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The global antioxidants market size was valued at $3,437.3 million in 2020, and is projected to reach $7,376.4 million by 2031, registering a CAGR of 6.9% from 2022 to 2031.
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Antioxidants Market Antioxidants Market Expected M Million illion by Expected to Reach by 2031 | CAGR 2031 | CAGR 6.9% to Reach $ $7,376.4 6.9% 7,376.4 Global Opportunity Analysis and Industry Forecast 2022–2031
Antioxidants Antioxidants Market Market Overview, 2031 Overview, 2031 The global antioxidants market size was valued at $3,437.3 million in 2020, and is projected to reach $7,376.4 million by 2031, registering a CAGR of 6.9% from 2022 to 2031. The synthetic antioxidants segment dominated the market in 2020, with more than half share, in terms of revenue. Antioxidants are the vital ingredients that provide longer shelf life to food products and are used as vitamin supplements in pharmaceutical industries. The global antioxidants market is anticipated to witness significant growth during the forecast period owing to decrease in antioxidant costs, increase in investment & approval of antioxidants by many regulatory authorities, and increase in demand for antioxidants in food & beverage industry. Developed economies are trending toward natural antioxidants such as rosemary extract, creating new growth opportunities for the market. On the other hand, Asia-Pacific is expected to show growth in the demand for synthetic antioxidants during the forecast period. Increase in the health problems and premature aging problems will have positive impact on the market of natural antioxidants. Germany is one of the largest contributors in the antioxidants market. Asia-Pacific regions are expected to project a CAGR of 6.4% in synthetic antioxidants owing to huge market for suppliers. Download Free Sample Report:
COVID COVID- -19 impact analysis 19 impact analysis • COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December 2020. • Antioxidants market is one of the least negatively impacted market due to pandemic. • Countries around the world imposed lockdowns, and curfews, which has hugely impacted lifestyles, health & wellbeing, and also affected the manufacturing industries. • Import and export restrictions on goods and quarantine and lockdown measures imposed by governments are key challenges, exporters are facing during this pandemic.
Key Market Players Key Market Players • Aland (Jiangsu) Nutraceutical Co. Ltd • Archer-Daniels-Midland Company • Barentz International BV • BASF SE • Cargill Incorporated • E.I.DuPont El Nemours and Company • Kalsec Inc • Kemin Industries, Inc • Koninklijke DSM N.V • Nutreco N.V • Naturex S.A
Key Findings Of The Study Key Findings Of The Study • The report provides a quantitative analysis of the current antioxidants market trends, estimations, and dynamics of the market size. • By type, the syndicate antioxidants segment dominated the global market in 2020, and is expected to retain its dominance throughout the forecast period. • On the basis of form, the dry segment led the global antioxidants market demand in 2020, and is expected to retain its dominance throughout the forecast period. • By application, the plastic, rubber, & latex additives segment dominated the global market in 2020, and is expected to retain its dominance throughout the forecast period. • Region wise, Asia-Pacific accounted for highest antioxidants market share in 2020, and is expected to grow at a CAGR of 6.4%.
Key Market Segments Key Market Segments Application TYPE Form • Dry • Liquid • Food and Feed Additives • Pharmaceuticals and Personal Care Products • Fuel and Lubricant Additives • Plastic, Rubber, and Latex Additives • Others • Natural Antioxidants • Synthetic Antioxidants
By Region By Region • North America • U.S. • Canada • Mexico • Europe • Germany • United Kingdom • France • Russia • Italy • Spain • Rest of Europe • Asia-Pacific • China • Japan • India • Australia • South Korea • Rest of Asia-Pacific • LAMEA • Brazil • United Arab Emirates • Argentina • Saudi Arabia • South Africa • Rest of LAMEA
FREQUENTLY ASKED QUESTIONS? FREQUENTLY ASKED QUESTIONS? • Q1. At what CAGR, the Antioxidants market will expand from 2022 - 2031? • A. The Antioxidants market will expand from 2022 – 2031 at a CAGR of 6.9%. • Q2. What will be the market value of Antioxidants market by the end of 2031? • A. The market value of Antioxidants market by the end of 2031 is $7,376.4 million. • Q3. Which are the top impacting factors of Antioxidants market growth? • A. Growth in demand for food & beverages, animal feed additives, and pharmaceuticals, and Increase in demand for rosemary extract are the Top impacting factors of Antioxidants market growth. • Q4. Who are the leading players in Antioxidants market? • A. The key leading players operating in this market include Archer-Daniels-Midland Company, BASF SE, E.I.DuPont El Nemours and Company, Barentz International BV, Kalsec Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Nutreco N.V., Cargill Incorporated, Aland (Jiangsu) Nutraceutical Co. Ltd., and Naturex S.A.. • Q5. What are the segments of Antioxidants market? • A. Type, Form, and Application are the segments of Antioxidants market. • Q6. What are the key growth strategies of Antioxidants market players? • A. Acquisitions and product launch are the growth strategies of Antioxidants market players. • Q7. By Type, which segment would exhibit the highest Share from 2022 - 2031? • A. Synthetic Antioxidants held the major share from 2022-2031.
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