Market Overview:
The global synthetic food antioxidants market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for processed and packaged foods, rising awareness about the benefits of synthetic food antioxidants, and growing concerns about the quality and safety of food products. The global synthetic food antioxidants market is segmented on the basis of type into dry and liquid additives. The dry additives segment is expected to account for a larger share in terms of revenue in 2018, owing to its high usage in various applications such as fats & oils, prepared foods (snacks & dairy), prepared meat & poultry, bakery & confectionery products, seafood items, and others. In terms of volume consumption too, this segment is projected to register a higher CAGR during the forecast period. On the basis of application,the global synthetic food antioxidants market is divided into five segments: fats & oils; prepared foods (snacks& dairy),prepared meat& poultry; beverages; bakery& confectionery products; seafood items;and others which include petfoods etc.
Product Definition:
Synthetic food antioxidants are chemicals that are added to foods to prevent them from spoiling. They are important because they help to keep foods fresh and tasting good.
Dry:
Dry is a natural process of removing water from the food. It helps in increasing the shelf life of processed or semi-processed foods such as bread, cookies, chips, and cereals by keeping them fresh and dry. The product also prevents mold growth on bread which makes it soft & fluffy after baking.
The global dry market was valued at USD 2 billion in 2015.
Liquid:
Liquid is a colorless and odorless liquid that can be made from natural or artificial (synthetic) sources. It is usually added to food as a preservative, flavoring agent, or nutritional supplement. Liquid antioxidants are used in synthetic food antioxidants to delay the oxidation of fats and oils; thus extending their shelf life. They also help prevent the development of rancidity by controlling the formation of free radicals during storage and processing.
Application Insights:
The market is categorized based on application into fats & oils, prepared foods (snacks & dairy, meat & poultry, beverages), bakery and confectionery products, and seafood. The fats and oils segment dominated the global market in terms of revenue share in 2017. This is attributed to the high consumption of edible oilseeds that are rich sources of antioxidants. Moreover, growing awareness regarding health benefits associated with polyunsaturated fatty acids is expected to boost demand for vegetable oil derived from plant sources such as soybean over other types of oil such as sunflower or palm over the forecast period.
Antioxidants are added to a variety of food products including dairy products like yogurt and cheese; snacks including chocolate bars; processed meats like bacon; frozen meals like ready-to-eat meals; breakfast cereals; fruits juices concentrates flavored milk powder ice cream which provide protection against oxidation damage caused by free radicals present in these foodstuffs thereby enhancing their shelf life stability texture color appearance.
Regional Analysis:
Europe dominated the global market in 2017, accounting for over 35.0% of the total revenue share. The region is expected to witness a significant growth rate of 5.6% from 2018 to 2030 owing to rising consumer awareness regarding health and nutritional benefits associated with natural-based products as compared to synthetic ones.
Growth Factors:
- Increasing demand for processed and packaged foods: The global processed food market is projected to grow at a CAGR of 5.4% from 2016 to 2021. This growth is attributed to the increasing urbanization and changing lifestyles, which have led to an increase in the demand for convenience foods.
- Rising awareness about the health benefits of antioxidants: There is a growing awareness among consumers about the health benefits of antioxidants, which is driving their demand for synthetic food antioxidants.
- Growing use of antioxidant additives in functional foods: Synthetic food antioxidants are being increasingly used as additives in functional foods such as energy bars, sports drinks, and fortified cereals owing to their ability to improve shelf life and protect against oxidation-induced damage.
- Technological advancements in antioxidant production: The technological advancements taking place in the field of antioxidant production are helping manufacturers produce high-quality synthetic food antioxidants at low costs. This is aiding the growth of this market considerably.
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Food Antioxidants Market Research Report
By Type
Dry, Liquid
By Application
Fats & oils, Prepared foods (snacks & dairy), Prepared meat & poultry, Beverages, Bakery & confectionery, Seafood, Others
By Companies
Frutarom, Ltd (Israel), Barentz Group (Netherlands), Camlin Fine Sciences, Ltd. (India), Kalsec, Inc (US), Kemin industries, Inc (US), E.I. Du Pont De Nemours and Company (US), BASF SE (Germany), Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), Eastman Chemical Company (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Food Antioxidants Market Report Segments:
The global Synthetic Food Antioxidants market is segmented on the basis of:
Types
Dry, Liquid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fats & oils, Prepared foods (snacks & dairy), Prepared meat & poultry, Beverages, Bakery & confectionery, Seafood, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Frutarom, Ltd (Israel), Barentz Group (Netherlands)
- Camlin Fine Sciences, Ltd. (India)
- Kalsec, Inc (US)
- Kemin industries, Inc (US)
- E.I. Du Pont De Nemours and Company (US)
- BASF SE (Germany)
- Archer Daniels Midland Company (US)
- Koninklijke DSM N.V. (Netherlands)
- Eastman Chemical Company (US)
Highlights of The Synthetic Food Antioxidants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dry
- Liquid
- By Application:
- Fats & oils
- Prepared foods (snacks & dairy)
- Prepared meat & poultry
- Beverages
- Bakery & confectionery
- Seafood
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Synthetic Food Antioxidants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Synthetic food antioxidants are chemicals that are not found in nature, but have been artificially created to help protect foods from oxidation.
Some of the key players operating in the synthetic food antioxidants market are Frutarom, Ltd (Israel), Barentz Group (Netherlands), Camlin Fine Sciences, Ltd. (India), Kalsec, Inc (US), Kemin industries, Inc (US), E.I. Du Pont De Nemours and Company (US), BASF SE (Germany), Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), Eastman Chemical Company (US).
The synthetic food antioxidants market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synthetic Food Antioxidants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Synthetic Food Antioxidants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthetic Food Antioxidants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Synthetic Food Antioxidants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Synthetic Food Antioxidants Market Size & Forecast, 2018-2028
4.5.1 Synthetic Food Antioxidants Market Size and Y-o-Y Growth
4.5.2 Synthetic Food Antioxidants Market Absolute $ Opportunity
Chapter 5 Global Synthetic Food Antioxidants Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Synthetic Food Antioxidants Market Size Forecast by Type
5.2.1 Dry
5.2.2 Liquid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Synthetic Food Antioxidants Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Synthetic Food Antioxidants Market Size Forecast by Applications
6.2.1 Fats & oils
6.2.2 Prepared foods (snacks & dairy)
6.2.3 Prepared meat & poultry
6.2.4 Beverages
6.2.5 Bakery & confectionery
6.2.6 Seafood
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synthetic Food Antioxidants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Synthetic Food Antioxidants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Synthetic Food Antioxidants Analysis and Forecast
9.1 Introduction
9.2 North America Synthetic Food Antioxidants Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Synthetic Food Antioxidants Market Size Forecast by Type
9.6.1 Dry
9.6.2 Liquid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Synthetic Food Antioxidants Market Size Forecast by Applications
9.10.1 Fats & oils
9.10.2 Prepared foods (snacks & dairy)
9.10.3 Prepared meat & poultry
9.10.4 Beverages
9.10.5 Bakery & confectionery
9.10.6 Seafood
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Synthetic Food Antioxidants Analysis and Forecast
10.1 Introduction
10.2 Europe Synthetic Food Antioxidants Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Synthetic Food Antioxidants Market Size Forecast by Type
10.6.1 Dry
10.6.2 Liquid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Synthetic Food Antioxidants Market Size Forecast by Applications
10.10.1 Fats & oils
10.10.2 Prepared foods (snacks & dairy)
10.10.3 Prepared meat & poultry
10.10.4 Beverages
10.10.5 Bakery & confectionery
10.10.6 Seafood
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Synthetic Food Antioxidants Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Synthetic Food Antioxidants Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Synthetic Food Antioxidants Market Size Forecast by Type
11.6.1 Dry
11.6.2 Liquid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Synthetic Food Antioxidants Market Size Forecast by Applications
11.10.1 Fats & oils
11.10.2 Prepared foods (snacks & dairy)
11.10.3 Prepared meat & poultry
11.10.4 Beverages
11.10.5 Bakery & confectionery
11.10.6 Seafood
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Synthetic Food Antioxidants Analysis and Forecast
12.1 Introduction
12.2 Latin America Synthetic Food Antioxidants Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Synthetic Food Antioxidants Market Size Forecast by Type
12.6.1 Dry
12.6.2 Liquid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Synthetic Food Antioxidants Market Size Forecast by Applications
12.10.1 Fats & oils
12.10.2 Prepared foods (snacks & dairy)
12.10.3 Prepared meat & poultry
12.10.4 Beverages
12.10.5 Bakery & confectionery
12.10.6 Seafood
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Synthetic Food Antioxidants Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Synthetic Food Antioxidants Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Synthetic Food Antioxidants Market Size Forecast by Type
13.6.1 Dry
13.6.2 Liquid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Synthetic Food Antioxidants Market Size Forecast by Applications
13.10.1 Fats & oils
13.10.2 Prepared foods (snacks & dairy)
13.10.3 Prepared meat & poultry
13.10.4 Beverages
13.10.5 Bakery & confectionery
13.10.6 Seafood
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Synthetic Food Antioxidants Market: Competitive Dashboard
14.2 Global Synthetic Food Antioxidants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Frutarom, Ltd (Israel), Barentz Group (Netherlands)
14.3.2 Camlin Fine Sciences, Ltd. (India)
14.3.3 Kalsec, Inc (US)
14.3.4 Kemin industries, Inc (US)
14.3.5 E.I. Du Pont De Nemours and Company (US)
14.3.6 BASF SE (Germany)
14.3.7 Archer Daniels Midland Company (US)
14.3.8 Koninklijke DSM N.V. (Netherlands)
14.3.9 Eastman Chemical Company (US)
