NEW YORK, May 11, 2017 /PRNewswire/ — Growing Regional Demand from Food Categories and Increasing Awareness on Human Cell Health
This research service identifies the regulatory, product, market, and technology trends as well as the major drivers and restraints in the global antioxidants market. The study focuses on different food end application segments (oils and fats, bakery and confectionery, meat and poultry, dairy, and other segments such as frozen food, salads, and dessert). Various product types are considered in the study.
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Among these are antioxidant ingredients derived from natural extracts (rosemary and mixed tocopherol) and synthetic substances (BHA, BHT, TBHQ, Ascorbyl Palmitate, and Propyl Gallate). The study also encompasses an in-depth regional demand and competitive analysis for the global antioxidants market.
The global antioxidants market is estimated at $377.1 million as of 2016 and is forecast to reach $485.17 million by 2021, recording a compound annual growth rate (CAGR) of 5.2%. A growing demand for convenient food products and in other food segments, increasing awareness on prevention against diseases, and product innovations by industry participants are the major factors that are contributing to the growth of this market.
There is a strong preference for natural antioxidants due to their minimal side effects (as opposed to synthetic antioxidants). Most food companies have a strong demand for natural ingredients to ensure that their products meet the clean label requirements. Antioxidant manufacturers focus on providing customized products so as to suit customer requirements globally. This trend is expected to grow in future. With population growth, increase in disposable income, and changing lifestyles, a strong demand from Asia-Pacific is expected to propel market growth, as…