Global Natural Antioxidants Market To Thrive Owing To Increasing Demand For Cosmetics

Global Natural Antioxidants Market To Thrive Owing To Increasing Demand For Cosmetics

ID: 6652 | October 2018 | Region: Global

The Natural Antioxidants Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. The market is segmented by Type (Vitamin C-Based, Vitamin E-Based, Polyphenol-Based, Carotenoid-Based) and Application (Food and Beverage, Pharmaceuticals, Animal Feed, Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

Natural antioxidants are useful in removal of toxic and harmful substances from the human body by converting them into waste products that are given away from the body. Moreover, they also help in preventing oxidation which damages the cells by releasing free radicals. Natural antioxidants are also known to prevent diseases like cancer and heart diseases. They also act as anti-aging mediums

The key drivers of the market include growing demand for fortified food, rising trend towards a healthy life style, increasing demands for cosmetics. Moreover, 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. 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.

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.

The global Natural Antioxidants market is segmented on the basis of Type and Application. On the basis of Type, it is segmented into Vitamin C-Based, Vitamin E-Based, Polyphenol-Based, and 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. Vitamin E segment is expected to witness a high growth rate during the forecast period owing to Growing demand for animal feed on account of increasing consumption of dairy products and meat products on a global scale. 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, it is segmented into Food and Beverage, Pharmaceuticals, Animal Feed, and Others. 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 the antioxidant cannot be naturally synthesized by pigs and poultry. As a result, vitamin C is used extensively across feeds to promote animal growth.

On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific held the largest share of the market followed by North America and Europe.Rising expansion of food and pharmaceutical industries in countries like China is the key driving factor of Asia-pacific natural anti-oxidants market.Latin America and Middle East and Africa are anticipated to witness above-average growth within the global natural antioxidants market owing to rising consumer awareness regarding general well-being.

The market is dominated by companies like Tianjin Jianfeng Natural Products Co. Ltd, Indena S.P.A, Naturex and Ajinomoto OmniChem ,DSM, AB Vista, HR. Hansen, Novozymes A/s, Adisseo France S.a.s, BASF SE, Danisco A/s.

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