The food antioxidants market refers to the industry involved in the production, distribution, and sale of antioxidants used in food products. Antioxidants are substances that prevent or delay oxidative damage to food products caused by oxygen, light, or heat, thus extending their shelf life and maintaining their quality.
Key drivers of food antioxidants market growth include:
The global food antioxidants market size was valued at US$ 1.5 billion in 2022 and is poised to grow from US$ 1.6 billion in 2023 to US$ 2.2 billion by 2028, growing at a CAGR of 6.2% in the forecast period (2023-2028).
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How does the Asia Pacific region's preference for prepared and functional foods & beverages impact the demand for food antioxidants in that region?
The synthetic segment is estimated to account for the largest food antioxidants industry share
Synthetic antioxidants, including butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), tert-butylhydroquinone (TBHQ), and propyl gallate (PG), are increasingly utilized in the production of various food products. These antioxidants are produced through a conventional industrial process involving a variety of ingredients, subjecting their addition to rigorous regulations imposed by governments worldwide. The primary purpose of synthetic antioxidants is to prolong the shelf life of food products while enhancing their texture, color, and aroma.
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The Road Ahead: Innovation and Natural Solutions
The future of food antioxidants lies in:
How the food antioxidants industry will develop in the future with several major players like Archer Daniels Midland (US), Tetra Laval (Switzerland), and BASF SE (Germany)?
Archer Daniels Midland Company (ADM) produces food & beverage ingredients, industrial ingredients, biofuels, and naturally derived alternatives to industrial chemicals. It operates through four segments- Agriculture services & oilseed, Carbohydrate solutions, Nutrition and Others. The Nutrition segment offers Food, beverages, nutritional supplements, and feed and premix for livestock, aquaculture, plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, enzymes, botanical extracts, and other specialty food and feed ingredients are among the ingredients and solutions manufactured, sold, and distributed.
Tetra Laval (Switzerland)
Tetra Laval is one of the top leaders in food processing & packaging solutions. The company’s business operation is segmented into three individual entities: Tetra Pak, DeLaval, and Sidel. Tetra Pak’s product portfolio includes carton packages, processing equipment, packaging equipment, and distribution equipment automation solutions and services. Tetra Pak is a leading provider of processing equipment for the food & beverage industry. Tetra Pak products are uniquely equipped to provide solutions that meet their customers’ entire needs. Tetra Pak has operations in more than 160 countries across regions, including Asia Pacific, Europe & Central Asia, the Americas, and Greater Middle East & Africa, with over 55 plants. Of these 55, 15 are exclusively dedicated to processing solutions production facilities, 11 R&D units, and 11 technical centers. The company specializes in providing complete solutions specifically designed to be economical to process & package dairy products, juices & nectars, ice cream, cheese, dry foods, fruits, and vegetables using Tetra Pak lines, particularly for the developing market.
BASF SE manufactures chemical products, operating in a variety of markets, including chemicals, plastics, performance products, agricultural solutions, and oil and gas. BASF SE operates through seven business segments-Chemicals, Materials, Industrial Solutions, Surface Technology, Nutrition & Care, Agricultural Solutions and Others segment (includes oil & gas and other technical services). In the Nutrition & Care segment, involving the Care Chemicals and Nutrition & Health divisions, they serve the growing and increasingly sophisticated demands for fast-moving consumer goods. This includes food and feed manufacturers, as well as pharmaceutical, cosmetics, detergent, and cleaner manufacturers. They also provide technical applications, crop protection, and nutrition solutions.