Product ID: SQMIG15A2245
Global Antioxidants Market Size, Share, Growth Analysis, By Type(Synthetic and Natural), By Form(Dry and Liquid) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2245 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
59 |
Figures:
75
Global Antioxidants Market Regional Insights
With a revenue share of more than 34% in 2022, Asia Pacific dominated the market. The high percentage can be attributed to the expanding populations of nations like China, India, and Japan. China produced the most food, with an output worth USD 1.56 trillion, according to the Food and Agriculture Organization (FAO). The growth of the Chinese food market is primarily due to the country's rising population. India is the second most populous nation in Asia, which significantly adds to the rise in food consumption. The region-wide health problem has raised awareness of the need to eat healthy meals. Over the anticipated years, an increase in demand for food antioxidants is anticipated due to a growing population and rising food consumption.
In 2022, North America will account for the fastest growing revenue share with a share of over 30%. The high percentage can be attributed to the way of life of customers in various nations. In North America, the majority of individuals are employed as professionals, which places a heavy reliance on prepared foods. Additionally, the terrible COVID-19 situation in the US has forced the public to eat healthily in order to immunize their bodies to combat the virus. Food antioxidants keep the food fresh for a long period and stop the body from producing free radicals. In North America, this aspect is probably going to increase demand for food antioxidants during the coming few years.
Global Antioxidants Market Report Snapshots
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