Food Antioxidants Market

Food Antioxidants Market
food antioxidants. The high cost of food antioxidant and safety issues with synthetic food
antioxidants are hindering the market growth. Growing demand in emerging economies is anticipated
to set new growth opportunities in the near future.
On the basis of antioxidant type, the market is segmented into natural and synthetic food antioxidant.
Synthetic antioxidants accounted for the most dominant segment, by type, in 2016. Emerging
economies mostly rely on synthetic antioxidants due to their lesser cost compared to natural
antioxidant. However, natural antioxidants are gaining importance in the market and this segment is
expected to grow with a higher CAGR compared to that of synthetic antioxidants.
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By application, the food antioxidant market is segmented into fats & oils, prepared
foods/meat/poultry, beverages, bakery & confectionery, seafood and other food antioxidant
applications. The market for food antioxidants is directly influenced by the increase in the
purchasing power of the global population, owing to their use in applications such as prepared foods,
prepared meat & poultry, beverages, fats & oils, bakery & confectionery, and seafood. The
application of food antioxidants in the prepared meat & poultry industry accounted for the largest
share in 2016. Busier lifestyles, growth in disposable income and more women entering the
workforce are the key reasons driving the market for convenience-based products such as prepared
meat & poultry. Prepared meat & poultry represents an opportunity for the key market players to
invest in R&D and introduce food antioxidants for nutrient, flavor, and color stability of meat &
poultry products.