Rise in investment & product approval by regulatory authorities and surge in demand from the food & beverage industry drive the growth of the global antioxidants market
PORTLAND, Ore., March 14, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Antioxidants Market by Type (Natural Antioxidants and Synthetic Antioxidants), Form (Dry and Liquid), and Application (Food & Feed Additives, Pharmaceuticals & Personal Care Products, Fuel & Lubricant Additives, Plastic; Rubber;& Latex Additives, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2031". As per the report, the global antioxidants industry was accounted for $3.43 billion in 2020, and is expected to reach $7.37 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031.
Drivers, restraints, and opportunities
Rise in investment & product approval by regulatory authorities and surge in demand from the food & beverage industry drive the growth of the global antioxidants market. However, disruption of supply chain and outbreak of Covid-19 pandemic hampered the market. On the contrary, rise in population and rise in demand from the pharmaceutical industry would open new opportunities in the future.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/1829
Covid-19 scenario:
- The Covid-19 pandemic negatively affected the market due to sudden change in lifestyle, health and wellbeing, and decline in manufacturing because of lockdown restrictions.
- The import and export restrictions on goods and quarantine disrupted the supply chain.
The synthetic antioxidants segment held the largest share
By type, the synthetic antioxidants segment held the largest share in 2020, accounting for more than three-fifths of the global antioxidants market, due to rise in demand for synthetic antioxidants because of rise in population. However, the natural antioxidants segment is expected to register the highest CAGR of 7.5% during the forecast period, owing to their fewer side effects on health.
The plastic, rubber, & latex additives segment dominated the market
By application, the plastic, rubber, & latex additives segment held the lion's share in 2020, contributing to nearly one-third of the global antioxidants market, due to increased use of antioxidants used in the plastic and rubber industry. However, the fuel & lubricant additives segment is estimated to manifest the highest CAGR of 7.4% from 2022 to 2031.
LAMEA, followed by North America, to manifest the highest CAGR by 2031
By region, the global antioxidants market across LAMEA, followed by North America, is expected to register the highest CAGR of 7.3% during the forecast period, due to several health & food problems. However, the market across Asia-Pacific dominated in 2020, holding around one-third of the market, as China is the largest producer of vitamin C.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1829
Major market players
- 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.
- Naturex S.A.
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information:https://www.alliedmarketresearch.com/library-access
Similar Reports:
Breakfast Food Market: Global Opportunity Analysis and Industry Forecast 2021-2030
Canned Tomatoes Market: Global Opportunity Analysis and Industry Forecast 2021-2030
Wine Chocolate Market: Global Opportunity Analysis and Industry Forecast 2021-2030
Breakfast Cereals Market: Global Opportunity Analysis and Industry Forecast 2021-2030
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web:https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
