Technavio, a leading provider of market research reports, has released its latest study on Natural Antioxidants Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. Nutraceuticals encompass a diverse array of food products, encompassing both ingredients and dietary supplements, which provide health and medical benefits. Phytochemicals, such as alkaloids, various terpenoids, and polyphenols, serve as a substantial source for nutraceutical ingredients. These phytochemical compounds, functioning as antioxidants, constitute a crucial component of nutraceutical formulations. Antioxidants, including established vitamins like vitamins C and E and emerging ingredients like lutein and lycopene, are increasingly favored by consumers due to their potential in combating degenerative and chronic diseases. The therapeutic potential of these antioxidant compounds may surpass that of drugs with solitary mechanisms of action, given their multifaceted benefits.
The global natural antioxidants market size is estimated to grow by USD 669.6 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.07% during the forecast period. Rising demand of natural antioxidants from personal care industry is driving market growth, with a trend towards growing demand for nutraceutical antioxidants However, high product cost poses a challenge.Key market players include A and B Ingredients Inc., Adisseo Co., Air Liquide SA, Archer Daniels Midland Co., Ashland Inc., BASF SE, BIOTECNOLOGIAS APLICADAS SL, Cargill Inc., DuPont de Nemours Inc., Eastman Chemical Co., IMCD NV, Indena S.p.A., Kalsec Inc., Kemin Industries Inc., Koninklijke DSM NV, Prinova Group LLC, Ricela Health Foods Ltd., Synthite Industries Pvt. Ltd., and Trigon Antioxidants Pvt. Ltd..
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The global diversified chemicals market encompasses businesses producing a broad spectrum of chemical products, excluding those categorized under industrial gases, commodity chemicals, specialty chemicals, or fertilizers and agricultural chemicals. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of assorted chemical product lines. Key growth drivers for the global diversified chemicals market include burgeoning demand from emerging economies, such as China, Brazil, Indonesia, and India, which attract manufacturers due to favorable government initiatives, abundant labor, ample land availability, and minimal transportation expenses.
The Natural Antioxidants Market is experiencing significant growth, fueled by the Rising demand of natural antioxidants from personal care industry. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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The Natural Antioxidants Market represents a significant business opportunity due to increasing consumer awareness and preference for healthier food and beverage options. Key players in this market leverage the potential of natural antioxidants derived from various sources such as fruits, vegetables, and botanicals to cater to this demand. Market growth is driven by factors including rising health consciousness, expanding food and beverage industry, and technological advancements in extraction processes.
The Natural Antioxidants Market is witnessing significant growth due to the increasing demand for processed food products and the need to prevent oxidation and decomposition during processing. Antioxidants derived from barks, leaves, seeds, roots, nuts, trees, and plants are in high demand as they provide essential bioactive compounds that help extend the shelf life of food products and maintain their nutritional value. The market for natural antioxidants is not limited to the food industry alone. It also includes the demand for antioxidants in functional foods, dietary supplements, and nutraceuticals. The nutraceutical industry is particularly interested in natural antioxidants as they offer clean label products that resonate with consumers' preferences for natural and healthy options. Moreover, natural antioxidants find extensive applications in skincare and cosmetics, making them a valuable addition to the personal care industry. With the rise of online retail channels, the accessibility and availability of natural antioxidants have increased significantly, making them a popular choice for consumers worldwide. Overall, the natural antioxidants market is poised for continued growth, driven by the increasing demand for functional foods, dietary supplements, and clean label products, as well as the expanding applications in the nutraceutical and cosmetics industries.
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