Antioxidants Market Trend | Industry Research and End User Analysis to 2026

Market Highlights

Global Antioxidants Market is estimated to be valued at USD 8,996.2 Million by 2026, registering a CAGR of 5.3% during the forecast period. Antioxidants can prevent or slow the damage to cells caused by free radicals, which are unstable molecules that a body produces as a reaction to environmental and other factors. Antioxidants can be natural or synthetic. Antioxidants have applications in various industries, including food and beverages, animal feed, personal care, and pharmaceuticals and nutraceuticals.

Asia-Pacific was the largest market for antioxidants in 2019, and the region is expected to continue to dominate the global market during the review period. China was the largest country-level market with a share of 43.61% in 2019. However, India is projected to witness a substantial growth rate during the study period. The massive population and increasing health consciousness in developing countries in the region, such as India and China, are factors that are influencing the growth of the antioxidants market in the region.

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Key Players

Market Research Future recognizes Kemin Industries, Inc. (US), BASF SE (Germany), Kalsec Inc. (US), Archer-Daniels-Midland Company (US), Koninklijke DSM N.V. (Netherlands), Eastman Chemical Company (US), Barentz Group (Netherlands), International Flavors & Fragrances Inc. (US), DuPont de Nemours, Inc. (US), and Adisseo (France) as the Key Players in the Global Antioxidants Market.

Key Findings of the Study

The Global Antioxidants Market is expected to register a growth rate of 5.3% from 2020 to 2026.

On the basis of type, the synthetic segment is expected to hold a larger market share during the forecast period.

Segmental Analysis

Global Antioxidants Market has been segmented on the basis of Type, Form, Application and Region.

Based on application, the market has been segmented into food and beverage, animal feed, personal care, and others. The food and beverage segment has further been divided into fats & oils; convenience food; beverages; bakery & confectionery; meat, poultry, & seafood products; and others. The food and beverage segment accounted for the largest market share in 2019, with meat, poultry, & seafood products contributing to the majority of antioxidant sales. The increasing demand for products owing to properties such as enhancing flavor, aroma, color, and hindering oxidation are expected to propel the demand for the product in the food and beverage applications. However, the personal care segment is projected to exhibit the highest growth rate during the review period.

Regional Analysis

Geographically, the global antioxidants market has been segregated into North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Asia-Pacific accounted for the dominant share of the global market in 2019, with China being the major consumer of antioxidants. Moreover, it is expected to be the most lucrative regional market for antioxidant manufacturers during the review period. North America’s antioxidants market also accounted for a significant share in 2019. The US is a key contributor to the growth of the antioxidants market in the region. Improvements in the lifestyles of the consumers prompt them to consume clean label products, which is fueling the growth of the European market. The Rest of the World is projected to register a CAGR of 4.6% during the forecast period.

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