Global Antioxidants Market Growing at a CAGR of 5.53% During 2015
Deerfield Beach, FL -- (SBWire) -- 09/08/2015 --The Global Antioxidants Market is estimated to be $2.30 billion in 2014 and is estimated to reach $3.54 billion by 2022 growing at a CAGR of 5.53% from 2014 to 2022. The growth of the market is due to increase in demand for Enriched Animal Feed and increase in global meat consumption. Another element responsible for the increasing demand for antioxidants is premature aging due to pollution and other reasons. Whereas lack of consumer education about benefits of antioxidants acts as restraining factors for the market growth.
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Antioxidants Market is segmented by application, by type and by geography. Depending on the various applications, market is segmented into Synthetic Resins, Food and Beverage, Cosmetic, Animal Feed and Fuel Additives. Based on type, market is categorized into Natural antioxidants and Synthetic antioxidants. Natural antioxidants are baked goods, Fish and seafood, Oil, Meat and poultry, Fat and margarines. Synthetic antioxidants are Butylated Hydroxyanisole (BHA), Butylated Hydroxytoluene (BHT), Propyl gallate and Tert-butylhydroquinone (TBHQ). By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific has growing demand for antioxidants market due to increase in need for health and dietary supplements.
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The key players in the Antioxidants Market include Archer-Daniels-Midland Company, Aland (Jiangsu) Nutraceutical Co., Ltd., Cargill, Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Naturex S.A., Nutreco N.V. and ViTablend Nederland B.V.
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