Authored By: Sarah
01 Sep 2024

Natural Antioxidants Market Size to grow by USD 669.6 million between 2024-2028

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.

Key Highlights

Growth Projections

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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Major Findings

  • The natural antioxidants market is experiencing significant growth due to the increasing demand from the personal care industry. Antioxidants, which neutralize free radicals and prevent oxidative damage, are essential components in various cosmetic products. Natural antioxidants, derived from plant and animal sources, are gaining popularity over synthetic alternatives due to consumer preference for natural and organic products. This trend is expected to continue, driving market growth in the coming years.

  • The consumption of processed food has surged in recent years, leading to a significant increase in demand for natural antioxidants. These substances, derived from natural sources such as fruits, vegetables, and herbs, help neutralize free radicals and prevent oxidative damage to cells. Natural antioxidants are gaining popularity in the food industry due to their health benefits and consumer preference for clean-label products. The global natural antioxidants market is expected to grow at a steady pace, driven by increasing health consciousness and the rising demand for functional foods.

  • The Natural Antioxidants Market is characterized by a higher cost structure due to the intricate extraction processes involved in obtaining these compounds from natural sources. These sources include fruits, vegetables, and certain plant extracts. The premium pricing is justifiable given the numerous health benefits associated with natural antioxidants, such as their ability to neutralize free radicals and reduce oxidative stress. Manufacturers must balance the cost of production with the demand for these valuable health-promoting ingredients.

  • The natural antioxidants market faces competition from synthetic antioxidants, which are often cheaper and more widely used in various industries. However, the growing health consciousness among consumers and increasing awareness of the potential health risks associated with synthetic antioxidants are driving demand for natural alternatives. Key natural antioxidants include vitamin C, vitamin E, and carotenoids, among others. These natural antioxidants offer numerous health benefits and are gaining popularity in food, pharmaceutical, and cosmetic industries. Despite the presence of substitutes, the natural antioxidants market is expected to grow at a significant rate due to their health benefits and consumer preference.

Market Research Overview

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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Regional Insights

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.

Research Analysis Overview

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.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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