Synthetic antioxidants are chemically synthesized petroleum-based antioxidants, majorly used to retard lipid oxidation. It is used to preserve and stabilize redefined oils and fats within food systems and products, which also helps maintain optimal quality of products. Four major types of synthetic antioxidant are used in the food industry namely, BHA (butylated hydroxyanisole), BHT (butylated hydroxytoluene), PG (propyl gallate), and TBHQ (tert-butylhydroxyquinone). These antioxidants offers protection for food during storage and help extend shelf life.

Market Dynamics

Major factors driving growth of the market include low production cost, easy availability of these products. Synthetic food antioxidants have anti-carcinogenic and anti-mutagenic properties, and are thus approved by the Food and Drug Administration (FDA) and European Union Directives and Regulation for application in prevention of diseases such as cancer, coronary heart disease, and diabetes. This in turn, is increasing the demand for synthetic food antioxidants in the food and beverages and pharmaceutical industries, thus boosting market growth.

Major challenges for growth of the market include increasing demand for natural food antioxidants and clean labels. Natural antioxidants are widely used in the bakery sector, which is most dominant sector in the food industry, thus posing as a major restraint for growth of the synthetic food antioxidant market. Moreover, increasing consumer inclination towards environmentally friendly and chemical-free food is hampering growth of the synthetic food antioxidant market size.

Synthetic food antioxidants are widely used in the fat and oil industry and is expected to witness growth over the forecast period. Its application is found in the processing of oil seeds into oils and fats, by refining impurities from vegetable oils. A range of synthetic antioxidants restore or even improve the oil’s natural protection against oxidative degradation thus, increasing its shelf life. These antioxidants can easily be applied to food due to its excellent solubility in fats and oils also synthetic food antioxidants are heat stable and help extend shelf life of baked food products.

Market Outlook

Asia Pacific is projected to hold the largest market share in the global synthetic food antioxidant market during the forecast period due to rising around 49% of the total food industry.

North America is expected to hold the second-largest market share due to increasing consumer awareness about the benefits such as anti-carcinogenic and anti-mutagenic properties of synthetic food antioxidant helps in prevention of cancer, coronary artery disease and diabetes. For instance, National Institute of Cancer, in 2018, around 1,735,350 new cases of cancer are expected to be diagnosed in the U.S., of which 609,640 people are projected to die from the disease. The demand for synthetic food antioxidants is thus expected to increase, as it holds properties that help prevent cancer. These antioxidants have low fat and oil content thus, products made using these antioxidants are gaining significant popularity among health conscious patients. Furthermore, synthetic antioxidants are completely safe when used in appropriate and recommended concentration of synthetic food antioxidants. For instance, The Ministry of Health and Family Welfare is responsible for the safe food for the consumers thus they have Prevention of Food Adulteration Act, 1995 which provide legal concentration of the synthetic antioxidant legal permissible limit for Butylated hydroxyanisole (BHA) is 0.02 % in bakery products.

Key Players

Key players in the synthetic food antioxidant market are adopting inorganic strategies to strengthen their footprint in the global synthetic food antioxidant market. For instance, in April 2018, Barentz, a leading international ingredient distributor, established a joint venture with Brazilian Tovani Benzaquen Ingredients, a major ingredient distributor in South America. The Barentz is strong in food and pharmaceutical industry with this joint venture company wants to developed market in North America. The partnership is expected to generate valuable synergies in the following years in South America. Moreover, Camlin Fine Sciences entered into a share purchase agreement for the acquisition of 51% stake in Ningbo Wanglong Flavors and Fragrances Company Limited in July 2017.

Some of the major players operating in the synthetic food antioxidant market are Frutarom, Barentz Group, Camlin Fine Sciences Ltd, Kemin Industries, Inc., and Kalsec Inc.

Key Developments

Key players are operating in synthetic food antioxidant market are adopting various strategies such as mergers & acquisition and product developments in order to maintain their competitive position in the industry.

For instance, in November 2012, Vitablend, a part of global ingredients distributor Barentz Group, opened new state-of-the-art production plant for specialized infant and clinical food in Singapore. The facility provides functional blends, antioxidants, and nutritional premixes for clinical and infant industry.

In June 2017, Kemin Industries Food Technologies, a leading company engaged into providing food safety solutions for food & beverage industry, showcased their latest antioxidant at the 2017 Institute of Food Technologists Expo (IFT17), in order to help manufacturers to keep food & beverage products fresh and safe for longer time.

In July 2017, Camlin Fine Sciences (CFS), a leading integrated manufacturer of traditional antioxidants announced the acquisition of 51% stake in Ningbo Wanglong Flavors and Fragrances Company Limited, a leading vanillin manufacturer through patented process. This acquisition will help company to expand its global presence.

Market Taxonomy

On the basis of form, the synthetic food antioxidant market is segmented into:

  • Dry
  • Liquid

On the basis of product type, the synthetic food antioxidant market is segmented into:

  • BHA (butylated hydroxyanisole)
  • BHT (butylated hydroxytoluene
  • PG (propyl gallate)
  • TBHQ (tert-butylhydroxyquinone)

On the basis of application, the synthetic food antioxidant market is segmented into:

  • Fats and Oil
  • Bakery Products
  • Animal Feed
  • Confectionery Food
  • Cosmetics Products
  • Others

On the basis of Region, the synthetic food antioxidant market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
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Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

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Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
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Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

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