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Food Antioxidants Market Size

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

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Food Antioxidants Market Size

Food Antioxidants Market size valued at USD 3.2 billion in 2023 and is anticipated to observe over 5.5% CAGR from 2024 to 2032.

Expansive growth in the processed food industry may fuel the market demand. Food antioxidants are utilized to protect foods that contain natural and synthetic oxidants from oxidation. Some of the common natural food antioxidants include Vitamin C, Vitamin E, Polyphenols, and rosemary extracts. These antioxidants have wide-ranging usage in the formulation of processed foods items and bakery and confectionery.

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Growing demand for beverage products will have a positive influence on the food antioxidants industry outlook. Ready-to-consume drinks are in high demand across countries such as India and China. These drinks contain natural antioxidants such as Vitamin C and Vitamin E.

Food Antioxidants Market Report Attributes
Report Attribute	Details
Base Year:	2023
Food Antioxidants Market Size in 2023:	USD 3.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.5%
2032 Value Projection:	USD 5.2 Billion
Historical Data for:	2018 to 2023
No. of Pages:	285
Tables, Charts & Figures:	373
Segments covered:	Product, Application
Growth Drivers:	Growing processed food industry may fuel product demand Growing demand for bakery & confectionary products Growing product demand for beverages products is likely to foster industry growth
Pitfalls & Challenges:	Stringent regulations regarding the use of synthetic antioxidants may hamper industry growth

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The introduction of stringent regulations regarding the usage of synthetic antioxidants may impede the food antioxidant market growth. Artificial food antioxidants can help extend the shelf-life of food items; however, they are not precisely safe. These food additives have to undergo stringent toxicological testing procedures in a bid to ensure that the overall food is not contaminated. Rising cases of food contamination have urged many countries to implement national food policies, which could hamper the market revenue.

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.