Lewes, DE -- (SBWire) -- 08/20/2015 --Due to the growth of the market is due to increase in demand for Enriched Animal Feed and increase in global meat consumption, the global antioxidants market is expected to grow at a compound annual growth rate (CAGR) of 5.53% and reach US$3.54 billion by 2022 from $2.30 billion in 2014.
Another element responsible for the increasing demand for antioxidants is premature aging due to pollution and other reasons. Whereas lack of consumer education about benefits of antioxidants acts as restraining factors for the market growth.
Antioxidants Market is segmented by application, by type and by geography. Depending on the various applications, market is segmented into Synthetic Resins, Food and Beverage, Cosmetic, Animal Feed and Fuel Additives. Based on type, market is categorized into Natural antioxidants and Synthetic antioxidants. Natural antioxidants are baked goods, Fish and seafood, Oil, Meat and poultry, Fat and margarines. Synthetic antioxidants are Butylated Hydroxyanisole (BHA), Butylated Hydroxytoluene (BHT), Propyl gallate and Tert-butylhydroquinone (TBHQ). By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific has growing demand for antioxidants market due to increase in need for health and dietary supplements.
The key players in the Antioxidants Market include Archer-Daniels-Midland Company, Aland (Jiangsu) Nutraceutical Co., Ltd., Cargill, Incorporated, DuPont, Kalsec, Inc., Kemin Industries, Inc., Koninklijke DSM N.V., Naturex S.A., Nutreco N.V. and ViTablend Nederland B.V.
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