The market for antioxidants was projected to be worth close to USD 2.11 billion in 2022. Over the course of the anticipated time, the market would be influenced by several factors, such as the growing global population, rising packaged goods demand, and the exponential growth of the pharmaceutical industry. It is anticipated to have generated USD 5.3 billion by 2033, with a 9.1% compound annual growth rate from 2023 to 2033.
One of the biggest worries for consumers worldwide is the rising prevalence of lifestyle-related disorders like diabetes, obesity, heart disease, and other non-communicable diseases (NCDs). The demand for natural antioxidants has been rising for a long time as a result of consumers being more conscious of healthy practices and making significant dietary adjustments. Customers who are concerned about their weight are more aware of how many calories they consume each day and are open to consuming low-calorie, high-nutrient items. Natural antioxidants have been found to be helpful in treating a number of illnesses, including diabetes, cardiovascular disease, and other non-communicable diseases (NCDs). Customers are now concentrating on including antioxidants in their normal diets as a result.
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In addition, health enthusiasts and fitness freaks are more likely to be attracted to organic and natural antioxidants as key ingredient in foods, beverages, and dietary supplements. The results could lead to strong growth in the natural antioxidant market over the next few years.
To avoid contaminating raw materials, the great majority of animal farms worldwide are converting to alternative additives including organic acids, hazardous binders, and natural antioxidants. By using these substitutes, the feed-to-food model’s level of antibiotic resistance is also decreased. It should be mentioned that AMR levels have risen to alarm levels globally and that patients are becoming less receptive to first- or second-line therapies. The majority of people use natural antioxidants to strengthen their immune systems because oxidative stress is also a key cause of immune system dysregulation and a number of disorders. Usually are. These elements motivate customers to exercise caution and make plenty of room for the healthy development of of natural antioxidants during the forecast period.
Key Takeaways from Market Study
- Asia-Pacific holds the major share and is expected to be the largest market for natural antioxidants, with sales estimated to reach ~US$ 1.1 Bn by 2032-end.
- The natural antioxidants market in North America and Europe is expected to register a high growth rate in the coming years, owing to a remarkable hike in the consumption of nutritional supplements in these regions.
- Increasing interest in the consumption of natural products is expected to bolster the demand for natural antioxidants.
- Global natural antioxidants market represents a fairly consolidated competition landscape, where the majority of key players are investing in R&D to lower the production cost of natural antioxidants.
- Natural antioxidants exhibit low volatility and high stability at high temperatures, offering better aid to food production techniques, including frying, cooking ,or baking.
- Regulatory authorities are imposing limitations on the application of artificial antioxidants, leaving manufacturers of natural antioxidants in high spirits.
“The natural antioxidants market is being driven by their taste, aroma, and health benefits. Rising awareness about the product along with increased use in the F&B industry are key factors for market expansion,” says a lead analyst at Future Market Insights.
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Who is Winning?
Many CEOs re-checked their company’s portfolios and re-figured their strategy in 2020 and 2021 due to the global upheaval generated by COVID-19. Companies have worked on strategies such as marketing and packaging, adopted labels trends, and taken various steps to promote the product in different markets along with reaching new geographies.
Utilizing primary natural antioxidants is not sufficient to meet all requirements. For example, rosemary extract (E392), which is primarily used in foods, works well with animal fats, but provides an unwanted odor and flavor. Studies have shown that combining two or more natural antioxidants works more effectively in most cases. Therefore, market participants offer a combination of tocopherol and rosemary extract. In addition, tocopherol is combined with citric acid or isopropyl citrate for optimal effect. To minimize food waste, players in the food industry extract natural antioxidants from the bran layer of cereal plants. Research emphasizes the inefficiencies of branded natural antioxidants compared to existing natural antioxidants, but ongoing research and development are underway to maximize the potential of branded natural antioxidants. I’m on the way.
Key players operating in the global natural antioxidants market include BASF SE, Ajinomoto Co Inc, Naturex S.A., Adisseo France SAS, The Archer Daniels Midland Company, I. du Pont de Nemours and Company, A & B Ingredients Inc, Hansen A/S, Koninklijke DSM N.V., Cargill, and Ingredients Inc.
Key Segment
Product:
- Vitamins
- Carotenoids
- Polyphenols
Nature:
- Organic
- Conventional
Source:
- Fruits & Vegetables
- Herbs & Spices
- Microalgae & Seaweed
End-Use:
- Food & Beverages
- Meat, Fish & Poultry
- Spice & Condiments
- Oil, Fat & Margarine
- Packaged Food
- Bakery & Confectionery
- Others
- Cosmetics
- Skin Care
- Hair Care
- Nutraceuticals
- Pharmaceuticals
- Feed Industry
Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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