Report?

● To visualize the global antioxidants market segmentation based on source, type, form, application and region as well as understand key commercial assets and players.

● Identify commercial opportunities by analyzing trends and co-development.

● Excel data sheet with numerous data points of the antioxidants market-level with all segments.

● PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.

● Product mapping available as excel consisting of key products of all the major players.

The global antioxidants market report would provide approximately 73 tables, 63 figures and 219 pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

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