Antioxidants are molecules that inhibit the oxidation process. Food antioxidant is a category of antioxidants which have the property to prevent the oxidation of food products consequently enhancing their shelf-life. These antioxidants help in the prevention of diseases and promote good health. Antioxidants are basically two types: food antioxidants and industrial antioxidants. Food antioxidants are derived from fresh fruits & vegetables and industrial antioxidants are derived from petroleum.
Food antioxidants are helpful to health in various sort of ways, for instance for eye health, heart health, prostate health, and urinary tract health. Increasing the intake of food antioxidants in the diet will protect the human body against immune system issues, mood disorders and memory problems. Rising demand for food & beverages sector will enhance the growth of the food antioxidants market.
According to study, “Food Antioxidants Market: Market Segments: By Type (Natural and Synthetic); By Source (Fruits & Vegetables, Oils, Spices & Herbs, Botanical Extracts, Gallic Acid, & Petroleum); By Application (Prepared Meat & Poultry, Fats & Oils, Bakery & Confectionery, & Others) and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030” the key companies operating in the global food antioxidants market include Advanced Organic Materials, S.A., International Flavors & Fragrances Inc. IFF, BASF SE, Archer Daniels Midland Company, DSM, Kemin Industries, Inc, Eastman Chemical Company, DuPont, Kalsec Inc., Cargill Incorporated and among others.
Based on type, food antioxidants market is segregated as natural and synthetic. Natural type includes Carotenoids, Vitamin E, Vitamin C, Greentea extracts, Rosemary extracts and other natural types (acerola extracts and grapeseed extracts). Additionally, synthetic type includes BHA, TBHQ, PG, BHT and other synthetic types (potassium sorbate and calcium propionate). Natural segment dominates the global market owing to rise in public perception of healthy eating habits. Based on source, market is segregated as spices & herbs, fruits & vegetables, botanical extracts, oils, gallic acid and petroleum-derived. In addition, based on application, market is segregated as seafood, prepared foods, fat & oils, prepared meat & poultry, plant-based alternatives (meat and dairy), bakery & confectionery, nutraceuticals and others.
The food antioxidants market is driven by rise in demand for food products with an extended shelf life, followed by increase in purchasing power & growth in the middle-class population, increase in end-use applications of food antioxidants, growth in the prepared food industry and rise in the use of natural antioxidants in meat & poultry. However, limited awareness about the benefits of food antioxidants and high cost of natural food antioxidants/safety issues with synthetic food antioxidants may impact the market. Moreover, growth in demand in emerging economies is a key opportunity for market. Furthermore, increase in packaging costs due to multi-page labeling and stringent government regulations in developed countries are major challenge for global market.
Based on geography, the Asia-Pacific is a leading region in global food antioxidants market owing to growth in product demand for beverages products across the region. The North America and Europe regions are anticipated to witness higher growth rate due to rise in demand for bakery & confectionary products and growth in processed food industry over the forecast period. It is anticipated that future of the global food antioxidants market will be optimistic as a result of high production and consumption of processed food in developed & developing countries and rise in awareness among consumers for healthier alternatives during the forecast period.
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Global Food Antioxidants Market Analysis
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