Food Antioxidants Market Growth, Trends and Forecasts (2020 - 2025)
発行: Mordor Intelligence Pvt Ltd
ページ情報: 英文 110 Pages
Global food antioxidants market is growing at a CAGR of 6.0% during the forecast period (2019-2024).
The global food antioxidants market is segmented by types which include natural and synthetic. Based on form, the market is segmented into liquid and dry form. Based on the application, the market is segmented into processed food, beverages, fats & oils, and others. The report further analyses the food antioxidants market based on geography (which includes North America, Europe, Asia-Pacific, South America and the Middle East, and Africa).
Increased Consumption of Bakery & Confectionery Products
The demand for the use of antioxidants is increasing in recent years, owing to the effect of antioxidants in bakery products that have been reviewed and found to be effective in enhancing shelf life. Natural antioxidants are found to be effective for improving the shelf life of bakery products. Even though baking processes lower the antioxidative activity, but techniques such as encapsulation of antioxidants can retain their activity.
North America & Europe are the fastest growing region
North America & Europe is expected to grow the fastest growing region due to easy availability of food and heavy food subsidization by the government, especially in United States. In Asia-Pacific, the major share of the market is held by the Australia, China, India, and Singapore. Product development by the companies of these region trigger the growth of the market. For instance, NuttZo launched two new vegans Bold BiteZ flavor, packed with antioxidants.
The global market for food antioxidants is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. For instance, events of new packaging technologies including increased use of MAP and gases as antioxidants. Also, nanotechnology is expected to play a significant role in the betterment of delivery systems for sensitive oils, such as omega-3 fatty acids in the food antioxidants industry. Similarly, BASF SE will be investing for its Irganox 1010 antioxidant by 40% worldwide through expansion projects at its sites in Jurong, Singapore, and Kaisten, Switzerland, scheduled for completion by 2021.