The market for antioxidants witnessed massive slowdown in its progress as a result of the spread of Covid-19 pandemic across the globe. But in the post covid world, with the changing consumer habits, there is an increasing inclination towards consumption and application of vitamin supplements and effective preservation food products has been gradually improving the performance of antioxidants market. As recovery commences in 2021, major players are recuperating their positions through production expansion, capacity utilizations and online selling in 2021 keeping in view the covid-19 norms.
Health benefits of consuming antioxidants have been witnessing an uptick in terms of awareness of consumers towards them. With every passing year, more consumers are being informed about the benefits of consuming antioxidants through food and beverages. Changing diet patterns of consumers and a significant rise in global meat consumption has further surged the demand for antioxidants. Some of the key advantages of consuming antioxidants include:
- Counteracting the effects of free radicals produced naturally in our bodies
- Different antioxidants can benefit different parts of the body; from eyes and heart to prostate and urinary tract
- Protecting skin from photo-oxidation of UV rays
- Supporting the immunity system by protecting cellular DNA and cell membranes from mutation
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An exclusive research study by Future Market Insights projects that factors as such are observed to be the key drivers for the growth of the global antioxidants market. Their health benefits will drive their demand in the assessment period, 2014-2020, as the report projects a steady expansion of the global antioxidants market through 2020. During this forecast period, the report expects that increasing intake of antioxidants in optimizing one’s health and improving memory abilities will also serve as a proponent in driving the sales of products containing antioxidants.
Key Companies in the Global Antioxidants Market
According to the report, companies namely, Aland (Jiangsu) Nutraceutical Co., Ltd., Archer-Daniels-Midland Company, BASF S.E, Cargill, Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Naturex S.A., Nutreco N.V., and Vitablend Nederland B.V. are observed to remain active in the expansion of the global antioxidants market through 2020. A majority of these producers will be striving the balance the negative effects of antioxidants consumption by boosting the health-benefitting properties of their products.
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Recent Trends in Food Applications of Antioxidants
Key trends that will be influencing the use of antioxidants in the food and beverage industry have been analyzed in the report. They include:
- Scientific developments in antioxidant action on lipids
- Use of antioxidants as an antimicrobial agent
- Hormone research studies proving the key role of antioxidants in protecting the membranes of tissues and cells
- Growing use of emulsified oils in production of food products
- Rising adoption of in-situ extraction
- Increasing consumption of uncomminuted food such as roasted beef
- Surging demand for pre-cooked frozen fast foods and freeze-dried foods, among others
Global Antioxidants Market: Segmental Analysis and Regional Insights
The report projects that the demand for antioxidants will be greatly influenced by the changing undercurrents of the food and beverage industry. An extensive value chain analysis and opportunities assessment has been provided in the report to extend the reader’s knowledge on untapped growth potential of the global antioxidants market.
The global market for antioxidants has been segmented on the basis of type of antioxidants and region. With respect to the product-type, the demand for natural antioxidants over synthetic antioxidants is anticipated to remain significantly high through 2020. The report also projects that natural antioxidants will register the fastest revenue growth throughout the forecast period. On the basis of geographies, the global antioxidants market has been further segmented into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. Among these, North America is anticipated to represent the largest market for antioxidants. Robust growth in food & beverage industry, coupled with high meat consumption, will be driving the demand for antioxidants in the US and Canada. The APAC antioxidants market is also anticipated to remain lucrative for manufacturers through 2020.
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Key Players: Antioxidants Market
Key manufacturers identified in the global antioxidants market include Aland (Jiagsu) Nutraceutical Co. Ltd, Archer-Daniels Midland Company, BASF SE, Cargill Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Naturex S.A., Nutreo N.V. and Vitablend Nederland B.V. In order to sustain their market share in the antioxidants market, manufacturers have been entering into various mergers and acquisitions as well as following the strategy of geographic expansion, especially in Asian countries like China, India and other Southeast Asian countries.
Key Segments Covered: Antioxidants Market
By Product Segment
- Natural Antioxidants
- Rosemary extracts
- Vitamin A
- Vitamin C
- Vitamin E
- Synthetic Antioxidants
- Butylated hydroxyanisole
- Butylated hydroxytoluene
- Others