Increasing health concerns among consumers and growing awareness regarding natural antioxidants benefits are presumed to have positive impact on the global natural antioxidants market. Baked food, meat & poultry, fuel additives, pharmaceuticals, fish & sea food, and oils & fats are key end-use industries. Cancer prevention, cholesterol decline and anti-aging properties are benefits attributable to antioxidant usage. Such encouraging benefits coupled with growing pharmaceuticals and cosmetic applications in the emerging economies are projected to augment the market. Rising nutritious food demand among the consumers along with growing health concerns about synthetic antioxidants adverse effects is presumed to further encourage the global market growth. Increasing difficulty in sourcing raw materials coupled with increasing prices is anticipated to hamper the market development over the forecast period. Research on developing novel applications and antioxidant blending processes provide abundant opportunities for key industry players.
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Developed regions including Europe and North America dominated the global natural antioxidants market over the recent years due to myriad applications across numerous industries. Emerging regions are witnessing sharp growth in population, disposable income and increasing health awareness. Such a trend is predicted to bolster the regional markets, especially in emerging economies such as China, India and Brazil.
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Prominent market participants are engaging in strategic partnerships and alliances to overcome bottlenecks such as uncertainty in raw material availability and supply chain distortions. R&D initiatives to outline reasonable raw material reserves and reduce operating costs promise ample opportunities for the existing participants as well as new entrants in the market. Key natural antioxidant market participants include Adeka Corp, Ashland Inc, Songwon Industrial Co Ltd, Danisco A/s, BASF SE, Akzonobel NV, Albermarle Corp, Prinova USA, Chemtura Corp, Ajinomoto Omnichem Natural Specialties, Cellmark USA LLC and KIC Chemicals Inc.
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