Global Food Antioxidants Market to Reach $1.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Food Antioxidants estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 3.5% over the period 2020-2027. Natural Food Antioxidants, one of the segments analyzed in the report, is projected to record 3.8% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic Food Antioxidants segment is readjusted to a revised 3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $332.8 Million, While China is Forecast to Grow at 6.5% CAGR
The Food Antioxidants market in the U.S. is estimated at US$332.8 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$331 Million by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
Select Competitors (Total 41 Featured):
Amid the COVID-19 crisis, the global market for Food Antioxidants estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 3.5% over the period 2020-2027. Natural Food Antioxidants, one of the segments analyzed in the report, is projected to record 3.8% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic Food Antioxidants segment is readjusted to a revised 3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $332.8 Million, While China is Forecast to Grow at 6.5% CAGR
The Food Antioxidants market in the U.S. is estimated at US$332.8 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$331 Million by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
Select Competitors (Total 41 Featured):
- Archer Daniels Midland Company
- Barentz
- BASF SE
- Camlin Fine Sciences, Ltd.
- DowDuPont, Inc.
- Eastman Chemical Company
- Frutarom Industries Ltd.
- Kalsec, Inc.
- Kemin Industries, Inc.
- Koninklijke DSM NV
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
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