According to Reports and Data's latest report, the global market size for food antioxidants was valued at USD 1.37 billion in 2021, and is expected to experience a compound annual growth rate (CAGR) of 6.1% during the forecast period
The food antioxidants market is being propelled by several factors, including the increasing demand for processed foods due to changing lifestyles and the growing awareness of protein-rich diets. Antioxidants are essential dietary supplements that can help prevent various diseases such as heart disease, cancer, cataracts, and memory loss. As a result, they are present in a wide range of processed foods such as breakfast cereals, energy drinks, sports bars, and other processed foods, which is contributing to the market's revenue growth. The use of antioxidants in the food industry is also widespread, as they help to extend the shelf life of foods. Bakery goods, snacks, and other packaged foods can benefit from the natural antioxidants found in various foods and medicinal plants, which are becoming increasingly popular in the market.
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Top Companies Operating in the Global Food Antioxidants Market Report:
ADM, DuPont, Cargill, Incorporated, DSM, Camlin Fine Sciences Ltd, Kemin Industries, Inc., Kalsec Inc., BTSA, VDH Chem Tech Pvt. Ltd., and Foodchem International Corporation.
Some Key Highlights from the Report
- The Asia Pacific food antioxidants market accounted for the highest revenue share in 2021, owing to rising demand from food manufacturers in developed countries to shift production facilities and operations to developing economies due to low establishment and production costs, the availability of low-cost labour, and rising demand for natural and synthetic food antioxidants for manufacturing various food products. High consumption and manufacturing of processed food, as well as increased knowledge about healthy food products, are driving market revenue growth in the area to some extent.
- The Asia Pacific food antioxidants market accounted for the highest revenue share in 2021, owing to rising demand from food manufacturers in developed countries to shift production facilities and operations to developing economies due to low establishment and production costs, the availability of low-cost labour, and rising demand for natural and synthetic food antioxidants for manufacturing various food products. High consumption and manufacturing of processed food, as well as increased knowledge about healthy food products, are driving market revenue growth in the area to some extent.
- Caldic announced a strategic relationship on May 27, 2021, in which Caldic Ingredients DACH would become Cargill's sole partner for the food business in Switzerland. Cargill's starches, sweeteners, and texturizers, as well as cocoa and chocolate, are included in the product range. Caldic's product offering for customers in the bread, beverage, confectionery, dairy, nutrition, and savoury food sectors will be expanded as a result of the collaboration.
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The global Food Antioxidants market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Source Outlook (Revenue, USD Billion; 2019-2030)
- Fruits Vegetables
- Gallic Acid
- Petroleum
- Spices Herbs
- Oils
- Nuts Seed
Type Outlook (Revenue, USD Billion; 2019-2030)
- Natural Antioxidants
- Synthetic Antioxidants
Application Outlook (Revenue, USD Billion; 2019-2030)
- Fats Oils
- Snacks Dairy
- Seafood
- Meat Products
- Beverages
- Bakery Confectionery
Form Outlook (Revenue, USD Billion; 2019-2030)
- Dry
- Liquid
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