Global Antioxidant Market By Product (Natural Antioxidants, Synthetic Antioxidants), By Application (Pharmaceutical, Food And Beverage, Feed Additive, Cosmetic) - Growth, Future Prospects And Competitive Analysis, 2016 - 2023

Antioxidants are chemicals that neutralize free radicals, thus inhibiting the oxidation of the other molecule and further delaying or preventing damage to the cells. It can be an artificial or natural antioxidant such as vitamin A, vitamin C, vitamin E, BHT, BHA, etc.

The report titled "Global Antioxidants Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" offers strategic insights into the overall antioxidants market, along with the market size and estimates for the duration of 2016 to 2023. The said research study covers an in-depth analysis of multiple market segments based on the type of product, type of application, and different geographical regions.

The product type segment studied for the overall antioxidants market analysis is primarily divided into natural and synthetic antioxidants. On the basis of type of application, the antioxidants market is segmented into pharmaceutical, food and beverage, feed additives, cosmetics, and others.

The report also includes sections on the competitive profiling of the leading players in the antioxidants market, appealing investment propositions, and market positioning of key manufacturers to assist strategic decision-makers. Other in-depth analysis provided in the report includes:

Geographically, the global antioxidant market is studied for the following regional markets:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Middle East and Africa

The market size and forecast for these regional and country-level markets are presented in this study for the period 2013–2023. Market growth rates for the forecast period 2016–2023 are also included in this report, considering 2015 as the base year.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for a better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges, and opportunities assists the readers in understanding the ongoing trends in the global antioxidants market.

Tools such as the market positioning of key players and an appealing investment proposition provide readers with insights into the global antioxidants market's competitive scenario. This report concludes with a section on company profiles that highlight key information about the key players in the global antioxidants market. In-depth competitive environment analysis and historical years (2013 and 2014) of market size data are also provided in the report.

Thus, the research study provides a holistic view of the global antioxidants market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above-mentioned factors.

Based on the type of product, the global antioxidant market is segmented as follows:

  • Natural Antioxidant
  • Vitamin C
  • Vitamin E
  • Vitamin A
  • Polyphenols
  • Carotenoids
  • Synthetic Antioxidant
  • THBQ
  • BHT
  • BHA
  • Others

The global antioxidant market is categorized into synthetic and natural antioxidants. Although synthetic antioxidants are most commonly used due to their low cost, we have observed a shift in consumption patterns, with demand shifting toward natural antioxidants during the forecast period.

Still, the global market for antioxidants would be dominated by synthetic antioxidants. Synthetic antioxidants like BHT, BHA, and THBQ are the main driver of developing economies, while developed countries are adopting natural antioxidants.

Natural antioxidants show potential growth due to their application in varied industries, right from food and beverages, pharmaceuticals, and animal feed to the cosmetic industry. Natural antioxidants are becoming more popular as people strive for a healthier lifestyle and use naturally occurring products.

There is a surge in demand for processed foods and beverages, driving the natural antioxidant market to enhance the shelf life of food. The cosmetic industry shows a paradigm shift in the usage of natural antioxidants like vitamin C, vitamin E, vitamin A, polyphenols, etc., instead of chemicals. Another stimulus for the growth of natural antioxidants is their use in manufacturing animal feed, especially Vitamin E, for the growth of cattle. Vitamin E and C supplements are also market drivers due to their ease of availability and low cost.

Based on the type of application, the global antioxidant market is segmented as follows:

  • Pharmaceutical
  • Food and beverage
  • Feed Additive
  • Cosmetic
  • Others

The pharmaceutical and food industries occupy the largest market share among the application segments. Antioxidants are used to conserve food and pharmaceutical products. Synthetic antioxidants such as BHA, BHT, TBHQ, etc., are extensively used nowadays but show health issues in the long term.

Therefore, there is a gradual shift towards the use of natural antioxidants to avert health problems in the future. Thus, food and beverages show potential growth due to the usage of natural antioxidants in the preservation of food and beverages to inhibit the oxidation of the food and enhance the shelf life of the products.

The growth of the antioxidant market is hampered by the side effects caused by antioxidants, such as high doses of supplements causing health problems; for example, high doses of vitamin E raise the risk of prostate cancer and stroke, and beta carotene may cause lung cancer in smokers. Besides health risks, supplements may end up reacting with other medicines.

The cosmetic industry is the next to follow, with its widespread use of antioxidants to prevent aging and demand for natural skin care products rather than chemicals. The demand for antioxidants shows a surge in animal feed to enhance the growth of cattle and decline the rate of diseases, which will further boost the antioxidant market. For example, vitamin E is used in poultry and pig farming as animal feed, and even vitamin C is extensively used for growth.

Overall, the demand for the antioxidant market has increased due to increased consumer awareness of products containing antioxidants, especially natural antioxidants, due to their health benefits and low risk of health problems.

For the purpose of this study, the global antioxidant market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

The global antioxidant market is bifurcated into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The global antioxidant market is dominated by the Asia-Pacific region, which occupies the major market.

The growth in Asia-Pacific is attributed to increasing health awareness and rising demand for anti-aging products and dietary supplements. Large populations and rising health consciousness in developing countries such as India and China are driving the region's antioxidants market growth.

Currently, natural antioxidants are expensive compared to synthetic antioxidants, and people are expected to shift their consumption from synthetic to natural antioxidants in the coming years. Asia-Pacific is followed by North America and Europe; these two markets show an inclination towards the usage of natural antioxidants due to proactive health awareness for nutritional and cosmetic products obtained from natural resources.

The United Kingdom, Germany, and Italy are leading the way in the European market for antioxidants. Thus, there is potential for future growth in developing economies due to rising disposable income and population, as well as a trend in the use of antioxidant-containing products. 

Frequently Asked Question:

The market for Antioxidant Market is expected to reach USD$ 2329.7 Mn in 2023.

The Antioxidant Market is expected to see significant CAGR growth over the coming years, at 5.4%.

The report is forecasted from 2016 -2023.

The base year of this report is 2015.

Croda International, Business Description, Financial Information, Product Portfolio. are some of the major players in the global market.

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Published Date:  Dec 2016
Category:  Pharmaceuticals
Report ID:   58278
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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