(MENAFNEditorial) With the presence of a large pool of participants, the global food antioxidants market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Archer Daniels Midland Company, BASF S.E., Camlin Fine Sciences, E I Du Pont De Nemours And Company, and Eastman Chemicals are some of the key vendors of food antioxidants across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development states the food antioxidants market study.
Citing an instance, in June 2018, Nutrition & Health division of DuPont declared launching of powder antioxidant refereed as Guardian Toco 30p. Reportedly, the antioxidant is highly effective and label-friendly and is derived from the natural source of mixed tocopherols in a powdered form.
Browse the full " Food Antioxidants Market by type (Natural, Synthetic), by Form (Dry, Liquid), by Application (Fats & Oils, Packaged foods, Beverages, Bakery & Confectionery, Seafood and others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 2022" report at https://www.zionmarketresearch.com/report/food-antioxidants-market
As estimated in this report, the global food antioxidants market stood at US$ 981.76 million in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this food antioxidants market is expected to reach US$ 1,340.85 million by the end of the forecast period. The main types available in this food antioxidants market are natural and synthetic types. Among them, the demand for synthetic food antioxidants is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
Mammoth Product Usage In Foods & Beverages Sector To Push Growth
'The growth of food antioxidants market is expected to gain momentum over the coming years subject to its extensive application for preparing foods & beverages along with the rise in the purchasing capacity of the global population, says the author of this study. Apart from this, a large spectrum of product applications in fats & oils, seafood, bakery & confectionary items, and packaged foods is likely to upswing the growth of food antioxidants market in the near future.
High costs of food antioxidants along with safety issues pertaining to the use of synthetic food antioxidants, however, are predicted to impede the growth rate of food antioxidants market in the ensuing years. Nevertheless, the escalating popularity of the product in developing regions is projected to offer lucrative growth avenues for food antioxidants market in the years to come. This, in turn, is projected to normalize the impact of hindrances on the food antioxidants market, reports the study.
Tremendous Demand For Processed Diets To Succor APAC's Regional Dominance
Regionally, Asia Pacific has been leading the worldwide food antioxidants market and is anticipated to continue on the dominant position in the years to come, states the food antioxidants market study. Rise in the purchasing power of the population and the immense demand for processed foods is the main factor behind the dominance of the Asia Pacific food antioxidants market. Growing health awareness along with the massive popularity of anti-aging products are few of the significant factors that are supporting the progression of this regional food antioxidants market.
The global food antioxidants market is segmented as follows:
By Type
By Form
By Application
- Fats & Oils
- Packaged foods
- Beverages
- Bakery & confectionery
- Seafood
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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