Natural antioxidants are present in medicinal plants and foods. The antioxidants from plants are known as polyphenols. Natural antioxidants are sourced synthetically or from natural means and prevent the damage caused by reactive oxygen. The global natural antioxidants market report by Market Research Future (MRFR) highlights the benefits of these compounds as well several factors and challenges to be faced by key market leaders for the period of 2019 to 2027 (forecast period).
The global natural antioxidants market is expected to reach USD 1.54 billion by 2027. It can exhibit a CAGR of 5.70% during the forecast period.
Natural antioxidants have been in use in traditional medicine for a number of years. However, merging with modern medicine has given the old traditions a new makeover, making natural antioxidant products attractive to urban and younger consumers, who have emerged as a major consumer group for the natural antioxidants market. The shift of replacing synthetic products to natural products is going to create a niche for the global natural antioxidants market to flourish.
Increasing areas of applications is expected to drive the global natural antioxidants market. Awareness among consumers regarding antioxidants and the healthier lifestyles pursued by consumers can induce a healthy market demand. Heavy demand for natural foods, cosmetics, and other home care products can bode well for the natural antioxidants market growth. Need for vitamin supplements, low cost of ingredients, and expansion of the healthcare sector are other major drivers of the global natural antioxidants market.
The large potential in food additives, functional foods, and pharmaceuticals can widen the scope of the global market. Large demand for dairy and meat products due to its dietary benefits can influence the market.
BASF SE, Koninklijke DSM N.V., Chr. Hansen Holding A/S, Kalsec Inc., Frutarom Industries Ltd., Adisseo, DowDuPont, Archer Daniels Midland Company, Prinova Group LLC., and Ajinomoto Co. Inc. are prominent players of the global natural antioxidants market.
The global market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and Rest-of-the-World (RoW).
North America is estimated to dominate the global natural antioxidants market due to consumers in the U.S. Massive demand for natural and organic products as well as its endorsements on shopping channels on late night cable helped facilitate interest among customers. Europe, on the other hand, is expected to trigger massive market demand due to the presence of various cosmetics and food manufacturers.
APAC is anticipated to display the fastest growth rate during the forecast period due to high awareness levels and the growth of the food & beverage sector. This is evident by the adoption of natural antioxidants in animal feed to increase its nutrition level. Natural antioxidants can promote cattle growth and lower the probability of diseases. Current demand for fortified foods and presence of various agro-based economies can influence the market growth.
The global natural antioxidants industry has been segmented based on type, form, application, and region.
On the basis of type, the global market has been classified as vitamin E, vitamin C, carotenoids, rosemary extract, and others. Vitamin C and vitamin E segments can command the majority of the global natural antioxidants market due to a deficiency of vitamin C and E levels in foods.
Based on the form, the global market has been classified as dry and liquid.
Based on application, the global market has been classified as food & beverages, personal care, animal feed, and others. The food & beverages segment has been further divided into bakery & confectionery, dairy & frozen desserts, beverages, sweet and savory snacks, others.
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