Cibi e Bevande
Antioxidants Market to Reach $7.37 Bn, Globally, by 2031 at 6.9% CAGR: AMR
Rise in investment & product approval by regulatory authorities and surge in demand from the food & beverage industry drive the growth of the global antioxidants market. However, disruption of supply chain and outbreak of Covid-19 pandemic hampered the market. On the contrary, rise in population and rise in demand from the pharmaceutical industry would open new opportunities in the future.
By type, the synthetic antioxidants segment held the largest share in 2020, accounting for more than three-fifths of the global antioxidants market, due to rise in demand for synthetic antioxidants because of rise in population. However, the natural antioxidants segment is expected to register the highest CAGR of 7.5% during the forecast period, owing to their fewer side effects on health.
By application, the plastic, rubber, & latex additives segment held the lion's share in 2020, contributing to nearly one-third of the global antioxidants market, due to increased use of antioxidants used in the plastic and rubber industry. However, the fuel & lubricant additives segment is estimated to manifest the highest CAGR of 7.4% from 2022 to 2031.
By region, the global antioxidants market across LAMEA, followed by North America , is expected to register the highest CAGR of 7.3% during the forecast period, due to several health & food problems. However, the market across Asia-Pacific dominated in 2020, holding around one-third of the market, as China is the largest producer of vitamin C.
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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.
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