Market Overview
Natural antioxidants are available abundantly as they are derived from easily accessible sources, such as fruits, plants, spices, meats, and herbs. They are used extensively as additives for preventing rancidity in food due to oxidation. Natural antioxidants can increase shelf-life of products, hence used in dairy frozen desserts, bakery confectionery, sweet savory snacks, and meat products among others. The rise in applications of natural antioxidant across cash rich sectors is expected to underpin the expansion of the market and expand at 8.5% CAGR across 2017-2023. The rise in popularity of natural antioxidant, especially in the convenient food industry can add momentum to the expansion of the market. Multiple applications of natural antioxidant and increase in need for clean label can improve the market impetus in the forecast period. On the contrary, the availability of any cheap substitutes for natural antioxidants restrain the natural antioxidant market expansion.
Segment Assessment
The segment study of natural antioxidants market is based on application, type, and form.
The type based segment of the natural antioxidant market are rosemary extract, carotenoids, vitamin E, and vitamin C others. The form based segment of the global natural antioxidant market are dry and liquid. The application based segment of the natural antioxidant market are personal care, food beverages, and animal feed among others. The FB segments are dairy frozen desserts, bakery confectionery, sweet and savory snacks, and beverages among others. The bakery segment can win high profits for the market.
The increase in health awareness and preference for organic foods can drive the natural antioxidant market. In addition, the emerging trend of organic personal care products can fuel the expansion of the market. Continuous innovations and the introduction of latest products launched by some reputed key players can significantly impact the market.
Regional Analysis
In North America, the natural antioxidants market is expected to expand at a high pace, led by the US. The region is expected to contribute largely to the natural antioxidant market in the near future. The presence of well-known natural antioxidant developers is critical to the regional market. The increase in need organic products among both vegan and non-vegan US population is likely to add momentum to the regional natural antioxidants market. In Europe, natural antioxidant market is anticipated to holds a considerable share of the global market through the analysis period. The inclination people towards food, as well as cosmetic fortified with natural antioxidants can also support thee expansion of EU natural antioxidant market in the review period. In Asia Pacific, the natural antioxidant market is expected to surge at the fastest pace. The growing awareness of natural products across food and beverage industry sectors in developing economies can drive APAC natural antioxidants market in the analysis period. In addition, the rise in adoption of natural antioxidants in feed of animals can the expansion of Asia Pacific natural antioxidants market in the coming years.
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Key Players
BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Prinova Group LLC. (US), DowDuPont (US), Frutarom Industries Ltd. (Israel), Adisseo (China), Ajinomoto Co. Inc. (Japan), Chr. Hansen Holding A/S (Denmark), Archer Daniels Midland Company (US), and Kalsec Inc. (US) are some notable key players operating in the natural antioxidants market, as listed by MRFR. Details regarding dynamics of the marketers are illustrated in the report.
Industry News
August 2020
Employees at of the Laboratory of Natural Antioxidants of the Institute of Living Systems reveals that Curonian Spit plant’s antioxidant properties can be promising for agriculture and biotechnology sectors.
