Future
Market Insights (FMI) delivers key insights on the global
antioxidants market in its latest report titled “Antioxidants
Market: Global Industry Analysis and Opportunity Assessment, 2014 -
2020”. The global antioxidants market is anticipated to expand at a
CAGR of 5.3% in terms of volume during the forecast period due to
various factors, regarding which FMI offers fundamental insights in
detail in this report.
On
the basis of products, the market has been categorised into natural
antioxidants and synthetic antioxidants. Natural antioxidants
market is further sub categorised into rosemary extracts,
vitamin A (including carotenoids), vitamin C (including ascorbic
acid) and vitamin E (including tocopherols and tocotrienols). The
synthetic antioxidants segment includes Butylated Hydroxyanisole
(BHA), Butylated Hydroxytoluene (BHT) and others (including
Tert-Butylhydroquinone (TBHQ), propyl gallate). In terms of volume
consumption, the market for natural antioxidants stood at 23.3
thousand tons in 2013 and is expected to expand at a CAGR of 6.4%
over the period 2014-2020. In natural antioxidants, rosemary extracts
have high potential to grow in the coming six years as they help
protect fat oxidation by neutralising free radicals, and help to
reduce the color decomposition caused by oxidation. Thus, rosemary
extracts are likely to expand at a CAGR of 7.4% during the forecast
period in terms of value. On the other hand, the global synthetic
antioxidants market is foreseen to reach 67.2 thousand tons by 2020.
The
global antioxidants market is expected to witness a substantial
growth during the forecast period, particularly due to increasing
global meat consumption. Pork meat has been accounting for the
largest volume share of the overall global meat consumption in the
last four years. However, chicken meat consumption has experienced
high growth over the last four years. Increase in demand for
anti-aging products is also stimulating the growth of the global
antioxidants market currently.
For
more information on this report, fill the form @
https://www.futuremarketinsights.com/reports/sample/rep-gb-1078
This
report covers drivers, restraints and opportunities that are driving
each segment and respective sub-segments of the market, and offers
analysis and insights about the potential of the antioxidants market
in specific regions. Geographically, Asia-Pacific dominated the
market in 2013, accounting for 31.8% value share of the market
globally. The growth in Asia-Pacific is attributed to increasing
health and wealth awareness and increasing demand for anti-aging
products. North America held the second largest market share in the
same year in terms of value. 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. 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 growing demand for anti-aging products.
The Europe antioxidants market stood at 18.0 thousand tons in 2013,
and is expected to expand at a CAGR of 5.2% during the forecast
period. Growing incidences of diseases such as cancer, amyotrophic
lateral sclerosis and other neurological diseases in Asia are
expected to result in high demand for antioxidant rich products in
the region. Thus, the Asia-Pacific region is anticipated to expand at
a CAGR of 5.9% during 2014-2020 in terms of value.
Key
competitors covered in the report are Aland (Jiagsu) Nutraceutical
Co. Ltd, Archer-Daniels Midland Company, BASF S.E, Cargill
Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc.,
Koninklijke DSM N.V., Naturex S.A., Nutreo N.V. and Vitablend
Nederland B.V. In order to enhance their market share in the
antioxidants market, manufacturers have been entering into mergers
and acquisitions along with geographic expansion, especially in Asian
countries.
No comments:
Post a Comment