The latest market report published
by Credence Research, Inc. “Global Antioxidant Market – Growth, Share,
Opportunities, Competitive Analysis, and Forecast, 2016 –
2023,” the Global Antioxidant market was valued at USD 2329.7 Mn in
2015, and is expected to reach USD 3.512 Mn by 2023, expanding at a CAGR of
5.4% from 2016 to 2023.
Browse the full report Global
Antioxidant Market – Growth, Share, Opportunities, Competitive Analysis, and
Forecast, 2016 – 2023 at http://www.credenceresearch.com/report/antioxidant-market
Market Insights
Antioxidants are molecule which
inhibits the oxidation of other substance, thus reducing the damage that is
caused due to oxygen. The effect of free radical is neutralized by them and
prevent the oxidation reaction by oxidizing themselves. There are two types of
antioxidants; natural and artificial antioxidant. Antioxidant has application
in different industry such as pharmaceutical, food and beverage, animal feed,
cosmetic industry etc. The varied industrial application of antioxidants is the
major driving factor of antioxidants market. Antioxidant is used in food
industry to prolong the shelf life of food by preventing oxidation, also to
prevent rancidity and color change. Antioxidant are used in cosmetic industry to
prevent aging, by avoiding damage to the cells. Now-days, various factor such
as pollution, dust, lifestyle along with age causes premature ageing, which act
as major driver for the antioxidant. The shifting trend towards more conscious
healthy lifestyle and use of organic substance are boosting the demand for
antioxidant market.
Antioxidants are of two type;
Natural Antioxidants and Synthetic Antioxidants. Synthetic antioxidant occupies
the major share in the antioxidant market, though natural antioxidant depict
bright future due to trend in using natural products and awareness about
healthy life style. The developed countries are shifting towards the natural
substitutes, while the emerging economies are driven by synthetic antioxidants.
Based on the type of Products, the
Global Antioxidants Market is segmented as follows:
Natural Antioxidant
Vitamin C
Vitamin E
Vitamin A
Polyphenols
Carotenoids
Synthetic Antioxidant
THBQ
BHT
BHA
Others
Based on the type of Application,
the Global Antioxidants Market is segmented as follows:
Pharmaceutical
Food and beverage
Feed Additive
Cosmetic
Others
Browse the
full report at http://www.credenceresearch.com/report/antioxidant-market
As of the current market scenario,
APAC is the largest regional market for antioxidant technology, followed by the
North America and Europe. The emerging economies are accelerating market due to
increasing disposable income, shifting trend to use natural products and health
concern. In developing countries, India and China witness the major growth. The
driving factor for North America and Europe is growing health concern, rise in
demand for anti-aging products and usage of natural antioxidant.
Market Competition Assessment:
Key players in the global
Antioxidant systems market are AkzoNobel NV, Adeka Corp, Aland (Jiangsu)
Nutraceutical Co Ltd, Archer-Daniels-Midland Company, Albemarle Corp, BASF SE,
Cargill Incorporated, Chemtura Corp, DuPont, Kalsec Inc, Kemin Industries Inc ,
Koninklijke DSM N.V. ,Naturex S.A., Naturex S.A., Songwon Industrial Co.Ltd ,
Vitablend Nederland B.V.
Key Market Movements:
Rise in conscious effort and
awareness of healthy lifestyle
Increase in geriatric patient and
usage of anti-aging product
Use of antioxidant product in food
and beverage industry
Inclination towards usage of organic
personal product
Surge in demand of antioxidant in
animal feed
Increase in use of antioxidant in
pharmaceutical industry
About Us:
Credence Research is a
worldwide market research and counseling firm that serves driving
organizations, governments, non-legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
No comments:
Post a Comment