Aug. 05, 2021
The food additives market size exceeded USD 2.5 billion in 2018 and is expected to grow at a CAGR of 4.7% from 2019-2025, with the market size reaching USD 3 billion and demand exceeding 320 tons by 2025.
Increasing consumption of processed foods and growing demand for products with longer shelf life is driving the food antioxidants market. These extracts prevent oxidative spoilage of food products during processing and storage. The products have high stability and low volatility, which helps in maintaining the nutrition, texture, color, flavor, aroma, and functional levels in food and beverages.
Food antioxidants are used in nutraceuticals due to the presence of flavanols, stilbene, and isoflavones that help in preventing degenerative and chronic diseases. Increasing consumer awareness about the value of health-enhancing nutrients will drive the global nutraceuticals market.
Food antioxidants are substances that scavenge free radicals in the body. These free radicals can damage DNA and cell membranes, triggering diseases such as arthritis, lens degeneration and accelerated aging. Doctors, dietitians and the nutrition industry are promoting foods with high antioxidant content, which will boost the utilization of the products and thus drive the growth of the market.
Strict regulatory norms by FDA and EU on the use of synthetic antioxidants in food products may hamper the product demand. bHA and BHT are not suitable for bakery and frying applications due to their chemical structure. These synthetic products are banned in Japan and are used in limited quantities in Europe and Australia. These factors may hamper the price trend of food antioxidants.
Propyl gallate food antioxidant market size is likely to grow significantly to 3.5% by 2025. It is widely used in foods where other fat-soluble synthetic antioxidants, including BHA, BHT, and TBHQ, are not applicable. The product is infused in different vegetable oils and used to create artificial flavors, thereby contributing to the growth of this market.
The market size for food antioxidants in meat applications is expected to exceed $1.05 billion over the forecast timeline. During slaughter and post-slaughter handling, meat is susceptible to denaturation and microbial growth. Meat suppliers use a variety of food additives to extend the shelf life of meat and meat products. The increasing popularity of natural antioxidants (including rosemary extract, tea catechins, and tannins) in clean label solutions will further enhance the market profitability due to the potential health hazards of synthetic antioxidants.
The market size for food antioxidants in beverages is likely to grow significantly by 4.5% by 2025. The product helps to purify the body and protects cells from free radicals. Use of the product in red wines increases high-density lipoprotein (HDL) cholesterol levels and prevents cholesterol accumulation. These factors will boost the demand for this product.
Brazil food antioxidants market size is likely to grow significantly during the forecast period owing to the increasing demand for meat and meat products. Meat suppliers use the product to extend the shelf life of meat products. Increasing awareness about the importance of nutritious diet will play a vital role in driving the growth of this industry.
The global food antioxidant market share is fragmented and manufacturers are investing in R&D to gain greater market share. They are also engaging in strategic alliances, including joint ventures, partnerships, capacity expansions, and mergers and acquisitions to implement innovative technologies to meet the growing demand for food antioxidants.
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