Global Antioxidant Supplement Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Antioxidant Supplement Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Antioxidant supplements contain concentrated forms of antioxidants, which can help trap and neutralize free radicals, thereby stabilizing free radicals.

Market Overview:

The latest research study on the global Antioxidant Supplement market finds that the global Antioxidant Supplement market reached a value of USD 3409.01 million in 2022. It’s expected that the market will achieve USD 4672.3 million by 2028, exhibiting a CAGR of 5.39% during the forecast period.

Market Drivers

Globally, emerging economies such as China are experiencing a high degree of industrialization. With the growth of these emerging economies and high disposable income, residents’ awareness of antioxidant supplements has gradually increased, and people’s demand for antioxidant supplements has continued to grow. In regions such as Europe and North America, due to the maturity of the antioxidant supplement market, many manufacturers have also begun to enter emerging economies in order to continue to gain market share. For example, in China, where labor costs are low, transportation is convenient, and the industrial chain is relatively mature, it is expected to attract more investment opportunities, which also drivers the antioxidant supplement industry.

Due to concerns about synthetic antioxidant supplements, natural antioxidants have gradually become popular. In addition to existing antioxidant supplements, industry research and development activities are also interested in natural alternative products. Taking plant extracts as an example, the phenolic compounds present in plants have antioxidant properties. The quantity and characteristics of phenolic compounds extracted from plants mainly depend on many factors, including climate, variety and species. Because these phenolic compounds also have antioxidant properties, such as the ability to chelate metals and trap free radicals, research in this field is encouraged. In addition, phenolic compounds also play an important role in preventing and delaying auto-oxidation, which in turn has attracted great attention to plant-based antioxidants. For some vegetarians, plant-derived antioxidant supplements are more attractive. New products being continuously developed will continue to promote the development of the industry.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The Nature’s Bounty Co is one of the major players operating in the Antioxidant Supplement market, holding a share of 16.32% in 2021.

The Nature's Bounty Co. manufactures and retails nutritional supplements. The Company offers vitamins, minerals, herbs, food, nutrition, and supplement product.

GNC operates a chain of health and wellness stores worldwide. The Company retails health and wellness products including vitamins, minerals, and herbal supplements (VMHS), as well as sports nutrition and diet.

Segmentation Overview:

Among different product types, Natural segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Offline segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Antioxidant Supplement market covered in Chapter 3:

Kobayashi Pharmaceutical
Swisse
Amway
Biocare
The Nature's Bounty Co
AST R-ALA
Cytoplan
Bulkpowders
Vibrant Health
Life Extension
HealthKart
BY-HEALTH
GNC
Jarrow Formulas
NOW

In Chapter 4 and Chapter 14.2, on the basis of types, the Antioxidant Supplement market from 2018 to 2029 is primarily split into:

Nature
Synthetic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Antioxidant Supplement market from 2018 to 2029 covers:

Online
Offline

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)