Kenneth Research, in its repository of market research reports, have recently added a report on Food Antioxidants Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Food Antioxidants Market products.
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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.
Global Food Antioxidants Market was valued at USD 1.12 Billion in the year 2017. Global Food Antioxidants Market is further estimated to grow at a CAGR of 5.05% from 2018 to reach USD 1.67 Billion by the year 2025. Asia-Pacific region holds the largest Market share in 2017 and considered as the fastest growing Market in the forecasted period. Country wise India, China, Japan, Australia and New Zealand holds the considerable Market share. It growing mainly due to rise in consumption of food and increasing awareness for the healthy lifestyle.
The major players in Food Antioxidants Market are as follows BASF SE, E.I. Du Point De Nemours and Company, Archer Daniels Midland Company, Koninklijke DSM N V, Camlin Fine Sciences Ltd, Kemin Industries Inc., Barentz Group, Eastman Chemical Company, Kalsec Inc., Frutarom Ltd. and other 10 more companies detail overview is provided in research report.
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SWOT Analysis of Food Antioxidants Industry
Strength
Growing convenience food industry
Increasing processed food Industry
Weakness
High costs of products
Limited awareness regarding food antioxidants
Opportunity
Emerging Market in developing countries
Increasing demand and consumption
Threats
Threats of substitute products
Regulations and quality standards
The global Food Antioxidants Market is classified as by type, by form, by application, and by region. On the basis of types, the Market is segmented into a Natural and Synthetic type of which synthetic antioxidants holds the highest Market share with the high growth rate in coming years. The growth is mainly due to the wide application and increasing consumption in food and beverages industry. By Form, the Food Antioxidants Market is segmented into Dry form and Liquid form.
Food Antioxidants Market Overview By Application
Fats & Oils
Beverages
Prepared Meat & Poultry
Seafood
Bakery & confectionery
Others
Food Antioxidants Industry, By Form
Dry
Liquid
Food Antioxidants Market Overview By Type
Natural
Synthetic
Food Antioxidants Market Overview By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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