Global Food Antioxidants Market Size, Trends, and Growth Opportunity, By Type (Synthetic, Natural), By Form (Dry, Liquid), By Application (Meat & Poultry, Bakery & Confectionery, Fats & oil, Fish, Pet Food, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Report ID : IR1002469 | Industries : Food and Beverage | Published On :July 2024 | Page Count : 243
Global Food Antioxidants Market Size, Trends, and Growth Opportunity, By Type (Synthetic, Natural), By Form (Dry, Liquid), By Application (Meat & Poultry, Bakery & Confectionery, Fats & oil, Fish, Pet Food, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Global Food Antioxidants Market
The Global Food Antioxidants Market was valued at USD 532.22 million in 2022 and is expected to expand to USD 853.45 million in 2030 at a CAGR of 6.05 % during the forecast period 2023-2030.
Food Antioxidants improve the shelf life of products like bakery, confectionery, and snack products. The presence of antioxidants inhibits oxidation and extends the shelf-life of food products and prevents the formation of free radicals in the human body.
Market Drivers
The increasing use of food antioxidants in a wide variety of prepared meals and packaged food propel the growth of the market.
The growing requirements for the long shelf life of packaged food, rising food consumption, and growing population act as major factors for the growth of the market during the forecast period. Furthermore, the growing consumer awareness regarding the food products they consume and the ingredients used to prepare to boost the expansion of the market.
The changing lifestyle, rising urbanization, and adoption of Western culture demand prepared food which increases the use of food antioxidants fuels the market growth.
Market Restraints
The high cost associated with natural food antioxidant hinders the growth of the market. Furthermore; the safety issue associated with synthetic food antioxidants restrains the growth of the global food antioxidants market.
COVID-19 Impact on Food Antioxidants Market
The outbreak of covid-19 significantly impacted the market as restrictions and lockdowns were imposed by the government to protect public health and the shutdown of many food facilities along with local food stores. Additionally, consumers tend to avoid meat due to the risk of viruses transmitted through the meat. However, the growing consumption of prepared food has driven the food antioxidant market during the pandemic.
Impact of Russia Ukraine War on the Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the food antioxidants market:
Disruptions in the supply chain: Many Food Antioxidants manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting food antioxidants production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as the demand for food antioxidants in the region.
Market Segmentation
The Global Food Antioxidants Market is segmented on the basis of Type, Form, Application, and Region. Based on Type, it is segmented into Synthetic, Natural. On the basis of Form, it is segmented into Dry, Liquid. Based on Application, it is segmented into Meat & Poultry, Bakery & Confectionery, Fats & oil, Fish, Pet Food, and Others. On the basis of Region, it is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Analysis
Asia Pacific is likely to dominate the market over the forecast period owing to the rising population and the growing consumption of food increases the demand for food antioxidants in this region.
North America and Europe are also anticipated to witness substantial growth because of the growing awareness regarding the health benefits of antioxidants in this region.
Key Players
Various key players are listed in this report such as BASF SE, Archer Daniels Midland Company, DuPont, Kalsec Inc, Kemin Industries, Camlin Fine Sciences, 3A Antioxidants, Eastman Chemical Company, Frutarom Ltd, Barentz Group, Vitablend Nederland BV, Crystal Quinone Pvt Ltd, Sasol Limited, Naturex.
Market Taxonomy
By Type
• Synthetic
• Natural
By Form
• Dry
• Liquid
By Application
• Meat & Poultry
• Bakery & Confectionery
• Fats & oil
• Fish
• Pet Food
• Others
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Food Antioxidants Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Food Antioxidants Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Food Antioxidants Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Food Antioxidants Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Food Antioxidants Market Share Analysis, By Type
5.3 Food Antioxidants Market Size and Forecast, By Type
5.3.1 Synthetic
5.3.2 Natural
6 Food Antioxidants Market, By Form
6.1 Y-o-Y Growth Comparison, By Form
6.2 Food Antioxidants Market Share Analysis, By Form
6.3 Food Antioxidants Market Size and Forecast, By Form
6.3.1 Dry
6.3.2 Liquid
7 Food Antioxidants Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Food Antioxidants Market Share Analysis, By Application
7.3 Food Antioxidants Market Size and Forecast, By Application
7.3.1 Meat & Poultry
7.3.2 Bakery & Confectionery
7.3.3 Fats & oil
7.3.4 Fish
7.3.5 Pet Food
7.3.6 Others
8 Food Antioxidants Market, By Region
8.1 Food Antioxidants Market Share Analysis, By Region
8.2 Food Antioxidants Market Share Analysis, By Region
8.3 Food Antioxidants Market Size and Forecast, By Region
9 North America Food Antioxidants Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Food Antioxidants Market Share Analysis, By Type
9.3 North America Food Antioxidants Market Size and Forecast, By Form
9.4 North America Food Antioxidants Market Size and Forecast, By Application
9.5 North America Food Antioxidants Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Food Antioxidants Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Food Antioxidants Market Share Analysis, By Type
10.3 Europe Food Antioxidants Market Size and Forecast, By Form
10.4 Europe Food Antioxidants Market Size and Forecast, By Application
10.5 Europe Food Antioxidants Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Food Antioxidants Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Food Antioxidants Market Share Analysis, By Type
11.3 Asia Pacific Food Antioxidants Market Size and Forecast, By Form
11.4 Asia Pacific Food Antioxidants Market Size and Forecast, By Application
11.5 Asia Pacific Food Antioxidants Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Food Antioxidants Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Food Antioxidants Market Share Analysis, By Type
12.3 Latin America Food Antioxidants Market Size and Forecast, By Form
12.4 Latin America Food Antioxidants Market Size and Forecast, By Application
12.4 Latin America Food Antioxidants Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Food Antioxidants Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Food Antioxidants Market Share Analysis, By Type
13.3 Middle East Food Antioxidants Market Size and Forecast, By Form
13.4 Middle East Food Antioxidants Market Size and Forecast, By Application
13.5 Middle East Food Antioxidants Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 BASF SE
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Archer Daniels Midland Company
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 DuPont
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Kalsec Inc
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Kemin Industries
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Camlin Fine Sciences
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 3A Antioxidants
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Eastman Chemical Company
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Frutarom Ltd
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Barentz Group
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Vitablend Nederland BV
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 Crystal Quinone Pvt Ltd
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 Sasol Limited
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
15.14 Naturex
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies