Global Antioxidants Market: Snapshot
An antioxidant is useful in increasing the shelf life of food products by preventing their oxidation which results in fat rancidity and color changes. They not just help in extending shelf life of food products but are also used as additives in cosmetics and animal to thwart damage to cells and lessen singlet oxygen. The global market for antioxidants is powered primarily by the soaring demand for cosmetics and other skincare products such as anti-aging creams and lotions. Antioxidants prevent the skin from aging by lessening the formation of radicals in the skin and protecting the cell membranes. Besides, the spike in consumption of meat worldwide on account of a burgeoning population has also provided a major fillip to their market.
As per a report by Transparency Market Research, the global market for antioxidants will likely reach a value of US$3.11 bn by 2020 in terms of revenue. Vis-à-vis volume, it would attain a value of 103.3 thousand tons by 2020.
Synthetic Antioxidants Outsell their Natural Counterparts due to Easy Availability
Antioxidants can be broadly segmented into two types – synthetic and natural. Both find application in the feed industry. Synthetic antioxidants are manmade and find application in stabilizing fat, oil, and lipid-containing feed and are primarily phenolic. Such phenolic derivatives are comprised of more than one methoxy or hydroxyl groups. Ethoxyquin is the sole compound containing heterocyclic and Nitrogen (N) which find application in animal feeds.
Natural antioxidants, as opposed to synthetic oxidants, occur naturally in food and feed ingredients. Some natural antioxidants, namely vitamin C, vitamin E, and carotenoids aid in bringing down the risk of cancer and heart disease by preventing the formation of free radicals. Natural antioxidants also find application in formulating cosmetics, including anti-aging products.
Easy availability of synthetic antioxidants such as BHA, BHT, propyl gallates, and EDTA is predicted to dampen demand for natural antioxidants in the foreseeable future. However, rising demand for natural antioxidants in particular applications such as in coloring agents will likely help to overcome the roadblock.
Depending upon technology, the global market for antioxidants can be classified into radiography testing, ultrasonic testing, electromagnetic testing, and visual testing, among others, including magnetic particle testing and liquid penetrant testing. Depending upon end use industry again, the market for antioxidants can be segregated into automotive industry, power generation industry, aerospace and defense industry, and oil and gas industry. There are others too such as plastic and polymer and medical.
Powered by India and China, Asia Pacific Emerges as a Key Market
From a geographical standpoint, Asia Pacific is a key region whose market is expected to expand at a healthy clip in the upcoming years. The market in Asia Pacific, in particular, is fragmented because of a large unorganized sector of natural antioxidants manufacturers in the region. The growth in Asia Pacific, driven by the fast-expanding populous and emerging economies of India and China, is mainly on account of the increasing health concerns and a growing demand for healthier dietary supplements.
Europe and North America are other crucial antioxidants markets. Other emerging economies too are experiencing a swift expansion in their markets. Brazil in South America is one such nation. With growing per capita income that has resulted in a shift in dietary preferences, the nation is seeing phenomenal growth in the market.
Overall, the global antioxidants market is choc-a-bloc with players of different sizes. Some of the noteworthy names in the market are Vitablend Nederland B. V. Naturex S.A and Nutreco N.V., ADM, Kemin Industries, BASF, DuPont, Kalsec Inc., Cargill Incorporated, and Koninklijke DSM N.V.
Global Antioxidants Market: Overview
With the increasing meat consumption worldwide, the demand for antioxidants is expected to rise as well. Antioxidants are deemed necessary to prolong the shelf-life of packed foods or other food products by protecting them against oxidation such as color changes and fat rancidity. Due to the rising application of antioxidants in foods, cosmetics, and animal feed additives, Transparency Market Research (TMR) predicts strong growth for the global antioxidants market.
Currently two most common types of antioxidants available in the market are synthetic and natural. For the purpose of the study, the global antioxidants market is also segmented in terms of technology, end use, and geography, besides the aforementioned product type.
The report provides a granular analysis of the various factors promoting or hindering the market’s growth between 2014 and 2020. Besides this, the regulatory policies that have been encouraging the uptake of antioxidants across diverse applications, have been analyzed as well. The report provides an executive-level blueprint of the vendor landscape in the market. For the purpose of which it also profiles the leading companies operating therein.
Global Antioxidants Market: Trends and Opportunities
Besides the increasing meat consumption, the global antioxidants market is significantly gaining from the rising demand for anti-aging products. With people around the world becoming more concerned towards ensuring the longevity of their youth and beauty, the market for products promising to reverse the signs of aging is expected to grow, thus providing impetus to the global antioxidants market.
TMR forecasts the global antioxidants market to exhibit a CAGR of 5.6% between 2014 and 2020 to reach US$3.1 bn by the end of 2020. With age, skin tends to start losing its defense against weather and pollution. This often leads to the appearance of wrinkles and other signs of aging. As premature aging becomes a concern of paramount important among young adults, TMR forecasts the demand for antiaging products to increase, thus propelling the growth of the antioxidants market in response. Antioxidants are proven remedies for skin aging. They protect the cell membranes and reduce the formation of radicals.
The global economic slowdown had little impact on the antioxidants market. This implied sustainable growth for the feed additives market during the forecast period. However, the paradigm shift in eating patterns among consumers could affect the market’s growth across certain regions. Nevertheless, with the rising population meat consumption is also expected to increase around the world, thus creating opportunities for the global antioxidants markets growth in the near future.
Global Antioxidants Market: Regional Outlook
Regionally, the global market has been segmented into Asia Pacific, Europe, North America, and Rest of the World. The market is at present witnessing robust growth in Asia Pacific, followed by Europe and North America. The increasing concerns pertaining to health problems and the rising demand for healthier diet have been creating lucrative opportunities for enterprises in the antioxidants market in Asia Pacific.
Companies Mentioned in the Report
To study the vendor landscape of the market, the report has profiled companies such as BASF, ADM, Kemin Industries, Koninklijke DSM N.V., Aland (Jiangsu) Nutraceutical Co., Ltd, Kalsec Inc., DuPont, Cargill Incorporated, and others. Their recent developments and historical roadmap have been studied in the report in detail.
The global antioxidants market is segmented as:
- Natural Antioxidants
- Rosemary Extracts
- Vitamin A
- Vitamin C
- Vitamin E
- Synthetic Antioxidants
- Butylated hydroxyanisole (BHA)
- Butylated hydroxytoluene (BHT)
- Ultrasonic testing
- Radiography testing
- Visual testing
- Electromagnetic testing
- Others (including magnetic particle testing, and liquid penetrant testing)
- North America
- Asia Pacific
- South Korea
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments