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.
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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.
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)
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