DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Food Antioxidants Market by Type (Natural, Synthetic), Form (Dry, Liquid), Source (Plant, Petroleum), Application (Fats & Oils, Prepared Foods/Meat/Poultry, Beverages, Bakery & Confectionery, Seafood), and Region - Global Forecast to 2022" report to their offering.
The global food antioxidants market is projected to grow significantly from an estimated value of USD 1.16 billion in 2017 to USD 1.48 billion by 2022, at a CAGR of 5.10%.
The food antioxidants market has been gaining importance due to its extensive use in the prepared foods & beverages industry wherein the food antioxidants are used to increase the shelf life of processed snacks, dairy products, meat, poultry, seafood, beverages, and bakery products by preventing oxidative damage and rancidity of the these processed food & beverage products.
An increase in the purchasing power of the global population can also be attributed to the growth of the food antioxidants market. High cost of natural food antioxidants and safety issues with synthetic food antioxidants may lead to apprehensions related to the use of food antioxidants. Limited awareness about the use and benefits of food antioxidants may also affect the market growth of food antioxidants.
The application of food antioxidants in the prepared meat & poultry industry accounted for the largest share in 2015, and is projected to grow at the highest CAGR through 2022. Busier lifestyles, growth in disposable income and more women entering the workforce are the key reasons driving the market for convenience-based products such as prepared meat & poultry.
Synthetic antioxidants accounted for the largest market share in 2015. Emerging economies mostly rely on synthetic antioxidants due to their considerably lesser cost compared to natural antioxidants. However, natural antioxidants are gaining importance in the market and this segment is expected to grow with a much higher CAGR compared to that of synthetic antioxidants.
- Growth in the Prepared Food Industry
- Increasing End-Use Applications of Food Antioxidants
- Increase in Purchasing Power/Growth in Middle-Class Population
- High Cost of Natural Food Antioxidants/Safety Issues With Synthetic Food Antioxidants
- Limited Awareness About the Benefits of Food Antioxidants
- Growing Demand in Emerging Economies
- Stringent Government Regulations in Developed Countries
- Increase in Packaging Costs Due to Multi-Page Labeling
- Archer Daniels Midland Company
- BASF SE
- Barentz Group
- Camlin Fine Sciences, Ltd.
- E.I. Du Pont De Nemours and Company
- Eastman Chemical Company
- Frutarom, Ltd.
- Kalsec Inc.
- Kemin Industries, Inc.
- Koninklijke DSM N.V.
For more information about this report visit http://www.researchandmarkets.com/research/vnmhcs/food_antioxidants