Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Antioxidants are an essential ingredient that increases the shelf-life of the food &beverage products by preventing oxidation. They are also referred to as shelf-life extenders and are used as food additives. They are also used in the cosmetic industry for the manufacturing of anti-aging skincare products as they protect cell membranes and stop the oxidation process.

The global antioxidants market is projected to reach around US$ 4,556.4 million by the end of 2027, in terms of revenue, growing at CAGR of 5.6% during the forecast period (2020-2027).

Drivers:

Growth in global meat consumption and production is expected to augment the market growth of the antioxidants. Antioxidants are used across the animal feed industry to support cattle growth and reduce the chances of disease. According to the Food and Agriculture Organization of the United Nations, overall world meat production increased by 1.25% to 323 Mt in 2017, with moderate increases in the production of bovine and poultry meats and more modest gains in pig and sheep meat.

Rising demand for antioxidants from the cosmetic industry for manufacturing various skincare especially anti-aging creams is expected to fuel the market growth of anti-oxidants. Moreover, growing demand for men's skincare products is also expected to foster the market growth of the anti-oxidants. In the cosmetic industry natural antioxidants such as vitamin E, vitamin C, and polyphenols are widely used due to their post skin application benefits.

Figure 1. Global Antioxidants Market Share (%) in terms of Value, By Region, in 2019

Antioxidants  | Coherent Market Insights

Asia Pacific region dominated the global antioxidants market in 2019, accounting for 32.4% share in terms of value, followed by North America and Europe, respectively.

Market Restraints

Side-effects associated with the synthetic antioxidants and wide availability of these antioxidants such as BHA, propyl gallates, BHT, and EDTA are projected to hamper the market growth.

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Antioxidants Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 2,947.9 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.6% 2027 Value Projection: US$ 4,556.4   Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Product Type: Natural Antioxidants and Synthetic Antioxidants
Companies covered:

Aland (Jiangsu) Nutraceutical Co., Ltd., Archer-Daniels-Midland Company, BASF S.E, Cargill, Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc., Koninklijke DSM N.V, Naturex S.A., and Nutreco N.V.

Growth Drivers:
  • Growth in global meat consumption and production
  • Rising demand for antioxidants from the cosmetic industry for manufacturing various skincare products
Restraints & Challenges:
  • Lack of awareness regarding the health benefits of anti-oxidants

Market Opportunities

Increasing demand for antioxidants from bakery &confectionary food products due to rising consumption of bakery products is projected to offer numerous opportunities to the market of antioxidants. According to The University of British Columbia, bread sales accounted for the largest portion of baked goods sales each year. In 2017, bread sales accounted for $3.5 billion (USD) or almost 63% of total sales that years.

Growing health issues associated with the lack of antioxidants coupled with the rising awareness regarding the benefits of antioxidants are expected to serve profitable opportunities to the market. A growing number of antioxidants suppliers as well as manufacturers along with the easy availability of raw materials in the market is further anticipated to propel the market growth of the antioxidants over the forecast timeframe. 

Figure 2. Global Antioxidants Market– Opportunity Analysis

Antioxidants  | Coherent Market Insights

Market Trends

Tocopherols antioxidants are gaining popularity across the food &beverage industry as they prevent the oxidation process effectively. The growing use of monosodium glutamate as flavor enhancers in the processed food products such as sausages, soups, and sauces is further expected to accelerate the market growth of antioxidants.

Global Antioxidants Market - Impact of Coronavirus (Covid-19) Pandemic

Food being an essential commodity, the demand for food additives such as antioxidants is expected to rise during the pandemic and post pandemic conditions, worldwide. Coronavirus (Covid-19) has majorly impacted the food & beverages industry and in turn has changed the dynamics of entire ecosystem including raw material suppliers supplying food additives. Lockdown in various nations such as India, China and Spain, among others and cease in the subsequent trade activities has paralyzed the supply chain. Lockdown in various countries is expected to impact supply chain system of antioxidants which will hamper growth of antioxidants market for short period.

Competitive Section:

Company Names 

  1. Aland (Jiangsu) Nutraceutical Co., Ltd.
  2. Archer-Daniels-Midland Company
  3. BASF S.E
  4. Cargill, Incorporated
  5. DuPont
  6. Kalsec, Inc.
  7. Kemin Industries, Inc.
  8. Koninklijke DSM N.V
  9. Naturex S.A.
  10. Nutreco N.V.

Few Recent Developments

DuPont

In June 2018, DuPont Nutrition and Health has created a new antioxidant ingredient for use in cereal and granola products. DuPont’s new Guardian Toco 30P antioxidant is made from naturally-sourced tocopherols and is available in a powder form.

Antioxidants are food additive that exhibit excellent functionality of extending shelf-life of the food products. They can be synthetic antioxidants and natural antioxidants. Moreover, antioxidants contain various nutrients that are essential for the human body such as Vitamin A, E, and C. They are widely used across cosmetics products such as anti-aging creams, hair care products, etc.

Market Dynamics

Increasing adoption of organic farming is a major trend in the market. Organic farming is gaining traction among farmers due to rising awareness regarding organic and natural food ingredients. According to the Organic Without Boundaries, a total of 69.8 million hectares of land were organically farmed in 2017. This figure is a twenty percent growth from 2016 numbers. Increased organic farming around the globe is expected to foster the market growth of antioxidants.

An increase in the production of antioxidants to serve growing global demand is a major trend in the market and this trend is expected to fuel the market growth of antioxidants. The growing demand for rosemary extracts as it has more antioxidants content compared to other extracts is projected to augment the market growth of antioxidants. Moreover, the manufacturers are also investing heavily to develop antioxidants medicines.

Lack of awareness regarding the health benefits of anti-oxidants is expected to limit the adoption of antioxidants. This factor is projected to hinder the market growth over the forecast timeframe.

Key features of the study:

  • This report provides in-depth analysis of the global antioxidants market and provides market size (US$ Million and ‘000 Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on antioxidants market.
  • It profiles key players in the global antioxidants market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Aland (Jiangsu) Nutraceutical Co., Ltd., Archer-Daniels-Midland Company, BASF S.E, Cargill, Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc., Koninklijke DSM N.V, Naturex S.A., and Nutreco N.V.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global antioxidants market report caters to various stakeholders in this industry including investors, suppliers, antioxidants manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the antioxidants market

Detailed Segmentation:

  • Global Antioxidants Market, By Product Type:
    • Natural Antioxidants
      • Rosemary Extracts
      • Vitamin A
      • Vitamin C
      • Vitamin E
    • Synthetic Antioxidants
      • Butylated Hydroxyanisole (BHA)
      • Butylated Hydroxytoluene (BHT)
      • Others
  • Global Antioxidants Market, By Region:
    • North America
      • U.S.
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Canada
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
    • Europe
      • U.K.
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Germany
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • France
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Italy
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Spain
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Russia
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Rest of Europe
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
    • Asia Pacific
      • China
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • India
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Japan
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • ASEAN
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Australia
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • South Korea
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Rest of Asia Pacific
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
    • Latin America
      • Brazil
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Mexico
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Rest of Latin America
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
    • Middle East
      • GCC
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Israel
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Rest of Middle East
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
    • Africa
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • Central Africa
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
      • South Africa
        • By Product Type:
          • Natural Antioxidants
            • Rosemary Extracts
            • Vitamin A
            • Vitamin C
            • Vitamin E
          • Synthetic Antioxidants
            • Butylated Hydroxyanisole (BHA)
            • Butylated Hydroxytoluene (BHT)
            • Others
  • Company Profiles
    • Aland (Jiangsu) Nutraceutical Co., Ltd. *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Archer-Daniels-Midland Company
    • BASF S.E
    • Cargill, Incorporated
    • DuPont
    • Kalsec, Inc.
    • Kemin Industries, Inc.
    • Koninklijke DSM N.V
    • Naturex S.A.
    • Nutreco N.V.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Antioxidants Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Antioxidants Market, By Product Type, 2017 - 2027 (US$ Million and ‘000 Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Natural Antioxidants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and ‘000 Tons)
      • Sub-segment Trends
        • Rosemary Extracts
        • Vitamin A
        • Vitamin C
        • Vitamin E
    • Synthetic Antioxidants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million and ‘000 Tons)
      • Sub-segment Trends
        • Butylated Hydroxyanisole (BHA)
        • Butylated Hydroxytoluene (BHT)
        • Others
  6. Global Antioxidants Market, By Region, 2017- 2027 (US$ Million and ‘000 Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
    • Middle East
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
    • Africa
      • Market Share Analysis, By Sub-region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-region, 2020 – 2027 (%)
        • North Africa
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • Central Africa
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
        • South Africa
          • Sub-region Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million and ‘000 Tons)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Aland (Jiangsu) Nutraceutical Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Archer-Daniels-Midland Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BASF S.E
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Cargill, Incorporated
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • DuPont
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kalsec, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kemin Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Koninklijke DSM N.V
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Naturex S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nutreco N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for antioxidants is estimated to surpass US$ 4,556.4 million by 2027, exhibiting a CAGR of 5.6% between 2020 and 2027.
Growth in global meat consumption and production is expected to augment the market growth of the antioxidants. Antioxidants are used across the animal feed industry to support cattle growth and reduce the chances of disease. According to the Food and Agriculture Organization of the United Nations, overall world meat production increased by 1.25% to 323 Mt in 2017, with moderate increases in the production of bovine and poultry meats and more modest gains in pig and sheep meat.
The antioxidants market is expected to exhibit a CAGR of 5.6% during the forecast period (2020-2027).
Major players operating in the global antioxidants market include Aland (Jiangsu) Nutraceutical Co., Ltd., Archer-Daniels-Midland Company, BASF S.E, Cargill, Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc., Koninklijke DSM N.V, Naturex S.A., and Nutreco N.V.
Lack of awareness regarding the health benefits of anti-oxidants is expected to limit the adoption of antioxidants. This factor is projected to hinder the antioxidants market growth over the forecast timeframe.
An increase in the production of antioxidants to serve growing global demand is a major trend in the market and this trend is expected to fuel the market growth of antioxidants. The growing demand for rosemary extracts as it has more antioxidants content compared to other extracts is projected to augment the market growth of antioxidants. Moreover, the manufacturers are also investing heavily to develop antioxidants medicines.
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