Antioxidants Market Size, Share, Growth Analysis, By Type(Synthetic and Natural), By Form(Dry and Liquid), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Antioxidants Market?

Global Antioxidants Market size was valued at USD 4.41 Billion in 2022 and is poised to grow from USD 4.66 Billion in 2023 to USD 7.21 Billion by 2031, at a CAGR of 5.62% during the forecast period (2024-2031).

Q: What is the key driver of Global Antioxidants Market?

The global population is aging, leading to a higher prevalence of age-related diseases and conditions. Antioxidants are believed to have anti-aging properties and are often recommended to combat oxidative stress and cellular damage associated with aging. This demographic trend is driving the demand for antioxidants in the pharmaceutical and nutraceutical sectors.

Report ID: SQMIG15A2245 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 59 | Figures: 75

Antioxidants Market News

In April 2023, BASF SE announced the launch of a new line of antioxidants for food and beverage applications. The new products are designed to help food and beverage manufacturers extend the shelf life of their products and improve their nutritional value.

In March 2023, Eastman Chemical Company announced the expansion of its antioxidant production capacity in China. The expansion is expected to meet the growing demand for antioxidants in the Chinese market.

In February 2023, DuPont Nutrition & Biosciences announced the launch of a new line of natural antioxidants for food and beverage applications. The new products are made from plant-based ingredients and are designed to meet the growing demand for natural antioxidants in the food and beverage industry.

Antioxidants Market Report Snapshots

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Antioxidants Market size was valued at USD 4.41 Billion in 2022 and is poised to grow from USD 4.66 Billion in 2023 to USD 7.21 Billion by 2031, at a CAGR of 5.62% during the forecast period (2024-2031).

The market's leading players are committed to developing new products while also making quick investments and merging and acquiring companies. The market's major companies are becoming more innovative, which is fostering a competitive atmosphere for new entrants. 'BASF SE (Germany)', 'Archer Daniels Midland Company (United States)', 'DuPont de Nemours, Inc. (United States)', 'Eastman Chemical Company (United States)', 'Koninklijke DSM N.V. (Netherlands)', 'Kemin Industries, Inc. (United States)', 'Camlin Fine Sciences Ltd. (India)', 'Kalsec, Inc. (United States)', 'Naturex S.A. (France)', 'Vitablend Nederland B.V. (Netherlands)', 'Barentz Group (Netherlands)', 'Aland (Jiangsu) Nutraceutical Co., Ltd. (China)', 'Tianjin Zhongrui Pharmaceutical Co., Ltd. (China)', 'Xi'an Healthful Biotechnology Co., Ltd. (China)', 'Adisseo (France)', 'BTSA Biotecnologías Aplicadas S.L. (Spain)', 'Cayman Chemical Company (United States)', 'Danisco A/S (Denmark)', 'Nature's Bounty Co. (United States)', 'Koninklijke FrieslandCampina N.V. (Netherlands)'

The population is aging, leading to a higher prevalence of age-related diseases and conditions. Antioxidants are believed to have anti-aging properties and are often recommended to combat oxidative stress and cellular damage associated with aging. This demographic trend is driving the demand for antioxidants in the pharmaceutical and nutraceutical sectors.

There is a growing preference among consumers for natural and clean label products, including antioxidants. Natural antioxidants derived from plant extracts, such as rosemary, green tea, and grape seed, are witnessing increased demand. This trend is driven by the perception that natural antioxidants are safer and healthier alternatives to synthetic counterparts.

With a revenue share of more than 34% in 2022, Asia Pacific dominated the market. The high percentage can be attributed to the expanding populations of nations like China, India, and Japan. China produced the most food, with an output worth USD 1.56 trillion, according to the Food and Agriculture Organization (FAO). The growth of the Chinese food market is primarily due to the country's rising population. India is the second most populous nation in Asia, which significantly adds to the rise in food consumption. The region-wide health problem has raised awareness of the need to eat healthy meals. Over the anticipated years, an increase in demand for food antioxidants is anticipated due to a growing population and rising food consumption.

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Antioxidants Market Size, Share, Growth Analysis, By Type(Synthetic and Natural), By Form(Dry and Liquid), By Region - Industry Forecast 2024-2031

Antioxidants Market News

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