The
global antioxidants market features a competitive landscape dotted
with players of all sizes contributing to the increased intensity of
competition, observes Transparency Market Research (TMR). Top players
operating in the market are the Archer Daniels Midland Company (ADM),
Ajinomoto Co., Inc., and BASF SE. Some of other prominent companies
in the market are Koninklijke DSM N.V., Cargill Incorporated, Kalsec
Inc., DuPont, Kemin Industries, Nutreco N.V., Naturex S.A., and
Vitablend Nederland B. V.
The
global antioxidants market is projected to garner a revenue worth
US$3.11 billion by the end of 2020. The market is anticipated to rise
at a CAGR of 5.6% during the forecast period of 2014–2020. The
growth of the market will be notably fueled primarily by the rising
application of antioxidants in cosmetics and other skincare products.
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Broadly,
antioxidants are classified into two types - natural and synthetic.
Of the two, there is widespread application of synthetic antioxidants
in the feed industry. However, over time, the food and feed
industries are showing increased proclivity for natural antioxidants.
Nevertheless, the ease of availability of synthetic type currently
underpins its popularity.
On
the regional front, Asia Pacific is projected to rise at an
attractive pace during the assessment period. The substantially
rising demand for antioxidants comes from rapidly emerging economies
of India and China. The growth of this regional market is fueled by
the rising uptake of healthier dietary supplements in the food and
feed industries.
The
attractive growth experienced by the global
antioxidants market can be attributed to their extensive
application as preservatives in fat-containing foods by preventing
the oxidation of fats and oils. The crucial role played by
antioxidants in delaying the onset of rancidity and help prolonging
the shelf-life is key to its demand. The rising application of
antioxidants in the global feeds industry is a notable factor
catalyzing the growth of the market. The global antioxidant market is
also expected to benefit from the rising demand for meat.
The
cosmetics and personal care industries are emerging as the potential
end user for promising application of antioxidants as anti-aging
component. This has opened large lucrative avenues in the market.
Attractive
Demand for Natural Antioxidants in Cosmetics and Feed Industries
creates Lucrative Prospects
The
notably rising demand for anti-wrinkle creams and lotions to counter
aging is accentuating the market growth. In this context, the
burgeoning usage of natural antioxidants for cosmetic products has
expanded market prospects. With premature aging being a mounting
concern, the demand will experience a robust fillip over the
assessment period in various parts of the world.
Over
the years, the market is likely to witness increased lucrativeness
from the demand for natural antioxidants as opposed to synthetic
ones. The former occurs naturally in various food and feed
ingredients and prevents the formation of free radicals. The
attractively rising demand for natural antioxidants in cosmetics
formulation and in animal feeds will unlock lucrative opportunities
for market players, especially in emerging economies. Natural
oxidants are also being potentially demanded in making coloring
agent, another factor behind the attractive strides the market will
witness in the coming years.
Furthermore,
the promising demand for functional food and beverages in developed
nations, such as in numerous countries of Europe will aid in the
substantial expansion of the global antioxidants market.
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