Market Overview:
Synthetic antioxidants are widely used as preservatives in personal care and food and beverage products. They help in preventing oxidation of oils, fats and other ingredients which maintains the quality and shelf life of products. Some key applications of synthetic antioxidants are in skin care creams, hair oils, processed meat, baked goods, fats and oils.

Market Dynamics:
The synthetic antioxidants market is driven by increasing demand from personal care and food and beverage industry. Growing working population and changing lifestyles have boosted the demand for processed and packaged food products which require preservatives like synthetic antioxidants. Furthermore, rising health consciousness among consumers have propelled the demand for natural antioxidants in skin care and hair care products. Additionally, synthetic antioxidants also help improve the stability and quality of edible oils and fats which is fuelling their use in food industry. However, stringent regulations regarding use of synthetic ingredients and growing consumer preference for natural products are some of the factors expected to hamper the market growth over the forecast period.

SWOT Analysis

Strength: Synthetic antioxidants have higher stability, non-perishable nature and longer shelf life compared to natural antioxidants. They are widely available and cost-effective. Synthetic antioxidants provide consistent quality and performance.

Weakness: Synthetic antioxidants raise environmental and health concerns due to involvement of petrochemical reagents in their production. They may possess carcinogenic properties with prolonged use.

Opportunity: Rising demand for functional food products with added health benefits is spurring the use of synthetic antioxidants in various food applications. Growing packaged food industry globally will augment the market growth over the coming years.

The global Synthetic Antioxidants Market is estimated to be valued at US$ 1.6 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Threats: Stringent regulations regarding use of certain petrochemical-derived synthetic antioxidants may hamper the market growth. Also, shifting consumer preference towards natural food ingredients poses threat to synthetic antioxidants market.

Key Takeaways

The global Synthetic Antioxidants Market Share is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to increasing demand for functional and fortified food products with added health attributes.

Regional analysis: Asia Pacific dominates the global synthetic antioxidants market and is projected to grow at the fastest rate during the forecast period. Countries like China, India, Japan and South Korea are the major consumers of synthetic antioxidants, driven by expansion of food processing industry.

Key players analysis: Key players operating in the synthetic antioxidants market are BASF S.E., Kemin Industries, Cargill Inc., Naturex S.A., Dow Chemicals, Clariant, Songwon, Lubrizol, Akrochem, Eastman, Baker Hughes, Addivant, Evonik, Double Bond Chemical, Akzonobel, Chemtura, Kalsek Inc., Barentz International BV, DuPont, Yasho Industries Ltd., Krishna Antioxidants Pvt. Ltd., Frutarom, and Camlin Fine Sciences Ltd.

For more insights, read- https://dailynewsmotion.weebly.com/report-blog/synthetic-antioxidants-market-is-estimated-to-witness-high-growth-owing-to-increasing-application-in-personal-care-and-food-and-beverage-industry