Antioxidants is chemical which neutralize the free radical thus inhibiting the oxidation of the other molecule, further delaying or preventing the damage to the cells. It can be artificial or natural antioxidant such as vitamin A, vitamin C, Vitamin E, BHT, BHA etc
The report titled “Global Antioxidants Market - Growth, Share, Opportunities and Competitive Analysis, 2021–2029” offers strategic insights into the overall Antioxidants market along with the market size and estimates for the duration 2021 to 2029. The said research study covers in-depth analysis of multiple market segments based on type of product, type of application, and different geographical region. The Product type segment studied for analyzing the overall Antioxidants market is majorly segmented into Natural and Synthetic Antioxidants. On the type of Application, the Antioxidants market is segmented into Pharmaceutical, Food and Beverage, Feed additive, Cosmetic and others.
In order to help strategic decision makers, the report also includes competitive profiling of the leading players in Antioxidants market, attractive investment proposition market positioning of key manufacturers sections. Other in-depth analysis provided in the report includes:
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global Antioxidants market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global Antioxidants market. This report concludes with company profiles section that highlights major information about the key players engaged in global Antioxidants market. In-depth competitive environment analysis and historical years (2018 & 2019) market size data are also provided in the report.
Thus, the research study provides a holistic view of the global Antioxidants market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above-mentioned factors.
Based on the type of product, the Global Antioxidant Market is segmented as follows:
The global antioxidant market is categorized into Synthetic and Natural antioxidant. Although synthetic antioxidant is most commonly used due to cost, but we observe change in pattern of consumption, demand drifting towards the usage of natural oxidant, in the forecasts period. Still global antioxidant market would be dominated by the synthetic antioxidant. Synthetic antioxidant like BHT, BHA and THBQ are the main driver of the developing economies, while developed countries are adopting natural antioxidant. Natural antioxidant shows potential growth due to its application in varied industries right from food & beverages, pharmaceutical, animal feed to cosmetic industry. With conscious effort towards healthy lifestyle and usage of naturally occurring product spur the demand of the natural antioxidant. There is a surge in demand of the processed food and beverages, driving the natural antioxidant market to enhance the shelf life of the food. Cosmetic industry shows paradigm drift in usage of natural antioxidant like Vitamin C, vitamin E, Vitamin A, polyphenols etc., instead of chemicals. Other stimulus for the growth of natural antioxidant is its use in manufacturing animal feed, especially Vitamin E for the growth of the cattle. Supplements of Vitamin E and Vitamin C is also one of the market driver, since it easily available and cost effective.
Based on the type of Application, the Global Antioxidant Market is segmented as follows:
The Pharmaceutical and Food industry occupies the large market share among the application segment. Antioxidants are used to conserve food and pharmaceutical products. Synthetic antioxidant such as BHA, BHT, TBHQ etc., are extensively used nowadays, but shows health issues in long term. Therefore, there is being gradual shift towards the use of the natural antioxidants to avert the health problems in future. Thus, food and beverage shows potential growth due to usage of natural antioxidants in preservation of food and beverages, to inhibit the oxidation of the food and enhance the shelf life of the products. The growth of antioxidant market is hampered by the side effects caused by antioxidants such as high dose of supplements causing health problems; for example high doses vitamin E rises the risk of prostate cancer and stroke, beta carotene may cause lung cancer in smokers, besides health risk, supplements may end up reacting with other medicine. Cosmetic industry is next followed up industry using antioxidant on rampant to avoid ageing and demand for natural products for skin care instead of chemicals. The demand for antioxidant shows surge in animal feed to enhance the growth of the cattle and decline the rate of diseases, which will further boost the antioxidant market. For example vitamin E is used in poultry and pig farming as animal feed and even vitamin C is extensively used for growth. Overall the demand for the antioxidant market has increased due to awareness among the consumers for the products containing antioxidants, especially natural antioxidants due to health benefits and low risk of health problems.
The global antioxidant market is bifurcated into five regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The global antioxidant market is dominated by the Asia-Pacific region occupying the major market.
The growth in Asia-Pacific is attributed to increasing health awareness and rising demand for anti-aging products and dietary supplements. Huge population and growing health awareness in developing nations such as India and China is influencing the growth of the antioxidants market in the region. Currently, natural antioxidants are expensive compared to synthetic antioxidants, and people are expected to shift their consumption from synthetic to natural antioxidants in the coming years. Asia-Pacific is followed by North America and Europe, this two market shows inclination towards usage of natural antioxidant due to proactive health awareness for nutritional and cosmetic product obtained from natural resources. In Europe market major growth for antioxidant is contributed by UK, Germany and Italy. Thus in developing economies due to rise in disposable income and population along with trend in usage of product containing antioxidant shows potential growth in future.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Antioxidant market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
