Antioxidants are very important for human health. They are naturally occurring compounds present in some specific food items. They act on free radicals present in our body and neutralize them, which may otherwise can cause disease or increase the aging process by acting on proteins, fats, and DNA present inside the cells.
Food Antioxidants Market – Drivers and Constraints
Few growth drivers for the food antioxidants market are – rising demand for processed food, long shelf life of processed foods, improved standard of living and enhanced purchasing power, health concern and knowledge about antioxidants benefits, increasing demand for antioxidants based food etc.
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On contrary, high product cost, lack of knowledge regarding antioxidants usage, and strict regulations will continue to hinder growth for the food antioxidants market.
Market Segmentation of the Food Antioxidants Market
The food antioxidants market can be segmented on the basis of origin, source, product, application, form and geography.
On the basis of the origin, the food antioxidants market can be segmented as below:-
- Natural
- Synthetic
On the basis of the source, the food antioxidants market can be segmented as below:-
- Oils
- Fruits and vegetables
- Nuts and seeds
- Spices and herbs
- Flowers and leaves
On the basis of the product, the food antioxidants market can be segmented as below:-
- Vitamin C
- Vitamin E
- Beta Carotene
- Glutathione
- Polyphenols
- Others
On the basis of the application, the food antioxidants market can be segmented as below:-
- Confectionary
- Diary and frozen products
- Canned food
- Meat and poultry products
- Beverages
On the basis of the form, the food antioxidants market can be segmented as below:-
- Liquid
- Dry
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Food Antioxidants Market – Market Scenario
Whether it is a developing nation or developed nation, organic food antioxidants are more popular than their synthetic counterpart. Main reason behind this is high reliability of organic antioxidants and their low level of toxicity. Antioxidants obtained from Rosemary plant is gaining popularity in the market and thus in a way driving growth for the food antioxidants market.
At present market players see natural/organic antioxidants as the only way to stay in the food antioxidants market. Few global players are also able to customize the product as per consumers’ requirement.
Mergers, acquisitions and new product launches are the strategies being adopted by key players in order to grow.
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Food Antioxidants Market Based on Regions
Based on geography, the food antioxidants market can be divided into five important markets. They are:-
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East and Africa
North America and Europe is likely to witness a high demand for food antioxidants mainly due to two factors: – high level of awareness among the population regarding the heath issue and favourable regulations.
Better standard of living and disposable income, growing demand for processed food and a fast growing food and beverages industry in countries like India, China, Australia, Japan and New Zealand will make APAC the fastest growing market. These countries are likely to contribute the maximum towards revenue for the food antioxidants market in the forecasted period.
Food Antioxidants Market – Key Players
Few major players are listed below:-
- Koninklijke DSM N.V. (Netherlands)
- BASF SE (Germany)
- Eastman Chemical Company (U.S.)
- Archer Daniels Midland Company (U.S.)
- Kemin Industries, Inc. (U.S.)
- I. Du Pont De Nemours and Company (U.S.)
- Frutarom, Ltd (Israel)
- Barentz Group (Netherlands)
- PureCircle (Malaysia)
- Sunup (U.S)
- Kalsec, Inc. (U.S)
- Camlin Fine Sciences, Ltd. (India)
Food Antioxidants Market – Key Developments
- June, 2017 – Launch of viable stevia antioxidant product for food and beverages industry by PureCircle.
- May, 2017 – Launch of RTD organic coffee which is made of unroasted beans and contains natural antioxidants.
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