Market Overview:

Antioxidants are an essential ingredient that increases the shelf-life of 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 a CAGR of 5.6% during the forecast period (2020-2027).



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Market Drivers:

Growth in global meat consumption and production is expected to augment the market growth of 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, the growing demand for men's skincare products is also expected to foster the market growth of 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.



Market Opportunities:

Increasing demand for antioxidants from bakeries &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 year.

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.



Major players operating in the 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.



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