Pages

Monday 28 March 2016

Antioxidants Market is Estimated to Reach USD 3,111.5 million by 2021, Asia Pacific is Projected to be Most Attractive Regional Market in terms of revenue

Transparency Market Research has published a new market report titled “Antioxidants Market (By Product Type: Natural Antioxidants abd Synthetic Antioxidants) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2020.” According to the report, In terms of revenue, the antioxidants market was valued at USD 2,243.8 million in 2014 and is estimated to reach USD 3,111.5 million by 2020, expanding at a CAGR of 5.6% over the forecast period. In terms of volume, the antioxidants market was valued at 75.5 thousand tons in 2014 and is estimated to reach 103.3 thousand tons by 2020, expanding at a CAGR of 5.3% over the forecast period.

The global antioxidants market is expected to witness substantial growth during the forecast period, particularly due to increasing global meat consumption. The increase in demand for anti aging products is also stimulating the growth of the global antioxidants market. In addition, government regulations across the world related to antioxidants are also influencing the growth of this market.

The global non-destructive testing equipment market is segmented by regions into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific dominated the market in 2013, accounting for 31.8% market share globally. The growth in Asia-Pacific is attributed to increasing health and wealth awareness and increasing demand for anti aging products. Increasing demand for cosmetic and nutritional products is primarily driving the antioxidants market in North America.

The antioxidants market in Asia Pacific is primarily driven by growing demand for health and dietary supplements. The region has a huge population of aging citizens, especially in countries such as Japan and China. Antioxidants are used in anti-aging creams and are used in a wide variety of medicines for treating diseases such as cancer, amyotrophic lateral sclerosis and other neurological diseases. With the growing age, people are susceptible to many diseases, due to which the Asia Pacific region is expected to observe high demand for antioxidant rich products. Antioxidants are used in extending shelf life of packaged food products. The growth in packaged food products is also contributing to the increased demand for antioxidants.


North America is expected to witness steady growth in demand for antioxidants. The region’s humid climate results in quick degradation of food due to which food and feed manufacturers tend to add more antioxidants, which in turn is driving the demand for feed and food antioxidants in North America. Currently, natural antioxidants are expensive compared to synthetic antioxidants, and people are expected to shift their consumption from synthetic to natural antioxidants in the coming years. Growing consumer preference for green attributes in food and cosmetics, and health and wellness products is influencing the growth of the antioxidants market in the region. In addition, increasing demand for cosmetic and nutritional products obtained from natural sources is also driving the natural antioxidants market in North America. Owing to these factors, the antioxidant market in this region is expected to observe steady growth during the forecast period.

The natural and synthetic antioxidants market in Europe is expected to increase at a considerable rate especially in countries such as the U.K and Ireland. Consumers in Europe spend a higher proportion of their income in functional food and beverages where antioxidants are used. The Europe antioxidants market is primarily driven by factors such as growing health awareness in Western Europe, rising population, increasing income level of consumers and increasing demand for anti aging products. The market for natural antioxidants has huge opportunity in the near future and demand is also expected to rise during the forecast period of 2014 to 2020.

The Rest of the World (RoW) region includes South America, the Middle East, and Africa. The market for antioxidants used in food, animal feed, and cosmetics is primarily driven due to growing demand for antioxidant rich products in emerging nations such as Brazil, Argentina, South Africa, and UAE among others. The demand for antioxidants has increased significantly, as people in this region are increasingly becoming health conscious and are consuming more health and dietary supplements. Increasing demand for feed antioxidants used in poultry farms is also causing a surge in the overall antioxidant market in the RoW region. Owing to these factors, the antioxidant market in RoW is expected to observe steady growth throughout the forecast period.

Key players have been profiled with attributes such as company details, financial overview, key developments, historical roadmap, and strategy and future roadmap in the field of non-destructive testing equipment. Key players in the non-destructive testing equipment market include ADM, Aland (Jiangsu) Nutraceutical Co., Ltd, Kemin Industries, BASF, DuPont, Kalsec Inc., Cargill Incorporated, Koninklijke DSM N.V., Vitablend Nederland B.V.Naturex S.A and Nutreco N.V. among others.among others.

Market segmentation

The Antioxidants Market is segmented as below:
Global Antioxidants Market: by Products Type
  • Synthetic Antioxidants
  • Natural Antioxidants
Global Antioxidants Market: by Geography
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (ROW)


No comments:

Post a Comment