Antioxidant
can be defined as a substance that prolongs the shelf life of food
products by protecting them against deterioration caused by oxidation
such as fat rancidity and color changes. These substances are also
called shelf-life extenders. Antioxidants are used as food, cosmetics
and animal feed additives for various purposes such as to prevent
damage of cells, and to reduce singlet oxygen. There are two kinds of
antioxidants - synthetic and natural.
The
global antioxidants market is expected to witness substantial growth
during the forecast period, particularly due to increasing global
meat consumption. Pork meat accounted for the largest share of the
overall global meat consumption in the last four years. However,
chicken meat consumption experienced high growth over the last four
years. The increase in demand for anti aging products is also
stimulating the growth of the global antioxidants market. Aging is
defined as deterioration of physiological functions in organisms. As
people get older their skin loses its defense against external
weather due to oxygen deficiency. Increasing pollution is also a
major inducer of premature aging by activating metalloproteinases
that disintegrate collagen.
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Antioxidants
act as a remedy to skin aging by dampening free radicals formation in
skin. Antioxidants offer protection to the cell membranes and prevent
the oxidation process by neutralizing toxic oxygen molecules and free
radicals. Along with the food industry, antioxidants are now very
popular and extensively used in the cosmetics, health care and food
packaging industry.
Asia
Pacific has experienced high growth in the forecast period followed
by Europe and North America. The demand for antioxidants in Asia
Pacific is primarily driven by growing demand for health and dietary
supplements. Huge population and growing health awareness in
developing nations such as India and China is influencing the growth
of the antioxidants market in the region. 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
addition, increasing demand for cosmetic and nutritional products
obtained from natural sources is also driving the natural
antioxidants market in North America. Growing demand for functional
food and beverages in countries such as the U.K., Italy, Germany and
Ireland is also contributing to the growth of the antioxidants market
in Europe.
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The
global antioxidants market by product type is segmented into natural
antioxidants and synthetic antioxidants. Natural antioxidants market
is further sub categorized into rosemary extracts, vitamin A
(including carotenoids), vitamin C (including ascorbic acid) and
vitamin E (including tocopherols and tocotrienols). Synthetic
antioxidants segment includes butylated hydroxyanisole (BHA),
butylated hydroxytoluene (BHT) and others (including
tert-butylhydroquinone (TBHQ), propyl gallate). The market for
synthetic antioxidants is comparatively larger as compared to the
natural antioxidants market. Synthetic antioxidants is expected to
dominate the antioxidants market throughout the forecast period i.e.,
2014 to 2020.The report also provides an understanding of volume
(Thousand Tons) and value (USD million) of antioxidants. The study
also provides forecast from 2014-2020 and highlights current and
future market trends.
By
geography, the market has been segmented into North America, Europe,
Asia Pacific and Rest of the world (ROW). The Asia Pacific is further
categorized into Australia, China, Indonesia, South Korea, Taiwan,
Thailand and rest of Asia Pacific. Moreover, the report also provides
the company market share analysis of key players and suppliers in
Asia Pacific. Furthermore, the report also covers the antioxidants
type and its applications in North America, Europe, Asia Pacific and
ROW.
The
leading players in Asia Pacific region include Kemin Industries,
BASF, ADM and Ajinomoto among others.
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the full Press Release:
http://www.transparencymarketresearch.com/pressrelease/antioxidants-market.htm
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