This market research report presents segmentation of the natural antioxidants market by type (vitamin C, vitamin E, polyphenols, and carotenoids), by application (food and beverage, pharmaceuticals, and animal feed), and by geography (APAC, Europe, North America, and ROW). The key vendors analyzed in this report are Archer Daniels Midland, DSM, DuPont, BASF, Ajinomoto, Naturex, Adisseo France, and Chr. Hansen.
Technavio’s market research analysts estimate the global natural antioxidants market to grow at a CAGR of around 10% between 2015 and 2019.Much of this market’s growth comes from the growing adoption of proactive personal healthcare practices among consumers. The APAC dominates the global market for natural antioxidants with a total market share of 37%. The region is expected to witness the fastest growth during the forecast period at a CAGR of 8%. The growing awareness of the benefits of naturally-sourced products and the demand for fortified foods and beverages from consumers is driving the market growth of this region.
The new market research report from Technavio provides a breakdown and analysis of the natural antioxidants segments by types.
“Of late, blended natural antioxidants are very much in demand. Vendors are introducing products that are composed of two or more natural antioxidants blended together. For instance tocopherols are being blended with rosemary extracts. Vitamin E and herbal extracts are mixed with synthetic antioxidants such as ascorbyl palmitate. Majority of the demand for such antioxidants is expected to come from Western Europe, where these products are used for prolonging the shelf life of food,” says Sriram Mohan, Lead Analyst, Chemicals & Materials, Technavio Research.
Vitamin C-based natural antioxidants dominates the market in terms of both revenue and consumption volume. This segment is expected to grow at a rate of 9% during the forecast period. Vitamin C-based natural antioxidants are readily available in the market and are used widely in functional foods and beverages. Citrus fruits are rich sources of vitamin C and are commonly used for the extraction of ascorbic acid or ascorbate, which has high antioxidant activity.
Segmentation of global natural antioxidants market by type
Source: Technavio Research
The key vendors in the global natural antioxidants market are Archer Daniels Midland, DSM, DuPont, BASF, Ajinomoto, Naturex, Adisseo France, and Chr. Hansen. The market is fragmented with the presence of a number of suppliers. This market is dominated by both core chemical companies and manufacturers of specialty ingredients. Vendors compete on the basis of price, innovation, quality and performance, and customer-centrism.
A more detailed analysis is available in the Technavio report, Global Natural Antioxidants Market 2015-2019.
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