Driven by the rise in the consumption of processed food among the growing population due to high purchasing power combined with longer shelf life of food has led to the growth in the demand of food antioxidants market globally.
As antioxidants are used to increase the shelf-life of food items and prevent rancidity, growing demand for food items including processed meat, packaged foods etc. are resulting in the demand of food antioxidants.
Emerging economies are expected to drive the market mainly in TBHQ, BHA and BHT, while developed economies are expected to shift towards natural substitutes such as rosemary extracts.
Growing awareness among the consumers related to healthier alternatives, due to which the market for natural antioxidants is witnessing stronger performance. However, high cost of natural antioxidants has been limiting the application for food manufacturers to stick to synthetic antioxidants.
Due to the additional benefits to the human health, there has been growing focus on natural antioxidants on account of higher awareness among the population mainly in developed economies. Additionally, there are improvements in supply chain as antioxidant producers are engaging in vertical integration to meet the growing demand of the food processing industry.
Global Food Antioxidants Market is forecasted to grow at a CAGR of 5.28% during 2016 – 2021, on account of rising consumption of processed foods such as snacks, meat and beverages, mainly driven by the rising middle class population in the developing countries, and are thus, expected to shift the demand for food antioxidants. APAC region remains the major market followed by North America in the actual period. In the forecast period, APAC region will continue to witness strong growth driven by the countries such as India and China. Synthetic antioxidants will remain strong mainly in the developing regions as strict regulations in developed countries are expected to drive the market for natural antioxidants.
According to Azoth Analytics research report, “Global Food Antioxidants Market (By Type, Sub-Types, End-Use): Trends, Opportunities and Forecasts (2016-2021) - (By Type- Natural & Synthetic; By Sub-Types- Vitamin A, C, E, Rosemary Extracts , TBHQ, BHT; By End-Use- Meat, poultry, Sea Food, Beverage, Bakery, Confectionary, Packaged Food (snacks, dairy, frozen), Oils, Fats; By Region – N. America, L. America, Europe, Asia Pacific, Middle East, Africa; By Country-USA, Brazil, UK, India, China, South Africa)”, Global Food Antioxidants market is projected to exhibit a CAGR of over ~5.28% during 2016 - 2021.
Scope of the Report
The report provides Segmentation by Type
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