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.
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Scope of the Report
• To analyze and forecast the market size of the global food antioxidants market.
• To classify and forecast the global food antioxidants market based on product, application, region.
• To identify drivers and challenges for the global food antioxidants market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global food antioxidants market.
• To identify and analyze the profile of leading players operating in the global food antioxidants market.
Why Choose This Report
• Gain a reliable outlook of the global food antioxidants market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2022 |
| Forecast Year | 2023-2029 |
| CAGR (2023-2029) | 53.5% |
| Pages | 91 |
| Key Players | 10x Genomics Inc., Agilent Technologies Inc., Berry Genomics Co. Ltd., BGI Group, Bioneer Corporation, Codex DNA Inc., Danaher Corporation, Eurofins Scientific SE, F. Hoffmann-La Roche AG, GenScript Biotech Corporation, Illumina Inc., Kaneka Corporation, LGC Ltd., Macrogen Inc., Merck KGaA, Microsoft Corporation, New England Biolabs Inc., Oxford Nanopore Technologies Limited, Pacific Biosciences of California Inc., Seagate Technology Holdings plc, Thermo Fisher Scientific Inc, Twist Bioscience Corporation |
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