According to recently published data on the antioxidants industry, global consumption is predicted to generate US$ 3.69 billion in sales in 2022, representing a 4.2% year-over-year growth. During the forecast period of 2022 to 2032, it is expected that the demand for antioxidants will increase globally at a CAGR of 4.5%.
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Antioxidants are found in a variety of foods and beverages, including fruits, vegetables, nuts, and grains. They are also available as dietary supplements in the form of pills, powders, and liquids. Some of the most commonly used antioxidants include vitamins C and E, beta-carotene, and selenium.
The growing awareness of the health benefits of antioxidants is a major factor driving the market growth. Antioxidants have been shown to have anti-inflammatory, anti-cancer, and anti-aging properties, and they are believed to help prevent a range of diseases and conditions, including heart disease, diabetes, and neurodegenerative disorders.
Key Players-
- BASF SE
- Vinati Organics
- Trigon Antioxidants Pvt. Ltd.
- Sandhya Organic Chemicals Pvt. Ltd.
- Sarex
- UPL
- SI Group
- Songwon
- VDH Chem Tech Pvt. Ltd.
- Adishank Chemicals Pvt. Ltd.
- Khera Chemical Industries and more
In addition, the increasing prevalence of chronic diseases, coupled with the rising demand for functional foods and beverages, is expected to boost the market for antioxidants. The growing popularity of organic and natural products is also a key factor driving the market growth.
The market is segmented based on type, application, and region. Based on type, the market is divided into natural and synthetic antioxidants. Natural antioxidants, such as vitamins and plant extracts, are derived from natural sources, while synthetic antioxidants are chemically manufactured.
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Based on application, the market is categorized into food and beverages, animal feed, cosmetics and personal care, and others. The food and beverage segment is expected to dominate the market, owing to the growing demand for functional foods and beverages fortified with antioxidants.
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