Natural Antioxidants Market Analysis 2022 - 2027:
Natural Antioxidants Market is anticipated to reach an extent of USD 1.29 billion, recording a CAGR of about 5.69% throughout the foreseen period (2022 - 2027).
Natural antioxidants are vitamins, minerals, or nutrients that are used to inhabit the oxidation of other materials. During the oxidation process, some harmful products such as free radicals are generated, antioxidants are used to repair the cells of the body from the damage caused by free radicals. Natural antioxidants are found in fruits, spices, herbs, meats, and vegetables. These natural antioxidants can be classified into three groups that include vitamins, carotenoids, and phenolic compounds. Natural antioxidants are very helpful in treating skin and hair related problems, as they can prevent aging, wrinkles, acne, and hair loss. The increasing use of natural antioxidants in the food, cosmetic and pharmaceutical industries is driving the growth of this market around the world.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
5.69% |
Segments Covered |
By Product, By Application |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Ajinomoto, DSM, Anjin Jianfeng Natural Products Co. Ltd., Indena S.P.A, DuPont, Danisco, Archer Daniels Midland, and Prinova. |
Recent Developments:
Market Drivers and Restraints:
The size of the global natural antioxidants market is expected to increase due to the increasing demand for antioxidants in food and beverage, cosmetics, pharmaceuticals and feed. The growing demand for fortified foods and beverages due to the growing trend towards a healthy lifestyle is expected to drive the global market during the forecast period. Also, the increased use of natural antioxidants, such as vitamin C, vitamin E, and polyphenols in cosmetics, due to their benefits in skin health, is expected to drive market growth. Besides, the increasing demand for these antioxidants in the manufacture of quality animal feed to promote livestock growth and reduce diseases is likely to drive market growth. Currently, vitamin C, vitamin E, carotenoids, and polyphenols are widely used in the manufacture of pharmaceutical supplements. The expansion of the healthcare sector due to increased consumer spending on basic medical exams, coupled with the government's increasing focus on providing its population with basic healthcare facilities, driving market boom in the coming years. The demand for higher quality cosmetic products has increased over the last decade due to increased awareness of skin disorders, including aging wrinkles, dark circles, loss of skin elasticity and flexibility skin and dull skin. Natural antioxidants help counteract the creation and presence of free radicals in the body that pose a threat to lipids, proteins and DNA and help to beautify the skin.
Additionally, sales of natural antioxidants are constantly increasing in the cosmetic industry due to their wide use as preservatives to enhance the shelf life of many formulations. This, in turn, will likely provide prospects for sustainable growth in the global market for natural antioxidants. However, the abundant availability of synthetic antioxidants, including BHA, BHT, propyl gallates, and EDTA, is expected to limit the growth of the global natural antioxidant market over the projected period. The increasing demand for natural antioxidants in specific applications, including colorants, is expected to open up new opportunities for the market during the projected period.
Market Segmentation:
The Global Natural Antioxidants market can be divided based on Product and Application. Natural antioxidants are found in abundance from a variety of natural sources, including plants, fruits, meats, herbs, and spices. Vitamin C dominated the global market in 2014 as it is widely used in pharmaceutical, food, beverage and feed applications. Also, the non-toxicity of vitamin C has led to its widespread use as pharmaceutical supplements. Vitamin E is used primarily in animal feed applications. The increasing demand for animal feed due to the increasing consumption of dairy and meat products globally is expected to boost the growth of the vitamin E market during the forecast period.
The growing demand for functional foods and beverages is expected to be the main driver of increased demand for polyphenols in the coming years. Each type of antioxidant is used for different applications because the functions that products perform vary in their nature. For example, vitamin C is widely used in small doses in the manufacture of pharmaceuticals because it reduces the risk of cancer and the occurrence of cardiovascular disease. In addition, it is used in the treatment of colds. Pharmaceuticals are likely to remain the largest application segment for vitamin C during the forecast period.
Impact of covid-19 on Global Natural Antioxidants Market
COVID-19 will continue to impact the food and beverage industry and its supply chains. After this pandemic, the companies will be more careful with their operation. The practice of wearing masks while cooking and using disinfectants would be implemented, and the definition of hygiene could be changed. There will also be changes in the existing the supply chain model. We anticipate higher rates for the coming months and will have to recalibrate our approach accordingly. The on-the-go model, which is already gaining ground, will become more popular in the coming months. The focus will also be on healthier, freshly prepared foods rather than frozen foods.
Regional Analysis:
The Global Natural Antioxidants Market has been divided by geography as North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. North America is foreseen to rule the market for natural antioxidants during the envisioned period. The United States is expected to be the largest contributor to the natural antioxidant industry in this region. The strong demand for organic and natural products among the American population is the main driver of the growth of the North American market for natural antioxidants. Europe also has a significant share of the world market. The preference of makers in the food and cosmetic sector for natural ingredients is complementing the call for natural antioxidants in the European locale. However, Asia-Pacific is expected to be the fastest growing regional market during the envisioned period. The rising consumer awareness related to natural products followed by the developments in the food and beverage business in emerging nations is touted to accelerate the expansion of the natural antioxidants market in Asia-Pacific. In addition, the increasing adoption of natural antioxidants in animal feed will drive the growth of the natural antioxidant market in this locale.
Leading Company
DSM had the largest share of the Global Natural Antioxidants Market in terms of sales and revenue in 2018.
Key Players
Key players in the Global Natural Antioxidants Market include Ajinomoto, DSM, Anjin Jianfeng Natural Products Co. Ltd., Indena S.P.A, DuPont, Danisco, Archer Daniels Midland, and Prinova.
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