According to a new report published by UnivDatos Markets Insights, the Food Antioxidants Market was valued at more than USD 1.5 billion in 2020 and is expected to grow at a CAGR of around 6% from 2022-2028
According to a new report published by UnivDatos Markets Insights, the Food Antioxidants Market was valued at more than USD 1.5 billion in 2020 and is expected to grow at a CAGR of around 6% from 2022-2028. The analysis has been segmented into Types (Natural, Synthetic); Form (Dry, Liquid); Application (Fats & Oils, Prepared Foods, Prepared Meat & Poultry, Others); Sources (Fruits & Vegetables, Oils, Spices & Herbs, Nuts and Seeds, Acid, Others); Region/Country.
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The food antioxidants market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the food antioxidants market. The food antioxidants market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the food antioxidants market at the global and regional levels.
Market Overview
The Food Antioxidants Market is growing on account of the rising adoption of inorganic growth strategies among key industry players around the globe. For instance, in October 2020, Barentz announced the acquisition of Maroon Group. This acquisition would help the company strengthen its foothold further in North America and become a global leader in the life science and broader specialty chemical industries. Further, the demand for food antioxidants is anticipated to grow in the forthcoming years with the rising consumption of processed foods such as snacks, meat, and beverages among the rapidly growing middle-class population in developing countries. Moreover, the growing demand for poultry and the increasing per capita income of consumers, changing consumer preferences and frequent use of food antioxidants in processed food are some of the other factors fueling the market for food antioxidants market.
Some of the major players operating in the market are BASF SE, Archer-Daniels-Midland Company, Koninklijke DSM N.V, Kemin Industries, Inc, Barentz International BV, Camlin Fine Sciences, BTSA, Foodchem International Corporation, 3A Antioxidants, Nagase Group.
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. COVID-19's impact on feed consumption has influenced meat and livestock products and byproducts, such as milk and eggs. This is primarily due to feeding supply shortages caused by the closure of many facilities and complete lockdown in the majority of important countries. Also, because of the pandemic, "panic-buying" for groceries and food ingredients became more common.
The global food antioxidants market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on the types, the food antioxidants market is segmented into natural and synthetics. The synthetics segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe. Synthetic food antioxidants are synthesized from petroleum-based products. They are used primarily in the food industry to delay lipid oxidation for stabilizing and preserving refined fats & oils within a food product.
· Based on the form, the market is fragmented into dry and liquid. The dry segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Most synthetic food antioxidants are in the dry form, which includes fine granular, fine powder, flakes, and tablets as they are easy to mix with various food products such as bakery & confectionery.
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Food Antioxidants Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
The Asia Pacific constitutes a major market for the food antioxidants industry owing to the rising demand for crop products, rapid urbanization and upsurge in the consumption of processed food in this region.
The major players targeting the market include
· BASF SE
· Archer-Daniels-Midland Company
· Koninklijke DSM N.V
· Kemin Industries, Inc
· Barentz International BV
· Camlin Fine Sciences
· BTSA
· Foodchem International Corporation
· 3A Antioxidants
· Nagase Group
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the food antioxidants market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the food antioxidants market?
• Which factors are influencing the food antioxidants market over the forecast period?
• What are the global challenges, threats, and risks in the food antioxidants market?
• Which factors are propelling and restraining the food antioxidants market?
• What are the demanding global regions of the food antioxidants market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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About UnivDatos Market Insights (UMI)
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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