The Food Antioxidants Market Size was valued at USD 1.55 billion in 2022. The food antioxidants market industry is projected to grow from USD 1.63 Billion in 2023 to USD 2.25 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.47% during the forecast period (2023 - 2030). The increasing use of food antioxidants in various food products to extend shelf life and rising demand for natural and synthetic food antioxidants in the food and beverage industries worldwide are the key market drivers impacting food antioxidants market share growth.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Antioxidants are gaining popularity in the food and beverage industries and are now regarded as important additives. The growing consumer awareness of the additive's benefits in preventing chronic diseases such as diabetes has resulted in widespread use. The rising demand for and consumption of processed foods containing a high concentration of antioxidant compounds has impacted market growth. Its presence prolongs the food's shelf life by preventing oxidation. The growing working population and people's fast-paced lifestyles have resulted in an increased reliance on processed foods. According to the 2019 Bureau of Labor Statistics, the working population in the United States increased from 64.4% in 2019 to 64.9% in 2020.
Moreover, functional foods are gaining traction, and consumers are looking for high-protein, nutrient-dense superfoods. These parameters influence manufacturers to develop new products and implement new technologies. For example, in February 2019, Kemin Industries, Inc. developed novel and enhanced naturally derived antioxidant compounds using Power-packed Molecule technology that offers similar levels of food protection as conventional ones but with lower dosage amounts to provide substantial savings in costs. Furthermore, the growing population, higher demand for processed foods, and rapid growth in the pharmaceutical sector will help drive the food antioxidants market CAGR over the forecast period. Consumer demand for anti-aging products has gradually increased the use of these compounds in a wide range of cosmetic products. These products protect human cells from inflammatory and aging damage, driving the food antioxidants market revenue.
Based on types, the food antioxidants market segmentation includes natural and synthetic. The synthetic segment held the majority share in 2022, contributing to around ~71-73% of the food antioxidants market revenue. Tert-butyl hydroquinone (TBHQ), butylated hydroxytoluene (BHT), propyl gallate (PG), and butylated hydroxy anisole (BHA) are all being used more frequently in the production of a variety of food products, which is responsible for the growth. Synthetic antioxidants are made of various chemicals and created using a standard industrial process. As a result, the governments of many countries have imposed strict regulations on its use as an additive. Synthetic food antioxidants are widely used to extend the shelf life of food products and improve their texture, color, and fragrance.
Figure 1: Food Antioxidants Market, by Type, 2022 & 2030 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Further, the natural segment is anticipated to witness the highest CAGR in the food antioxidants industry during the forecast period. Natural antioxidants come from organic sources like plants, animals, fruits, herbs, and spices and do not result from conventional chemical reactions. Natural antioxidants include alpha-tocopherol, vitamins C & E, ascorbic acid, carotenoids, and rosemary extracts. The growing desire to live a healthy lifestyle has increased the demand for naturally extracted antioxidants. Growing concern about the effects of chemicals on health is expected to drive demand for natural food antioxidants in the coming years.
Sources have bifurcated the food antioxidants market data into laboratory fruits & vegetables, nuts & seeds, oils & petroleum, and spices & herbs. The fruits & vegetables segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period 2022-2030. The high share is due to the growing use of powder-based antioxidants in packaged foods. Technical-grade powders are widely used in a variety of food products. The powder mitigates the effects of free radicals and can substantially reduce the damage they cause. Most food antioxidants are in powder, tablet, flakes, or granular form. The increasing prepared food sector will drive demand for fruit and vegetable-derived antioxidants in the coming years.
The food antioxidants industry has been segmented based on application into fats & oils, processed foods, beverages, bakery & confectionery, meat & poultry, and others. Meat & poultry held the most prominent segment share in 2022. The increase is driven by rising meat consumption and related food products. Meat and poultry are considered rich sources of protein, which humans require for a balanced diet. Consumption of meat and poultry products provides adequate protein to human bodies. The meat segment typically includes red meat, such as pork, lamb, and beef. The rising popularity of poultry meat due to its low price is expected to be the primary driver of the poultry market's growth. Meat and poultry products are also sold in packaged form, which can be stored for a long time and consumed as needed. Food antioxidants protect the meat from fungi and bacteria and extend the shelf life of meat and poultry products. Growing meat and poultry consumption for health reasons is expected to drive demand for food antioxidants in the upcoming years.
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific Food Antioxidants market accounted for USD 0.7 billion in 2022 and will likely exhibit a significant CAGR growth over the study period. The high proportion is due to the rising population in countries such as China, India, and Japan. China was the world's largest food producer, with a total output value of USD 1.56 trillion, as reported by the Food & Agriculture Organization (FAO). The country's increasing population is the primary driver of China's food market. India is Asia's second most populous country, which contributes to rising food consumption. The COVID-19 strike has had a significant impact on Asia Pacific. The region's health crisis has raised awareness about the importance of eating healthy foods. The rising population and increased food consumption will boost the demand for antioxidants in the coming years.
Further, the major countries studied in the market report are the U.S., Germany, Canada, France, the UK, Spain, Italy, Japan, India, Australia, China, South Korea, and Brazil.
Figure 2: FOOD ANTIOXIDANTS MARKET SHARE BY REGION 2022 (%)
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
The European food antioxidants market has the second-largest market share, owing to increased awareness of the health benefits of antioxidants. In Europe, prepared food consumption has increased due to rapid economic growth and rising disposable income. The increasing reliance on prepared foods is expected to drive up demand for food antioxidants in Europe over the coming years. Further, the German food antioxidants market held the largest market share, and the UK food antioxidants market was the fastest-growing market in the European region.
The North American Food Antioxidants Market is expected to grow at the fastest CAGR from 2022 to 2030. The high share can be attributed to consumer lifestyles in countries such as the United States and Canada. In North America, most people are employed as professionals, which places a heavy reliance on prepared foods. Besides, the difficult COVID-19 situation in the United States has forced the population to eat healthily to immunize their bodies to fight against the virus. Food antioxidants keep food fresh for a long time and keep free radicals from forming in the human body. This factor will likely drive demand for the North American food antioxidants market in the coming years. Moreover, the Canadian food antioxidants market held the largest market share, and the U.S. food antioxidants market was the fastest-growing market in the North American region.
Major market players have contributed to the growth by improvising and utilizing new, highly advanced technologies for creating antioxidant blends. The food antioxidants industry is highly fragmented due to large regional and domestic players in various countries.
The food antioxidants market major players, such as BASF SE, Cargill Inc, Frutarom Ltd, Kemin Industries Inc, and others, are increasingly pursuing merger and acquisition strategies to diversify their product portfolios and expand operations in new geographies. Mergers and acquisitions provide opportunities for growth in the food antioxidants industry by expanding geographically and product portfolios. With substantial market developments like introducing novel products, binding contracts, mergers & acquisitions, increased R&D investments, and collaborative projects with other organizations, market participants are also undertaking various strategic initiatives to expand their footprint.
Cosphatec GmbH company stabilizes modern and natural cosmetics using only skin-friendly raw materials. Since its inception in 2005, the company has concentrated on alternative preservatives for natural cosmetics. Cosphatec GmbH introduced Cosphaderm Tapmix, a cutting-edge, environmentally friendly antioxidant blend, in April 2021. This new natural food antioxidants blend has distinct properties for maximum product protection and ease of use.
Also, Kemin Industries, a leading ingredient manufacturer, paid an undisclosed sum in April 2021 to acquire Proteus Industries Inc. Kemin expects to broaden its portfolio with this acquisition, which includes clean-label phosphate alternatives, meat block replacements, and fat block solutions, as well as Proteus' technology and human resources. Proteus Industries, a producer of food ingredients, create clean-label protein ingredients.
Food Antioxidants Industry Developments
In 2023: Kemin Industries, Launched a new line of rosemary extract-based antioxidants for meat products, offering a natural alternative to synthetic preservatives
April 2021: For the organic livestock production sector in the EMEA (Europe, Middle East, North Africa) region, Kemin Industries has introduced Paradigmox Green, a new antioxidant solution.
October 2020: Barentz announced the purchase of Maroon Group, one of North America's leading distributors of chemical products (CASE and HI&I) and life science ingredients. With this acquisition, the company could further solidify its position in North America and establish itself as a leader in the life science and larger specialty chemical sectors.
Food Antioxidants Market Segmentation
Food Antioxidants Type Outlook
Food Antioxidants Source Outlook
Food Antioxidants Application Outlook
Food Antioxidants Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.55 billion |
| Market Size 2023 | USD 1.63 billion |
| Market Size 2030 | USD 2.25 billion |
| Compound Annual Growth Rate (CAGR) | 5.47% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Source, Application, and Region |
| Geographies Covered | Europe, Asia Pacific, North America, and the Rest of the World |
| Countries Covered | The U.S., Germany, Canada, the UK, Italy, France, Spain, Japan, India, Australia, China, South Korea, and Brazil |
| Key Companies Profiled | Archer Daniels Midland, BASF SE, Kemin Industries Inc, Cargill Inc, Eastman Chemical Company, Frutarom Ltd, E.I. du Pont de Nemours & Company |
| Key Market Opportunities | Increasing use of food antioxidants in a variety of packaged foods and prepared meals |
| Key Market Dynamics | Growing urbanization & increasing meat consumption |
Food Antioxidants Market Highlights:
Frequently Asked Questions (FAQ) :
The food antioxidants market size was valued at USD 1.55 Billion in 2022.
The market is projected to grow at a CAGR of 5.47% during the forecast period, 2022-2030.
Asia Pacific had the largest revenue share of the market.
The key players in the market are Archer Daniels Midland, BASF SE, Kemin Industries Inc, Cargill Inc, Eastman Chemical Company, Frutarom Ltd, and E.I. du Pont de Nemours & Company.
The synthetic category dominated the market in 2022.
Meat & poultry had the most significant market share.
Research Analyst Level II I have about two years of experience working in the consumer goods and retail industries and i am a biotech graduate.a tech-savvy analytically focused professional with a strong capabilities in identification, concept generation, and strategy evaluation. i can produce data-driven solutions while fusing unusual viewpoints with original concepts. i have been extensively working on business case studies, competitive & comparative analyses, and strategic reports. my primary areas of experience include client management, financial analysis, supply chain evaluation, market entry strategy evaluation, and estimating and forecasting market size.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
