Report Ocean conducted research on the global Antioxidants market, some important discoveries were made. First, the market is expanding steadily, and over the coming years, demand is expected to rise. Second, there is a lot of market competition, yet only a few major businesses control the sector. Last but not least, there are numerous chances for market innovation and improvement, notably in terms of product offerings and marketing tactics.
The global antioxidants market size was US$ 3671.03 million in 2021. The global antioxidants market size is forecast to reach US$ 6636.4 million by 2030, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2022 to 2030.
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An antioxidant is a substance that can reduce or prevent the damage cells are subject to from free radicals, unstable molecules the body produces in response to environmental and other stresses. Antioxidants can be natural or artificial. In addition, they are sometimes called “free radical scavengers.” Many plant-based foods contain antioxidants. Phytonutrients or plant-based nutrients are antioxidants derived from plants. In addition to endogenous antioxidants, the body also produces some antioxidants. The body also generates some exogenous antioxidants. Oxidative stress, or free radicals, damage the body’s cells. Antioxidants protect the body from these damages. The nutritional content of foods with high antioxidant levels is generally known as a “superfood” or “functional food.”
Factors Influencing Market Growth
Due to a decrease in cost, an increase in investment & product approval by regulatory authorities, and the increase in demand for antioxidants in the food & beverage industry, the global antioxidant market is forecast for noticeable growth during the forecast period.
As developed economies move towards natural antioxidants such as rosemary extract, it creates new growth opportunities for the overall market.
The demand for natural antioxidants, such as vitamin C, vitamin E, and polyphenols, for use in a post-skin application, is forecast to drive global market growth.
The antioxidants market may face a slowdown during the forecast period owing to the abundance of synthetic antioxidants, such as Beta Hydroxy Acids (BHA), Butylated Hydroxytoluene (BHT), propyl gallates, and Ethylenediaminetetraacetic acid (EDTA).
Impact Analysis of COVID-19
The COVID-19 pandemic outbreak had a significant impact on the global economy and end-use industries of the antioxidants market. In the wake of the pandemic, the food and beverage industries have experienced several highs and lows in their progress. The government-imposed lockdowns and implemented social distancing norms, resulting in numerous manufacturing facilities remaining closed. Moreover, a lack of public mobility and the imposition of trade barriers disrupted the market’s supply chain. Thus, the COVID-19 pandemic had a negative impact on the global market.
Regional Insights
The Asia Pacific region is forecast to have the largest market over the forecast period. As a result of the increasing demand for antioxidants in the food & feed and manufacturing sectors. Due to the increase in the use of antioxidants in various end-use applications such as automotive, construction, pharmaceutical, and food in China, the country has become a leading producer and consumer of antioxidants.
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Leading Competitors
The leading prominent companies profiled in the global antioxidants market are:
BASF SE
E.I.DuPont El Nemours and Company
Barentz International BV
Kalsec Incorporated
Kemin Industries, Incorporated
Koninklijke DSM N.V.
Nutreco N.V.
Cargill Incorporated
Aland (Jiangsu) Nutraceutical Co. Limited
Naturex S.A.
Other Prominent Players
Scope of the Report
The global antioxidants market segmentation focuses on Type, Form, Application, and Region.
Segmentation based on Type
Natural Antioxidants
Synthetic Antioxidants
Segmentation based on Form
Dry
Liquid
Segmentation based on Application
Food and Feed Additives
Pharmaceuticals
Personal Care Products
Fuel and Lubricant Additives
Plastic, Rubber, and Latex Additives
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
?The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
?The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
?Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
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