The global natural antioxidants market size was estimated worth USD 1.24 billion in 2017. Rising consumer awareness regarding the benefits of natural oxidants is expected to drive global sales over the forecast period.
Natural antioxidants are additives that are capable of reducing the oxidation reaction in food which in turn, helps to prevent the food from turning rancid for a longer period of time. Antioxidants are found in many naturally occurring foods and plants. Consumption of these foods can reduce the free radicals produced in the body, thus preventing the body from several diseases. Thus, growing usage of natural antioxidants in food & beverage and pharmaceutical applications is projected to augment the global natural antioxidants market size over the forecast period.
The global Natural Antioxidants market size is expected to reach close to USD ~3.6 Bn by 2029 with an annualized growth rate of ~6.0 % through the projected period.
Antioxidants are regarded as substances that slow down or prevent the damage caused by free radicals to cells. Free radicals are unstable molecules produced by the body while digestion or as a reaction to external environmental pressures. These free radicals damage the cells which can cause oxidative stress which is linked to several health ailments such as heart disease, arthritis, cancer, immune deficiency, and other inflammatory conditions. Thus, antioxidants play a critical role by minimizing the effects of these harmful radicals and boost the overall health.
Antioxidants can be natural or produced synthetically. Initially, synthetic antioxidants were widely consumed across the globe. But as the trend for using natural products has increased, natural antioxidants are gaining immense popularity. Plant-based foods such as vegetables and fruits are regarded as the best source of natural antioxidants. Some of the popular natural antioxidants are vitamin A, vitamin C, vitamin E, lutein, beta-carotene, lycopene, selenium, zeaxanthin, manganese among several others
Natural antioxidants, due to its suitability and beneficial properties, find application across a wide array of industries. Natural antioxidants are now a dominant phenomenon in the food industry, where, it is used as a preservative and an additive. Oxidation has a profound impact on food quality resulting in degradation in nutritional value and appearance owing to which the need for these food additives have significantly increased over the years. With a shift in consumer lifestyle, the need for food products with longer shelf life has significantly increased. Also, an increase in skepticism of consumer-related with the negative impact of synthetic antioxidants propelled the global natural antioxidants market demand. The global natural antioxidant market demand for food applications was 7.4 kilo tons in 2017.
Natural antioxidants such as vitamin C, vitamin E, polyphenols and carotenoids are also widely used in pharmaceutical supplements. Increased consumer spending on healthcare coupled with favorable government initiatives is projected to augment the demand for natural antioxidants market. The pharmaceutical industry is projected to dominate the global natural antioxidants market share accounting for 42.8% of the overall demand by 2025, whereas, the food industry is poised to show the fastest growth over the forecast period.
However, the global antioxidants industry is currently dominated by synthetic antioxidants. Abundant availability, ease of manufacturing process and cheap prices are the key reasons supporting their demand which is among the major impediment for the growth of the global natural antioxidants market size. Natural antioxidants are now being rapidly adopted and utilized by the cosmetics industry in skincare, haircare and makeup products. This is among the latest trend observed in the market. Also, the demand for more personalized and diversified products has increased significantly over the past few years.
Presently, Europe and North America together accounted for 60.6% of the global natural antioxidants market share, in terms of revenue, in 2017. Asia Pacific is poised to show the highest growth during the forecast period. Factors such as the expansion of the pharmaceutical and food industry in the region, coupled with growing health consciousness are some of the key factors to augment the demand for natural antioxidants market in the region. The Middle East & Africa is poised to show stable growth whereas Central & South America is expected to witness lackluster growth owing to relatively weaker economic conditions and consumption trends.
Royal DSM N.V., Archer Daniels Midland Company, Prinova Group LLC, DuPont-Danisco, ADEKA CORPORATION, and SI Group, Inc. are some of the key players in the global natural antioxidants market. Product differentiation is one of the key strategy followed by players in the global natural antioxidants market.
Natural Antioxidants Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2032||USD ~3.6 Bn|
|Growth Rate||CAGR of ~6.0 % during 2022-2032|
|Segment Covered||By Product, Nature, Source, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||ASF SE, Ajinomoto Co Inc, Naturex S.A., Adisseo France SAS, The Archer Daniels Midland Company, I. du Pont de Nemours and Company, A & B Ingredients Inc, Hansen A/S, Koninklijke DSM N.V., Cargill, and Ingredients Inc.|
Key segments of the global natural antioxidants market
Product Type Overview, (USD Million) (Tons)
- Vitamin C
- Vitamin E
End Use Overview, (USD Million) (Tons)
- Food Products
- Animal feed
Regional Overview, (USD Million) (Tons)
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Central & South America
- Middle East & Africa