Meals antioxidant market price $2.2 billion by 2028, at a CAGR of 6.2%

Food antioxidant market worth $2.2 billion by 2028, at a CAGR of 6.2%


Posted Might 8, 2023

The Asia-Pacific area dominates the meals antioxidant market. The area has a big inhabitants, which has led to a rise in demand for processed meals and drinks. This in flip fueled the demand for dietary antioxidants.

In keeping with a analysis report “Meals Antioxidants Market by Supply (Fruits & Greens, Oils, Spices & Herbs, Botanical Extracts, Gallic Acid & Petroleum), Utility (Fat & Oils, Ready Meat & Poultry, Bakery & Confectionery), Sort, Form & Area – International Forecast for 2028″ Revealed by MarketsandMarkets, the Meals Antioxidants Market is estimated at USD 1.6 Billion in 2023 and is projected to achieve USD 2.2 Billion by 2028, at a CAGR of 6.2% from 2023 to 2028. A number of elements are answerable for the anticipated enhance in demand for dietary antioxidants. A few of these are the rising consciousness of customers concerning the well being advantages of antioxidants. Antioxidants are identified to assist scale back the chance of continual ailments resembling coronary heart illness, most cancers and Alzheimer’s illness. As customers turn into extra well being aware, they’re more likely to hunt down meals that include excessive ranges of antioxidants. And one other main issue is that the rise of practical meals can also be anticipated to contribute to the elevated demand for antioxidants in meals. Practical meals are people who present well being advantages past fundamental vitamin. As customers seek for meals that may enhance their well being, the demand for meals fortified with antioxidants is more likely to enhance. Such elements doubtlessly enhance the demand for dietary antioxidants.

Food Antioxidants Market

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The dry format within the by kind phase accounted for the biggest share of the meals antioxidants market in 2023 by way of worth.

The dry type of antioxidants is usually much less susceptible to spoilage or extra steady than the liquid kind. This facilitates their storage and transport and ensures that they maintain their high quality over time. These dry types of antioxidants have longer time durations with out shedding their effectiveness or traits. This makes it a extra sensible possibility for meals producers who want to provide huge quantities of product and retailer it for lengthy durations of time. These elements are generally thought of by meals processing industries when buying uncooked supplies. Contemplating these details, the demand for elements in dry kind represented the biggest phase of the dietary antioxidant market.

The vegatables and fruits from pure sources phase accounted for the biggest share of the dietary antioxidants market in 2023 by way of worth.

Naturally derived antioxidants from vegatables and fruits are gaining recognition within the meals business for a number of causes. One issue is the well being advantages of naturally occurring antioxidants in vegatables and fruits. Vegetables and fruit are identified to be wealthy sources of antioxidants resembling vitamin C, vitamin E, and beta-carotene. These antioxidants have been proven to have many well being advantages, resembling lowering irritation, enhancing cardiovascular well being, and defending towards most cancers. Customers are more and more involved in wholesome meals choices and lots of are searching for merchandise containing pure plant-based elements. Consequently, meals producers are responding to this demand by incorporating extra vegatables and fruits, and their related antioxidants, into their merchandise.

One other fashionable rising pattern within the meals business is the clear label pattern. Naturally derived antioxidants match effectively with this pattern, as they’re thought of to be extra pure and fewer processed than artificial antioxidants. The point out on the labels of fruit & vegetable extracts is a further advertising and marketing acquire for the meals business. Thus, these elements are doubtlessly driving the market phase within the meals antioxidant market.

The sub-segment of ready meat and poultry for utility phase is estimated to witness the very best progress within the meals antioxidant market.

In keeping with knowledge revealed by the Group for Financial Co-operation and Improvement, world poultry consumption in 2022 was 133,696 thousand tons and is anticipated to achieve 144,874 thousand tons by 2029. This is because of a rise within the inhabitants and progress of financial growth. As nations develop economically, their populations are likely to eat extra meat and poultry. It’s because individuals have extra disposable earnings to spend on meals and meat is usually seen as a standing image or an indication of wealth. These developments and progress will enhance the quantity of meat and poultry consumed per capita. The meat and poultry business makes use of antioxidants to stop fats oxidation in meat merchandise, which may result in spoilage and rancidity. Thus, it’s estimated that the demand for antioxidants is more likely to develop larger within the dietary antioxidant market.

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Asia-Pacific accounted for the biggest share and quickest rising market, by way of worth, of the worldwide meals antioxidants market in 2023.

The Asia-Pacific area dominates the meals antioxidant market. The area has a big inhabitants, which has led to a rise in demand for processed meals and drinks. This in flip fueled the demand for dietary antioxidants. Second, the meals processing business within the Asia-Pacific area is various and contains varied subsectors resembling meat and poultry processing, dairy processing, bakery and confectionery, and fruit and processed greens. Moreover, the Asia-Pacific area is dwelling to many giant meals processing corporations, together with Nestle, Danone, Fonterra, and Tyson Meals, amongst others. The area additionally has a number of native corporations which are leaders of their respective markets. Thus, the catering of all these meals industries on this area generated excessive demand for meals antioxidants and accounted for the biggest share and quickest rising market.

Prime Key Gamers Working in Meals Antioxidants Market Archer Daniels Midland (US), BASF SE (Germany), Worldwide Flavors & Fragrances Inc. (US), Eastman Chemical Firm (US) and DSM (Netherlands) Down).

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