Market Study on Antioxidants: Demand for Synthetic Antioxidants to Remain High Over Coming Years
Antioxidants Market Segmented By Natural and Synthetic Antioxidants Type in Dry and Liquid Antioxidant Form
Antioxidants Market Outlook (2021-2031)
The global antioxidants market is currently valued at US$ 969.5 Mn, and is anticipated to expand at a value CAGR of 6.6% and cross a valuation of US$ 1.83 Bn by 2031.
Antioxidants Market Size (2021E)
US$ 969.5 Mn
Projected Sales of Antioxidants (2031F)
US$ 1.83 Bn
Value CAGR (2021-2031)
Value Share of Top 5 Countries (2020A)
As per the antioxidants industry analysis conducted by Persistence Market Research, Europe currently dominates the global market for antioxidants with over 33% value share. Antioxidant sales account for around 5% to 7% share of the global food additives market.
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- A&B ingredients, Inc.
- Archer Daniels Midland Company
- Koninklijke DSM N.V.
- Cargill, Incorporated
- BASF SE
- Biosynth Carbosynth
- VDH Chem Tech Pvt Ltd (India)
- Kemin Industries, Inc
- Mane KANCOR
- 3A Antioxidants (US)
- Kalsec Inc.
- Camlin Fine Science Ltd.
- Apex Flavors, INC.
- Green Spring
- Others (Available on Request)
Antioxidant Demand Analysis (2016-2020) Vs Market Estimations (2021-2031)
During the historical period of 2016-2020, the global market for antioxidants expanded at a value CAGR of 4.6%. High antioxidant usage in meat, poultry, and seafood is the main factor driving market expansion. This is due to the ever-evolving need for stable shelf life solutions for these end products.
The health benefits of antioxidants is another major force driving market growth. Antioxidants can slow down or prevent damage to cells that are caused due to free radicals and other unstable molecules. Antioxidants can neutralize free radicals in the body, thereby boosting overall health.
According to the detailed study conducted by Persistence Market Research, the global antioxidants industry is expected to surge at a CAGR of 6.6% during 2021 to 2031.
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Will Increasing Meat Consumption Drive Overall Demand for Antioxidants?
Rising population is boosting meat consumption worldwide. Increase in the number of meat consumers has resulted in considerable expansion of the meat processing industry, but this comes with several challenges. The biggest challenge is maintaining the shelf life or seasonality of meat, which is a direct indicator of the quality of meat to consumers.
Due to oxidation during processing and storage, the quality of meat deteriorates. It also results in a reduction of the nutritional content and flavor, and can lead to serious illnesses. Addition of antioxidants during the processing of meat and meat products prevents lipid oxidation & retardation of flavors, and also aids in improving color quality. All these factors ensure that the meat looks appealing to consumers, which, in turn, maintains the supply and demand for meat processors.
- According to data provided by FAO (Food & Agriculture Organisation), global cattle, chicken, goat, and pig meat production in 2019 was estimated to be more than 360 Mn tons.
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How is Increasing Consumption of Edible Oils Augmenting Sales of Antioxidants?
Food antioxidants are compounds that prevent automatic oxidation in edible oils by giving their hydrogen to the free radicals developed in the initiation and propagation stages of the oxidation. Use of antioxidant supplements in edible oils is solely for the preservation of the oils.
Synthetic antioxidants such as BHA (Butylated Hydroxyanisole) and BHT (Butylated Hydroxytoluene) are used in lesser frequencies due to their side effects and synthetic nature.
However, use of synthetic antioxidants in low concentrations is not prohibited in food. On the other hand, use of natural antioxidants such as tocopherols in edible oils is increasing, but at a slow rate, because consumption of synthetic antioxidants is still considerable in developed countries.
- According to the Department of Food & Public Distribution, Government of India, during 2020-2021, 36.56 Mn tons of oilseeds were produced, out of which, 11.309 Mn tons of oil were produced for domestic consumption.
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Why are Food Antioxidant Suppliers Eyeing Developing Nations?
“Natural Antioxidant Demand to Rise Sharply in Asia Pacific”
Developing nations, especially in the Asia Pacific region, are currently dominating synthetic antioxidant consumption due to several macro and microeconomic factors. This dominance is not going to last forever as the demand for natural and organic products will surge as living standards and life quality increase across these developing nations.
With time and increasing awareness, consumers will surely look for alternatives and switch from synthetic to natural antioxidant variants. This will reflect optimistic growth in demand for the utilization of natural antioxidants in various food processing sectors such as bakery, meat products, confectionery, edible oils, etc.
The more end consumers become aware of the benefits of consuming natural antioxidants, the more food processors and manufacturers will turn to utilizing them in their end products. Therefore, it can be concluded that Asia Pacific is bound to bring lucrative growth opportunities for natural antioxidant suppliers.
What’s Restraining Market Growth to Some Extent?
“Adverse Health Effects Caused by Consumption of Synthetic Antioxidant Supplements”
Although the use of synthetic antioxidants in food applications has been more than that of natural antioxidant supplements due to several operational benefits such as enhanced stability and performance, cost-effectiveness, and wide availability, the side effects caused by regular consumption of synthetic antioxidants are slowly but steadily coming to light.
Several regulations regarding the permissible concentration of synthetic antioxidants in food have come up in the recent past. Many research studies indicate a relationship between the long-term consumption of synthetic antioxidants and diseases such as skin allergies, gastrointestinal tract problems, and in some cases, higher risk of cancer.
All these factors are responsible for the increasing reluctance among mainstream consumers who are now switching to natural antioxidant products. Synthetic antioxidants, consumed widely in developing markets such as Asia pacific, could face reduced demand during the forecast period.
Which Country Leads the East Asia Antioxidants Market?
“China Antioxidants Market Leads East Asia”
China is known to be a major consumer of super antioxidants in East Asia because of the dominating food processing industry that this country has. Majority utilization of antioxidants in the country is seen in meat, poultry, and seafood, followed by fats & oils and convenience foods. Together, these end-use industries account for around 80% antioxidant sales in China.
Which Countries in Europe are Depicting Maximum Growth Potential for Super Antioxidants?
“Europe Antioxidant Market Driven by Poland & Italy”
In the European market, Poland and Italy are showing promising growth potential. These countries are anticipated to register growth at value CAGRs of 8% and 7.1%, respectively. This is due to the fact that consumer trends in these countries are evolving at a considerable rate, and with the rise in awareness for natural ingredient-based products, demand for natural antioxidant edibles is rising in parallel.
Which Form of Antioxidants is Used More in the Food Processing Industry?
“Dry Powder Antioxidants Witness High Demand”
The dry powder form of antioxidants, be it natural or synthetic, is mostly used for food processing applications due to a number of operational flexibilities that this form offers to food processors. More than 60% of the global market is dominated by this form, while liquid antioxidants are anticipated to register growth at value CAGR of 7.3% over the forecast period.
Which Types of Synthetic Antioxidants are Highly Sought-after?
“TBHQ Synthetic Antioxidants Hugely Popular across Regions”
Among the synthetic antioxidants, majority share of the market is held by BHA and Tert-butylhydroquinone (TBHQ) in food applications. These account for more than 60% of the consumption of synthetic type antioxidants. On the other hand, the rest, including BHT and Propyl Gallate (PG), are anticipated to register growth at value CAGRs of 7% and 6.2%, respectively.
Impact of COVID-19 Crisis
Global lockdowns imposed by governments as a preventive measure for controlling the spread of COVID-19 resulted in supply chain disruptions. This had a considerable impact on the global antioxidants sector.
Even though demand for antioxidants to be utilised in processing edibles was more due to the operating food industry, disruptions did cause some hindrances to the overall market. As the situation improves, demand for antioxidants has risen, mainly on the back of changed consumer behaviour.
Key manufacturers of antioxidants are majorly focusing on research & development so as to come up with client-suitable formulations. Many have invested heavily in increasing their technological capabilities and are also providing customizations to meet client requirements.
- Oxiris Chemicals S.A. has a versatile range of products that are also specific to the type of industry in which they can be utilized. This is greatly aiding in tapping specific industries and attracting new clients. The company also offers customization solutions as per client requirements.
- Synthite Industries Ltd. offers a wide portfolio of products and also provides customization services for the development of new products and applications as per customer demands.
- In 2021, Archer Daniels Midland Company inaugurated a new plant-based innovation lab at its Biopolis research hub in Singapore. This new plant is equipped with cutting-edge technology and supports the development of trendy and nutritious products to meet demand from the Asia Pacific region.
Antioxidants Industry Report Scope
Historical data available for
US$ Million for Value
Key regions covered
Key countries covered
Key market segments covered
Key companies profiled
Customization & pricing
Available upon request
Antioxidants Market Industry Research by Category
Antioxidants Market by Type:
- Natural Antioxidants
- Synthetic Antioxidants
Antioxidants Market by Form:
- Dry Antioxidants
- Liquid Antioxidants
Antioxidants Market by End Use:
- Fat & Oil
- Convenience Food
- Bakery & Confectionary
- Meat, Poultry & Seafood
Antioxidants Market by Region:
- North America Antioxidants Market
- Latin America Antioxidants Market
- Europe Antioxidants Market
- East Asia Antioxidants Market
- South Asia Antioxidants Market
- Oceania Antioxidants Market
- Middle East & Africa Antioxidants Market
- FAQs -
The global market for antioxidants was valued at US$ 969.5 Mn in 2021.
Global antioxidant sales are set to increase at a CAGR of 6.6% through 2031.
Europe currently holds dominance with a market value of US$ 321.9 Mn in 2021.
Meat, poultry, and seafood accounted for 30% of the overall market share in 2021.
Key antioxidant producers include Cargill, Incorporated, BASF SE, Koninklijke DSM N.V., Archer Daniels Midland Company, and BTSA, holding around 50% to 60% market share.
The U.K. antioxidants market of was valued at US$ 2.58 Bn in 2021.
The Japan antioxidants market is anticipated to be valued at US$ 44.5 Mn by 2031, with that of the U.S. reaching US$ 298.7 Mn.