Impact of Outbreak of COVID-19 on Antioxidants Market

Antioxidants Market: Introduction

In terms of value, the global antioxidants market is anticipated to expand at a CAGR of 5% from 2019 to 2027. Antioxidants prevent damage to free radical-induced tissues by preventing formation of radicals, promoting their decomposition, or by scavenging them. Damage to cells affected by free radicals plays a central role in the aging process and disease progression. Antioxidants are used as a defense against the free radical damage. The demand for antioxidants in the food & feed industry is increasing rapidly across the globe. This has resulted in extensive usage of numerous types of antioxidants in food & feed production.

Rise in Adoption of Antioxidants for Meat Products

Rise in consumption of meat in various developed and developing countries is a key factor anticipated to propel the demand for natural antioxidants in the global meat industry during the forecast period. Increase in demand for ready-to-eat meat products, owing to their high protein content, is one of the prominent factors driving the global antioxidants market. Furthermore, increase in per capita income in developing countries and rise in demand for frozen meat products, especially among the working population, are estimated to augment the global meat market during the forecast period. This, in turn, is projected to augment the antioxidants market.

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Preference for Natural Antioxidants

Based on product, the global antioxidants market has been bifurcated into natural and synthetic. The natural segment is expected to expand at a CAGR of 5.4% during the forecast period. Natural antioxidants are primarily preferred for disease prevention. These antioxidants are categorized into four types: vitamin A, vitamin C, vitamin E, and rosemary extract. Natural antioxidants contain active compounds, which use antioxidative potential in meat products. The antioxidant action takes place, owing to the presence of synthetic acids, synthetic diterpenes, and flavonoids & volatile oils. Natural antioxidants are primarily distributed in medicinal and food plants. Natural antioxidants, particularly carotenoids and polyphenols, exhibit various biological effects, including anti-aging, anti-inflammatory, anticancer, and anti-atherosclerosis. The proper assessment and effective extraction of antioxidants from medicinal and food plants plays an important role in exploring potential antioxidant foundations and promoting applications in pharmaceuticals, functional foods, and food additives.

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Rubber & Latex Additives to be Major Application Area of Antioxidants

Based on application, the global antioxidants market has been segregated into food & feed additives, pharmaceutical & personal care products, plastic additives, rubber & latex additives, fuel & lubricant additives, and others (including inks, paints & coatings, adhesives & sealants, metallurgy). The rubber & latex additives segment accounted for more than 30% share of the global antioxidants market in 2018. Antioxidants are chemicals that help protect rubber articles against attack from oxygen. This is a key factor expected to increase the adoption of antioxidants in the rubber & latex industry.

Asia Pacific to be Lucrative Region of Antioxidants Market

In terms of consumption, Asia Pacific dominated the global antioxidants market in 2018. The market in the region is expected to expand at a rapid pace from 2019 to 2027. Rapid urbanization, rise in consumption of pharmaceutical products, expansion in construction and infrastructure industries, strong economic growth, and growth in meat consumption are major macroeconomic factors that are projected to fuel the demand for antioxidants in the near future. Increase in consumption of antioxidants in applications in plastic and rubber industries is also estimated to drive the market in Asia Pacific. The rubber & latex additives segment in Asia Pacific, particularly in India and China, is likely to witness moderate growth in consumption of antioxidants in the next few years. In terms of consumption, North America is expected to be a vital region of the global antioxidants market during the forecast period

Competition Landscape

The global antioxidants market was highly fragmented in 2018, with numerous manufacturers operating in the market. SONGWON Industrial Group, BASF SE, Solvay S.A., Clariant AG, ADEKA Corporation, and Evonik Industries AG are the leading companies that accounted for more than 70% share of the market in 2018. Manufacturers operating in the global antioxidants market include SONGWON Industrial Group, BASF SE, Solvay S.A., Clariant AG, ADEKA Corporation, Evonik Industries AG, 3V Sigma USA Inc., Rianlon Corporation, Everspring Chemical Co., Ltd., SI Group, Inc., Oxiris Chemicals S.A., Dover Chemical Corporation, Double Bond Chemical Ind. Co., Ltd., TAIWAN DYESTUFFS & PIGMENTS CORP., Beijing Tiangang Auxiliary Co., Ltd., Dalian Richfortune Chemicals Co., Ltd., and Chitec Technology Co., Ltd.

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Antioxidants Market Estimated to Reach USD 3,111.5 million by 2021

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. 

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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.

Antioxidants Market: Substantial Applications as Food Preservatives Propel Demand

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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Antioxidants Market to reap Attractive Gains from Potential Demand for Natural Ingredients in making Functional Food, Market to Reach US$3.11 Bn by 2020 End

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.

Substantial Applications as Food Preservatives Propel Demand

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.

Demand for Antioxidants Expected to Reach 103.3 Thousand Tons by 2020

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.

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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.

Antioxidants Market - Positive Long-Term Growth Outlook 2020

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)

Antioxidants Market is Growing at a CAGR of 5.6% from 2014 to 2020 to Account for USD 3111.5 mn in 2020

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.

Increasing Demand for Anti-Aging Products to Boost Consumption of Antioxidants, says TMR

As the demand for anti-aging products is increasing, players in the global antioxidants market have been presented with a lucrative opportunity for boosting their sales in the global market, states TMR in a recent report. The global increase in meat consumption is also creating a major growth opportunity for antioxidant manufacturers. Though the global market is dominated by a few key companies with similar channels for distribution and pricing strategies, but at the regional level the competition is intensely competitive due to the presence of local raw material dealers.

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At the regional level, the Asia Pacific market is taking the lead due to the collaborations that the leading companies are taking up with the local manufacturers in this region. In the Asia Pacific region, China is one of the major markets and Kemin Industries Inc. is leading with a company share of 10.2% in the market. It is followed by Kalsec and ADM. These top three companies hold a cumulative share of 17.9% of the total market share in China.

The antioxidants market in the global level is extremely cost sensitive. Hence, the manufacturing companies’ need to turn up with new innovations. The key players in the market are coming up with new plans to increase their revenue share in the market. For instance, Aland Nutraceutical Co. made collaborations with other companies in the industry to manufacture minerals, supplements and vitamins and also generate revenue. The level of competition is more intense in the regional level than in the global market as only few international players dominate the global market. This kind of investment and collaboration with local raw material dealers as well as other companies is expected to bolster the growth of the antioxidants market in the global as well as regional level.

In order to maintain their stand in the global anti-oxidants market, companies will have to ease their pricing policies and branding techniques, states TMR. The high cost of raw materials is intensely affecting the market profitability of anti-oxidants companies. Also, regulatory policies by regional and national governing bodies, which have banned specific antioxidants to be sold and used in the market, will limit the overall expansion of the global anti-oxidants in certain regions. The growth of the market depends on how focused the suppliers are on cost reduction as there can be a significant threat of backward integration from buyers.

Anti-Aging Product Demand to Boost Market for Anti-Oxidants

The increasing demand for anti-aging products across the globe is largely accredited to the growth of the anti-oxidants market. Vitamin C and glutathione are the most used antioxidants as they protect the cytoplasm of cells and are used in most of the anti-aging products. . Other antioxidants include uric acid, vitamin E, vitamin A and beta carotene. The antioxidants found in cosmetics are alpha tocopherol acetate and tocopherl. They help in the increasing the content of vitamin E in the skin.

Global demand for anti-aging products has witnessed a huge rise in the past few years owing to the rapid rise in the world’s aging population. The rising population of elderly people, combined with the rise in disposable incomes, especially in developing regions, is expected to boost sales of anti-aging products over the period between 2014 and 2020. If these factors exist persistently, the antioxidants market will witness favorable expansion in the next few years.

Lack of Awareness, Negative Statements by Experts, and Strict Government Regulations to Hinder Market’s Growth

Some of the major challenges faced by the global antioxidants market include lack of awareness among consumers about the several benefits of these elements, negative statements by experts regarding the potential side effects of antioxidants, and strict government rules for the circulation and use of the products having antioxidants. Negative comments by expert organizations, such as the claim by American Heart Association in 2008 that antioxidants are ineffective in protecting the heart’s health, are considered to be a hindrance in the global sales of antioxidants.

Apart from these, the government policies for safer use of antioxidant will also hamper the growth of this market in the next few years. Rigid test policies set up by the governments are expected to slow down the circulation of the antioxidants in certain regional markets. These factors together are expected to hamper the market growth of antioxidants in the next few years. North America is going to be a challenge for the manufacturers of anti-oxidants as the regulatory policies there are rigid in terms of the verification of the antioxidants.

The leading regions in the global antioxidants market are reported to be Asia-Pacific and North America, as they lead in the numbers with growing life expectancy, strong agricultural background and increase in per capita income. The growing demand for dietary and health supplements, and rise in the demand for packaged foods is expected to contribute to the elevated demand for antioxidants in the Asia-Pacific in the next few years. Asia Pacific held a leading share of 39.90% in the global antioxidants market in 2014.

In revenue terms, the global market of antioxidants is reported to rise at a CAGR of 5.6% in the forecast period of 2014-2020. It is expected to reach US$3,111.5 million by 2020, as reported by TMR.

The review has been based on the findings of a TMR report titled “Antioxidants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”.

Antioxidants Market: By geography

North America

Europe

Asia Pacific

• Australia
• China
• Indonesia
• South Korea
• Taiwan
• Thailand

Rest of the World

Antioxidants Market: By Type

Natural Antioxidants

• Rosemary Extracts
• Vitamin A
• Vitamin C
• Vitamin E

Synthetic Antioxidants

• Butylated hydroxyanisole (BHA)
• Butylated hydroxytoluene (BHT)
• Others

Antioxidants Market is Estimated to Reach USD 3,111.5 million by 2021, Asia Pacific is Projected to be Most Attractive Regional Market in terms of revenue

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.

Market segmentation

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)

Global Antioxidants Market to Grow at CAGR of 5.60% from 2014 to 2020 due to Increasing Demand for Medicines with Enhanced Shelf Life

Transparency Market Research (TMR) has announced the publication of a new market study based on the antioxidants market. According to the report, the global antioxidants market is driven by the growing demand from the cosmetics and skincare segment. The report is titled “Antioxidants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” and contains fruitful information on the market dynamics, key competitors, and the general attractiveness of the antioxidants market. According to the report, the global antioxidants market, which was valued at US$2.1 bn in 2013, is set to expand at a CAGR of 5.6% in the forecast period from 2014 to 2020, reaching a value of US$3.1 bn in 2020.

Antioxidants are substances that prolong the shelf life of foods by preventing oxidation, thus saving the food product from deteriorating. Antioxidants prevent fat rancidity and color changes in the food. Antioxidants are thus largely used for preventing cell damage. Apart from food, antioxidants are used in cosmetics and animal feed additives to reduce singlet oxygen.

According to the report, the increasing consumption of meat all over the world has led to growth of the global antioxidants market. Moreover, the increasing demand for anti-aging products is also boosting the global antioxidants market. People are more concerned nowadays about their looks and reversing the effects of ageing. With age, skin tends to lose its defenses against weather and pollution, leading to the appearance of wrinkles and other signs of aging. Premature aging is also a growing concern among young adults, impacting the global antioxidants market positively.

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Antioxidants act as a remedy for skin aging by reducing the formation of radicals in the skin and protecting the cell membranes. Antioxidants prevent the oxidation process by neutralizing the harmful molecules of oxygen and other free radicals. Due to these properties, antioxidants are now used in the health care and food packaging industries, thus fueling the global antioxidants market.

Asia Pacific will experience a high growth rate during the forecast period from 2014 to 2020, followed by Europe and North America. The growth can in the Asia Pacific region can be attributed to the growing health concerns and an increase in the demand for healthier dietary supplements. China and India are majorly contributing to the success of the antioxidants market.

Antioxidants are of two types: synthetic and natural. Currently, synthetic antioxidants are used on a large scale, as they are relatively cheaper, but this trend will soon shift and there will be an increased adoption of natural oxidants, forecasts the report. Growing health concerns and increased awareness about the benefits of everything natural will drive the natural antioxidants market, especially in North America. Additionally, an increased demand from countries such as Italy, Ireland, Germany, and the U.K. for functional food and beverages with increased shelf life is also set to contribute to the growth of the antioxidants market in Europe.

Globally, the market for synthetic antioxidants is anticipated to remain larger than the market for natural antioxidants in the period from 2014 to 2020. The synthetic antioxidants segment includes butylated hydroxytoluene (BHT), butylated hydroxyanisole (BHA), tert-butylhydroquinone (TBHQ), and propyl gallate.

The leading key players in the antioxidants market are BASF, Ajinomoto, and ADM.

The antioxidants market has been segmented as follows:

By geography

North America

Europe

Asia Pacific

• Australia
• China
• Indonesia
• South Korea
• Taiwan
• Thailand

Rest of the World

By Type

Natural Antioxidants

• Rosemary Extracts
• Vitamin A
• Vitamin C
• Vitamin E

Synthetic Antioxidants

• Butylated hydroxyanisole (BHA)
• Butylated hydroxytoluene (BHT)
• Others

Antioxidants Market - Growth, Trends ,Forecast up to 2020

A new research report published by Transparency Market Research states that the global antioxidants market is likely to witness a positive trend in the coming years. The report, titled “Antioxidants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, includes a comprehensive overview of the market that has been put together using primary and secondary data. The upward swing in the global antioxidants market will be due to the increasing demand for food, personal care products, and medicines with enhanced shelf life.

According to the research report, the global antioxidants market was valued at US$2.1 bn in 2013 and is expected to reach US$3.1 bn in 2020, growing at a CAGR of 5.60% from 2014 to 2020. The steady growth of the global antioxidants market is attributable to the ability of antioxidants to improve the shelf life of food items. Owing to this reason, antioxidants are used on a large scale in feed additives, the healthcare industry, the cosmetics industry, and in the food and beverages sector.

Browse full Antioxidants Market report at: http://www.transparencymarketresearch.com/antioxidants-market.html

According to the statistics, the synthetic antioxidants segment held a significant market share in the global antioxidants market as of 2013. The low manufacturing cost of synthetic antioxidants and their easy availability are the two important factors supporting the growth of this segment. On the other hand, the natural antioxidants segment will also witness slow and steady growth due to their expensive nature. However, the increasing consumer interest in natural ingredients and green food will keep their demand up for the coming few years. The natural antioxidants market will also find support in the high demand for nutritional and wellness products that are made of natural ingredients. In conclusion, the synthetic antioxidants segment will showcase growth at a high rate and will move ahead from US$1.4 bn in 2013 to a higher value due to its unbeatable advantages.

In terms of regions, Asia Pacific held the dominating position in the global antioxidants market as of 2013 with a share of 31.8% in the overall market. This region was followed by North America, which held a share of 27.4% in the same period. According to analysts, Asia Pacific will emerge as a significant contributor in the global antioxidants market by the end of 2020.

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The global antioxidants market is segmented on the basis of type and geography. Antioxidants in the market are broadly divided into natural antioxidants and synthetic antioxidants. The natural antioxidants in the market are vitamin A, vitamin C, vitamin E, and rosemary extracts. On the other hand, synthetic antioxidants are segmented into butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), and others. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.

Some of the important players profiled in the global antioxidants market are BASF, ADM, Kemin Industries, and Ajinomoto. The report offers a complete explanation of the competitive landscape by drawing a comparison of the financial overview, investment outlook, research and development activities, product portfolio, and management styles of these companies.

The global antioxidants market is segmented in the following ways:

Antioxidants Market: By geography

North America

Europe

Asia Pacific

• Australia
• China
• Indonesia
• South Korea
• Taiwan
• Thailand

Rest of the World

Antioxidants Market: By Type

Natural Antioxidants

• Rosemary Extracts
• Vitamin A
• Vitamin C
• Vitamin E

Synthetic Antioxidants

• Butylated hydroxyanisole (BHA)
• Butylated hydroxytoluene (BHT)
• Others

Browse the full Press Release:http://www.transparencymarketresearch.com/pressrelease/global-antioxidants-market.htm

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