Food Antioxidants Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast By - 2033
- PUBLISHED ON
- 2023-06-02
- NO OF PAGES
- 291
- CATEGORY
- Chemicals & Materials
Food Antioxidants Market size was valued at USD 2,400 million in 2022 and is projected to reach USD 3,700 million by 2033, growing at a CAGR of 7.5% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 2,400 million |
Market Forecast in 2033 | USD 3,700 million |
CAGR % 2023-2033 | 7.5% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Roche Diagnostics; BD (Becton, Dickinson and Company); Johnson & Johnson; Abbott Laboratories; Ascensia Diabetes Care; Owen Mumford; Terumo Corporation; Ypsomed; Sarstedt AG & Co. KG; ARKRAY, Inc. |
Food Antioxidants Market- Description
Consumers are increasingly opting for natural antioxidants derived from plant sources, such as rosemary, green tea extract, and grape seed extract. These natural antioxidants are seen as healthier alternatives to synthetic antioxidants like BHA (butylated hydroxyanisole) and BHT (butylated hydroxytoluene), which have raised concerns about their long-term effects on health.
Food Antioxidants market: Key Trends
• Rising Demand in Developing Markets
The food antioxidants market is expanding in developing regions, such as Asia-Pacific and Latin America, due to factors like urbanization, changing lifestyles, and increasing disposable incomes. These regions are witnessing a shift towards processed and packaged foods, creating a greater need for effective antioxidant solutions.
• Innovation and Research
There is ongoing research and development in the food antioxidants market to discover new and more effective sources of antioxidants. Scientists are exploring plant extracts, marine sources, and even waste materials from food processing as potential antioxidant ingredients.
Food Antioxidants market: Segmental Analysis
By Source
• Fruits & Vegetables
• Oils, Spices & Herbs
• Botanical Extracts
• Gallic Acid & Petroleum
By Application
• Fats & Oils
• Prepared Meat & Poultry
• Bakery & Confectionery
Food Antioxidants market: Geographical landscape
Food Antioxidants Market- Recent Developments
Food Antioxidants Market: Key Companies
• BD (Becton, Dickinson and Company)
• Johnson & Johnson
• Abbott Laboratories
• Ascensia Diabetes Care
• Owen Mumford
• Terumo Corporation
• Ypsomed
• Sarstedt AG & Co. KG
• ARKRAY, Inc.
• Others
Food Antioxidants Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The global Food Antioxidants market size was valued at USD 2,400 million in 2022 and is projected to reach USD 3,700 million by 2033, growing at a CAGR of 7.5% during the forecast period.
What are the drivers shaping various markets?
Innovation and Research: -There is ongoing research and development in the food antioxidants market to discover new and more effective sources of antioxidants. Scientists are exploring plant extracts, marine sources, and even waste materials from food processing as potential antioxidant ingredients.
Who are the key competitors of market Players?
Some of the major players operating within the market are Roche Diagnostics; BD (Becton, Dickinson and Company); Johnson & Johnson; Abbott Laboratories; Ascensia Diabetes Care; Owen Mumford; Terumo Corporation; Ypsomed; Sarstedt AG & Co. KG; ARKRAY, Inc.
What are the top performing segments, and countries / regions of each of the markets?
Europe is another prominent region in the Food Antioxidants market. The region's strict food safety regulations and emphasis on natural ingredients in food products have propelled the demand for antioxidants. Moreover, the rising trend of organic and natural food consumption among European consumers fuels the market growth.
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