Global Food Antioxidants Market Insights Forecasts to 2032

• The Global Food Antioxidants Market Size was valued at USD 1.83 Billion in 2022.
• The Market is Growing at a CAGR of 5.9% from 2022 to 2032
• The Worldwide Food Antioxidants Market Size is expected to reach USD 3.24 Billion by 2032
• North America is expected to Grow the fastest during the forecast period

 

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The Global Food Antioxidants Market Size is expected to reach USD 3.24 Billion by 2032, at a CAGR of 5.9% during the forecast period 2022 to 2032.

 

Food antioxidants, often known as natural or synthetic food preservatives, are supplements that help to preserve food from "farm to plate" by preventing oxidative damage during storage and processing. Antioxidants aid in preserving the quality of nutrients, texture, color, taste, freshness, functioning, scent, and attraction to consumers, such as the elderly, because of their high stability and low volatility, respectively. Antioxidants are essential for a healthy body in general. They are natural substances found in various meals that assist our bodies in neutralizing free radicals. Free radicals are chemicals that occur naturally in the human body but destroy the lipids, proteins, and DNA in our cells, causing various diseases and hastening the aging process. It is also used in a variety of pharmaceutical and cosmetic products. The world's rising population, as well as an increased need for packaged foods, are all expected to contribute to the market's expansion over the forecast period. Furthermore, higher purchasing power combined with longer food shelf-life has driven an increase in global demand for food antioxidants. Moreover, rising consumer awareness of healthy options is a major driver fuelling the food antioxidant market growth over the predicted period.

 

Driving Factors

Food antioxidants and preservatives have become vital components in the food and beverages sector, due to their ability to prolong the shelf life of food items by preventing rancidity from oxidization. They undertake vital functions in preventing different deteriorative instances that degrade the nutritional quality of food during transportation and storage. These antioxidants are derived both naturally and synthetically. The increasing consumer consciousness of nutritional value, as well as the need for packaged foods with a longer shelf life, have spurred the worldwide food antioxidants market to rise.

 

The market for processed and convenient meals has surged as an outcome of increased urbanization, rising disposable income, and changing lifestyles. As a result, the demand for food antioxidants has increased, guaranteeing that these processed meals remain fresh for an extended amount of time. The substantial boost in processed food consumption around the world is expected to be the primary driver of increased demand for food antioxidants over the forecast period. Additionally, the increased consumption of packaged products such as snacks, meat, and beverages among developing countries' rising middle-class population represents a lucrative possibility for market expansion. The present-day demographic has grown more health-conscious and knowledgeable than generations prior. With the ease with which information is readily available, people are striving for goods that are not solely enjoyable but also nourishing. As a result, natural antioxidants are increasingly preferred over synthetic antioxidants.

 

Restraining Factors

However, the market value of antioxidants, both natural and synthetic, can be highly unpredictable, making precise estimation of costs difficult for manufacturers. It has the potential to disrupt supply chains and slow market growth. Furthermore, raw materials for natural antioxidants may be scarce, resulting in price rises and supply shortages. It has the potential to have an impact on the expansion of the food antioxidant market, particularly for natural alternatives.

 

Market Segmentation

By Type Insights

The synthetic segment is dominating the market with the largest revenue share over the forecast period.

On the basis of type, the global food antioxidants market is segmented into the synthetic and natural. Among these, the synthetic segment is dominating the market with the largest revenue share of 53.6% over the forecast period. This upward trend can be attributed to the increased use of butylated hydroxyanisole, butylated hydroxytoluene, tert-butylhydroquinone, and propyl gallate in the manufacturing process of a variety of food-related goods. A synthetic antioxidant is a chemical mixture that is created by a standard industrial method. As a result, the governments of many nations have placed severe limitations on its use as an addition. Synthetic antioxidants are commonly used to extend the shelf life of food goods and improve their texture, color, and scent.

 

By Form Insights

The dry segment is witnessing highest CAGR growth over the forecast period.

On the basis of form, the global food antioxidants market is segmented into dry and liquid. Among these, the dry segment is witnessing highest CAGR growth over the forecast period. The majority of food antioxidants are in powder, tablet, flakes, or granular form. The large percentage is due to the growing use of powder-based antioxidants in food products. Technical grade powders are widely used in a variety of culinary products. The powder mitigates the effects of free radicals and can considerably diminish the harm they cause. Consumers prefer dry antioxidants because they are easier to travel, store, and use. The growing packaged food business is likely to increase the global demand for dry antioxidants over the forecast period.

 

By Source Insights

The petroleum segment is expected to hold the largest share of the Global Food Antioxidants Market during the forecast period.

Based on the source, the global food antioxidants market is classified into fruits & vegetables, spices & herbs, botanical extracts, oils, gallic acid, petroleum, and others. Among these, the petroleum segment is expected to hold the largest share of the food antioxidants market during the forecast period. Food antioxidants derived from petroleum contain statins and vitamin E, which aid in the prevention of cholesterol levels, coronary heart disease, and free radical damage to food. In the food service industry, synthetic food antioxidants such as BHA, BHT, and TBHQ are consistently utilized to avoid spoiling and extend the shelf life of processed goods. These antioxidants are generated from petroleum and are used in modest amounts in food products. Numerous processed food products, including cooking oils and margarine, include TBHQ as a preservative. BHA and BHT are frequently used together and can be found in a variety of products such as baked goods, snack foods, and cereal.

 

By Application Insights

The meat products segment accounted for the largest revenue share of more than 37.2% over the forecast period.

On the basis of application, the global food antioxidants market is segmented into fats & oils, snacks dairy, seafood, meat products, beverages, bakery confectionery, pet food, nutraceuticals, and others. Among these, the meat products segment is dominating the market with the largest revenue share of 37.2% over the forecast period. The increase is being driven by increased global consumption of meat and related food products. Meat products are considered high in protein, which humans require for a well-balanced diet. Human bodies receive an adequate amount of protein from meat eating. Red meat, such as hog, lamb, and beef, is often included in the meat portion. Food antioxidants protect meat against germs and fungus and extend the shelf life of meat products. Growing meat and poultry consumption for health reasons is expected to drive demand for food antioxidants throughout the forecast period.

 

Regional Insights

Asia Pacific dominates the market with the largest market share over the forecast period.

 

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Asia Pacific is dominating the market with more than 38.7% market share over the forecast period. This is due to the growing population in nations such as China, India, and Japan. In addition, the country's expanding population is a primary driver of the food market in China. India is Asia's second largest population country, which contributes to rising food consumption. Furthermore, there is a growing demand from developed-country food producers to relocate their manufacturing operations to developing nations, where labor costs are low and establishment and production expenses are cheap.

 

North America, on the contrary, is expected to grow the fastest during the forecast period. This is due to consumer habits in countries such as the United States and Canada. In North America, the majority of individuals are working professionals who rely significantly on prepared food. Food antioxidants keep food fresh for an extended period and prevent free radical production in the human body. This aspect is predicted to drive demand for food antioxidants in North America over the forecast period.

 

The Europe market is expected to register a substantial CAGR growth rate during the forecast period, due to the increased understanding of the health advantages of antioxidants. High growth in the economy and rising disposable earnings in Europe have boosted processed food consumption throughout the area. The growing reliance on ready-to-eat foods is expected to drive up demand for the food antioxidants market in Europe in the coming years.

 

List of Key Market Players

• BASF SE
• DSM
• BTSA
• Nexira
• AOM
• Frutarom Ltd
• Barentz Group
• 3A Antioixidants
• DuPont
• Kemin Industries, Inc.
• Vitablend Nederland B.V.
• Divi’s Laboratories
• Crystal Quinone Pvt. Ltd
• VDH Chem Tech
• Camlin Fine Sciences Ltd
• Eastman Chemical Company
• International Flavors & Fragrances Inc.

 

Key Market Developments

• On April 2023, Scientists genetically engineer algae to produce orange-red pigments that make seafood healthier and are widely applicable in textiles and medicine in a joint research effort between King Abdullah University of Science and Technology (KAUST) and the Arizona Center for Algae Technology & Innovation (AzCATI) at Arizona State University (ASU). Canthaxanthin and astaxanthin are carotenoids, which are a class of yellow-orange-red natural pigments responsible for the color of tomatoes and carrots, as well as the pink of salmon and flamingos.

 

• On March 2023, A&B introduced a new product to replace the synthetic antioxidant TBHQ in vegetable oil. The new antioxidant, CytoGUARD ZOX, is based on natural plant extracts of Mediterranean herbs and spices. The latest addition to the company's CytoGUARD series of food quality and shelf-life extension technologies is CytoGUARD ZOX. According to a recent study, the substance proved highly effective at delaying oxidation in soybean oil while performing similarly to TBHQ.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Food Antioxidants Market based on the below-mentioned segments:

 

Food Antioxidants Market, Type Analysis

• Synthetic
• Natural

 

Food Antioxidants Market, Form Analysis

• Dry
• Liquid

 

Food Antioxidants Market, Source Analysis

• Fruits & Vegetables
• Spices & Herbs
• Botanical Extracts
• Oils
• Gallic Acid
• Petroleum
• Others

 

Food Antioxidants Market, Application Analysis

• Fats & Oils
• Snacks Dairy
• Seafood
• Meat Products
• Beverages
• Bakery Confectionery
• Pet Food
• Nutraceuticals
• Others

 

Food Antioxidants Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa