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
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Antioxidants and Health Benefits
- Natural and Synthetic Antioxidants - A Review
- Global Food Antioxidants Market Set for a Rapid Growth
- Global Food Antioxidants Market Propelled by Rising Incidence of Cardiovascular Diseases, and Growing Awareness about its Health Benefits
- Strong Demand for Processed Food due to Increasing Disposable Incomes Provides Significant Market Opportunity
- Rise of Middle Class Population and their Increasing Affordability of Processed Food to Benefit Food Antioxidants Market
- Growing Urbanization Propels the Market for Food Antioxidants
- Health Concerns Related to Synthetic Antioxidant Make Consumers Shift towards Natural Antioxidants
- Increasing Demand for Natural Antioxidants Market to Spur Market Growth
- Extending Shelf-life of Meat Products with Natural Antioxidants
- Active Players in United States
- Active Players in Canada
- Active Players in Japan
- Active Players in China
- Active Players in France
- Active Players in Germany
- Active Players in Italy
- Active Players in United Kingdom
- Active Players in Spain
- Active Players in Russia
- Active Players in Rest of Europe
- Active Players in Australia
- Active Players in India
- Active Players in South Korea
- Active Players in Rest of Asia-Pacific
- Active Players in Argentina
- Active Players in Brazil
- Active Players in Mexico
- Active Players in Rest of Latin America
- Active Players in Iran
- Active Players in Israel
- Active Players in Saudi Arabia
- Active Players in United Arab Emirates
- Active Players in Rest of Middle East
- Active Players in Africa
- Total Companies Profiled: 41
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