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 Insights

Global Antioxidants Market size was valued at USD 4.41 Billion in 2022 and is poised to grow from USD 4.66 Billion in 2023 to USD 7.21 Billion by 2031, at a CAGR of 5.62% during the forecast period (2024-2031).

Consumer demand for anti-aging treatments is on the rise, which has progressively led to a growth in the use of these compounds in many cosmetic items. These goods shield human cells from inflammation and ageing harm. They are added to a variety of personal care products, including creams, conditioners, shampoos, body lotions, and others, to stop them from spoiling and from going rancid when exposed to oxygen. Vitamin A, vitamin C, butylated hydroxy anisole (BHA), and other antioxidant substances are frequently used in cosmetics. The natural cosmetics market in Europe was valued at USD 4.16 billion, according to the Ministry of Foreign Affairs, and it is expanding at an average rate of 7% each year. The market is expanding as a result of rising consumer demand in Asia and the Middle East for cosmetics that are fortified with nutrients and minerals. In addition to this, it is a crucial component of many pharmacological and cosmetic goods. Also contributing to the market's growth throughout the forecast period (2021-2028) will be the world's growing population, the increasing demand for processed foods, and the pharma industry's explosive rise.

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The market's leading players are committed to developing new products while also making quick investments and merging and acquiring companies. The market's major companies are becoming more innovative, which is fostering a competitive atmosphere for new entrants. 'BASF SE (Germany)', 'Archer Daniels Midland Company (United States)', 'DuPont de Nemours, Inc. (United States)', 'Eastman Chemical Company (United States)', 'Koninklijke DSM N.V. (Netherlands)', 'Kemin Industries, Inc. (United States)', 'Camlin Fine Sciences Ltd. (India)', 'Kalsec, Inc. (United States)', 'Naturex S.A. (France)', 'Vitablend Nederland B.V. (Netherlands)', 'Barentz Group (Netherlands)', 'Aland (Jiangsu) Nutraceutical Co., Ltd. (China)', 'Tianjin Zhongrui Pharmaceutical Co., Ltd. (China)', 'Xi'an Healthful Biotechnology Co., Ltd. (China)', 'Adisseo (France)', 'BTSA Biotecnologías Aplicadas S.L. (Spain)', 'Cayman Chemical Company (United States)', 'Danisco A/S (Denmark)', 'Nature's Bounty Co. (United States)', 'Koninklijke FrieslandCampina N.V. (Netherlands)'

The global population is aging, leading to a higher prevalence of age-related diseases and conditions. Antioxidants are believed to have anti-aging properties and are often recommended to combat oxidative stress and cellular damage associated with aging. This demographic trend is driving the demand for antioxidants in the pharmaceutical and nutraceutical sectors.

There is a growing preference among consumers for natural and clean label products, including antioxidants. Natural antioxidants derived from plant extracts, such as rosemary, green tea, and grape seed, are witnessing increased demand. This trend is driven by the perception that natural antioxidants are safer and healthier alternatives to synthetic counterparts.

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.

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Global Antioxidants Market Size, Share, Growth Analysis, By Type(Synthetic and Natural), By Form(Dry and Liquid) - Industry Forecast 2024-2031

Global Antioxidants Market Insights

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