The worldwide market for antioxidants was estimated at US$ 2,243.8 Million in 2014 and is likely to touch US$ 3,111.5 Million towards 2020 end whereas growing at a CAGR of 5.6% during 2014-2020. On the basis of volume, the market for antioxidants was estimated at 75.5 thousand tonnes during 2014 and is projected to touch 103.3 thousand tonnes towards 2020 end whereas growing at a 5.3% CAGR. The market is mainly fuelled by growing global meat consumption, rising need for anti-aging products, strict government regulatory structure as well as the escalating shelf life of food products. The rise in demand for anti-aging products is additionally stimulating the expansion of the worldwide antioxidants market at present.
The worldwide economic slowdown had a low effect on the worldwide antioxidants market and the market is required to keep on seeing development during the conjectured time frame. On the other hand, altering eating patterns are influencing the market expansion regionally, because of altering diet patterns, populace and urbanization, and economic development. The worldwide meat market, around the world, was esteemed at US$ 39.2 Trn during 2012 and US$ 40.9 Trn during 2014. Pork meat has been representing the biggest share in the overall worldwide meat market since the most recent four years. Nonetheless, the market for chicken meat has encountered high development in the most recent four years. The increasing populace is boosting the market development of meat around the world. The populace drifts on the world’s biggest and quickest developing economies, where the need for feed items is required to rise quickly with the ascent in the populace.
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The worldwide populace is projected to gain over 7.99 Billion by 2025, from 6.9 Billion during 2011. Because of developing life expectancy and remarkable development of the agriculture segment, the need for feed antioxidants in the worldwide meat industry is likely to develop amid the estimated time frame. Brazil and India are among the world’s quickest developing economies and are foreseeing a continuous increment in their per capita income. This might cause a standard alteration in dietary inclinations in both nations. Conversely, meat consumption patterns are projected to change across the world because of religious, cultural, and other customer inclination factors. Inferable from these components, the need for feed antioxidants is projected to develop, thusly, fueling the expansion of the overall antioxidants market in the approaching years.
Based on products, the synthetic antioxidants market segment is relatively larger in contrast to the natural antioxidants market as well as will stay dominant amid the projected period.
Topmost makers identified in the worldwide antioxidants market are Archer-Daniels Midland Company, Aland (Jiagsu) Nutraceutical Co. Ltd, BASF SE, DuPont, Kalsec, Inc., Cargill Incorporated, Kemin Industries, Inc., Naturex S.A., Koninklijke DSM N.V., Vitablend Nederland B.V., and Nutreo N.V. So as to uphold their market share in the antioxidants market, makers have been coming into several mergers & acquisitions in addition to adopting the approach of geographic expansion, particularly in Asian nations such as India, China, and other Southeast Asian nations.
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