Europe Natural Antioxidants Market

Europe Natural Antioxidants market is anticipated to grow at xx% CAGR from 2020 to 2026 and it is estimated that the Europe market was valued at USD xx million in 2020 and is expected to reach USD xx million by 2026.

Fresh foods generally consist of natural antioxidants. Natural antioxidants help in the removal of toxic and harmful substances from the human body. Antioxidants help in converting harmful toxins into harmless products that are given away from the body in the form of waste products. Moreover, they also help in preventing oxidation which damages the cells by releasing free radicals. Natural antioxidants rich food also helps in preventing cancer and acts as anti-aging mediums. Furthermore, they are known to reduce the threat of heart diseases substantially by absorbing the bad cholesterol present in the body. Natural antioxidants are extensively found in a variety of natural sources such as spices, herbs, meat, fruits, and plants. 

Europe natural antioxidants market is anticipated to grow on account of its increasing demand in food & beverages, cosmetics, pharmaceutical and animal feed. Rising demand for fortified food & beverages owing to a growing trend towards a healthy lifestyle is anticipated to drive natural antioxidants market growth over the forecast period. In addition, increasing use of natural antioxidants including vitamin C, vitamin E and polyphenols in cosmetics owing to their benefits on the post skin application is expected to aid the market growth. Moreover, an increase in the demand for these antioxidants for manufacturing quality animal feed to promote cattle growth and reduce the occurrences of diseases is likely to stimulate market growth. Vitamin C, polyphenols, carotenoids, and vitamin E are extensively used in manufacturing pharmaceutical supplements. Furthermore, growth of the healthcare industry on account of rising consumer spending on basic medical check-ups coupled with increasing focus of governments to provide its population with basic healthcare facilities is likely to drive the market growth in the coming years. However, abundant availability of synthetic antioxidants including BHA, BHT, propyl gallates and EDTA is expected to restrain market growth for natural antioxidants over the projected period. An increase in the demand for natural antioxidants in niche applications including coloring agents is expected to open new opportunities for the market in the projected period.

The Europe Natural Antioxidants market is segmented on the basis of Type and Application. On the basis of Type, it is segmented into Vitamin C-Based, Vitamin E-Based, Polyphenol-Based, and Carotenoid-Based. Natural sources such as plants, fruits, meats, herbs, and spices are rich in antioxidants. Vitamin C accounted for the largest share of the market as it is extensively used in pharmaceutical, food, beverages and feed applications. Due to the non-toxic nature vitamin C, it has found widespread use as pharmaceutical supplements. Vitamin E was predominantly used in animal feed application. Growing demand for animal feed on account of increasing consumption of dairy products and meat products on a Europe scale is expected to augment vitamin E market growth over the forecast period. Rising demand for functional food & beverages is expected to be the primary driver for augmenting polyphenol demand over the next seven years. Carotenoids were extensively used as an additive in manufacturing animal feed to impart coloration. However, the high price of carotenoids is expected to hamper adversely market demand. On the basis of Application, it is segmented into Food and Beverage, Pharmaceuticals, Animal Feed, and Others. Each type of antioxidant is used for different applications, as the functions performed by the products vary. Pharmaceuticals held the largest share of vitamin C over the forecast period. However, food segment is projected to witness the fastest growth due to the increasing demand for foods with natural additives. Vitamin E is frequently used as an additive in manufacturing animal feed as the antioxidant cannot be naturally synthesized by pigs and poultry. As a result, vitamin C is used extensively across feeds to promote animal growth.

On the basis of geography, the market is analyzed under various regions namely Germany, Italy, France, U.K. and Spain. Europe market is expected to grow due to the rising consumer awareness regarding general well-being. Growth of food and pharmaceutical industries in the region is expected to augment vitamin C market growth over the projected period. 

The market is dominated by companies like DSM, AB Vista, HR. Hansen, Novozymes A/s, Adisseo France S.a.s, BASF SE, Danisco A/s, Tianjin Jianfeng Natural Products Co. Ltd, Indena S.P.A, Naturex and Ajinomoto OmniChem.