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(Health-NewsWire.Net, December 03, 2020 ) The Food Antioxidants Market size is estimated to be valued USD 1.3 billion in 2020 and is expected to reach a value of USD 1.8 billion by 2025, growing at a CAGR of 6.0% during the forecast period. It is estimated to account for 52.4 KT in 2020 and is projected to account for 68.1 KT in 2025, growing at a CAGR of 5.4% during the forecast period. Factors such as increasing demand for poultry, changing consumer preferences due to fast-paced lifestyles, and increased need for natural antioxidants in food products is driving the market for food antioxidants during the forecast period.
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The market for food antioxidants, by type, has been segmented into natural and synthetic. Synthetic food antioxidants are synthesized from petroleum-based products. They are used primarily in the food industry to delay lipid oxidation for stabilizing and preserving refined fats & oils within a food system/product.
The prepared meat & poultry segment accounts for the largest share and is also projected to grow at the fastest rate during the forecast period. There has been a significant increase in demand for poultry meat and other byproducts across the globe.
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Leading companies are Archer-Daniels-Midland Company (US), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Kemin Industries, Inc. (US), DuPont (US), Eastman Chemical Company (US), Frutarom Ltd (Israel), Barentz Group (Netherlands), Camlin Fine Sciences (India), Kalsec Inc. (US), BTSA (Spain), VDH Chem Tech Pvt Ltd (India), Vitablend Nederland BV (Netherlands), Advanced Organic Materials (Germany), Crystal Quinone Pvt Ltd. (India), Yasho Industries (India), Fooodchem International Corporation (US), 3A Antioxidants (US), Oxiris Chemicals S.A (Spain), Pharmorgana GmBH (Germany), Guangzhou ZIO Chemicals Co. Ltd (China), Sasol Limited (South Africa), Naturex (France), and Nagase Group (Japan).
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