Global Food Antioxidants Market Size Overview, Growth Opportunities and Forecast to 2027
Increasing demand of ready to eat
food has a positive impact on the Food Antioxidants Market Size. The market for
convenience food has gained acceptance in the growing work population. Food
antioxidants are used in different food products to increase the overall shelf
life and stop the oxidation process. Additionally, the increased consumption of
convenience food has uplifted the market of food antioxidants. Use of synthetic
food antioxidants is projected to dominate in meat and poultry products
followed by other perishable products. However, increased population of
health-conscious consumers has opened the doors for use of natural and plant
derived antioxidants to grow during the forecast period 2017-2023.
Competitive
Analysis
The major key players in the Food
Antioxidants Market Size
Archer Daniels Midland (the U.S.)
BASF SE (Germany)
I. du Pont de Nemours and Company
(the U.S.)
Cargill Inc.(the U.S.)
Eastman Chemical Company (the U.S.)
Frutarom Ltd. (Israel)
Kemin Industries, Inc (the U.S.)
New packaging techniques including gases instead of synthetic antioxidants which allows overall increase in shelf life of food products and shift towards plant based natural antioxidants have boosted the market demand for natural food antioxidants. This will bring a dramatic change in the consumption pattern among the consumers. In Asia Pacific, China dominates Food Antioxidants Market Size and exports the product to various other countries, which include the U.S., Germany and others.
On the basis of type, synthetic antioxidants dominates the market because
of its low cost and increased use in the convenience food industry. However,
focus on natural antioxidants is projected to rise during the given forecast
period. Furthermore, based on the sources, oils & petroleum dominates the
market due to its reasonable cost and wide range applicability. However, focus
on petroleum based sources is projected to rise during the given forecast
period. On the basis of application, meat & poultry dominates the market
because of shorter shelf life of these products and this market is not
expecting much growth during the given forecast period.
Regional
Analysis
The
Global Food
Antioxidants Market Size is segmented into North America, Europe, Asia
Pacific, and rest of the world (RoW). Asia Pacific holds the major share of the
global market followed by North America. Increase in healthy lifestyle and
regulatory laws are driving the growth of this region. China, India, Thailand,
and Australia are the major importers of food antioxidants.
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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