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Food Antioxidants Market Size By Product (Natural [Vitamin E, Vitamin C, Polyphenols], Synthetic [BHA, TBHQ, BHT, Propyl Gallate]), By Application (Fats & Oils, Processed Foods, Bakery & Confectionary, Meat Products, Beverages), & Forecast, 2024 - 2032

  • 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.
 

Food Antioxidants Market

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.
 

Food Antioxidants Market Analysis

Food Antioxidant Market Size, By Product, 2021 - 2032 (USD Billion)

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.

 

Food Antioxidants Market Share

Prominent participants operating across the food antioxidants market include Eastman Chemical Company, BASF SE, Vitablend Nederland B.V., Frutarom Industries Ltd, Archer Daniels Midland Company, Yasho Industries Ltd., Givaudan SA, Global Specialty Ingredients, Kemin Industries, Sinofi Ingredients, Kalsec Inc, DuPont de Nemours, Inc., Camlin fine sciences, Koninklijke DSM N.V., Lonza, and Riken Vitamin.
 

New product development and innovations by these firms would facilitate market growth over the forecast period. For instance, in March 2023, Kemin Industries developed VALTEQ™, its line of quality improvers for instant noodle makers. One of its newly developed products includes VALTEQ™ AO which is an all-in-one solution of natural antioxidants and emulsifiers that enhances instant noodles' quality and extends its shelf life.
 

This food antioxidants market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Product

  • Natural
    • Vitamin E
    • Vitamin C
    • Polyphenols
    • Others 
  • Synthetic
    • Butylated Hydroxyanisole (BHA)
    • Tert-Butylhydroquinone (TBHQ)
    • Butylated Hydroxytoluene (BHT)
    • Propyl gallate

Market, By Application

  • Fats & oils
  • Processed foods
  • Bakery & confectionary
  • Meat products
  • Beverages
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico 
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
    • Poland
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Thailand
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • UAE
    • Saudi Arabia

 

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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