About Natural Antioxidants
Antioxidants are molecules that inhibit or prevent the process of oxidation. Oxidation is the reaction of oxygen with metal or any other material. Oxidation results in the chemical and physical changes in the material or the metal. Rusting of iron is one of the examples of oxidation. In the human body, oxidation is caused due to the presence of free radicals. These free radicals cause damage to the cell membranes. This also results in illness or diseases like Parkinson's, Alzheimer's, liver disorder, cardiovascular disease, and cancer.
Technavio’s analysts forecast the global natural antioxidants market to grow at a CAGR of 9.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global natural antioxidants market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Natural Antioxidants Market 2017-2021
Technavio recognizes the following companies as the key players in the global natural antioxidants market: Adisseo, Archer-Daniels-Midland, Cargill, DuPont, and Royal DSM.
Other Prominent Vendors in the market are: AB Vista, Ajinomoto OmniChem, BASF, BTSA, Eastman Chemical Company, IMCD, Kalsec, Kemin Industries, Naturex, SEPPIC, Synthite Industries, and Prinova Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing consumption in cosmeceuticals. Cosmeceuticals are cosmetics with pharmacological benefits. Consumers today are more concerned about their appearance and are very specific in their needs and are ready to try products that offer better benefits including herbal products. Resveratrol, a polyphenol derived from plants, is an antioxidant used in cosmeceutical serums.”
According to the report, one driver in the market is increased consumption of processed food. The fast-moving, metropolitan lifestyle in cities is fostering the consumption of packaged food items. Processed food, ready to eat (RTE) food, and beverages are quite convenient and popular among consumers. The global frozen food market, which includes the majority of RTE and bakery food items, is expected to grow at a CAGR of 4.5% during the forecast period. Furthermore, the global breakfast cereal market is expected to grow at a CAGR of more than 4% during the forecast period. Consumers look for healthy and nutritious processed food products. The food and beverage industry players are providing processed food with high nutrition and long shelf life.
Further, the report states that one challenge in the market is high product cost. Raw materials used for the extraction of natural antioxidants, such as vitamin E, are quite costly. This eventually leads to the increase in the cost of the final product. For instance, the production costs of tocopherol, which belongs to the family of vitamin E compounds, has increased in the past five years. This is due to the limited supply of vegetable oil. Tocopherol is manufactured from vegetable oil. The limited supply vegetable oil can be attributed to the high consumption of vegetable oil in many other industries. In addition, vegetable oil is also used for cooking.
Adisseo, Archer-Daniels-Midland, Cargill, DuPont, and Royal DSM, AB Vista, Ajinomoto OmniChem, BASF, BTSA, Eastman Chemical Company, IMCD, Kalsec, Kemin Industries, Naturex, SEPPIC, Synthite Industries, and Prinova Group.
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