Antioxidants are molecules which inhibits the oxidation process. Food antioxidants is a class of antioxidants which have the property of preventing oxidation of food products thereby increasing their shelf-life. Most common antioxidant used in the food industry are butylated hydroxyanisole and butylated hydroxytoluene. Synthetic antioxidants have shown a downfall as compared to the natural ones because of the health benefits associated with them. Additionally, natural antioxidants provide longer shelf life to the product and hence is extensively used in meat industry. Increasing consumption needs of ready to eat food and products with higher shelf life is anticipated to escalate the market demand for food antioxidants on a global level. Food antioxidants in synthetic or natural forms are extensively used in the food industry for this purpose. Increasing health awareness among consumers have a positive impact on natural food antioxidant market.
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The inclination of consumers towards consumption of ready to eat food in food and beverage industry has brought up a new market for the use of antioxidants in the industry. It has gained popularity in the convenience food industry by its multiple applications such as to increase the shelf life, nutrition and product appearance. However, use of synthetic antioxidants have raised a concern because of its safety issues which might hamper the market of synthetic antioxidants over the forecast period.
Food antioxidants market is segmented on the basis of type, comprising of natural and synthetic. Among them, synthetic antioxidants occupy a major share in the market because of low cost and high production capacity. Food antioxidants market is segmented on the basis of sources, comprising of fruits & vegetables, nuts & seeds, oils & petroleum, spices & herbs, others. Among them, oils & petroleum occupy a major share in the market because of wide range use and ease of availability which has increased the market for use of petroleum based antioxidants to increase the shelf life of food products. Food antioxidants market is segmented on the basis of application, comprising of Fats & Oils, Processed Foods, Beverages, Bakery & Confectionery, Meat & Poultry and others. Among them, meat & poultry occupy a major share in the market because of easy degradation of these products which has increased the market for use of food antioxidants to increase the shelf life of food products.
The global food antioxidants market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, Asia Pacific is estimated to retain its dominance throughout the forecast period of 2017-2023. The increasing consumer awareness and regulatory laws are considered to be one of the significant reasons for the rising growth in use of natural food antioxidants based products in the Asia Pacific market. However, North America region is estimated to witness a maximum growth in the global food antioxidants market during the forecast period 2017-2023. Browse the market data and information spread across 110 pages with 15 data tables and 16 figures of the report “Food antioxidants market demand segmentation by type Application Sources Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/food-antioxidants-market-4534
Key Players and Competition Analysis
The key players profiled in the food antioxidants market are Archer Daniels Midland (the U.S.), BASF SE (Germany), E.I. du Pont de Nemours and Company (the U.S.), Cargill Inc. (the U.S.), Eastman Chemical Company (the U.S.), Frutarom Ltd. (Israel), Kemin Industries, Inc (the U.S.)
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