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.
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).
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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.
Global Antioxidants Market, By Product Type:
Butylated Hydroxyanisole (BHA)
Butylated Hydroxytoluene (BHT)
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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.
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