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Antioxidants Market Size is Forecast to Reach $7.7 Billion by 2026, Growing at a CAGR of 5.8% During Forecast Period 2021-2026
HYDERABAD, TELANGANA, INDIA , September 23, 2022 /EINPresswire.com / -- IndustryARC, in its latest report, predicts that, Antioxidants Market size is forecast to reach $7.7 billion by 2026, growing at a CAGR of 5.8% during the forecast period 2021-2026. Antioxidants are sourced naturally or synthetically. Natural antioxidants replace synthetic products for preventing negative effects caused by synthetic compounds. It defends the cells from damage that are caused by harmful molecules. Oxidative stress is caused by heart disease, cancer, respiratory diseases, and other inflammatory ischemic conditions. Free radicals are neutralized in the body with the help of the antioxidants. There are different types of antioxidants such as Butylated Hydroxytoluene, and lycopene among others. Ascorbic acid acts as an antioxidant for protecting cellular components in the body. Increasing applications of natural antioxidants, increasing preference of consumers towards healthy diet, and increasing demand from cosmetics industry is the major factor driving the growth of the market. Increasing application of antioxidants from food & beverage industry and increasing usage of antioxidants in convenience food is set to further enhance the overall market demand for the Antioxidants Market during the forecast period 2021-2026.
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This IndustryARC report on the Antioxidants Market highlights the following areas -
1. North America dominated the Antioxidants Market in 2020 owing to the increasing incidences of diseases and increasing health concerns. The Antioxidants market scope for different regions will be provided in the final report.
2. Increasing usage of nutritional supplements and increasing consumer inclination towards healthy diets are likely to aid the market growth of the Antioxidants Market report.
3. Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be Antioxidants Market report.
Lack of awareness regarding the antioxidant products and overconsumption of antioxidants is poised to create the hurdles for the Antioxidants Market
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1. Natural antioxidants held the largest share in the Antioxidants Market in 2020 and is estimated to grow at a CAGR 6.1% during the forecast period 2021-2026.
2. Food & Beverages held the largest share in the Antioxidants Market in 2020 and is estimated to grow at a CAGR of 6.5% during the forecast period 2021-2026.
3. North America dominated the Antioxidants Market with a major share of 36.9% in 2020. This is attributed to the increasing government initiatives to enhance consumer knowledge towards new innovations in the field of antioxidants, and increasing focus on the research & development to adopt antioxidants in pharmaceuticals that offers health benefits.
The top 5 players in the Antioxidants industry are -
1. BASF SE
2. Kalsec Inc.
3. Kemin Industries Inc
4. Archer Daniels Midland
5. Royal DSM
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