Food Antioxidants Market Overview

The food antioxidants market size will be valued at USD 2,260.10 million in 2022. It is expected to reach a value of USD 1.8 billion by 2030, growing at a CAGR of 6.0% during the forecast period.

The COVID-19 pandemic impact on feed consumption has directed affected the consumption of meat and livestock products and by-products, such as milk and eggs. It is mainly due to feeding supply shortages due to the shutdown of many facilities and completed lockdown in the majority of the critical countries.

Factors such as increasing demand for poultry, changing consumer preferences due to fast-paced lifestyles, and an increased need for natural antioxidants in food products are driving the food antioxidants market during the forecast period.

Moreover, there is an increased scepticism among consumers towards consuming poultry products due to the scare of the virus (COVID-19) getting transmitted to humans through consumption. It has reduced the demand for animal feed in the global market.

Key Players are

Some major food antioxidants key market players are as follows:

Barentz Group (Netherlands), VDH Chem Tech Pvt Ltd (India), followed by others like Camlin Fine Sciences (India), Kalsec Inc. (US), and BTSA (Spain).

Market Segmentation

Growth in the prepared foods industry and other food antioxidants market trends suggest that prepared foods are processed foods that are treated to ensure a longer shelf life, reduce rancidity, and be easy to use. The prepared food industry is expected to witness substantial growth in the coming years due to high disposable income and a gradual increase in the number of working women, thereby positively impacting the food antioxidants market outlook. The global market segmentation is as follows:

By Type:

            Natural

            Vitamin E

            Vitamin C

            Carotenoids

            Rosemary extracts

            Green tea extracts

            Synthetic

            TBHQ

            BHA

            BHT

            PG

By Form

            Dry

            Liquid

By Application

            Fats & oils

            Prepared foods

            Prepared meat & poultry

            Seafood

            Bakery & confectionery

            Plant-based alternatives (meat & dairy)

            Nutraceuticals

            Other applications (kinds of margarine, dressings, infant milk formula, mayonnaise, tea, and coffee) 

By Source

            Fruits & vegetables

            Oils

            Spices & herbs

            Botanical extracts

            Gallic acid

            Petroleum-derived 

Regional Analysis

The Asia Pacific food antioxidants market is greatly influenced by consumer preference for healthy eating. the growing trend toward natural and organic foods, and the growing need for convenience food products. With emerging economies, growing industrialization, and other prominent factors like the increasing demand for processed foods, and consumer preference for quality products, ingredient suppliers are becoming increasingly optimistic about the growth of the food and beverage industry. These trends and preferences have created a need for new additives in foods, despite the increasing awareness of synthetic food additives' health hazards.

Industry News

            In July 2018, one of the prominent market companies - Kemin Industries, added a new antioxidant to its portfolio of antioxidant solutions. Fortium RVC is a market product that combines rosemary and ascorbic acid blend. It can be used an alternative to traditional tocopherols in bakery and snack applications.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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