Natural Antioxidant Market Size is Expected to Reach USD 4531 Million by the end of 2023
Natural Antioxidant Market Size and Growth Rate:
According to our report, Natural Antioxidant Market size was valued at USD 2923 Million in 2015 and this figure estimated to cross USD 4531 Million by the end of 2023, and growing at a CAGR of 6.42% during the forecast period 2016-2023.
Antioxidants are used as supplements in the pharmaceutical industry and contribute to the preservation of food products. The global antioxidant market is expected to experience significant growth during the forecast period due to lower costs, higher investment and approval of products by regulators and greater demand for these products. In addition, developed economies have discovered new growth opportunities by focusing more on natural antioxidants such as rosemary extract.
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Natural Antioxidant Market Demand Factors:
The increase in demand from the end-user sector, together with a greater awareness of health, is one of the main drivers of growth in the global antioxidant market. Strict regulatory standards for the use of antioxidants, consumer concerns about high levels of artificial antioxidants in foods and beverages, and changes in consumer behavior are some of the key factors that slow down the growth of the market. Europe had the highest level of antioxidants, followed by North America. Several other benefits of antioxidants, such as the treatment of children with celiac disease, control of blood pressure and the success of the liver transplant procedure, are other important factors in the market share of antioxidants in western countries.
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Geographical Existence of Natural Antioxidant Market:
Antioxidant markets in Europe and North America are expected to provide lucrative growth opportunities during the forecast period. The proliferation of pre-aging problems, health problems due to antioxidant deficiency and food safety problems are driving the antioxidant market in Africa and the Asia-Pacific region. Although the United States and China have generated a significant part of the revenue, China has captured the production of vitamin C.
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Natural Antioxidant Market Major Key Manufacturers are mentioned in this report:
BASF SE, Archer Daniels Midland Company, Dupont, Eastman Chemical Company, Koninklijke DSM N.V., Frutarom, Ltd., Kemin Industries, Inc., Camlin Fine Sciences, Ltd., Barentz Group, Kalsec Inc and more other key players are involved in this report.
Natural Antioxidant Market Segmentation:
The market for natural antioxidants has been classified into natural types of rosemary extract, vitamin A, vitamin C and vitamin E, while synthetic antioxidants include butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT) and others. The synthetic antioxidant segment is expected to dominate during the forecast period.
Natural Antioxidant Market – By Product Type:
- Natural Vitamin E
- Pepper Extract
- Flavor extracts
- Tea Polyphenol
- Astaxanthin
- Anthocyanin
- Other
Natural Antioxidant Market – By End-user/Application:
- Food
- Beverages
- Pharmaceuticals
- Others
Natural Antioxidant Market – Geographical Segment:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Rest of the world
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