North America Natural Antioxidants Market

North America Natural Antioxidants Market Size, Share, Growth (2023-2028)

North America market was valued at USD xx million in 2023 and is expected to reach USD xx million by 2028

Overview:

Fresh foods generally consist of natural antioxidants. Natural antioxidants help in the removal of toxic and harmful substances from the human body. Antioxidants help in converting harmful toxins into harmless products that are given away from the body in the form of waste products. Moreover, they also help in preventing oxidation which damages the cells by releasing free radicals. Natural antioxidants rich food also helps in preventing cancer and acts as anti-aging mediums. Furthermore, they are known to reduce the threat of heart diseases substantially by absorbing the bad cholesterol present in the body. Natural antioxidants are extensively found in a variety of natural sources such as spices, herbs, meat, fruits, and plants.

Recent Developments:

• Givaudan, world leader in the creation of aromas and fragrances, has signed an agreement to acquire 40.6% of the shares of Naturex, the world leader in special natural ingredients of plant origin, for € 135 per share, subject to regulatory approvals.

• Flavor and nutrition giant Kerry has extended its food protection abilities with the acquirement of IsoAge Technologies, experts in sustainable and natural food safety solutions, and Biosecur Lab Inc. With these new investments, Kerry will have "the broadest food protection portfolio in the industry." The agreement strengthens its position in the clean label space and enhances Kerry's ability to serve the rapidly growing market for nutrition-focused and natural shelf-life solutions.

North America Natural Antioxidants Market Driver and Restraints:

The increasing demand for natural antioxidants in the food and beverage industry and the increased health awareness of people regarding diet that ensures adequate supplementation to avoid health problems are important factors driving the growth of the North America antioxidant market natural. The adoption of natural antioxidants in animal feed is increasing to promote the growth of poultry and livestock and reduce disease in animals. Furthermore, the strong demand from the pharmaceutical industry for the production of various pharmaceutical supplements is another growth factor of this market during the forecast period. In addition, the increasing adoption of natural antioxidants such as vitamin C, vitamin E and polyphenols in the cosmetic industry in various anti-aging creams and the consumption of natural antioxidants is used to regulate the immune system and treat diseases of the heart, eyes and skin memory which are other factors that are expected to support the growth of the global market for natural antioxidants. However, the continuous increase in the prices of natural antioxidants is a major factor holding back the growth of the global market for natural antioxidants. Another factor limiting the growth of this market during the forecast period is the abundant availability of synthetic antioxidants such as BHT, propyl gallates, and EDTA.

North America Natural Antioxidants Market Growth:

North America natural antioxidants market is anticipated to grow on account of its increasing demand in food & beverages, cosmetics, pharmaceutical and animal feed. Rising demand for fortified food & beverages owing to a growing trend towards a healthy lifestyle is anticipated to drive natural antioxidants market growth over the forecast period. In addition, increasing use of natural antioxidants including vitamin C, vitamin E and polyphenols in cosmetics owing to their benefits on the post skin application is expected to aid the market growth. Moreover, an increase in the demand for these antioxidants for manufacturing quality animal feed to promote cattle growth and reduce the occurrences of diseases is likely to stimulate market growth. Vitamin C, polyphenols, carotenoids, and vitamin E are extensively used in manufacturing pharmaceutical supplements. Furthermore, growth of the healthcare industry on account of rising consumer spending on basic medical check-ups coupled with increasing focus of governments to provide its population with basic healthcare facilities is likely to drive the market growth in the coming years. However, abundant availability of synthetic antioxidants including BHA, BHT, propyl gallates and EDTA is expected to restrain market growth for natural antioxidants over the projected period. An increase in the demand for natural antioxidants in niche applications including coloring agents is expected to open new opportunities for the market in the projected period.

North America Natural Antioxidants market Segmentation:

on the basis of

• Type

• Application

On the basis of Type,

• Vitamin C-Based

• Vitamin E-Based

• Polyphenol-Based

• Carotenoid-Based

Natural sources such as plants, fruits, meats, herbs, and spices are rich in antioxidants. Vitamin C accounted for the largest share of the market as it is extensively used in pharmaceutical, food, beverages and feed applications. Due to the non-toxic nature vitamin C, it has found widespread use as pharmaceutical supplements. Vitamin E was predominantly used in animal feed application. Growing demand for animal feed on account of increasing consumption of dairy products and meat products on a North America scale is expected to augment vitamin E market growth over the forecast period. Rising demand for functional food & beverages is expected to be the primary driver for augmenting polyphenol demand over the next seven years. Carotenoids were extensively used as an additive in manufacturing animal feed to impart coloration. However, the high price of carotenoids is expected to hamper adversely market demand.

On the basis of Application,

• Food and Beverage

• Pharmaceuticals

• Animal Feed

Each type of antioxidant is used for different applications, as the functions performed by the products vary. Pharmaceuticals held the largest share of vitamin C over the forecast period. However, food segment is projected to witness the fastest growth due to the increasing demand for foods with natural additives. Vitamin E is frequently used as an additive in manufacturing animal feed as pigs and poultry cannot naturally synthesize antioxidant. As a result, vitamin C is used extensively across feeds to promote animal growth.

North America Natural Antioxidants Market Regional Analysis:

• U.S.

• Canada

North America held the second largest market share due to the rising consumer awareness regarding general well-being. Growth of food and pharmaceutical industries in the region is expected to augment Natural Antioxidants market growth over the projected period. The US is anticipated to be the main contributor to the natural antioxidant industry in this region.

North America Natural Antioxidants Market Key Players:

1. DSM

2. AB Vista

3. Hansen

4. Novozymes A/s

5. Adisseo France S.a.s

6. BASF SE

7. Danisco A/s

8. Tianjin Jianfeng Natural Products Co. Ltd

9. Indena S.P.A

10. Naturex

11. Ajinomoto OmniChem