Market Overview:
Natural antioxidants are obtained entirely from natural sources. They are abundantly available in in a wide of natural sources including plants, fruits, meats, herbs, and spices. Natural oxidants are naturally sourced additives capable of delaying or preventing the rancidity of food due to oxidation, which also assist in lengthening the shelf-life of the products. Natural oxidants are applicable in wide range of industries including bakery & confectionery, dairy & frozen desserts, beverages, oil and fats, sweet & savory snacks, sports nutrition, meat products and others.
Market Forecast:
Natural antioxidant is gaining popularity in the convenience food industry by its multiple applications such as to increase the shelf life, nutrition and product appearance. Owning to rising demand for clean label products, natural food antioxidants is anticipated to gain substantial growth over the forecast period.
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Increasing health awareness and inclination towards consumption of organic foods is also driving the growth of the market. Moreover, growing trend of organic personal care products is adding fuel to the growth of the market. Additionally, continuous innovations and new product launches by key players is having a positive impact on the growth of the market. However, cheap substitute of natural antioxidant may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 8.5% of natural antioxidants market during the forecast period 2017-2023.
Downstream Analysis:
On the basis of source, natural antioxidants market is segmented into vitamin C, vitamin E, polyphenol, carotenoid and others. Among all, vitamin C is projected to be dominating the market followed by vitamin E. High awareness about the benefits associated with vitamin C among the consumers is driving the growth of this segment. However, polyphenol based natural oxidants are projected to gain moderate growth over the forecast period.
Based on the application, natural antioxidants is segmented into bakery and confectionery, dairy and frozen desserts, beverages, oil and fats, sweet and savory snacks, sports nutrition, meat products and others. Among all, meat products segment is dominating the market owing to easy degradation of these products. However, the sports nutrition segment is expected to witness a substantial growth in the coming years followed by dairy and frozen desserts market.
Competitive Analysis:
The major players in the Natural Antioxidants Market,
Archer Daniels Midland Company (U.S.)
DSM (The Netherlands)
BASF (Germany)
DuPont Nutrition & Health (Denmark)
AJINOMOTO (Japan)
Adisseo (China)
Hansen (Denmark)
Regional Analysis:
The global Natural antioxidants market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is anticipated to be dominating the natural antioxidants market. India, China and Australia are the major contributors in the growth of natural antioxidants market in this region. Rising health awareness is further boosting the growth of natural antioxidants market in this region.
North America is projected to be the second largest market followed by Europe. High inclination towards functional food and beverages in the U.S. is driving the growth of natural antioxidants in this region. Latin America and MEA is also expected to grow in natural antioxidants market over the estimated period.
Market Segmentation:
Natural Antioxidants Market is segmented on the basis of source, application, and region.
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