Asia Pacific Food Antioxidants Market Share was over USD 865 million in 2019 and industry expects to witness significant gains at over 4.5% by 2026.
Food antioxidants are man-made or naturally occurring substances which helps to delay several types of cell damages. These play a major role in body’s defense system. It removes, delays or prevents oxidative damage to target molecule. Human body produces free radicals due to oxygen utilization. These free radicals cause many health problems including diabetes, cancer, and heart diseases. Antioxidants functions as a radical scavenger thus helps to prevent cell damage. They are of several types including natural and synthetic antioxidants. Foods rich in antioxidants are being highly suggested by dietitians, physicians & nutritional industries which will boost product adoption, thus accelerating market growth.
Rising establishment of manufacturing units in the region by major players owing to supporting business environment provided by governments offering tax incentives should boost industry growth. Supportive government initiatives including “Make in India” and “Made in China 2025” owing to increase in land production should promote FDI inflows into the region resulting in increasing food production, thus propelling food oxidants utilization.
Natural antioxidants dominate the Asia Pacific food antioxidants market share in 2019. Natural antioxidants are derived from animals and plants. Polyphenols, Vitamin C, Vitamin E, and rosemary are some of the naturally occurring antioxidants. These have several biological effects including anti-aging, anti-inflammatory, anti-cancer, and anti-atherosclerosis which should accelerate product demand. These are generally extracted from medicinal plants and food products. These products are predominantly utilized in manufacturing pharmaceuticals, functional foods, and food additives which should boost natural antioxidants market growth. Shifting consumer preferences towards natural food additives due to the side effect risks posed by synthetic additives should promote product industry growth.
Increasing per capita income among middle class in countries including China and India is anticipated to fuel food & beverages industry, subsequently boosting product demand. Presence of major food & beverages manufacturers in the region including Kellogg company, Nestle, Hershey Company, Mondelez International, FrieslandCampina, Pepsico and Coca-Cola should accelerate regional food industry.
Asia Pacific antioxidants market from Processed Foods application was valued over 190 million in 2019. Processed foods are altered during their preparation in order to increase shelf life. Canning, freezing, and drying are some of the food processing methods. Breakfast cereals due to the presence of whole grains are one of the major sources of polyphenols. BHA and BHT are added to cereals, dehydrated potatoes, and butter which should boost industry growth. Oxygen reacts with these antioxidants rather than oxidizing the product components hence preventing food spoilage which should promote product demand. Rising high quality convinced food products along with changing population dietary regimes should further boost product demand.
Japan antioxidants market revenue was over USD 210 million in 2019. Japanese consumers are predominantly considered as highly educated along with appreciable disposal income. Owing to such factors, Japanese customers are highly focused towards high food quality and novel products which should accelerate country food & beverages market growth. Thus, these aforementioned factors should promote product demand.
The market share is competitive with key players including Eastman Chemical, BASF SE, Kalsec Inc., Koninklijke DSM N.V., Kemin Industries, Vitablend, Givaudan SA and DuPont. Manufacturers focus on collaborations, strategic acquisitions, as well as new product launches to gain competitive advantage.