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Food Antioxidants Market Share

Report ID: GMI3195
Published Date: Mar 2023
Report Format: PDF

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Food Antioxidants Market Share

Prominent participants operating across the food antioxidants market include Eastman Chemical Company, BASF SE, Vitablend Nederland B.V., Frutarom Industries Ltd, Archer Daniels Midland Company, Yasho Industries Ltd., Givaudan SA, Global Specialty Ingredients, Kemin Industries, Sinofi Ingredients, Kalsec Inc, DuPont de Nemours, Inc., Camlin fine sciences, Koninklijke DSM N.V., Lonza, and Riken Vitamin.

New product development and innovations by these firms would facilitate market growth over the forecast period. For instance, in March 2023, Kemin Industries developed VALTEQ™, its line of quality improvers for instant noodle makers. One of its newly developed products includes VALTEQ™ AO which is an all-in-one solution of natural antioxidants and emulsifiers that enhances instant noodles' quality and extends its shelf life

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food antioxidants crossed USD 3.2 billion in 2023 and is poised to witness over 5.5% CAGR from 2024 to 2032.

The meat products segment is estimated to grow at 5.8% CAGR between 2023 and 2032, due to the rapid consumer shift towards a high-protein diet.

The market size for food antioxidants in Asia Pacific is anticipated to reach over USD 1.7 billion by 2032, driven by factors like increasing per capita income across India and China and expansion in the food & beverages sector.

The market involves the presence of some of the leading companies such as Eastman Chemical Company, BASF SE, Yasho Industries Ltd., Givaudan SA, Vitablend Nederland B.V., Frutarom Industries Ltd, Archer Daniels Midland Company.