Food Antioxidants Market worth $2.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO  , May 8, 2023 /PRNewswire/ -- The Food Antioxidants Market is estimated at USD 1.6 billion in 2023 and is projected to reach USD 2.2 billion by 2028, at a CAGR of 6.2% from 2023 to 2028 according to a report published by MarketsandMarkets™. There are several factors responsible for the expected increase in demand for food antioxidants. Some of which are the growing awareness among consumers about the health benefits of antioxidants. Antioxidants are known to help reduce the risk of chronic diseases such as heart disease, cancer, and Alzheimer's disease. As consumers becom    e more health-conscious, they are likely to seek out foods that contain elevated levels of antioxidants. And another major factor is the rise of functional foods is also expected to contribute to the increased demand for antioxidants in food. Functional foods are those that provide health benefits beyond basic nutrition. As consumers seek out foods that can help improve their health, the demand for foods that are fortified with antioxidants is likely to increase. Such factors potentially increase the demand for food antioxidants.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=91651246

Browse in-depth TOC on "Food Antioxidants Market"

191 – Tables
51 – Figures
244 – Pages

The dry format in by form segment accounted for the largest share of the food antioxidants market in 2023 in terms of value.

Dry forms of antioxidants are typically less prone to spoiling or more stable than liquid form. This makes them easier to store and transport and ensures that they maintain their quality over time. These dry forms of antioxidants have longer periods of time without losing their effectiveness or characteristics. This makes them a more convenient option for food manufacturers who need to produce massive quantities of products and store them for extended periods of time. These factors are commonly considered by the food processing industries, while purchasing raw materials. Considering these facts, the demand for dry form of ingredients accounted for the largest segment of the food antioxidants market.

The fruits & vegetables in the natural sources segment accounted for the largest share of the food antioxidants market in 2023 in terms of value.

Naturally derived antioxidants from fruits and vegetables are gaining popularity in the food industry for several reasons. One of the factors is, health benefits of the naturally sourced antioxidants from fruits & vegetables. Fruits and vegetables are known to be rich sources of antioxidants such as vitamin C, vitamin E, and beta-carotene. These antioxidants have been shown to have numerous health benefits, such as reducing inflammation, improving cardiovascular health, and protecting against cancer. Consumers are increasingly interested in healthy food options, and many are looking for products that contain natural, plant-based ingredients. As a result, food manufacturers are responding to this demand by incorporating more fruits and vegetables, and their associated antioxidants, into their products.

Another popular growing trend in the food industry is the clean label trend. The naturally derived antioxidants fit well with this trend, as they are seen as more natural and less processed than synthetic antioxidants. Mentioning in labels about the fruits & vegetable extracts is an additional marketing gain for food industries. Thus, these factors potentially drive the market segment in the food antioxidants market.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=91651246

The prepared meat & poultry sub-segment for the applications segment is estimated to grow at the highest in the food antioxidants market.

According to data released by the Organization for Economic Co-operation and Development, the world poultry consumption in 2022 was 133,696 thousand tons and is expected to be 144,874 thousand tons by 2029. This is due to an increase in population and growth in economic development. As countries become more economically developed, their populations tend to consume more meat and poultry. This is because people have more disposable income to spend on food, and meat is often seen as a status symbol or a sign of wealth. These developments and growth will increase the amount of meat & poultry consumption per capita. The meat & poultry industry uses antioxidants to prevent the oxidation of fats in meat products, which can lead to spoilage and rancidity. Thus, the demand for antioxidants potentially is estimated to grow at the highest in the food antioxidants market.

The Asia Pacific region accounted for the largest share and fastest growing market, in terms of value, of the global food antioxidants market in 2023.

The Asia Pacific region dominates the food antioxidants market. The region has a large population, which has led to an increase in demand for processed food and beverages. This has in turn fueled the demand for food antioxidants. Secondly, the food processing industry in the Asia Pacific region is diverse and includes various sub-sectors such as meat and poultry processing, dairy processing, bakery and confectionery, and processed fruits and vegetables. Furthermore, the Asia Pacific region is home to many major foods processing companies, including Nestle, Danone, Fonterra, and Tyson Foods, among others. The region also has several local companies that are leaders in their respective markets. Thus, catering for all these food industries in this region have generated a high demand for the food antioxidants and accounted to be the largest share and fastest growing market.

Major key players operating in the food antioxidants market Archer Daniels Midland (US), BASF SE (Germany), International Flavors & Fragrances Inc. (US), Eastman Chemical Company (US) and DSM (The Netherlands).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=91651246

Browse Adjacent Reports @ Food and Beverage Market Research Reports & Consulting

Related Reports:

Food Fortifying Agents Market by Type (Minerals, Vitamins, Carbohydrates, Prebiotics, Probiotics), Application (Cereal & Cereal-based Products, Bulk Food Items), Process (Drum Drying, Dusting) and Region - Global Forecast to 2027

Food Preservatives Market by Function (Antimicrobials, Antioxidants), Type (Synthetic Preservatives and Natural Preservatives), Application, and Region ( North America, Europe, Asia-Pacific, Middle-East Africa) - Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra 
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/food-antioxidants-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/food-antioxidants.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets