Global Food Antioxidants Market 2023-2029
Antioxidants are compounds that inhibit oxidation, a chemical reaction that can produce free radicals and chain reactions that may damage the cells of organisms. Antioxidants play a major role in ensuring that food products retain their taste and color and do not become poisonous over a long period. Their use is particularly important for avoiding oxidation of fats and fat-containing products. According to latest analysis, the global food antioxidants market was USD 1,572.2 million in 2022 and is expected to reach USD 2,230.0 million in 2029 and register a CAGR of 5.12% during the forecast period, 2023-2029.
The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global food antioxidants market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, and region. The global market for food antioxidants can be segmented by product: natural antioxidants, synthetic antioxidants. Food antioxidants market is further segmented by application: bakery & confectionery, dairy, meat & poultry, oils & fats, others. Based on region, the food antioxidants market is segmented into: Asia-Pacific, Europe, North America, Rest of the World (RoW).
The synthetic antioxidants market is further segmented into butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), erythorbates, ethylenediaminetetraacetate (EDTA), propyl gallate, tert-butylhydroquinone (TBHQ), others. Globally, the TBHQ segment made up the largest share of the food antioxidants market. Furthermore, the natural antioxidants (by source) market has been categorized into fruits and vegetables, herbs and spices, nuts and seeds, others. The fruits and vegetables segment was the largest contributor to the global food antioxidants market in 2022.
Market Segmentation
By product: natural antioxidants, synthetic antioxidants
By application: bakery & confectionery, dairy, meat & poultry, oils & fats, others
By region: Asia-Pacific, Europe, North America, Rest of the World (RoW)
The report has also analysed the competitive landscape of the global food antioxidants market with some of the key players being BASF SE, Givaudan SA (NATUREX SA), Indena S.p.A., International Flavors & Fragrances Inc. (DuPont Nutrition & Biosciences), Kalsec Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Prinova Group LLC, The Archer-Daniels-Midland Company, Vitablend Nederland B.V. (Barentz B.V.), Vitae Caps S.A. (Vitae Naturals), among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Scope of the Report
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