Natural Antioxidants Market Research Report: by Source (Vitamin C, Vitamin E, Polyphenol), Application (Bakery & Confectionery, Dairy & Frozen Desserts, Beverages, Meat Products, Sweet & Savory Snacks and Sports Nutrition) and Region - Forecast till 2023
Pune, India -- (SBWIRE) -- 06/11/2018 -- Market Overview:
Natural antioxidants market is projected to grow at a CAGR of 9.2% over the forecast period. Natural oxidants are naturally sourced additives capable of delaying or preventing the rancidity of food due to oxidation, which also assist in lengthening the shelf-life of the products. They are abundantly available in in a wide of natural sources including plants, fruits, meats, herbs, and spices. Natural antioxidants is gaining popularity in various industries such as bakery & confectionery, dairy & frozen desserts, beverages, oil and fats, sweet & savory snacks, sports nutrition which is driving the growth of the market.
Asia Pacific is dominating the natural antioxidant market and is projected to be the fastest growing natural antioxidants market over the forecast period 2017-2023. India, China, and Australia are the major contributors in this market. Changing lifestyle and changing consumption pattern is driving the growth of the natural antioxidants market in this region. High inclination of consumers towards organic personal care products in India is boosting the application of natural antioxidants in personal care industry.
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Expansion of food and pharmaceutical industry in this region is a supportive factor for the growth of natural antioxidants market in this region. Moreover, China is the major producer and consumer of vitamin C market which is having a positive impact on the growth of the market. Additionally, rising demand for ready to eat foods among the population of developing countries is boosting the growth of the market. However, cheap substitute of natural antioxidant may hamper the growth of the market. Nevertheless, all these factors are expected to contribute to the growth of the Asia Pacific market at a CAGR of 9.8% during the forecast period 2017-2023.
Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major Natural antioxidants players. It further includes product portfolios, developments of leading players, which includes
DuPont Nutrition & Health (Denmark)
Archer Daniels Midland Company (U.S.)
DSM (The Netherlands)
Adisseo (China) and
On the basis of source, natural antioxidants market is segmented into vitamin C, vitamin E, polyphenol, carotenoid and others. Among all, vitamin C is witnessed to be dominating the market followed by vitamin E. Easy availability of vitamin C in the market followed by wide application of vitamin C in various industries is boosting the growth of the market. However, polyphenol based natural oxidants are projected to gain moderate growth over the forecast period.
Based on the application, natural antioxidants is segmented into bakery and confectionery, dairy and frozen desserts, beverages, oil and fats, sweet and savory snacks, sports nutrition, meat products and others. Among all, meat products segment is dominating the market owing to easy degradation of these products. However, the sports nutrition segment is expected to witness a substantial growth in the coming years followed by dairy and frozen desserts market.
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The global Natural antioxidants market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific is witnessed to be dominating the natural antioxidants market. China is the major contributor of natural antioxidants market followed by India. Growing awareness of natural antioxidants and application in various industries is boosting the growth of natural antioxidants market in this region.
North America is projected to be the second largest market followed by Europe. Growing inclination towards functional food and beverages in the U.S. is driving the growth of natural antioxidants in this region. Latin America and MEA is also expected to grow in natural antioxidants market over the estimated period.