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Food Antioxidants Market Size

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

Food Antioxidants Market Size

Food Antioxidants Market size valued at USD 3.2 billion in 2023 and is anticipated to observe over 5.5% CAGR from 2024 to 2032.

 

Expansive growth in the processed food industry may fuel the market demand. Food antioxidants are utilized to protect foods that contain natural and synthetic oxidants from oxidation. Some of the common natural food antioxidants include Vitamin C, Vitamin E, Polyphenols, and rosemary extracts. These antioxidants have wide-ranging usage in the formulation of processed foods items and bakery and confectionery.

 

Growing demand for beverage products will have a positive influence on the food antioxidants industry outlook. Ready-to-consume drinks are in high demand across countries such as India and China. These drinks contain natural antioxidants such as Vitamin C and Vitamin E.

 

The introduction of stringent regulations regarding the usage of synthetic antioxidants may impede the food antioxidant market growth. Artificial food antioxidants can help extend the shelf-life of food items; however, they are not precisely safe. These food additives have to undergo stringent toxicological testing procedures in a bid to ensure that the overall food is not contaminated. Rising cases of food contamination have urged many countries to implement national food policies, which could hamper the market revenue.

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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