Fruit Chunks Infused with Antioxidants Market Forecast and CAGR
According to the latest research by Persistence Market Research, the Fruit Chunks Infused with Antioxidants Market is set to witness significant growth during 2021-2031. Demand for natural antioxidants are rising at a significant rate in food products as antioxidants can prevent many diseases and if infused with the fruits will enhance nutrition value it is also witnessed huge demand in various application in personal care, confectionery, bakery product and others.
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What is Driving Demand for Fruit Chunks Infused with Antioxidants Market?
Oxidations are among the major problem the food industry is facing as it reduces the overall life of the fresh product i.e. fruits, vegetables with a considerable margin. Due to this, the companies have found an alternative way to address the problem of shelf life by the use of antioxidants in the fruits and vegetables which help in stabilizing the free radicals and enhance the color of the fruit.
Moreover, free radicals are among the unstable compound causes killing cells and lead to aging and diseases like cancer and early stages of atherosclerosis, antioxidants protect form them. And due to more of the advantage fruits chunks infused with the antioxidants market generates immense market demand.
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Asia Fruit Chunks Infused with Antioxidants Market Outlook
In terms of volume, Asia is among the largest consumer of the global fruit chunks antioxidant market. As countries like Japan, China, ASEAN and India increased the demand for antioxidants in the food industry as well as in the manufacturing sector.
Rising disposable income of population increased the consumption of processed food products having higher food antioxidants level because of its benefits and presence of manufacturing base of food and beverages is among the key driver in this region, as a result, the rising demand from growing health-concise consumer base with an increasing focus on functional food, nutritional benefit, and dietary supplement.
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North America Fruit Chunks Infused with Antioxidants Market Outlook
North America has expected to increase in growth. As the rising awareness among the consumer in the countries of North America about the fruit antioxidants. Government subsidization in food also enhances this sector which further increases the growth of the food and beverage industry. Moreover, the government of various countries has taken initiative to increase the adoption of natural antioxidants as they are efficient, safe, and healthier.
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Who are the Key Manufacturers and Suppliers of Fruit Chunks Infused with Antioxidants Market?
The key manufacturer and supplier of the Fruit Chunks Infused with Antioxidants Market are as follows
- Archer Daniels Midland Company
- BASF SE
- Kemin Industries Inc
- Eastman chemical company
- Frutarom Ltd
- Barentz Group
- Camlin Fine Sciences
- Kalsec Inc.
What are the consequences of COVID-19 pandemic in Fruit Chunks Infused with Antioxidants Market?
COVID-19 directly impacted the consumption of the fruit chunks infused with the antioxidants as the supply of the product and shortage resulted in the shutdown of many facilities and many countries went lockdown.
But due to pandemic panic buying was observed in many regions and among the grocery and fruits, despite the challenges posed by the COVID-19, according to International Food Additive Council (IFAC) the supply of fruits supply remains strong, and the food antioxidants market continues in maintaining the quality of fruit products at home.
As antioxidants help to extend the shelf life of the fruit, which allows the fruit to fit for consumption for a longer period of time.
On the basis of nature, the Fruit Chunks Infused with Antioxidants Market is segmented into:
On the basis of Fruit type, the Fruit Chunks Infused with Antioxidants Market is segmented into
- Tropical fruits
- Citrus Fruit
On the basis of End-use, the Fruit Chunks Infused with Antioxidants Market is segmented into:
- Food Industry
- Confectionery product
- Bakery Product
- Ready to eat product
- Foodservice Industry
On the basis of distribution channel, the Fruit Chunks Infused with Antioxidants Market is segmented into
- Business to Business
- Business to Consumer
- Convenience Stores
- Specialty Stores
- Online Retail
Based on regional, the Fruit Chunks Infused with Antioxidants Market is segmented into
- North America
- Latin America
- Mexico and Other countries
- Western Europe
- Eastern Europe
- Asia Pacific
- New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- The Middle East and Africa
- GCC Countries
- Other Middle East
- South Africa
- Other African Countries
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Fruit Chunks Infused with Antioxidants Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.