Key players in the Global Food Antioxidants Market
The global food antioxidants market has been segmented on the basis of type, form, source, application, and region. The food antioxidants market is projected to grow at a CAGR of 5.10% from 2017 to 2022 and is projected to reach USD 1.48 Billion by 2022. The key driving factors of the food antioxidants market include growth in the prepared food industry and increasing end-use applications of food antioxidants across segments such as prepared foods, meat & beverages, and bakery.
Key players identified in the market for food antioxidants include 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.). These players have a strong presence in the global food antioxidants market.
Expansions & investments, collectively, was the key strategy adopted by industry players in order to achieve growth in the food antioxidants market. This helped companies to enhance their product offerings through the establishment of R&D and innovation centers and increase their clientele in regions of high potential growth for the food antioxidants business such as South America and Asia-Pacific. BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Camlin Fine Sciences, Ltd. (India), and Frutarom, Ltd (Israel) are some of the leading players that adopted these strategies in order to develop their food antioxidants business. Through acquisitions, key companies have gained distributional reach, increased their market capitalization, broadened their product portfolios, and achieved market consolidation. Koninklijke DSM N.V. (Netherlands), Archer Daniels Midland Company (U.S.), Barentz Group (Netherlands), and Frutarom, Ltd (Israel) are some leading manufacturers that adopted this strategy.
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Koninklijke DSM N.V. (Netherlands) is one of the key players in the food antioxidants market. Major strategy of the company has been acquisitions for strengthening its human nutrition and health business under which food antioxidants is manufactured and marketed. This strategy has helped the company in strengthening its portfolio of approved food antioxidants in both established and emerging markets. In July 2013, DSM acquired Unitech Industries Limited (New Zealand) which is primarily involved in the manufacture of nutritional products for both animals and humans.
E.I. Du Pont De Nemours and Company
E.I. Du Pont De Nemours and Company (U.S.) has been one of the major players in the global food antioxidants market. The company, as a part of its strategy, entered into agreement & expansion contracts to strengthen its product portfolio and improve its position in the European market. The company, through agreements, has been developing customized solutions for food protection companies. It also established research and innovation centers for understanding the demand and serving the growing food industry. For instance, in March 2015, an innovation application center was set up by DuPont in Gurgaon, India. Through the advanced equipment and capabilities, DuPont aimed to understand and serve the growing food industry in India.
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