(EMAILWIRE.COM, February 07, 2019 ) Application of food antioxidants market in the prepared meat & poultry industry accounted for the largest share in 2015, and is projected to grow at the highest CAGR through 2022. Busier lifestyles, growth in disposable income and more women entering the workforce are the key reasons driving the market for convenience-based products such as prepared meat & poultry.
Report “Food Antioxidants Market – Global Forecast to 2022”, The food antioxidants market was valued at USD 1.05 Billion in 2015. It is projected to grow
at a CAGR of 5.10% from 2017, to reach 1.48 Billion by 2022. Market for food antioxidants is directly influenced by increase in purchasing power of global population, owing to their use in applications such as prepared foods, prepared meat & poultry, beverages, fats & oils, bakery & confectionery, and seafood.
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The objective of food antioxidents market report is to define, segment, and project the global market size of the food antioxidants market, based on type, form, application, source, and region. The report traces the various opportunities and challenges in the market for the stakeholders; it also draws out the competitive landscape of the market trends and projects the size of the food antioxidants market and its sub-markets, in terms of value (USD Million) and volume (Tons).
The food antioxidants market is driven by factors such as the increase in demand from the prepared food industry and increasing end-use applications of food antioxidants. The key players in the industry are directing their growth strategies in emerging economies by enhancing their research capabilities to develop product portfolios and strengthen their distribution base. The market for food antioxidants is largely associated with the sale of food products.
#Table of Content
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Regulatory Framework
8 Food Antioxidants Market, By Type
9 Food Antioxidants Market, By Form
10 Food Antioxidants Market, By Source
11 Food Antioxidants Market, By Application
12 Food Antioxidants Market, By Region
13 Food Antioxidants Market, By Product Functionality
14 Brand Overview
15 Competitive Landscape
16 Company Profiles
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The food antioxidants market has been segmented on the basis of type, form, source, and application which are further divided into their sub segments. It has also been segmented on the basis of region into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Synthetic antioxidants accounted for the largest market share in 2015. Emerging economies mostly rely on synthetic antioxidants due to their considerably lesser cost compared to natural antioxidants. However, natural antioxidants are gaining importance in the market and this segment is expected to grow with a much higher CAGR compared to that of synthetic antioxidants.
Leading players profiled in this report are as follows:
BASF SE (Germany)
E.I. Du Pont De Nemours and Company (U.S.)
Archer Daniels Midland Company (U.S.)
Koninklijke DSM N.V. (Netherlands)
Eastman Chemical Company (U.S.)
Camlin Fine Sciences, Ltd. (India)
Barentz Group (Netherlands)
Kemin industries, Inc. (U.S.)
Frutarom, Ltd (Israel)
Kalsec, Inc. (U.S.)
More Details on Food Antioxidants Market by Type (Natural, Synthetic), Form (Dry, Liquid), Source (Plant, Petroleum), Application (Fats & Oils, Prepared Foods/Meat/Poultry, Beverages, Bakery & Confectionery, Seafood), and Region – Global Forecast to 2022 report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=804419 .
Asia-Pacific is projected to be the fastest-growing regional market between 2017 and 2022. It was also the largest market for food antioxidants in 2015. Synthetic antioxidants accounted for a much higher share in Asia-Pacific making it the largest market. Improved standard of living and change in customer preference on prepared foods are driving the market for food antioxidants in this region.
Top players leading the food antioxidants market are E.I. Du Pont De Nemours and Company (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S.), Koninklijke DSM N.V. (Netherlands), Eastman Chemical Company (U.S.), Frutarom, Ltd (Israel), Barentz Group (Netherlands), Camlin Fine Sciences, Ltd. (India), Kalsec, Inc. (U.S.), and Kemin industries, Inc. (U.S.).
Break-up of Primaries:
By Company TypeTier 1- 60%, Tier 2- 25%, and Tier 3- 15%
By Designation Directors-35%, C Level -40%, and Manager Level – 25%
By Region North America-20%, Europe-30%, Asia-Pacific- 40%, and RoW-10%