Antioxidants Market Latest Trends, CAGR Status, Growth Opportunities and Forecast 2028

The global antioxidants market size is expected to grow from USD 4.13 billion in 2021 to USD 6.05 billion in 2028. These additives are nowadays being used extensively in multiple cosmetics products, including body lotions, shampoos, conditioners, and creams. BEAUTYLAB, for instance, announced that its Youth Elixir Super Antioxidant Daily Hydrator bagged the Pure Beauty Awards under the Best New Premium Anti-Ageing Product category in November 2019. It helps in protecting the skin from ageing effects. “Antioxidants Market, 2021-2028,” the market stood at USD 3.92 billion in 2020. It is set to exhibit a CAGR of 5.61% in the forecast period “between” 2021-2028.


Fortune Business Insights™ lists out the major manufacturers present in the global market. They are as follows:

BASF SE (Ludwigshafen, Germany)
ICC Industries Inc. (United States)
Kemin Industries Inc. (Iowa, United States)
Archer Daniels Midland Company (Illinois, United States)
Barentz International BV (Hoofddorp, Netherlands)
Kalsec, Inc. (Michigan, United States)
Eastman Chemical Company (Tennessee, United States)
Camlin Fine Sciences Ltd. (Maharashtra, India)
Koninklijke DSM N.V. (Heerlen, Netherlands)
Givaudan (Vernier, Switzerland)
SI Group Plans to Open New Plant for Producing Weston 705-brand Antioxidants in China

In April 2021, SI Group, a leading manufacturer of chemical intermediates, pharmaceutical ingredients, and performance additives based in the U.S. announced its plans to open its new plant in China by May 2021 to produce Weston 705-brand antioxidants. It will help the company to enhance its customer base and broaden its product portfolio in China and Asia Pacific through simplified logistics and compressed lead time.

Trade Barriers Have Resulted in Halt of Production in Asia amid COVID-19 Pandemic

Various manufacturers across the globe have halted their production facilities in Asia because of import and export disruptions in China. Also, restricted public mobility and imposition of trade barriers have resulted in disturbances in the supply chain. For instance, BASF SE stopped manufacturing operations in India. But, the situation would gradually normalize, thereby providing numerous growth opportunities to the market amid the pandemic.

Drivers & Restraints-

Rising Usage of Innovative Meat Preservative Techniques to Bolster Growth

Rapid urbanization, surging population, and high disposable income are constantly aiding the demand for animal products, especially in developing nations. The World Bank Data mentioned in 2020 that 55% of the global population lives in cities. This number is expected to grow rapidly in the near future. At the same time, over the past twenty years, the total meat consumption reached 360 million tons worldwide. Amongst this, 54% rise happened because of the high population growth. Companies are using various meat preservative techniques, such as smoking, drying, and salting. Also, the addition of preservatives and unique thermal treatments would also accelerate the antioxidants market growth. However, new product approvals get negatively impacted because of the rising number of stringent policies put forward by regulatory bodies. It may hamper growth.

Source Link:

https://www.fortunebusinessinsights.com/industry-reports/food-antioxidants-market-100789

Antioxidants Market Latest Trends, CAGR Status, Growth Opportunities and Forecast 2028 The global antioxidants market size is expected to grow from USD 4.13 billion in 2021 to USD 6.05 billion in 2028. These additives are nowadays being used extensively in multiple cosmetics products, including body lotions, shampoos, conditioners, and creams. BEAUTYLAB, for instance, announced that its Youth Elixir Super Antioxidant Daily Hydrator bagged the Pure Beauty Awards under the Best New Premium Anti-Ageing Product category in November 2019. It helps in protecting the skin from ageing effects. “Antioxidants Market, 2021-2028,” the market stood at USD 3.92 billion in 2020. It is set to exhibit a CAGR of 5.61% in the forecast period “between” 2021-2028. Fortune Business Insights™ lists out the major manufacturers present in the global market. They are as follows: BASF SE (Ludwigshafen, Germany) ICC Industries Inc. (United States) Kemin Industries Inc. (Iowa, United States) Archer Daniels Midland Company (Illinois, United States) Barentz International BV (Hoofddorp, Netherlands) Kalsec, Inc. (Michigan, United States) Eastman Chemical Company (Tennessee, United States) Camlin Fine Sciences Ltd. (Maharashtra, India) Koninklijke DSM N.V. (Heerlen, Netherlands) Givaudan (Vernier, Switzerland) SI Group Plans to Open New Plant for Producing Weston 705-brand Antioxidants in China In April 2021, SI Group, a leading manufacturer of chemical intermediates, pharmaceutical ingredients, and performance additives based in the U.S. announced its plans to open its new plant in China by May 2021 to produce Weston 705-brand antioxidants. It will help the company to enhance its customer base and broaden its product portfolio in China and Asia Pacific through simplified logistics and compressed lead time. Trade Barriers Have Resulted in Halt of Production in Asia amid COVID-19 Pandemic Various manufacturers across the globe have halted their production facilities in Asia because of import and export disruptions in China. Also, restricted public mobility and imposition of trade barriers have resulted in disturbances in the supply chain. For instance, BASF SE stopped manufacturing operations in India. But, the situation would gradually normalize, thereby providing numerous growth opportunities to the market amid the pandemic. Drivers & Restraints- Rising Usage of Innovative Meat Preservative Techniques to Bolster Growth Rapid urbanization, surging population, and high disposable income are constantly aiding the demand for animal products, especially in developing nations. The World Bank Data mentioned in 2020 that 55% of the global population lives in cities. This number is expected to grow rapidly in the near future. At the same time, over the past twenty years, the total meat consumption reached 360 million tons worldwide. Amongst this, 54% rise happened because of the high population growth. Companies are using various meat preservative techniques, such as smoking, drying, and salting. Also, the addition of preservatives and unique thermal treatments would also accelerate the antioxidants market growth. However, new product approvals get negatively impacted because of the rising number of stringent policies put forward by regulatory bodies. It may hamper growth. Source Link: https://www.fortunebusinessinsights.com/industry-reports/food-antioxidants-market-100789
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Antioxidants Market Size, Share | Global Report [2021-2028]
The global antioxidants market is expected to grow from $4.13 billion in 2021 to $6.05 billion in 2028 at a CAGR of 5.61% in the forecast period, 2021-2028
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