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.
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An
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 to cells, and to reduce singlet
oxygen.
There
are two kinds of antioxidants- synthetic and natural. Both of these
types are used in the feed industry. Antioxidants which are man-made,
used to stabilize oil, fat and lipid-containing feed, and are mostly
phenolic, are known as synthetic antioxidants. These phenolic
derivatives contain more than one methoxy or hydroxyl groups.
Ethoxyquin is the only heterocyclic and Nitrogen (N)– containing
compound and is allowed for use in animal feeds. Natural antioxidants
are those that exist naturally in food and feed ingredients. Natural
antioxidants such as vitamin E, C and carotenoids help to reduce the
risk of heart disease and cancer by inhibiting free radicals
formation. In addition, natural antioxidants are used in cosmetics
such as in anti aging products.
By
technology, the Antioxidants Market is segmented into five
categories: ultrasonic testing, radiography testing, electromagnetic
testing, visual testing, and others (including magnetic particle
testing and liquid penetrant testing). Based on end use industry, the
Antioxidants Market has been segmented into power generation
industry, oil & gas industry, aerospace and defense industry,
automotive industry, and others (including plastic and polymer, and
medical). Factors such as stringent government safety regulations for
quality control, increasing demand to improve quality and longevity
of the machines, and to ensure safety and reliable performance of the
machines are driving the industrial controls market globally.
The
global economic slowdown had very less impact on the global meat
market and the market growth for feed additives will continue to
improve in the forecast period. However, changing eating patterns are
affecting the market growth regionally, due to changing diet
patterns, urbanization, population and economic growth. The rising
population is boosting the growth of the meat market worldwide. The
above table depicts the population trends in the world‘s largest
and fastest growing economies, where the demand for feed products is
expected to rise rapidly with rise in the population. Due to the
growing life expectancy and a robust agriculture sector, the demand
for feed antioxidants in the global meat industry is expected to grow
in the forecast period. India and Brazil are amongst the world‘s
fast growing economies, with continuous increase in the per capita
income. This may cause a standard shift changing dietary preferences.
However, meat consumption patterns are expected to vary in different
parts of the world due to cultural, religious and other consumer
preference factors. Owing to these factors, the growing demand for
feed antioxidants is expected to influence the growth of the overall
Antioxidants
Market.
Antioxidants
are used in food products to preserve nutrients, flavor and freshness
thereby preventing food wastage and extend overall shelf life. In
many situations, two or more antioxidants are used in food products
to enhance food quality protection. Commercial products are made with
preservatives to preserve freshness for a longer time and keep them
free from bacteria. Antioxidants help to prevent oxidation of food
containing fat or oil from going rancid. It prevents the browning of
vegetables, cut fruit and fruit juices and increases their shelf
life. For example, vitamin C, which is also known as ascorbic acid
helps to recycle vitamin E. Ascorbates such as vitamin C, helps to
remove oxygen through self oxidation process.
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 antioxidants. Key players in the Antioxidants 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.
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