Food Antioxidants Market - Global Industry Analysis by Size, Share and Forecast 2020 – 2027


Posted April 8, 2021 by Vaibhavwamrfr2021

MarketResearchFuture Presents “Food Antioxidants Market Research Report –Global Forecast to 2027” New Document to its Studies Database

 
Market Overview

Increasing demand of ready to eat food has a positive impact on the food antioxidants market. 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

Archer Daniels Midland (the U.S.)

BASF SE (Germany

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 and exports the product to various other countries, which include the U.S., Germany and others.

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Downstream Analysis

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 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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Issued By MRFR
Business Address Office No. 528/524, Amanora Chambers, Magarpatta Road, Hadapsar Pune, Maharashtra 411028
Country India
Categories Business , Food , Nutrition
Tags Food Antioxidants Market , Food Antioxidants Market Size
Last Updated April 8, 2021