Global Food Antioxidants Market - 2022-2029

Global Food Antioxidants Market - 2022-2029:

Market Overview

Food Antioxidants Market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of 5.96% during the forecast period (2022-2029).

Food antioxidants are compounds in the food which neutralize free radicles. Antioxidants protect cells from damage caused by free radicles. Some fruits like blueberries, strawberries, and raspberries are super foods because of their high antioxidant content. The primary benefit of antioxidants is their ability to react safely with free radicals before damaging body cells. Some sources of antioxidants are vitamins A, C and E, and copper, zinc and selenium. Other dietary food compounds, such as the phytochemicals in plants, have greater antioxidant effects than vitamins and minerals. The increasing health benefits awareness in consumers of food antioxidants drives the market growth in the forecast period. Also, the increasing demand for antioxidants in the food industry as preservatives drives market growth.

Market Dynamics: Increasing health benefits awareness of food antioxidant in consumers drives market growth

Consumption of antioxidant-rich food increases protection against multiple diseases. This protection is related to the antioxidant's ability to fight free radicals and reduce oxidative stress. Antioxidants help to protect cells from damage caused by free radicles. Free radicles are created naturally during breathing and exercising and convert food into energy. Some environmental sources of free radicles include cigarette smoke, air pollution, and sunlight. Therefore need for an antioxidant increases to stop all these free radicles. Different types of antioxidants defend against various types of free radicals. Antioxidants boost the immune system to fight infections. Oxidative stress damages the body and brain. It is associated with cardiovascular disease, cancer, diabetes, age-related macular degeneration, neurodegenerative diseases, autoimmune diseases, mental stress, depression, and memory loss. Increased stress, mood disorder and chronic disease increase oxidative stress. Oxidative stress is associated with inflammation. Inflammation causes chronic diseases like cardiovascular disease and mood disorders like depression. Oxidative stress increases inflammation, and inflammation increases free radicles leading to oxidative stress. Antioxidants help to reduce inflammation. The brain is susceptible to free radicles. The hippocampus is an area of the brain involved in learning and memory. Oxidative stress kills cells in the hippocampus and reduces neurogenesis. Consumption of antioxidants helps to decrease oxidative stress. The loss of neurons due to oxidative stress is linked to the development of neurodegenerative disorders such as Alzheimer's disease. Antioxidants help to reduce oxidative stress.

Market Segmentation: Synthetic antioxidants segment accounted for the highest share in global food antioxidants market

Synthetic antioxidants dominated the other segment in the forecast period. Synthetic antioxidants are synthesized artificially by combining some chemical substances in the laboratory. They are widely used as food additives to prevent rancidification, owing to their high performance and wide availability. The increasing application of synthetic antioxidant as food preservatives is due to their high reactivity and efficiency, and effectiveness in preserving foods. Butylated hydroxytoluene and butylated hydroxyanisole are readily used as antioxidants in human food. Synthetic antioxidants are used as food preservatives. The use of synthetic antioxidants in maintaining the quality of ready-to-eat food products has gained prominence, and the increasing demand for products that guarantee consumers' safety has instigated the food industry to seek their replacement with natural antioxidants. They are readily available, affordable, and more reactive when compared with natural antioxidants.

Geographical Penetration: Asia Pacific is the dominating region during the forecast period

Asia Pacific dominated the market growth due to increasing demand for processed food and food products having a long shelf life. Some of the reasons that increase the demand for antioxidants are an increase in the spending power of consumers, growing awareness among customers for healthy food products, and a growing population in developing countries like India and China, which ultimately increase the demand for processed food. Market players in the Asia Pacific region are increasingly adopting growth strategies like mergers, acquisitions, product launches and agreement trends in the market. For instance, in June 2022, Yogabar acquired the health food company SuperHealthy. This strategy helps to expand the product portfolio and increase access to a larger customer base in new markets for the Company. This Company has a product range of antioxidant mixes, peri peri cashews, masala cashews, pumpkin seeds, salted almonds and seed mixes. Also, the increasing demand for antioxidants for food preservatives in developing countries like India and China helps to grow the market in the region.

Competitive Landscape:

There are various established participants in the industry and local manufacturers; hence, the food antioxidants market is fragmented. Some major key players are Astrra Chemicals, Brenntag Food and Nutrition, DuPont, Koninklijke DSM N.V., BTSA LTD, Eastman Chemical Company, Kemin Industries, Kalsec, Barentz International B.V., and BTSA, among others. Some of the major key players launched new products to expand their product portfolio. For instance, in June 2018, DuPont launched a new antioxidant named the new Guardian Toco 30P for use in cereals and granola products. This antioxidant is made from naturally sourced tocopherols and is available in powder form. This antioxidant is a more suitable protection product than a liquid tocopherol. This product significantly inhibits the oxidation of cereals in the sensory test. In March 2021, Kalsec launched a new natural food protection blend named Durashield. This product helps to enhance the shelf life of the product. This product combines the power of natural antioxidants such as rosemary and acerola extracts with natural cultured dextrose and buffered vinegar to provide food manufacturers with a 2-in-1 blend in which the individual components are effective. It is very effective in inhibiting the growth of spoilage microorganisms in meat. Some key players expand their businesses to increase their product sales. For instance, in July 2018, BTSA, the manufacturer of natural antioxidants, natural vitamin E and omega 3 for food, cosmetics and personal care and animal nutrition, opened its new branch in the United States.

COVID-19 Impact:

Positive impact on the global food antioxidants market

During the Covid 19 pandemic, the need for health supplements increased to boost immunity. Oxidative stress and inflammation are key factors increasing COVID-19 severity, especially in chronic diseases associated with the antioxidant system fragility. Antioxidants are beneficial against Covid 19. Major antioxidants and metal chelating agents from the food source were useful for treating oxidative stress and inflammation during Covid-19. Antioxidants can prevent the action of oxidants by scavenging reactive oxygen species (ROS) and inhibiting oxidant-generating enzymes. Overproduction of ROS and deprivation of antioxidant systems play a major role in COVID-19 occurrence and severity. N-acetylcysteine and its derivatives possess various antioxidant and anti-inflammatory mechanisms helpful for COVID-19 prevention and adjuvant therapy. In particular, as demonstrated in a previous clinical trial evaluating influenza, the oral administration of N-acetylcysteine may be expected to decrease the risk of COVID-19. Also, the Accumulation of free radicals coupled with a weakened antioxidant system leads to oxidative stress, further worsening respiratory diseases. Some doctors suggested the consumption of antioxidants during the Covid pandemic to boost immunity and reduce oxidative stress, which helps to grow the food antioxidant market.

The global food antioxidants market report would provide an access to approximately 61 market data tables, 57 figures and 170 pages