U.S (New York)– The “Antioxidants Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
Global Antioxidants Market was valued at $2,923 million in 2015 and is expected to reach $4,531 million by 2022, registering a CAGR of 6.42% during the forecast period. Antioxidants are used as vitamin supplements in pharmaceutical industry and help in preserving food products. Antioxidants market is segmented based on type and geography. By type, it is subcategorized into natural that includes vitamin A, vitamin B, vitamin C, and rosemary extract and synthetic antioxidants, which comprises butylated hydroxyanisole (BHA), butylated hydroxytoluene, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The global antioxidants market is poised to witness significant growth during the forecast period owing to decrease in their costs, increase in investment & product approval by regulatory authorities, and increase in their demand in the food & beverage industry. In addition, developed economies have discovered new growth opportunities by shifting their focus on natural antioxidants such as rosemary extract. Conversely, Asia-Pacific is expected to show growth in the demand for synthetic antioxidants during the forecast period.
Natural antioxidants market has been categorized into four types-rosemary extract, vitamin A, vitamin C, and vitamin E; while synthetic antioxidants comprise three types-butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), and others. Synthetic antioxidants segment is projected to dominate during the forecast period. .
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The European and North American antioxidants markets are expected to offer lucrative growth opportunities during the forecast period. Increase in pre-aging problems, health issues due to antioxidants deficiency, and food safety concerns drive the antioxidants market in Africa and Asia-Pacific. Even though, U.S. and China contributed major revenue share, China monopolized in vitamin C production.
Porter’s Five Forces Analysis
Owing to the presence of high number of suppliers of natural antioxidants in the market, the bargaining power of the suppliers remains moderate. However, higher number of buyers results in increased bargaining power of buyers. Since, natural antioxidants are expensive as compared to synthetic antioxidants, the threat of substitutes is low at present. However, the market players experience high rivalry due to the presence of several startups as well as established companies.
Top Impacting Factors
1. Growth in demand for food & beverages, animal feed additive, and pharmaceuticals
Antioxidants in food & beverage industry are primarily used as preservatives. However, exponential increase in the global population is expected to increase its demand in other industries such as pharmaceutical and animal fodder. Asia-Pacific has high number of undernutrition cases, resulting in high demand for antioxidants supplements. Moreover, farmers are being encouraged to feed fodder with antioxidants, to their cattle to enhance their milk yield
2. Increase in demand for rosemary extract
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Companies have shifted their focus on rosemary extract as it has more antioxidant content than others, provides longer shelf life, and prevents premature aging; consequently, it has witnessed an increase in demand. In fact, many companies in U.S. have made substantial investments for the development of antioxidant medicines.
Top Winning Strategies
The key players in the global antioxidants market have adopted acquisitions, agreements, product launch, and partnerships as their key business strategies.
The rise in awareness regarding health benefits associated with antioxidants coupled with nutrient deficiency in the region has catalyzed the market growth. The antioxidant market in LAMEA is anticipated to grow with a CAGR of 6.50% between 2016 and 2022, while the Middle East market is anticipated to witness a CAGR of 6.73%.
:ANTIOXIDANTS MARKET KEY BENEFITS:
This antioxidants market report gives a detailed analysis about dynamic changes undergoing in global along with antioxidants market share.
This report provides deep insights about the various opportunities present in global antioxidants market.
Report details about the positioning of the global antioxidants market growth in different geographical segments.
This report entails the detailed quantitative analysis of current market and estimations through 2016-2022, that assist in identifying the prevailing market opportunities to capitalize on the global antioxidants market.
Comprehensive analysis on factors that are driving and restraining growth of global antioxidants market is included.
Competitive intelligence of leading manufacturers and distributors of antioxidants mentioned in report helps in understanding the competitive scenario across the geographies.
The key players in the antioxidants industry includeArcher-Daniels-Midland Company, BASF SE, E.I.DuPont El Nemours and Company, Barentz International BV, Kalsec Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Nutreco N.V., Cargill Incorporated, Aland (Jiangsu) Nutraceutical Co. Ltd., and Naturex S.A.
Other prominent antioxidants industry players(not profiled in this report) are DSM, Prinova, Tianjin Jianfeng Natural Products Co. Ltd, Indena SPA, Ajinomoto Omnichem Specialties, Vitablend Nederland B.V., Jet-Mate Canada Inc., Emarald Performance Materials, Adeka Palmarole, Xinier Chemical Technology Ltd, and Nanjing Union Rubber Chemicals Co. Ltd
ANTIOXIDANTS MARKET KEY SEGMENTATION:
By Type
Natural Antioxidants
Rosemary Extract
Vitamin A
Vitamin C
Vitamin E
Synthetic Antioxidants
Butylated Hydroxy anisole (BHA)
Butylated Hydroxytoluene (BHT)
Others
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By Geography
North America
U.S.
Canada
Mexico
Europe
UK
France
Russia
Germany
Italy
Rest of Europe
Asia-Pacific
China
Thailand
Japan
South Korea
Australia
Taiwan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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