Overview:

The global antioxidants market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Antioxidants are the chemical compounds that prevent oxidation process. Hence, are used in many industries such as food and beverages, pharmaceuticals, oil and gas, cosmetics, and others for various applications.

The antioxidants are generally categorized in two type viz. natural antioxidants and synthetic or artificial antioxidants. Antioxidants terminate the chain reaction that produces free radicals and damages the cells.

Market Dynamics:

Growing use of antioxidants among food and beverages industry is a major factor driving growth of the global antioxidants market. Antioxidants play an important role in food and beverages preservation for specific period of time. Also, rising demand for processed food across the globe is another key factor driving demand growth of antioxidants.

In addition, increasing preference for antioxidants rich animal food in dairy industry to increase the milk yield is another major factor supporting market growth. Also, rising trade activity, growing food and beverages export, and increasing demand for antioxidant rich supplements to improve the nutrition are among the other factors propelling growth of the target market.

Moreover, rising automotive sales is resulting in growing demand for fuel and lubricants. This is further expected to drive growth of the global antioxidants market over the forecast period. The antioxidants are used as additives in fuel and lubricants. Antioxidants offer various key benefits in lubricants such as it reduces viscosity, avoid foam formation, protect oil in high temperature, and help to remove contaminants.

Key Trends:

Growing focus on product advancement by key players in the global antioxidants market is a key trend witnessed in the global market. For example, DuPont Nutrition & Health (DuPont de Nemours, Inc.) has announced launch of highly effective and label friendly antioxidant viz. GUARDIAN TOCO 30P in June 2018. This antioxidant is prepared from naturally sourced mixed tocopherols.

Regional Analysis:

For detailed understanding of market dynamics, the global antioxidants market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region dominated the global market in terms of market share in 2019. This is owing to rising trade activity and growing consumption of food and beverages due to presence of high consumer base in countries such as China and India. In addition, growing automotive sales and rising manufacturing industries of pharmaceutical and automotive vehicles are other major factors propelling growth of the target market in the region.

However, target market in North America and Europe is expected to witness significant growth during the forecast period. This is due to, rising demand for antioxidants from various end use application manufacturers such as additives, sealants, and adhesives manufacturers.

Scope of the Report:

Detailed Segmentation:

Global Antioxidants Market, By Product Type:

• Natural Antioxidants
• Synthetic Antioxidants

Global Antioxidants Market, By Application:

• Food and Beverages
• Pharmaceuticals
• Feed Additives
• Others (Cosmetics, Fuel & Lubricant, Adhesives & Sealants, Rubber & Latex, Paint & Coatings)

Key Players Covered:

Key players operating in the global antioxidants market includes DuPont de Nemours, Inc., Cargill Inc., Kalsec Inc., Archer-Daniels-Midland Company, BASF SE, Naturex S.A., Clariant AG, Solvay S.A., Rianlon Corporation, and SI Group, Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Antioxidants Market by product type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global antioxidants market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.