Global Natural Antioxidants Market is expected to exhibit a strong 5.7% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global natural antioxidants market is mainly driven by the growing demand for antioxidants and the growing awareness among consumers about the availability of natural variants rather than artificial, synthetic varieties. Natural antioxidants play a crucial role in the human body by warding off free radicals and thus keeping the body free from a number of deadly diseases, including cancer, arthritis, and more. This has driven their demand in the personal care products sector, as the demand for supplements and other delivery means has grown rapidly over the last few years.
The report from Market Research Future (MRFR) presents a comprehensive, detailed breakdown of the global natural antioxidants market, including a detailed review of the market’s historical growth trajectory and clear indicators into the direction the market is likely to take in the coming years. The major drivers and restraints affecting the global natural antioxidants market are assessed in detail in the report in order to present a comprehensive market review to the readers. Comprehensive information about the market’s historical growth trajectory and current situation is presented in the report. This makes the report a must-have accessory for all kinds of interested parties operating in the natural antioxidants market.
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Natural antioxidants have been in use in traditional medicine for a number of years. However, merging with modern medicine has given the old traditions a new makeover, making natural antioxidant products attractive to urban and younger consumers, who have emerged as a major consumer group for the natural antioxidants market. Marketing for natural antioxidants is also increasingly likely to focus on the urban consumer demographic, as that represents the strongest chance of success for the natural antioxidants market. This is likely to remain a key driver for the global natural antioxidants market over the forecast period. The growing animal nutrition industry is also likely to provide a major boost to the global natural antioxidants market, as consumers in the animal nutrition industry have become increasingly picky about providing top-class care to their animals and ensuring their health in the long run.
Leading players in the global natural antioxidants market include Kalsec Inc., Prinova Group LLC, Ajinomoto Co. Inc., Chr. Hansen Holding A/S, Frutarom Industries Ltd., Adisseo, DowDuPont, BASF SE, Koninklijke DSM N.V., and Archer Daniels Midland Company.
In October 2019, Layn Corp. announced a new natural antioxidant product line called TruGro AOX. This can be used in pet food, premixes, animal feed, and fats and oils.
The global natural antioxidants market is segmented on the basis of type, form, application, and region.
By type, the global natural antioxidants market is segmented into vitamin E, vitamin C, carotenoids, rosemary extract, and others.
By form, the global natural antioxidants market is segmented into dry and liquid.
By application, the global market is segmented into food and beverages, personal care, animal feed, and others. The food and beverages segment are further sub-segmented into bakery and confectionary products, dairy and frozen desserts, beverages, sweet and savory snacks, and others.
North America is likely to remain the top dog in the global natural antioxidants market over the forecast period, with the U.S. emerging as the leading producer and consumer of natural antioxidant products. North America has a large market for animal feed supplements, as the animal feed industry has grown at a rapid growth rate in the region over the last few years. The growing demand for natural versions of antioxidants instead of synthetic antioxidants is likely to be a major driver for the natural antioxidants market in North America over the forecast period.
Europe is also a leading regional market for natural antioxidants and is likely to retain a strong share over the forecast period.
Asia Pacific is likely to exhibit the fastest growth over the forecast period.
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