Published by Coherent Market Insights
Posted on September 16, 2021
Antioxidants are an essential ingredient that increases the shelf-life of the food &beverage products by preventing oxidation. They are also referred to as shelf-life extenders and are used as food additives. They are also used in the cosmetic industry for the manufacturing of anti-aging skincare products as they protect cell membranes and stop the oxidation process.
The global antioxidants market is projected to reach around US$ 4,556.4 million by the end of 2027, in terms of revenue, growing at CAGR of 5.6% during the forecast period (2020-2027).
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Drivers:
Growth in global meat consumption and production is expected to augment the market growth of the antioxidants. Antioxidants are used across the animal feed industry to support cattle growth and reduce the chances of disease. According to the Food and Agriculture Organization of the United Nations, overall world meat production increased by 1.25% to 323 Mt in 2017, with moderate increases in the production of bovine and poultry meats and more modest gains in pig and sheep meat.
Rising demand for antioxidants from the cosmetic industry for manufacturing various skincare especially anti-aging creams is expected to fuel the market growth of anti-oxidants. Moreover, growing demand for men’s skincare products is also expected to foster the market growth of the anti-oxidants. In the cosmetic industry natural antioxidants such as vitamin E, vitamin C, and polyphenols are widely used due to their post skin application benefits.
Market Opportunities
Increasing demand for antioxidants from bakery &confectionary food products due to rising consumption of bakery products is projected to offer numerous opportunities to the market of antioxidants. According to The University of British Columbia, bread sales accounted for the largest portion of baked goods sales each year. In 2017, bread sales accounted for $3.5 billion (USD) or almost 63% of total sales that years.
Global Antioxidants Market – Impact of Coronavirus (Covid-19) Pandemic
Food being an essential commodity, the demand for food additives such as antioxidants is expected to rise during the pandemic and post pandemic conditions, worldwide. Coronavirus (Covid-19) has majorly impacted the food & beverages industry and in turn has changed the dynamics of entire ecosystem including raw material suppliers supplying food additives. Lockdown in various nations such as India, China and Spain, among others and cease in the subsequent trade activities has paralyzed the supply chain. Lockdown in various countries is expected to impact supply chain system of antioxidants which will hamper growth of antioxidants market for short period.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/3997
Competitive Section:
Company Names
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Antioxidants Market Report Examines Latest Trends And Key Drivers Supporting Growth Till 2027 appeared first on Gatorledger.
Antioxidants are an essential ingredient that increases the shelf-life of the food &beverage products by preventing oxidation. They are also referred to as shelf-life extenders and are used as food additives. They are also used in the cosmetic industry for the manufacturing of anti-aging skincare products as they protect cell membranes and stop the oxidation process.
The global antioxidants market is projected to reach around US$ 4,556.4 million by the end of 2027, in terms of revenue, growing at CAGR of 5.6% during the forecast period (2020-2027).
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/3997
Drivers:
Growth in global meat consumption and production is expected to augment the market growth of the antioxidants. Antioxidants are used across the animal feed industry to support cattle growth and reduce the chances of disease. According to the Food and Agriculture Organization of the United Nations, overall world meat production increased by 1.25% to 323 Mt in 2017, with moderate increases in the production of bovine and poultry meats and more modest gains in pig and sheep meat.
Rising demand for antioxidants from the cosmetic industry for manufacturing various skincare especially anti-aging creams is expected to fuel the market growth of anti-oxidants. Moreover, growing demand for men’s skincare products is also expected to foster the market growth of the anti-oxidants. In the cosmetic industry natural antioxidants such as vitamin E, vitamin C, and polyphenols are widely used due to their post skin application benefits.
Market Opportunities
Increasing demand for antioxidants from bakery &confectionary food products due to rising consumption of bakery products is projected to offer numerous opportunities to the market of antioxidants. According to The University of British Columbia, bread sales accounted for the largest portion of baked goods sales each year. In 2017, bread sales accounted for $3.5 billion (USD) or almost 63% of total sales that years.
Global Antioxidants Market – Impact of Coronavirus (Covid-19) Pandemic
Food being an essential commodity, the demand for food additives such as antioxidants is expected to rise during the pandemic and post pandemic conditions, worldwide. Coronavirus (Covid-19) has majorly impacted the food & beverages industry and in turn has changed the dynamics of entire ecosystem including raw material suppliers supplying food additives. Lockdown in various nations such as India, China and Spain, among others and cease in the subsequent trade activities has paralyzed the supply chain. Lockdown in various countries is expected to impact supply chain system of antioxidants which will hamper growth of antioxidants market for short period.
Hurry Up…and Get a 2000$ Discount On a Price…!!!: https://www.coherentmarketinsights.com/insight/request-discount/3997
Competitive Section:
Company Names
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Antioxidants Market Report Examines Latest Trends And Key Drivers Supporting Growth Till 2027 appeared first on Gatorledger.
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