Global Food Antioxidants Market: Rise in demand for food products with an extended shelf life will significantly drive market during forecast period.

Published Date: 03/05/2021

The food antioxidants market was valued at USD 1.3 billion in 2020 and is projected to grow at a CAGR of 6.3 % to reach USD 2.0 billion by 2027. In the past decade, people have become more health conscious, and have started consuming antioxidants for nutrition requirements. Antioxidants that increase immunity, enhance memory, and help stay active, provided that the product is completely organic, are always high in demand. Antioxidants are usually in the powder or liquid form. Dietary antioxidants can also contain substances that are not confirmed as being essential to life, but instead are marketed as possessing a beneficial biological effect - plant pigments or polyphenols. Antioxidants help in the prevention of diseases and promote good health. Antioxidants are of two different types - industrial antioxidants and food antioxidants. Industrial antioxidants are derived from petroleum, but food antioxidants are derived from fresh fruits and vegetables.

Food antioxidants are beneficial to the health in different ways, such as for eye health, prostate health, heart health, and urinary tract health. Boosting the intake of food antioxidants in the diet will protect the human body against immune system issues, memory problems, and mood disorders. The growing demand for the food and beverages sector will enhance the growth of the food antioxidants market.

The human body naturally produces more free radicals. In order to counter the damaging effects caused by free radicals, the body produces antioxidants. But in most cases, the number of free radicals produced is more when compared to the naturally occurring antioxidants. The body has to maintain a balance in the antioxidant count, so an external supply of antioxidants is required. These antioxidants benefit the body by removing free radicals from the stream. The external supply of antioxidants is provided by fresh fruits and vegetables, which are called food antioxidants.

Food antioxidants provide various health benefits to different parts of the body. Beta carotene is a type of food antioxidant that is predominantly found in plants, and is beneficial for the eyes. Lycopene, another type of food antioxidant, is beneficial for prostate health. Flavonoid food antioxidants are beneficial for heart health, and proanthocyanidin food antioxidants are beneficial for urinary tract health. Food antioxidants help protect the skin from high levels of UV rays and photooxidative damage to the skin. Food antioxidants help enhance the immune system, and protect the cell membranes from cellular damage and mutations that can cause cancer.

The food antioxidants market is pegged to have high potential for growth, owing to the various benefits of food antioxidants. Consumers in regions such as North America and Latin America are consuming food antioxidants predominantly. If the same practice is adopted by other regions, the food antioxidants market is likely to witness phenomenal growth over the forecast period.

The research report presents a comprehensive assessment of the food antioxidants market, and contains thoughtful facts, historical data, insights, and statistically supported and industry-validated market data. The report also contains projections using a suitable set of methodologies and assumptions. The research report of food antioxidants provides analysis and information according to market segments such as geography, end use, product form, nature, and source.

Some of the market participants operating in the global food antioxidants market identified across the value chain include Archer-Daniels-Midland Company (US), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Kemin Industries, Inc. (US), DuPont (US), Eastman Chemical Company (US), Frutarom Ltd (Israel), Barentz Group (Netherlands), Camlin Fine Sciences (India), Kalsec Inc. (US).

By geography, global food antioxidant market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa regions. The market is mainly dominated by Asia Pacific region in 2019 due to increasing health awareness and rising demand for anti-aging products. Asia-Pacific is followed by North America and Europe, these two markets show inclination towards usage of natural antioxidant due to proactive health awareness for the nutritional and cosmetic product obtained from natural resources. In Europe market, major growth for an antioxidant is contributed by UK, Germany, and Italy. Increasing income and population in the usage of the product shows potential growth in future of food antioxidant market.