Market Overview
The Natural Antioxidants Market will obtain a value of USD 1.54 Billion and a CAGR of 5.7% in the forecast period between 2020-2027.
The Natural Antioxidants Market Size is expanding primarily due to the expanding applications of these substances. The demand for natural ingredients in food and beverages is driven by rising health consciousness among consumers and their propensity toward a healthier diet. This has prompted food producers to include natural antioxidants in their goods. Additionally, the desire for natural cosmetics is growing, driving the use of natural antioxidants in the cosmetics business.
The side dish industry is expected to grow significantly over the years, given the high level of disposable income. The market for natural antioxidants benefits from the progressive rise in the number of working women. Due to the high cost of raw materials, natural dietary antioxidants such as mixed tocopherols and vitamin C are more expensive than synthetic antioxidants like BHT, BHA, and TBHQ generated from petroleum products. However, the safety of antioxidants in synthetic foods is a significant problem, and most nations have laws governing their use. Extensive research has been done on the natural sources of antioxidants in foods due to uncertainty regarding the safety of synthetic antioxidants. Natural antioxidants enable food producers to make stable products from all-natural components with clear labeling.
Regional analysis
The markets for natural antioxidants in North America, Europe, Asia-Pacific, and the rest of the globe are divided into different countries. Due to the food and pharmaceutical sectors' growth, the Asia-Pacific Natural Antioxidants Market region controls a sizable portion of the market. The main element boosting demand for natural antioxidants in the region is rising health awareness. Contrarily, Central and South America are anticipated to expand slowly due to their weaker economic situations and consumer habits, which will help the Natural Antioxidants Market grow in those regions.
Market segmentation
The Natural Antioxidants Market is divided into different segments
The market is divided into Vitamin E, Vitamin C, Carotenoids, Rosemary Extract, and Others, depending on the kind. Antioxidants are chemicals that guard the body against reactive oxygen species harm. Whether they are synthetic or natural, these antioxidants
The market is segmented into Dry and Liquid based on Form. Natural dietary antioxidants like mixed tocopherols and vitamin C have higher raw material costs than synthetic antioxidants like BHA, BHT, and TBHQ, made from petroleum products. The market for natural antioxidants is expected to go up.
Recent developments
One of the top North American distributors of specialty chemicals and life science materials, Maroon Group, was acquired by Barentz in October 2020. With this acquisition, the business could further solidify its position in North America and establish itself as a global leader in the life science and larger specialty chemical sectors.
Nagase bought Prinova in October 2019 to broaden its product line and add premium nutrition ingredients. In addition to broadening Nagase's product line, this would also grow its consumer base.
In July 2018, Kemin Industries expanded its line of antioxidant products by adding a new antioxidant. In place of conventional tocopherols, Fortium RVC, a mix of rosemary and ascorbic acid, can be used in bakery and snack applications.
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