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The market encompasses a wide range of products derived from Cosmetics, Skincare, and the Nutraceutical industry. These antioxidants are essential in preventing the Oxidation/decomposition process, which can lead to damage in various applications. The market is driven by the increasing demand for Dietary supplements, Functional foods, and Clean label products. Natural antioxidants are sourced from various plant-based and nutrient-rich sources such as Trees/plants, Nuts, Roots, Seeds, Leaves, and Barks. These sources are rich in Bioactive compounds that offer numerous health benefits and help in neutralizing free radicals. Online retail channels have significantly influenced the market's growth, making these antioxidants easily accessible to consumers worldwide. The market is expected to witness a steady rise in demand due to the growing awareness of the health benefits of natural antioxidants and the increasing preference for clean label products. The market includes various products such as Stabilizers, Preservatives, and Color retention agents. These antioxidants find extensive applications in the Food and Beverage industry, Pharmaceuticals, and Cosmetics and Skincare industries. In conclusion, the market is poised for significant growth due to the increasing demand for natural and clean label products, the wide range of applications, and the availability of various sources.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The food and beverages segment is estimated to witness significant growth during the forecast period. The market encompasses a wide range of products derived from polyphenols, found in various plants, including fruits, vegetables, and herbs. These antioxidants have gained significant attention in the wellness industry, serving as pharmaceutical add-ons and essential components in the medicament sector. In the food category, they are used as additives in processed edibles, fortified foods, and beverages. Anti-aging products, cosmetics, and personal care items, such as moisturizers, body lotions, creams, shampoos, and conditioners, also incorporate natural antioxidants like butylated hydroxyanisole, rosemary extract, and tocopherols. These antioxidants help combat chronic disorders, such as heart problems and diabetes, by neutralizing free radicals and preventing oxidative stress.
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The food and beverages was the largest and was valued at USD 457.30 million in 2018. Natural antioxidants are sourced from various plants, including pine, rosemary, acerola seed, and green tea, in both dry and liquid forms. They are used as additives in various industries, including animal feed, pharmaceuticals, food, and cosmetics. Some common sources include pine bark extract, green tea extract, and tocopherols derived from plants like sunflower and wheat germ. In the food and beverages industry, natural antioxidants are used to extend the shelf life and maintain the quality of dairy & frozen desserts. In the pharmaceutical sector, they are used to enhance the efficacy of medicines and improve patient compliance. In the cosmetics business, they are used to improve the texture, appearance, and shelf life of personal care products. Overall, the natural antioxidant sector is a significant contributor to various industries, providing health benefits and functional advantages to consumers. The market for natural antioxidants is expected to grow due to increasing consumer awareness and demand for natural and organic products.
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APAC is estimated to contribute 55% to the growth of the global market during the forecast period. Technavioâs analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market encompasses various polyphenols derived from plants, which function as essential additives in both the pharmaceutical and wellness sectors. These antioxidants find extensive applications in the medicament sector, anti-aging products, cosmetics, and personal care industries. In the food category, they are used as additives in processed edibles, fortified foods, and beverages. Butylated hydroxyanisole (BHA) is a common natural antioxidant used as a preservative in food and animal feed. Rosemary Extract, Pine, Acerola seed, Green tea, and Tocopherols (Vitamin E) are some of the popular natural antioxidants. They are available in both dry and liquid forms and are used as additives in dairy & frozen desserts, personal care, food, and beverages. Polyphenols play a crucial role in mitigating chronic disorders, including heart problems and diabetes. The natural antioxidant sector continues to grow, driven by increasing consumer awareness and demand for healthier alternatives. The cosmetics business utilizes these antioxidants in moisturizers, body lotions, creams, shampoos, and conditioners to enhance their efficacy and appeal.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising demand of natural antioxidants from personal care industry is notably driving market growth. Natural antioxidants play a crucial role in counteracting the damaging effects of free radicals on the skin and body. Free radicals, which are unstable atoms or molecules, can cause oxidative stress by damaging cellular structures and genetic material. This oxidative stress can lead to inflammation, which disrupts the skin's regular self-repair systems, resulting in signs of aging such as hyperpigmentation, acne, and wrinkles. External factors like sunlight, pollution, environmental toxins, tobacco, and stress contribute to the production of free radicals.
Natural antioxidants work by scavenging these free radicals and neutralizing them, preventing further cell damage. Vitamin C is an example of a natural antioxidant that not only corrects signs of aging but also stimulates collagen production, which is essential for maintaining youthful-looking skin. With the growing population and increasing awareness of health and wellness, there is a rising demand for natural antioxidants as an alternative to synthetic antioxidants commonly found in petroleum products. Regulatory bodies continue to encourage the use of natural antioxidants in various industries, further fueling market growth. Thus, such factors are driving the growth of the market during the forecast period.
Growing demand for nutraceutical antioxidants is the key trend in the market. Antioxidants, primarily derived from natural sources such as phytochemicals, play a crucial role in the nutraceutical industry. These compounds, including alkaloids, terpenoids, and polyphenols, are found in various foods and serve as essential ingredients in dietary supplements due to their health benefits. Antioxidants' role in preventing degenerative and chronic diseases has gained significant attention among consumers, leading to the popularity of newer ingredients like lutein and lycopene.
In contrast to synthetic antioxidants commonly used in petroleum products, natural antioxidants offer a more holistic approach to health and wellness. Regulatory Bodies continue to encourage the use of natural antioxidants in food and nutraceutical products, making synthetic alternatives less desirable. As a result, the demand for natural antioxidants is expected to grow with the increasing population's health consciousness. Thus, such trends will shape the growth of the market during the forecast period.
High product cost is the major challenge that affects the growth of the market. Natural antioxidants, derived from various sources including plants and fruits, have gained significant attention in the market due to growing health consciousness among consumers. However, the cost of extracting these antioxidants from their natural sources, such as vitamin E from vegetable oil, can be quite high. This is because the raw materials used for their production are often in limited supply.
For instance, the cost of producing tocopherol, a type of vitamin E antioxidant, has risen in recent years due to the increasing demand for vegetable oil in various industries, including food and cosmetics, and its use as a fuel in petroleum products. Regulatory bodies have been encouraging the use of natural antioxidants over synthetic alternatives, which have been linked to health concerns. Despite the higher cost, natural antioxidants continue to be preferred due to their health benefits and consumer demand. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovatorâs stage to the laggardâs stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Adisseo Co. - The company offers natural antioxidants named Selisseo, which combines purity, reliability, stability, ease of use and 100 percent efficiency.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing demand for Cosmetics and organic skincare products with natural ingredients. The Nutraceutical industry, including Dietary supplements and Functional foods, is also driving the market forward. Bioactive compounds derived from Fruits, Vegetables, Herbs, Spices, Trees/plants, Nuts, Roots, Seeds, Leaves, and Barks are the primary sources of natural antioxidants. Clean label products are gaining popularity, leading to an increase in demand for natural antioxidants. Online retail channels are also contributing to the market's growth. Chronic diseases such as Cancer and Heart disease are fueling the need for natural antioxidants to counteract the harmful effects of Free radicals. Regulatory requirements and Organic certifications are essential factors influencing the market. Processed foods and Convenience foods, despite their shorter Shelf life, are also contributing to the market's growth. The Oxidation process is a significant challenge in the industry, leading to a focus on maintaining Freshness and Health benefits. Phenolics, a type of antioxidant, are in high demand due to their ability to neutralize Free radicals. The market is expected to continue its growth due to Urbanization, demands for vitamins, Carotenoids, and other antioxidants' health benefits.
Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.07% |
Market Growth 2024-2028 |
USD 669.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.45 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 55% |
Key countries |
China, US, Japan, Germany, UK, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A and B Ingredients Inc., Adisseo Co., Air Liquide SA, Archer Daniels Midland Co., Ashland Inc., BASF SE, BIOTECNOLOGIAS APLICADAS SL, Cargill Inc., DuPont de Nemours Inc., Eastman Chemical Co., IMCD NV, Indena S.p.A., Kalsec Inc., Kemin Industries Inc., Koninklijke DSM NV, Prinova Group LLC, Ricela Health Foods Ltd., Synthite Industries Pvt. Ltd., and Trigon Antioxidants Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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