Synthetic Antioxidants Market Outlook

The synthetic antioxidants are the ingredients used to prevent the product from oxidation. Synthetic antioxidants are used in the products such as food and beverages, animal feed and nutrition, pet care food and others to prevent the product from spoiling. Some of the types of synthetic antioxidants are butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), tertiary butylhydroquinone (TBHQ), and propyl gallate. Manufacturers use synthetic antioxidants in order to increase the shelf life of the products that they offer. Synthetic antioxidants are either useful in preventing the food spoilage or delaying it for a particular time period. The markets that have captured a larger portion in the synthetic antioxidants include the US and Canada, China, India, other Asia Pacific countries, France, UK, and Germany. Some of the major players in the synthetic antioxidants are Kamlin Fine Sciences Ltd., BASF SE, Cargill Animal Nutrition, DuPont Nutrition & Health Pet Food Solutions, Fenchem Inc., Celanese Corporation, Ameri Pac LLC, Kemin Industries, Inc., BioZyme, Inc., BIOTECNOLOGÍAS APLICADAS SL, Caldic USA Inc., Principle Solutions LLC, and Trouw Nutrition USA LLC.

Is something restraining your company’s growth in the Synthetic Antioxidants market? Ask for the report brochure here

Rise in the Food and Beverages Industry Is Driving the Global Synthetic Antioxidants Market

The principal driving factor of the global synthetic antioxidants market is the rapid rise in the overall food and beverages, animal nutrition, and cosmetics industries. The synthetic antioxidants market is rising due to its variety of applications in the number of industries. Synthetic antioxidants are easily available in the market as compared to natural and organic antioxidants which are driving its market at a booming pace. Furthermore, the key role synthetic antioxidants play of increasing the overall shelf life is supporting the growth of the market. Also, the increased use of synthetic antioxidants in the animal nutrition and feed industry is driving the market at a fast pace. The cosmetics industry is rising like never before across the globe. The major European and American countries are entering at large into the emerging markets of Asia Pacific. Moreover, the cosmetics industry is specializing in varied products for babies, men, and women. All these factors together are supporting strong growth in the global synthetic antioxidants market. The main restraints in the global synthetic antioxidants market are the consumers’ shift from synthetic to natural and organic antioxidants which is hindering the overall market at large. There is an increased awareness amongst consumers regarding harmful effects due to the consumption of synthetic antioxidants which is preventing the market. 

Stuck in a neck-to-neck competition with other brands? Request a custom report on competition on Synthetic Antioxidants market here

Global Synthetic Antioxidants Market: Segmentation

On the basis of the type, the synthetic antioxidants market is segmented as:

  • Butylated hydroxyanisole (BHA)
  • Butylated hydroxytoluene (BHT)
  • Tertiary butylhydroquinone (TBHQ)
  • Propyl gallate 

On the basis of the application, the synthetic antioxidants market is segmented as:

  • Food and beverages
    • Vegetable oils
    • Bakery
    • Confectionery
    • Dairy products
    • Fat-soluble vitamins
  • Animal nutrition
    • Animal Fats
    • Animal feed
  • Cosmetics
  • Pharmaceuticals 

Global Synthetic Antioxidants Market: Key Players

Some of the major players in the global synthetic antioxidants market are Kamlin Fine Sciences Ltd., BASF SE, Cargill Animal Nutrition, DuPont Nutrition & Health Pet Food Solutions, Fenchem Inc., Celanese Corporation, Ameri Pac LLC, Kemin Industries, Inc., Principle Solutions LLC, Trouw Nutrition USA LLC, Bill Barr & Co Inc., BioZyme, Inc., BIOTECNOLOGÍAS APLICADAS SL, Caldic USA Inc., Coralim Ingredients & Colours, DMH Ingredients Inc., Elanco Animal Health, FoodSafe Technologies, Infield Market, and Impextraco NV.     Some of these manufacturers are expanding and introducing their businesses and products into new markets by mergers and acquisitions. 

Opportunities for Market Participants

The manufacturers of synthetic antioxidants have numerous opportunities in the market. The increased ready to eat food and beverages market in the developed and fast-moving countries are providing huge opportunities to the global synthetic antioxidants market. The use of synthetic antioxidants in the ready to eat products in order to increase the shelf life of products or to delay the spoilage of the product is rendering opportunities to the manufacturers in the market. The manufacturers have opportunities in bringing up solutions and innovations by carrying vast research and analysis on how to prevent consumers from harming or allergic situations after consuming synthetic antioxidants. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Synthetic Antioxidants Market

Pre Book