(I-BusinessNews.Com, July 02, 2021 ) Players in the food antioxidants market are increasingly adopting mergers and acquisition strategies to expand the product portfolio and expanding operations in different geographies. Mergers and acquisitions give growth opportunities to the players in the industry to maximize revenues through geographic and product portfolio expansion. For instance, in April 2021, Kemin Industries, a leading ingredient manufacturer acquired Proteus Industries Inc. for an undisclosed amount. Through this acquisition, Kemin expects to expand its portfolio by adding clean label phosphate alternatives, meat block replacement and fat block solution along with the technology and human resources that Proteus has to offer. Proteus Industries is a food ingredient manufacturer that developed clean-label protein ingredients.
The food antioxidants market consists of sales of food antioxidants by entities (organizations, sole traders and partnerships) that manufacture food antioxidants naturally or synthetically. Food antioxidants are the molecules which neutralize the free radicals, destabilize the molecules to protect cells from damage. Some major food antioxidants are mainly found in fruits, vegetables, vitamins such as E and C and other plant-based foods.
Food Antioxidants Market Report Segments:
1) By Type: Natural, Synthetic
2) By Form: Dry, Liquid
3) By Source: Fruits And Vegetables, Oils, Spices And Herbs, Botanical Extracts, Gallic Acid, Others
4) By Application: Fats And Oils, Prepared Foods, Prepared Meat And Poultry, Seafood, Bakery And Confectionery, Plant Based Alternatives, Nutraceuticals, Others
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Food Antioxidants Market Size Forecast:
The global food antioxidants market is expected to grow from $1.27 billion in 2020 to $1.35 billion in 2021 at a compound annual growth rate (CAGR) of 6.71%. The growth is mainly due to the increase in demand for food antioxidants, owing to rise in the consumption and demand of processed food, increasing R&D in the field shift toward natural growth promoters, and increasing awareness for healthier alternatives. The food antioxidants market is expected to reach $1.87 billion in 2025 at a CAGR of 8.49%.
Major Players in the Food Antioxidants Market:
Koninklijke DSM N.V.
Kemin Industries, Inc
Eastman Chemical Company
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Food Antioxidants Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, food antioxidants market segments and geographies, food antioxidants market trends, drivers, restraints, leading competitorsÂ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitorsÂ approaches.
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