Global Natural Antioxidants Market to Reach US$ 2.3 Billion by 2032, Propelled by Rising Inclination Toward Cleaner and Safer Antioxidants

May 20, 2022 | Food & Beverages

IMARC Group’s latest report, titled “Natural Antioxidants Market Report by Product Type (Vitamin C, Vitamin E, Polyphenol, Carotenoids), Form (Dry, Liquid), and Region 2024-2032,” finds that the global natural antioxidants market size reached US$ 1.5 Billion in 2023. Natural antioxidants are naturally occurring additives used to delay the oxidative rancidity of products to ensure their optimal conditions for extended periods. Some of the most commonly used natural antioxidants include rosemary extract, ascorbic acid, and tocopherols. They are widely utilized in food products to prevent deterioration while reducing oxidation and improving their shelf life. They offer excellent antioxidant capacity, lower volatility, better stability at high temperatures, and higher solubility than synthetic antioxidants. As a result, natural antioxidants find extensive applications across various industries, including food and beverage, cosmetics and personal care, animal feed, pharmaceuticals, and nutraceuticals.

Global Natural Antioxidants Market Trends:

Since natural antioxidants eliminate the production of free radicals from the body cells and prevent the damage caused by oxidation, they help reduce the risks of medical ailments, including cancer, cardiac arrest, emphysema, and Parkinson’s disease, which may occur due to oxidative stress in the body. As a result, the rising incidences of lifestyle diseases and surging health consciousness among consumers represent the primary factors driving the market growth. Besides this, the widespread prevalence of chronic respiratory problems due to high exposure to air pollutants, industrial solvents, hazardous gases, and dust particles is another major growth-inducing factor. Additionally, consumers are shifting from synthetic antioxidants, such as BHA, BHT, propyl gallates, and EDTA, toward cleaner and safer alternatives like natural antioxidants. In line with this, the growing awareness regarding the efficacy of natural antioxidants in minimizing the oxidative damage caused by chemotherapy has catalyzed the product demand. Furthermore, the increasing product usage in anti-aging formulations, face and body creams, essential oils, perfumes, and spa products for eliminating wrinkles, pigmentation, dark circles, and skin dullness has accelerated the adoption of natural antioxidants. Other factors, including the expanding cosmetics sector, escalating demand for organic personal care products, emerging pharmaceutical applications, rising consumption of fortified foods and beverages, and growing product usage in animal feed, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 2.3 Billion by 2032, growing at a CAGR of 4.8% during 2024-2032.

Market Summary:

  • Based on the product type, the market has been divided into Vitamin C (Pharmaceuticals, Food and Beverages, Animal Feed and Others), Vitamin E (Animal Feed, Food and Beverages, Pharmaceuticals and Others), polyphenol (Functional Beverages, Functional Food, Dietary Supplements and Others), and carotenoids (Food and Beverages, Animal Feed, Pharmaceuticals and Others). 
  • On the basis of the form, the market has been bifurcated into dry and liquid natural antioxidants. 
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being Ajinomoto Co. Inc., AkzoNobel NV, Ashland Global Specialty Chemicals Inc., Archer Daniels Midland Company, BASF SE, Dupont Nutrition Biosciences ApS (Dupont De Nemours, Inc.), Indena S.P.A. (IdB Holding S.p.A.), Koninklijke DSM N.V., Prinova Group LLC (Nagase & CO. Ltd.), and Naturex AG (Givaudan SA).

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Form, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Ajinomoto Co. Inc., AkzoNobel NV, Ashland Global Specialty Chemicals Inc., Archer Daniels Midland Company, BASF SE, Dupont Nutrition Biosciences ApS (Dupont De Nemours, Inc.), Indena S.P.A. (Idb Holding S.p.A.), Koninklijke DSM N.V., Prinova Group LLC (Nagase & CO. Ltd.) and Naturex AG (Givaudan SA)
Customization Scope 10% Free Customization
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Global Natural Antioxidants Market to Reach US$ 2.3 Billion by 2032, Propelled by Rising Inclination Toward Cleaner and Safer Antioxidants
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