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Antioxidants Market Size, Regional Outlook, Growth Potential, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI1973

Antioxidants Market size is expected to witness significant growth over 2021-2027, driven by the escalating product usage in varied end-use industries including food and beverages. Likewise, the rising adoption of different types of antioxidants to safeguard skin from cellular damage and minimize age spots will further augment industry outlook over the projected timeframe.
 

Antioxidants refer to substances that neutralize unstable molecules known as free radicals in the body, developed when atoms gain or lose electrons. Well-known antioxidants include enzymes and substances like beta carotene and vitamins C and E, which can counteract the damaging effects of oxidation. A diet rich in antioxidants can reduce the risks of diseases, including cancer and heart disease, as well as stabilize free radicals from body cells and reduce oxidative damage.
 

Rising number of livestock with a high deficiency in antioxidants is one of the prominent factors contributing to antioxidants market expansion over 2021-2027. According to a survey undertaken by Molecare Farm Vets and DSM across 10 farms in South West England, 90% of the fresh cows were deficient in beta carotene and vitamin E, thus amplifying product demand. Increasing adoption of industrial antioxidants in bread and other bakery products to reduce microbial spoilage and increase shelf life will also boost the industry demand in the coming years.
 

Based on product, antioxidants market share from the natural segment is set to depict a substantial growth rate through 2027. This is attributable to the rising awareness about health implications, such as allergic reactions, posed by the extended consumption of synthetic products. Growth from the segment will further be bolstered by the rising adoption of healthy lifestyles and strong demand for cleaner-label products with natural ingredients from consumers.
 

Europe antioxidants market will account for a considerable share by 2027. This is driven by the robust demand for natural food additives and the favorable opportunities for product exports in the region. Furthermore, the significant recovery of the Italian dairy industry from the coronavirus crisis will escalate the utilization of antioxidants supplements for dairy cow nutrition over the forthcoming years.
 

The competitive landscape of the antioxidants industry consists of companies such as Vitablend Nederland B.V., Naturex (Givaudan), Nutreco N.V. (SHV Holdings), Koninklijke DSM N.V., DuPont De Nemours, Inc., Camlin Fine Sciences Ltd., Eastman Chemical Company, Kalsec Inc., Barentz Group, Archer-Daniels-Midland Company, Kemin Industries, Frutarom Ltd. (International Flavors & Fragrances) and BASF SE, among others. Innovative product launches and mergers and acquisitions are among the key initiatives being undertaken by these firms to boost their business portfolio in the global market.
 

For instance, in April 2021, Kemin Industries unveiled Paradigmox® Green, a natural antioxidant solution, designed for the organic livestock production industry in the EMENA region, to ensure optimal animal health.
 

In March 2021, Kalsec introduced DuraShield Antimicrobial Food Protection Blends, consisting a combination of natural antioxidants and antimicrobials, in the U.S. The solution was developed to improve food safety and shelf-life for meat, poultry, and other applications.
 

Food Supply Chain Disruptions During COVID-19 May Impact Antioxidants Market Trends:

The unprecedented disruptions caused by the coronavirus pandemic have been observed across several industrial sectors, including food and beverages, which is facing a food supply chain and service sector crisis. Moreover, the movement restrictions and closure of restaurants, cafes, and offices have considerably impacted the dairy demand, which could pose an indirect impact on the antioxidants industry forecast.
 

However, the rising intake of nutraceuticals like Vitamin C and D during the pandemic, given their immune-boosting, antiviral, and antioxidant effects, may aid industry recovery in the coming years. Grouping some of the phytonutrients in the form of food supplements may help boost the immune system and preclude disease progression. They also can suppress the hyper inflammation and provide therapeutic and prophylactic support against COVID-19, thus propelling the adoption of antioxidants solutions.
 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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