Global Natural Antioxidants Market, By Type (Vitamin E, Vitamin C, Carotenoids, Rosemary Extract, Others), Source (Plant, Petroleum), Form (Dry, Liquid), Application (Food and Beverages, Personal Care, Animal Feed, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Nowadays, individuals are highly conscious regarding diet, due to which majority of population ensures proper supplementation. Therefore, there has been increased demand for natural antioxidants in food and beverages industry. As a result, the increasing adoption of natural antioxidants during forecast period further pushes the overall growth for the market.
Global Natural Antioxidants Market was valued at USD 1.02 billion in 2021 and is expected to reach USD 1.76 billion by 2029, registering a CAGR of 6.95% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Vitamin E, Vitamin C, Carotenoids, Rosemary Extract, Others), Source (Plant, Petroleum), Form (Dry, Liquid), Application (Food and Beverages, Personal Care, Animal Feed, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Archer Daniels Midland Company (U.S.), Camlin Fine Sciences Ltd. (India), DSM (Netherlands), BASF SE (Germany), Dow (U.S.), DuPont (U.S.), Adisseo (China), ADM (U.S.), Eastman Chemical Company (U.S.), Frutarom Industries Ltd. (Israel), Chr. Hansen Holding A/S (Denmark), Ajinomoto Co. Inc. (Japan), Prinova Group LLC. (U.S.), Dishman Carbogen Amcis Ltd (India), Prinova Group LLC. (U.S.), Cargill, Incorporated (U.S.), AkzoNobel N.V. (U.S.) and Kalsec Inc. (U.S.)
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Market Opportunities
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Market Definition
Antioxidants are the type of molecules which discourages oxidation of other molecules in the body; natural antioxidants are found in fruits and vegetables and are classified into three groups such as vitamins, carotenoids, and phenolic compounds. Natural antioxidants are phenolics, which can be found in all sections of plants, including fruits, vegetables, nuts, seeds, leaves, roots, and barks [6]. Some toxicological investigations on the use of synthetic antioxidants have recently revealed their unfavorable or negative consequences.
Natural Antioxidants Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand for Natural Antioxidants
The increased demand from the pharmaceutical industry for the production of various pharmaceutical supplements, as well as increasing adoption of natural antioxidants in the cosmetic industry, are some of the major factors driving the natural antioxidants market.
- Increased Awareness Regarding Natural Antioxidants Benefits
Furthermore, rising adoption of natural antioxidants such as vitamin C, vitamin E, and polyphenols in the cosmetic industry in various anti-aging creams, as well as consumption of natural antioxidants for immune system regulation and treatment of heart, eye, and memory diseases are expected to support the global natural antioxidants market's growth. Furthermore, over the forecast period, rising consumer awareness of the benefits of fortified foods is predicted to drive demand for natural antioxidants. Consumer awareness of the health advantages of natural antioxidant consumption is expected to drive market expansion. Additionally, the high demand for drugs owing to the high prevalence of cancer and cardiovascular diseases will also drive market value growth.
The exponential increase in the global population will further propel the growth rate of natural antioxidants market. The expansion of the pharmaceutical and cosmetics industry are projected to bolster the growth of the market.
Opportunities
- Investments and Proactive Healthcare Practices
Furthermore, the increase in investment and the product approval by regulatory authorities extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising adoption of proactive individual healthcare practices will further expand the future growth of the natural antioxidants market.
Restraints/Challenges
- High Costs
The natural antioxidants are very costly as compared to the antioxidants. This further reduces the adoption of natural antioxidants amongst consumers due to affordability issues, which further creates hindrances for the growth of the natural antioxidants market.
- Negative Impact of COVID-19
With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply. Also, the market suffered fluctuations in the prices of raw materials due to pandemic, which affected the market. Therefore, the impact of pandemic created various challenges for the natural antioxidants market growth rate.
This natural antioxidants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the natural antioxidants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Natural antioxidants Market
The recent outbreak of coronavirus had a negative impact on the natural antioxidants market. The natural antioxidants market's supply chain has been severely disrupted globally. It grossly lowered the revenues of all market participants around the world. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak. In the second and third quarters of the financial year 2020, market participants witnessed their situation deteriorate. Moreover, the severe disruptions in various manufacturing due to the various precautionary lockdowns imposed by governments to curb the spread of disease les to huge financial setback for the market.
However, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. Therefore, the suspended and cancelled operations will continue and as a result, the market is estimated to flourish post-COVID.
Global Natural Antioxidants Market Scope
The natural antioxidants market is segmented on the basis of type, source, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Vitamin E
- Vitamin C
- Carotenoids
- Rosemary Extract
- Others
Source
- Plant
- Petroleum
Form
- Dry
- Liquid
Application
- Food and Beverages
- Personal Care
- Animal Feed
- Others
Natural Antioxidants Market Regional Analysis/Insights
The natural antioxidants market is analyzed and market size insights and trends are provided by country, type, source, form and application as referenced above.
The countries covered in the natural antioxidants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the natural antioxidants market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the High demand for organic and natural products among the U.S. population.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing adoption of natural antioxidants in animal feed coupled with the growth of food and beverage industry in the developing countries within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Natural Antioxidants Market Share Analysis
The natural antioxidants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to natural antioxidants market.
Some of the major players operating in the natural antioxidants market are-
- Archer Daniels Midland Company (U.S.)
- Camlin Fine Sciences Ltd. (India)
- DSM (Netherlands)
- BASF SE (Germany)
- Dow (U.S.)
- DuPont (U.S.)
- Adisseo (China)
- ADM (U.S.)
- Eastman Chemical Company (U.S.)
- Frutarom Industries Ltd. (Israel)
- Chr. Hansen Holding A/S (Denmark)
- Ajinomoto Co. Inc. (Japan)
- Prinova Group LLC. (U.S.)
- Dishman Carbogen Amcis Ltd (India)
- Prinova Group LLC. (U.S.)
- Cargill, Incorporated (U.S.)
- AkzoNobel N.V. (U.S.)
- Kalsec Inc. (U.S.)
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