Global Natural Antioxidant Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Antioxidants are any substance present in the form of nutrient, vitamin, or mineral that protects and repair cells in the body against free radicals. Vegetables and fruits are known to be the perfect source of antioxidants.
Prominent factors that are playing a major role in the growth of Natural Antioxidant Market are growing demand for fortified food & beverages, rising use of natural antioxidants like vitamin C, polyphenols, vitamin E in cosmetics, rising consumer spending, and development of healthcare industry, and government initiative to provide advanced facilities to its population. On the other hand, excessive use of chemicals like EDTA, BHA, propyl gallates, and BHT is estimated to restrain the overall market growth over the given period.
Natural Antioxidant Market is segmented based on product type, application, and region. Product type spans Carotenoids, Vitamin C, Polyphenols, Vitamin E, and others in the Natural Antioxidant Market.
Natural Antioxidant Market is segmented, geographically into America (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East, and Africa. Globally, Asia Pacific accounts for the largest share of Natural Antioxidant Market and is estimated to remain dominant over the period of time; the reason being, the presence of key manufacturers for foods, feed, and beverages. Moreover, China is the largest consumer of Natural Antioxidant Market as vitamin C is highly produced; followed by North America.
On the other hand, Latin America and MEA accounted for the significant market share of Natural Antioxidant Market; the reason being, growing consumer awareness with respect to general well-being.
The key players of Natural Antioxidant Market are Ajinomoto OmniChem Natural Specialties, DSM, Naturex, Archer Daniels Midland, Indena S.P.A., DuPont-Danisco, Tianjin Jianfeng Natural Products Co. Ltd (JF Naturals), and Prinova. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.