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Food Antioxidants Market size to surpass $5 Bn by 2032
- Published Date: March 17, 2023
Food Antioxidants Market size is predicted to cross USD 5 billion by 2032, according to a new research report by Global Market Insights Inc.
Growing demand for bakery & confectionary items across Asia Pacific countries could facilitate industry growth. According to estimates, the snacks sector in China reached over $118.3 billion in 2021. Antioxidants used in bakery & confectionery products can control rancidity and off-flavoring. Compared to natural antioxidants, synthetic antioxidants are more used in bakery products such as biscuits, cakes, and pastries. These antioxidants increase the shelf life of the products, making them durable and non-toxic in nature.
Steady consumer shift toward natural food antioxidants
The natural food antioxidants market is poised to exceed USD 2.6 billion by 2032. Natural food antioxidants are mainly utilized to prepare functional foods, food additives, and pharmaceuticals. Due to the side effects risks posed by synthetic additives, many consumers are now shifting towards natural food additives. Witnessing this trend, companies are diverting their resources towards the development of products containing natural food antioxidants. For instance, in March 2022, A&B Ingredients announced the launch of its new antioxidant based on natural plant extracts of Mediterranean herbs and spices for replacing the synthetic antioxidant TBHQ in vegetable oil.
Browse key industry insights spread across 285 pages with 324 market data tables and 49 figures & charts from the report, “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, 2023 - 2032” in detail along with the table of contents:
pularity of natural food antioxidants in bakery & confectionery
Food antioxidants industry from bakery & confectionary application will exhibit a 5.4% CAGR between 2023 and 2032. Food antioxidants help reduces the lipid oxidation process during the storage of whole-grain bread. It is also used to stabilize and improve the flavor of baked goods. Natural food antioxidants are estimated to gain popularity as it is found to be effective in enhancing the shelf life of bakery products. The rising utilization of propyl gallate and butylated hydroxytoluene food antioxidants in bakery products are slated to fuel the market demand.
Robust sales of food supplements across North America
North America food antioxidants market is set to surpass USD 1.4 billion by 2032. Increasing consumer consciousness towards diet intake and emerging focus on the consumption of adequate food supplements to evade health-related problems should drive market expansion. An increase in the sales of nutraceutical products containing antioxidants is anticipated to favor regional market growth.
Presence of key companies in the global market
The key food antioxidants market players include Eastman Chemical Company, Vitablend Nederland B.V., Yasho Industries Ltd., Archer Daniels Midland Company, BASF SE, Kemin Industries, Global Specialty Ingredients, Camlin fine sciences, Kalsec Inc, Sinofi Ingredients, DuPont de Nemours, Inc., Koninklijke DSM N.V., Frutarom Industries Ltd, Givaudan SA, Lonza & Riken Vitamin.