The food antioxidants market is growing due to increasing demand from the prepared food industry

Food antioxidants are a class of compounds with the property of preventing oxidative rancidity in various food products; hence, they are used for the preservation of food products such as processed foods, dairy products, meat, seafood, oils, beverages, and bakery. F&B manufacturers across the globe use food antioxidants to maintain the nutrients, color, flavor, and texture of their products. Owing to the increasing demand for prepared food products in emerging markets like India, China, and Brazil, the market offers potential growth opportunities to the market players in the near future.

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The food antioxidants market is driven by factors such as the increase in demand from the prepared food industry and increasing end-use applications of food antioxidants. The key players in the industry are directing their growth strategies in emerging economies by enhancing their research capabilities to develop product portfolios and strengthen their distribution base. The market for food antioxidants is largely associated with the sale of food products. Investments in emerging markets such as Asia-Pacific, Latin America, the Middle East, and Africa could create opportunities for these players to grow and expand in these regions. The food antioxidants market was valued at USD 1,100.4 million in 2016 and is projected to grow at a CAGR of 5.10% to reach USD 1,483.1 million by 2022.

The US and the developed countries in Europe are currently witnessing a trend of consumption of “natural and healthy” foods; hence, they are more inclined toward natural food antioxidants, due to their health benefits and fewer side effects. In developing countries, however, natural food antioxidants are priced higher than their synthetic counterparts; hence, synthetic antioxidants see more demand in these regions. This trend can also be attributed to the less-stringent regulations for food antioxidants in developing countries, as compared to those in developed ones.   

Key players are E.I. Du Pont De Nemours and Company (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Koninklijke DSM N.V. (Netherlands), Eastman Chemical Company (U.S.), Frutarom, Ltd (Israel), Barentz Group (Netherlands), Camlin Fine Sciences, Ltd. (India), Kalsec, Inc. (U.S.), and Kemin industries, Inc. (U.S.).

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