In terms of revenue, the global antioxidants market is expected to reach roughly US$ 4,556.4 million by the end of 2027, rising at a CAGR of 5.6 percent during the forecast period (2020-2027). In the pharmaceutical sector, antioxidants are utilised as vitamin supplements, and they aid in the preservation of food goods. The global antioxidants market is expected to rise significantly over the forecast period due to lower costs, increased investment and product approval by regulatory bodies, and increased demand in the food and beverage industry. Furthermore, industrialised economies have uncovered new development potential by refocusing on natural antioxidants like rosemary extract. Asia-Pacific, on the other hand, is predicted to see an increase in demand for synthetic antioxidants during the projection period.
The global antioxidants market is anticipated to expand at a high CAGR in terms of value during the forecast period. Pork meat has been accounting for the largest volume share of the overall global meat consumption in the last four years. However, chicken meat consumption has experienced high growth over the last four years. The increase in demand for anti-aging products is also stimulating the growth of the global antioxidants market currently. Aging is defined as deterioration of physiological functions in organisms. As people get older, their skin loses its defence against external weather due to oxygen deficiency. Increasing pollution is also a major inducer of premature aging as it results in the activation of metalloproteinases that disintegrate collagen.
The worldwide antioxidants market is divided into two categories: natural antioxidants and synthetic antioxidants. The market for natural antioxidants is further divided into rosemary extracts, vitamin A (including carotenoids), vitamin C (containing ascorbic acid), and vitamin E. (including tocopherols and tocotrienols). Butylated Hydroxyanisole (BHA), Butylated Hydroxytoluene (BHT), and others (including Tert-Butylhydroquinone (TBHQ), propyl gallate) are among the synthetic antioxidants. The market for synthetic antioxidants is greater than the market for natural antioxidants and is expected to stay dominant until 2020.
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