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Food Antioxidants Market Analysis

  • Report ID: GMI3195
  • Published Date: Mar 2023
  • Report Format: PDF

Food Antioxidants Market Analysis

The synthetic food antioxidants market size is predicted to exceed USD 2.55 billion by 2032. These food antioxidants are used for their ability to prevent free radical formation during oxidation. They also help overcome the challenges of natural antioxidants including inherent instability. However, a steady shift towards green-label products and the growing popularity of natural antioxidants could have an impact on the demand for synthetic food antioxidants across countries like the U.S. and the UK.

Food Antioxidant Market Revenue Share, By Application, (2023)

The food antioxidants market share from the meat products segment is estimated to register at 5.8% CAGR through 2032, due to rapid shift of consumers towards a high-protein diet. An increase in consumer spending and an emerging trend of new cuisines among the population should accelerate the demand for meat products. According to estimates, global meat consumption is likely to reach 570 million tons by 2050. 

Asia Pacific Food Antioxidant Market Size, 2021- 2032 (USD Million)

Asia Pacific food antioxidants market size will surpass USD 1.7 billion by 2032, attributed to increasing per capita income across countries including India and China has fueled the expansion of the food & beverages sector. Supportive government initiatives to boost farming activities and improve food quality standards should have a positive influence on the regional market outlook.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food antioxidants crossed USD 3.2 billion in 2023 and is poised to witness over 5.5% CAGR from 2024 to 2032.

The meat products segment is estimated to grow at 5.8% CAGR between 2023 and 2032, due to the rapid consumer shift towards a high-protein diet.

The market size for food antioxidants in Asia Pacific is anticipated to reach over USD 1.7 billion by 2032, driven by factors like increasing per capita income across India and China and expansion in the food & beverages sector.

The market involves the presence of some of the leading companies such as Eastman Chemical Company, BASF SE, Yasho Industries Ltd., Givaudan SA, Vitablend Nederland B.V., Frutarom Industries Ltd, Archer Daniels Midland Company.

Food Antioxidants Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 373
  • Countries covered: 20
  • Pages: 285
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