Food Antioxidants Market Worth US$3.43 Billion by 2028 | BASF SE, DuPont, Barentz Group, etc.


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The growing need to extend the shelf life of food products is driving the growth of the global food antioxidant market to a large extent.

Food Antioxidants Market Size – USD 2.12 Billion in 2020, Market Growth – at a CAGR of 6.2%, Market Trends – Growing Use of Natural Food Antioxidants »

— Emerging research

VANCOUVER, BC, CANADA, June 27, 2022 /EINPresswire.com/ — The global food antioxidant market is expected to reach a market size of USD 3.43 billion at a stable CAGR of 6.2% in 2028, according to the latest analysis. from Emergen Research. This steady growth in income can be attributed to changing consumer preferences, increasing health and wellness concerns, and changing lifestyles. The demand for functional foods has increased due to the increasing prevalence of non-communicable diseases due to weakened immunity. The increasing use of dietary antioxidants for the production of functional foods is expected to drive the growth of the dietary antioxidants market over the forecast period. The growing demand for home food preservation options is another factor contributing to the growing use of food antioxidants in the food and beverage industries.

Growing consumer preference for natural antioxidants is another factor driving the market growth. The growing need to reduce spoilage and prevent spoilage and quality of meat due to microbial growth and lipid oxidation are other key factors contributing to the increasing use of natural antioxidants in meat processing industries. food and drink. Food companies are increasingly using naturally occurring antioxidants to retain flavor and color and to extend the shelf life of processed, fresh, cooked and pre-cooked meats and related products.

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The report also discusses key players involved in the market such as BASF SE, Archer-Daniels-Midland Company, Koninklijke DSM NV, DuPont, Eastman Chemical Company, Kemin Industries, Barentz Group, Camlin Fine Sciences Ltd., Kalsec Inc. and BTSA.

Main information presented in the report:

Market revenue share by major business players, by type, by application, and market scope of the global Food Antioxidants Market

Turnover of the main players and new entrants

Competitive analysis of key players including aspects such as business overview, product or service specifications, suppliers and buyers

Recent mergers, acquisitions, product launches, recent investments and joint ventures

Regional analysis to provide insight into recent trends and opportunities

The report provides comprehensive market details with respect to overall revenue, sales and consumption, price trends, gross margins, growth rate and market size. Additionally, the report also covers company details, such as sales and distribution area, product portfolios, specifications, etc.

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Report Highlights

In January 2020, BASF announced its intention to increase the production capacity of its antioxidant Irganox 1520L by 20% at the Pontecchio Marconi site in Italy. Irganox 1520L is a key product in BASF’s antioxidant portfolio. The expansion is expected to help the company meet the growing demand for antioxidants among its global consumers.

The prepared meat and poultry segment accounted for the largest market share in 2020. The growing need to extend the shelf life of food products and improve food quality is driving the use of food antioxidants in prepared meat and poultry products.

Revenue from the natural antioxidants segment is expected to grow at a rapid CAGR during the forecast period. The health risks associated with the consumption of synthetic antioxidants and the potential toxicological effects are driving the demand for natural antioxidants.

The fruits and vegetables segment accounted for a significantly high revenue share in the dietary antioxidants market in 2020. Health-conscious consumers increasingly prefer natural antioxidants derived from fruits and vegetables.

Asia-Pacific accounted for the largest revenue share of the global dietary antioxidant market in 2020. Food manufacturers in countries in the region are increasingly using dietary antioxidants due to the growing demand from conscious consumers. of their health for food supplements, functional foods and antioxidant-enriched nutritional drinks.

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Emergen Research has segmented the global food antioxidants market based on application, type, source, and region:

Application Outlook (Revenue, USD Billion; 2021-2028)

Prepared food

Seafood

Nutraceuticals

Fats and oils

Plant-based alternatives

Prepared meats and poultry

Bakery & Confectionery

Other Apps

Type Outlook (Revenue, USD Billion; 2021-2028)

Synthetic antioxidants

Natural antioxidants

Source Outlook (Revenue, USD billion; 2021-2028)

Oils

Fruits and vegetables

Spices and herbs

Gallic acid

Botanical extracts

Derived from petroleum

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Regional Outlook (Revenue, USD Billion; 2021-2028)

North America

WE

Canada

Europe

Germany

UK

France

BENELUX

The rest of Europe

Asia Pacific

China

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East and Africa

Saudi Arabia

United Arab Emirates

Rest of MEA

Thank you for reading our report. Please contact us if you have any questions regarding the report or its customization. Our team will ensure that the report is best suited to your needs.

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At Emergen Research, we believe in advancing with technology. We are a growing market strategy consulting and research firm with an extensive knowledge base on cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade.

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Emerging research
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