PORTLAND, Oregon and PUNE, India, January 16, 2017 /PRNewswire/ --
According to a new report published by Allied Market Research, titled, "Antioxidants Market by Type - Global Opportunity Analysis and Industry Forecast, 2014 - 2022," the global antioxidants market generated $2,923 million in 2015, and is expected to reach $4,531 million by 2022, registering a CAGR of 6.42% during the forecast period. In the natural antioxidants category, vitamin E segment accounted for more than one-third share of the global volume in 2015.
Summary of the Report Antioxidants Market can be accessed on the website at:
Antioxidant is one of the major ingredients used in the food & beverage industry. It is used in the dairy farming industry in animal feed additive to improve the yield of milk. Increase in demand for synthetic antioxidants and rosemary extract, plummeting costs of antioxidants, and rise in demand for antioxidants in the food & beverage industry are expected to fuel the market growth during the forecast period.
According to Eswara Prasad, Team Lead, Chemicals & Materials at Allied Market Research, "Healthcare sector is a promising market for antioxidants due to their widespread applications in blood pressure management, celiac disease treatment, and liver transplantation procedures."
Natural antioxidants have been gaining popularity in the developed economies, as they are more effective and less toxic. The rosemary extract segment is anticipated to witness the highest growth potential, and create lucrative opportunities for market players in the near future.
Key findings of the study
- In 2015, the Vitamin E segment dominated the global market with more than one-third of the total share by volume.
- The natural antioxidant segment is expected to grow at a CAGR of 7.47% during 2016-2022.
- The rosemary extract segment in the Asia-Pacific region is expected to grow at a CAGR of 8.06% during the forecast period.
- In 2015, butylated hydroxy anisole (BHA) segment occupied the major share in the global market, accounting for about half of the total volume.
- The synthetic antioxidant market in Europe is expected to grow at a CAGR of 5.32% during the forecast period.
The Asia-Pacific market dominated the global market, accounting for more than one-third share in 2015, followed by Europe and North America. However, the LAMEA market is expected to grow at a CAGR of 6.50% during the forecast period due to nutrition deficiency among people in some countries in the region coupled with growing health awareness.
The leading market players profiled in the report include Archer-Daniels-Midland Company, BASF SE, E. I. DuPont El Nemours and Company, Barentz International BV, Kalsec Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Nutreco N.V., Cargill Incorporated, Aland (Jiangsu) Nutraceutical Co. Ltd., and Naturex S.A.
Read similar market research reports on Construction & Manufacturing at: https://www.alliedmarketresearch.com/construction-&-manufacturing-market-report
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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SOURCE Allied Market Research