February 2019: Adroit Market Research today published their latest market research study on “Global Natural Antioxidants Market Size 2017 By Product Type (Vitamin C, Vitamin E, Polyphenols And Carotenoids), By End-Use (Food Products, Pharmaceutical, Beverages, Animal feed, And Others), By Region And Forecast 2018 To 2025”. The market estimations and forecast given in the market study are for a period between 2015 and 2025 which includes historical trends and market forecast from 2018 to 2025. The natural antioxidants market research report includes qualitative insights such as Porter’s Five Forces analysis, value chain analysis, PESTLE analysis, and raw material outlook. In addition to this, the global natural antioxidants market study highlights industry landscape in terms of drivers, restraints, and opportunities. The natural antioxidants market is also covered along with detailed company analysis of manufacturers.
The global natural antioxidants market size is anticipated to be valued at USD 2.26 billion rising with a noteworthy CAGR of 7.8% over the forecast period. The global natural antioxidants market growth is primarily driven by its high demand from the pharmaceutical and food & beverage sector. Also, increasing consumer inclination for natural ingredients and products is also fueling the natural antioxidants demand globally.
As the modern day consumer understands the importance of natural antioxidants, they are increasingly inclined to adopting the product in food and beverages. Demand for natural antioxidants is dominated by the pharmaceutical industry where they are used in various medicines and supplements. However, the food industry is projected to show the highest growth with CAGR 8.1% over the forecast period within the global natural antioxidants market. With fast-paced lifestyle, food habits have also changed owing to which demand for food with longer shelf life has significantly increased. Thus, growing production of processed food is boosting the demand for antioxidants. Also, inclination for adopting natural ingredients in food is also positively impacting the global natural antioxidants market size.
Owing to beneficial properties of natural antioxidants, application areas of the product are growing. For instance, natural antioxidants such as vitamins are finding increasing usage in the cosmetics industry. With consumer’s appetite for herbal and organic based products, this trend is estimated to have a profound impact on the growth of natural antioxidants industry. The global demand for natural vitamin C & E is expected to exceed 40 kilo tons by 2025.
Asia Pacific is projected to witness the highest growth with revenue CAGR 8.8% over the forecast period. Strong demand from the processed food industry coupled with demand from the pharmaceutical industry due to increasing healthcare expenditure in the region is augmenting the demand for natural antioxidants. Demand for natural antioxidants is projected to witness stable growth in Europe and North America over the forecast period.
Archer Daniels Midland Company, Royal DSM N.V., DuPont-Danisco, Prinova Group LLC, ADEKA CORPORATION, and SI Group, Inc. are some of the major players in the global natural antioxidants market.
Key segments of the global natural antioxidants market
Product Type Overview, 2015-2025 (USD Million) (Tons)
- Vitamin C
- Vitamin E
- Polyphenols
- Carotenoids
End Use Overview, 2015-2025 (USD Million) (Tons)
- Food Products
- Pharmaceutical
- Beverages
- Animal feed
- Others
Regional Overview, 2015-2025 (USD Million) (Tons)
- North America
- U.S.
- Rest of North America
- Europe
- Germany
- UK
- Rest of Europe
- Asia Pacific
- China
- India
- Rest of Asia Pacific
- Central & South America
- Middle East & Africa