Global
Antioxidants Market: Overview
With
the increasing meat consumption worldwide, the demand for
antioxidants is expected to rise as well. Antioxidants are deemed
necessary to prolong the shelf-life of packed foods or other food
products by protecting them against oxidation such as color changes
and fat rancidity. Due to the rising application of antioxidants in
foods, cosmetics, and animal feed additives, Transparency Market
Research (TMR) predicts strong growth for the global antioxidants
market.
Currently
two most common types of antioxidants available in the market are
synthetic and natural. For the purpose of the study, the global
antioxidants market is also segmented in terms of technology,
end use, and geography, besides the aforementioned product type.
The
report provides a granular analysis of the various factors promoting
or hindering the market’s growth between 2014 and 2020. Besides
this, the regulatory policies that have been encouraging the uptake
of antioxidants across diverse applications, have been analyzed as
well. The report provides an executive-level blueprint of the vendor
landscape in the market. For the purpose of which it also profiles
the leading companies operating therein.
Global
Antioxidants Market: Trends and Opportunities
Besides
the increasing meat consumption, the global antioxidants market is
significantly gaining from the rising demand for anti-aging products.
With people around the world becoming more concerned towards ensuring
the longevity of their youth and beauty, the market for products
promising to reverse the signs of aging is expected to grow, thus
providing impetus to the global antioxidants market.
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TMR
forecasts the global antioxidants market to exhibit a CAGR of 5.6%
between 2014 and 2020 to reach US$3.1 bn by the end of 2020. With
age, skin tends to start losing its defense against weather and
pollution. This often leads to the appearance of wrinkles and other
signs of aging. As premature aging becomes a concern of paramount
important among young adults, TMR forecasts the demand for antiaging
products to increase, thus propelling the growth of the antioxidants
market in response. Antioxidants are proven remedies for skin aging.
They protect the cell membranes and reduce the formation of radicals.
The
global economic slowdown had little impact on the antioxidants
market. This implied sustainable growth for the feed additives market
during the forecast period. However, the paradigm shift in eating
patterns among consumers could affect the market’s growth across
certain regions. Nevertheless, with the rising population meat
consumption is also expected to increase around the world, thus
creating opportunities for the global antioxidants markets growth in
the near future.
Global
Antioxidants Market: Regional Outlook
Regionally,
the global market has been segmented into Asia Pacific, Europe, North
America, and Rest of the World. The market is at present witnessing
robust growth in Asia Pacific, followed by Europe and North America.
The increasing concerns pertaining to health problems and the rising
demand for healthier diet have been creating lucrative opportunities
for enterprises in the antioxidants market in Asia Pacific.
Companies
Mentioned in the Report
To
study the vendor landscape of the market, the report has profiled
companies such as BASF, ADM, Kemin Industries, Koninklijke DSM N.V.,
Aland (Jiangsu) Nutraceutical Co., Ltd, Kalsec Inc., DuPont, Cargill
Incorporated, and others. Their recent developments and historical
roadmap have been studied in the report in detail.
The
global antioxidants market is segmented as:
By
Type
Natural
Antioxidants
- Rosemary Extracts
- Vitamin A
- Vitamin C
- Vitamin E
Synthetic
Antioxidants
- Butylated hydroxyanisole (BHA)
- Butylated hydroxytoluene (BHT)
- Others
By
Technology:
- Ultrasonic testing
- Radiography testing
- Visual testing
- Electromagnetic testing
- Others (including magnetic particle testing, and liquid penetrant testing)
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