Food Antioxidants Market Revenue, Top Companies, Report 2033

Published Date : 04 Jul 2024

Food Antioxidants Market Revenue and Trends

The global food antioxidants market revenue was valued at USD 2.13 billion in 2023 and is poised to grow from USD 2.27 billion in 2024 to USD 4.04 billion by 2033, at a CAGR of 6.6% during the forecast period 2024 – 2033. The rising application of food antioxidants in a huge variety of packaged food and prepared meals has been the main driver for the upsurge of the market.

Food Antioxidants Market Statistics

Market Overview

The food antioxidants market consists of natural as well as synthetic amalgams that prevent the oxidation of the food, stopping decomposition and maintaining their quality. The market rotates around materials that hinder oxidation, protecting the quality and encompassing the shelf life of numerous food products. These antioxidants, many times natural or synthetic components, are added to stop rancidity, staining, and flavor deprivation. They find widespread usage in the food and beverage business, improving the firmness of oils, fats, and other elements in packaged and processed foods.

The food antioxidants market is boosted by growing customer demand for clean-label and slightly processed foods, along with rising consciousness of the health assistance related to antioxidants, making them a crucial compound in food taste preservation and food product quality preservation. The absence of time to cook their own nutritious food by themselves in between working or professional life has enforced or compelled them to depend on numerous types of wrapped food items, which can be consumed easily and also contain several nutritive properties.

Food Antioxidants Market Trends

  • Consumers are highly searching for natural antioxidants extracted from vegetables, fruits, spices, and herbs instead of synthetic alternatives. This trend is connected to the growing interest in clearly labeled products and healthy food choices, drawing manufacturers to include natural antioxidants in their food.
  • There is a growing trend of fortifying multiple food and brew products loaded with antioxidants to improve their nutritional properties. From antioxidant-loaded juices and teas to cereals and snacks covered with fruit extracts, producers are loading the antioxidant properties of ingredients to appeal to fitness freak consumers.
  • Consumers nowadays are highly attentive to ingredient lists and are searching for products with fewer artificial preservatives and additives. As a consequence, the demand for products with clear-label antioxidants is growing in the market, encouraging producers to use natural sources of antioxidants and avoid using synthetic additives in their daily consumption.
  • With rising consumer consciousness regarding environmental issues, there is a movement towards traceable and sustainable sourcing experience in the food antioxidants market. Consumers are searching for products with clear supply chains, lesser environmental influence, and ethically sourced ingredients, driving producers to order sustainability throughout their entire production processes.

Growing demand for packaged food driving the food antioxidants market

The upsurging mandate for processed and accessible food products is the constant driver of the food antioxidants market. As customers lead engaging lifestyles, their dependence on processed and packaged foods has increased. These food items often consist of fats, oils, and various other ingredients that are disposed to oxidation and spoilage of food. Antioxidants play an essential role in encompassing the shelf life of food and also preserving the quality of food items. Whether it's stopping contamination in snacks, protecting the color of frozen food, or preserving the texture of baked items, antioxidants are essential in safeguarding processed food items remain fresh and tempting. As this mandate continues to rise, so does the requirement for efficient antioxidants, hence driving the food antioxidants market development.

The move toward natural antioxidants extracted from spices, herbs, and botanical bases is a major influence on the food antioxidants market. Customers are progressively looking for clean tags and slightly processed food choices, and the mandate for natural antioxidants is lined up with these choices. Natural antioxidants extracted from organic sources not only deliver the health profits linked with plant-based components but also supply the desire of the customers for transparency and simplified ingredient lists. As customers focusing health and well-being, the market observes an upsurge in the mandate for natural antioxidants to change the synthetic replacements in a diversity of food items. This trend drives the market frontward, making chances for producers to encounter customer demands for fresh and more nutritious food choices.

Natural antioxidants, frequently obtained from botanical sources, can be restricted to certain boundaries because of factors like climate alteration and ecological sustainability. Variations in the accessibility of these possessions can lead to trials in obtaining a reliable and sustainable supply of natural antioxidants. Weather differences and environmental issues may influence the development and garnering of plants used as sources of antioxidant production, leading to potential scarcities. This can compel producers in their attempts to encounter the growing demand for clean tags and natural antioxidant ways, disturbing the capacity to completely capitalize market on this trend.

Food Antioxidants Market Highlights

Report Attribute Key Statistics
Market Revenue in 2024 USD 2.27 Billion
Market Revenue by 2033 USD 4.04 Billion
Market CAGR 6.6% from 2024 to 2033
Quantitative Units Revenue in USD million/billion, Volume in units
Largest Market Asia-Pacific
Base Year 2023
Forecast Period 2024 to 2033
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Top companies in the food antioxidants market

  • DuPont
  • Archer Daniels Midland Company
  • Koninklijke DSM NV
  • Kemin Industries
  • Camlin Fine Sciences
  • Kalsec Inc.
  • Barentz Group
  • Adisseo
  • BTSA Biotechnologias Aplicadas, S.L.
  • Eastman Chemical Company

Recent Development in the Food Antioxidants Market by Kemin Industries

  • In May 2024, Kemin Industries, which is a global biotechnology company with sales and manufacturing facilities, announced the European Commission had authorized its request to use rosemary extract as a functional additive/antioxidant in dog and cat food.

Recent Development in the Food Antioxidants Market by Kalsec Inc.

  • In August 2022, Kalsec Inc., which is a global company that provides a full portfolio of high-quality, natural food and beverage ingredients for savory food and brewed beverage applications, partnered with Infinome Biosciences to give naturally sourced and innovative ingredients with superior quality.

Regional Insights

North America is expected to witness the fastest CAGR during the forecast period. In the North American region, the food antioxidants market is observed by the constant development of natural and clean-tag foodstuffs. Health-aware customers are driving the mandate for antioxidant-rich food items and drinks, and there is a prominent emphasis on transparency in the ingredient lists. Moreover, the region is observing growth in functional food items and nutraceuticals, integrating antioxidants to point to specific health requirements. The supervisory landscape in the North American region inspires revolution in antioxidant preparations that provide clean tags and health-concerned choices for customers.

Asia-Pacific dominated the food antioxidant market in 2023 because of the population that is progressively health-aware and relishes higher nonrefundable incomes. Therefore, there is a growing demand for useful food items and products developed with antioxidants, causing the health and well-being objectives of customers. Asia Pacific has countries like India, China, and Japan, which are known for their rich variety of herbs and medicinal plants, which contribute to the growth of the market. Not only are antioxidants utilized in these countries, but they also export the products to other countries.

Market Potential and Growth Opportunity

Rising health awareness upsurges the market opportunities

The food antioxidants market is facing a considerable increase in requests because of the rising population of health-aware customers. These personalities are progressively dedicated to preparing more health-aware food choices. Antioxidants, recognized for their capability to fight oxidative pressure and endorse overall comfort, have increased extensive appreciation. Therefore, customers vigorously search for food and beverage items enhanced with these beneficial components. This rising health awareness assists as a catalytic agent, driving producers to mix antioxidants into a varied collection of products, comprised of snacks, beverages, and food supplements. This addition not only addresses customer choices but also boosts a strong demand in the market for antioxidant-imbued offerings.

Food Antioxidants Market News

  • In March 2024, SI Groups, which is a global developer and manufacturer of performance additives, pharmaceuticals, process solutions, and chemical intermediates, announced that the FDA (Food & Drugs Administration) approved phosphite antioxidants WESTON 705 and WESTON 705T. The Food Contact Notification extended the use of phosphite antioxidants to polyethylene terephthalate (PET) polymers.
  • In April 2024, CB Therapeutics, which is a company focused on the research, development, discovery, and production of cannabinoids, tryptamines, and other molecules and compounds to advance Neuroscience and bring therapeutics to market, announced the introduction of natural food and product colors, coupled with potent antioxidants.  

Market Segmentation

By Type

  • Synthetic
  • Natural

By Form

  • Dry
  • Liquid

By Application

  • Meat & Poultry
  • Bakery & Confectionery
  • Fats & oil, Fish
  • Pet Food
  • Others

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