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The synthetic food antioxidants market size is predicted to exceed USD 2.55 billion by 2032. These food antioxidants are used for their ability to prevent free radical formation during oxidation. They also help overcome the challenges of natural antioxidants including inherent instability. However, a steady shift towards green-label products and the growing popularity of natural antioxidants could have an impact on the demand for synthetic food antioxidants across countries like the U.S. and the UK.
The food antioxidants market share from the meat products segment is estimated to register at 5.8% CAGR through 2032, due to rapid shift of consumers towards a high-protein diet. An increase in consumer spending and an emerging trend of new cuisines among the population should accelerate the demand for meat products. According to estimates, global meat consumption is likely to reach 570 million tons by 2050.
Asia Pacific food antioxidants market size will surpass USD 1.7 billion by 2032, attributed to increasing per capita income across countries including India and China has fueled the expansion of the food & beverages sector. Supportive government initiatives to boost farming activities and improve food quality standards should have a positive influence on the regional market outlook.