Food Antioxidants market size is expected to reach a market size of USD 3.43 Billion at a steady CAGR of 6.2% in 2028, according to latest analysis by Emergen Research.

Increasing utilization of food antioxidants for production of functional foods is expected to drive growth of the food antioxidants market during the forecast period. Growing demand for home food preservation options is another factor contributing to rising utilization of food antioxidants in food and beverage industries.

The report is primarily targeted at the Food Antioxidants industry participants and stakeholders that can capitalize on the contents of this report and make informed business decisions during the forecast period.  The authors have studied the historical background of the Food Antioxidants market, keeping in mind the organic and inorganic growth prospects and threats for the market. Thus, the latest report offers precise estimates of the global market size for the forecast period.

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Some Key Highlights From the Report

• In January 2020, BASF announced that it is planning to expand production capacity for its antioxidant Irganox 1520L by 20% at the site in Pontecchio Marconi, Italy. Irganox 1520L is a key product in the antioxidant portfolio of BASF. The expansion is expected to help the company meet growing demand for antioxidants among its global consumers.
• Prepared meat poultry segment accounted for largest market share of 2020. Rising need to extend the shelf-life of food products and enhance food quality is driving utilization of food antioxidants in prepared meat and poultry products.
• Natural antioxidants segment revenue is expected to expand at a rapid CAGR during the forecast period. Health risks associated with consumption of synthetic antioxidants and the potential toxicological effects is driving demand for natural antioxidants.
• Fruits and vegetables segment accounted for a significantly high revenue share in the food antioxidants market in 2020. Health-conscious consumers are increasingly preferring natural antioxidants derived from fruits and vegetables.

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Geographical Backdrop:

The global Food Antioxidants market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Food Antioxidants market across major geographies.

Asia Pacific accounted for largest revenue share contribution to the global food antioxidants market in 2020. Food manufacturers in countries in the region are increasingly utilizing food antioxidants owing to rising demand among health-conscious consumers for dietary supplements, functional foods, and nutritional beverages fortified with antioxidants.

Emergen Research has segmented the global food antioxidants market on the basis of application, type, source, and region:

• Application Outlook (Revenue, USD Billion; 2021–2028)
  • Prepared Food
  • Seafood
  • Nutraceuticals
  • Fats Oils
  • Plant-based Alternatives
  • Prepared Meat Poultry
  • Bakery Confectionery
  • Other Applications
• Type Outlook (Revenue, USD Billion; 2021–2028)
  • Synthetic Antioxidants
  • Natural Antioxidants
• Source Outlook (Revenue, USD Billion; 2021–2028)
  • Oils
  • Fruits and Vegetables
  • Spices and Herbs
  • Gallic Acid
  • Botanical Extracts
  • Petroleum-derived

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