Natural Antioxidants Market is expected to reach an extent of USD 1.36 billion by 2024 and 1.80 billion by 2029, recording a CAGR of about 5.69% throughout the foreseen period (2024 - 2029).
Natural antioxidants are vitamins, minerals, or nutrients that are used to inhabit the oxidation of other materials. During the oxidation process, some harmful products such as free radicals are generated, antioxidants are used to repair the cells of the body from the damage caused by free radicals. Natural antioxidants are found in fruits, spices, herbs, meats, and vegetables. These natural antioxidants can be classified into three groups that include vitamins, carotenoids, and phenolic compounds. Natural antioxidants are very helpful in treating skin and hair related problems, as they can prevent aging, wrinkles, acne, and hair loss. The increasing use of natural antioxidants in the food, cosmetic and pharmaceutical industries is driving the growth of this market around the world.
The size of the global natural antioxidants market is expected to increase due to the increasing demand for antioxidants in food and beverage, cosmetics, pharmaceuticals and feed. The growing demand for fortified foods and beverages due to the growing trend towards a healthy lifestyle is expected to drive the global market during the forecast period. Also, the increased use of natural antioxidants, such as vitamin C, vitamin E, and polyphenols in cosmetics, due to their benefits in skin health, is expected to drive market growth. Besides, the increasing demand for these antioxidants in the manufacture of quality animal feed to promote livestock growth and reduce diseases is likely to drive market growth. Currently, vitamin C, vitamin E, carotenoids, and polyphenols are widely used in the manufacture of pharmaceutical supplements. The expansion of the healthcare sector due to increased consumer spending on basic medical exams, coupled with the government's increasing focus on providing its population with basic healthcare facilities, driving market boom in the coming years. The demand for higher quality cosmetic products has increased over the last decade due to increased awareness of skin disorders, including aging wrinkles, dark circles, loss of skin elasticity and flexibility skin and dull skin. Natural antioxidants help counteract the creation and presence of free radicals in the body that pose a threat to lipids, proteins and DNA and help to beautify the skin.
Additionally, sales of natural antioxidants are constantly increasing in the cosmetic industry due to their wide use as preservatives to enhance the shelf life of many formulations. This, in turn, will likely provide prospects for sustainable growth in the global market for natural antioxidants. However, the abundant availability of synthetic antioxidants, including BHA, BHT, propyl gallates, and EDTA, is expected to limit the growth of the global natural antioxidant market over the projected period. The increasing demand for natural antioxidants in specific applications, including colorants, is expected to open up new opportunities for the market during the projected period.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
5.69 % |
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Segments Covered |
By Product, Application And Region |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Ajinomoto, DSM, Anjin Jianfeng Natural Products Co. Ltd., Indena S.P.A, DuPont, Danisco, Archer Daniels Midland, and Prinova. |
The Global Natural Antioxidants market can be divided based on Product and Application. Natural antioxidants are found in abundance from a variety of natural sources, including plants, fruits, meats, herbs, and spices. Vitamin C dominated the global market in 2014 as it is widely used in pharmaceutical, food, beverage and feed applications. Also, the non-toxicity of vitamin C has led to its widespread use as pharmaceutical supplements. Vitamin E is used primarily in animal feed applications. The increasing demand for animal feed due to the increasing consumption of dairy and meat products globally is expected to boost the growth of the vitamin E market during the forecast period.
The growing demand for functional foods and beverages is expected to be the main driver of increased demand for polyphenols in the coming years. Each type of antioxidant is used for different applications because the functions that products perform vary in their nature. For example, vitamin C is widely used in small doses in the manufacture of pharmaceuticals because it reduces the risk of cancer and the occurrence of cardiovascular disease. In addition, it is used in the treatment of colds. Pharmaceuticals are likely to remain the largest application segment for vitamin C during the forecast period.
The Global Natural Antioxidants Market has been divided by geography as North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. North America is foreseen to rule the market for natural antioxidants during the envisioned period. The United States is expected to be the largest contributor to the natural antioxidant industry in this region. The strong demand for organic and natural products among the American population is the main driver of the growth of the North American market for natural antioxidants. Europe also has a significant share of the world market. The preference of makers in the food and cosmetic sector for natural ingredients is complementing the call for natural antioxidants in the European locale. However, Asia-Pacific is expected to be the fastest growing regional market during the envisioned period. The rising consumer awareness related to natural products followed by the developments in the food and beverage business in emerging nations is touted to accelerate the expansion of the natural antioxidants market in Asia-Pacific. In addition, the increasing adoption of natural antioxidants in animal feed will drive the growth of the natural antioxidant market in this locale.
Key players in the Global Natural Antioxidants Market include Ajinomoto, DSM, Anjin Jianfeng Natural Products Co. Ltd., Indena S.P.A, DuPont, Danisco, Archer Daniels Midland, and Prinova.
Chinese Yashili dairy agreed to purchase infant formula Oushi Mengniu business of its majority shareholder, Mengniu, for about $ 165 million.
SI Group, Inc. announced that it has entered into an agreement to acquire antioxidants, ibuprofen and related businesses and assets from Albemarle Corporation (NYSE: ALB). The transaction covers production units in the United States and China. This agreement will augment the antioxidant business of SI Group and reinforce its position as one of the leading three suppliers of ibuprofen in the world.
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Frequently Asked Questions
Natural antioxidants are compounds found in certain foods and plants that help protect cells from damage caused by free radicals. Free radicals are unstable molecules that can cause oxidative stress in the body, leading to various health issues such as inflammation, aging, and chronic diseases. Natural antioxidants work by neutralizing free radicals, thereby reducing oxidative damage and promoting overall health.
Some examples of natural antioxidants include vitamin C, vitamin E, beta-carotene, selenium, flavonoids, polyphenols, and carotenoids. These antioxidants are commonly found in fruits, vegetables, nuts, seeds, whole grains, herbs, and spices. Foods rich in natural antioxidants include berries, citrus fruits, spinach, kale, broccoli, nuts, seeds, green tea, and dark chocolate.
You can incorporate more natural antioxidants into your diet by eating a variety of fruits, vegetables, nuts, seeds, whole grains, herbs, and spices. Aim to include a colorful array of plant-based foods in your meals, as different colors indicate different antioxidant compounds. For example, red and purple fruits and vegetables are rich in anthocyanins, while orange and yellow fruits and vegetables are high in beta-carotene.
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