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

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).

Consumer demand for anti-aging treatments is on the rise, which has progressively led to a growth in the use of these compounds in many cosmetic items. These goods shield human cells from inflammation and ageing harm. They are added to a variety of personal care products, including creams, conditioners, shampoos, body lotions, and others, to stop them from spoiling and from going rancid when exposed to oxygen. Vitamin A, vitamin C, butylated hydroxy anisole (BHA), and other antioxidant substances are frequently used in cosmetics. The natural cosmetics market in Europe was valued at USD 4.16 billion, according to the Ministry of Foreign Affairs, and it is expanding at an average rate of 7% each year. The market is expanding as a result of rising consumer demand in Asia and the Middle East for cosmetics that are fortified with nutrients and minerals. In addition to this, it is a crucial component of many pharmacological and cosmetic goods. Also contributing to the market's growth throughout the forecast period (2021-2028) will be the world's growing population, the increasing demand for processed foods, and the pharma industry's explosive rise.