Synthetic Food Antioxidant Market Dynamics

The global market for food antioxidants is predicted to be worth USD 1.3 billion in 2020 and USD 1.8 billion by 2025, increasing at a CAGR of 6.0 percent over the forecast period. It is expected to account for 52.4 KT in 2020 and 68.1 KT in 2025, rising at a CAGR of 5.4 percent throughout that time. During the projected period, factors such as rising demand for poultry, shifting consumer preferences due to fast-paced lives, and increased need for natural antioxidants in food products would drive the market for food antioxidants.



COVID-19 Impact on the Food antioxidants Market:

The influence of COVID-19 on feed consumption has had a direct impact on meat and livestock products and byproducts, such as milk and eggs. This is primarily due to feed supply constraints as a result of many facilities being shut down and the bulk of important countries being placed on complete lockdown.

Moreover, there is an increased skeptism among consumers towards the consumption of poultry products due to the scare of the virus (COVID-19) getting transmitted to humans through the consumption. This has reduced the demand of animal feed in the global market. 

Panic buying for groceries and food ingredients became more common as a result of the pandemic. Yeast products, both active and inactive, were in high demand at supermarkets. Several merchants broke up bulk product packaging and sold in smaller sachets to meet demand during the early stages of the pandemic.

Despite the challenges posed by the coronavirus, according to the International Food Additives Council (IFAC), the safety and quality of the global food supply remain strong, and that food additives/antioxidants continues to play a vital role in maintaining the quality of food products at home. The food additives/antioxidants ensure food products remain shelf-stable, extend the product shelf life, and allow consumers to stock up on food products without fear of immediate expiration. During this pandemic challenging time, the consumers are often minimizing their time in stores and supermarkets but are also stocking up on food and packaged foods containing food additives as a viable solution. According to IFAC, in addition to contributing to taste, texture, freshness, and the overall appearance of food, food additives contribute to product stability and shelf life.  

Food antioxidants Market Dynamics: 

Driver: Growth in the prepared foods industry Prepared foods are processed foods that are treated to ensure longer shelf life, reduce rancidity, and be easy to use. The prepared food industry is expected to witness substantial growth in the coming years due to factors such as high disposable income and a gradual increase in the number of working women, thereby positively impacting the food antioxidants market.

“The EU is the world's top processed food exporter, with approximately twice the exports of the US,” according to USDA data. In 2012, EU exports of processed food goods were USD 91 billion, up 28% in five years. EU processed food supplies, like those from the United States, are geographically and categorically diverse. The US market share has decreased marginally in the past decade because of top-tier competition, not only from the EU but also from other emerging suppliers such as Thailand and China. During this time, the US exporters have still managed to tap global demand and expand exports by 143 percent.”

Urbanization and lifestyle changes are leading to changes in consumer preference for food products. Consumers are becoming more informed about the food products they consume and the ingredients used in these products. Prepared food products are perceived as ‘fresh and healthy’ as they preserve the nutrients, color, and flavor, and maintain freshness.

Prepared food occupies a large share in the US food industry, with even low-income households showing a gradual shift toward them. 

Restraint : High cost of natural food antioxidants/safety issues with synthetic food antioxidants 

Natural food antioxidants like mixed tocopherols and Vitamin C are more expensive than synthetic counterparts like BHA, BHT, and TBHQ, which are generated from petroleum products, due to greater raw material costs. Synthetic food antioxidants, on the other hand, are a serious safety concern, and their usage is restricted in most countries. Because of concerns about the safety of synthetic antioxidants, researchers have been looking for natural sources of antioxidants in foods. Natural antioxidants enable food makers to create stable goods with all-natural components that are labelled as "clean."





Opportunity: Growing demand in emerging economies 

Though awareness about food antioxidants is low, emerging economies such as China and India are experiencing high industrialization. As these emerging economies grow and attain high disposable income, their demand for food antioxidants is also rising. The APAC region is exhibiting increased demand for prepared and functional foods & beverages, and hence, the region’s food antioxidants market is expected to grow. The demand for food antioxidants is expected to grow at a modest pace in early adopting countries such as Japan, Germany, and at an exponential rate in new & emerging markets such as Thailand, Malaysia, and other Asian countries.

The growing global population is putting more pressure on producers for the manufacture, extraction, and maintenance of scarce resources. High energy prices and rising raw material costs are impacting food prices, thus affecting low-income consumers. Water shortages are putting a strain on food supplies, particularly in Africa and Northern Asia. Science and technology advancements are assisting in extending the shelf life of foods to greater lengths. The necessity to market food preservatives to even the tiniest of food and beverage producers will expand the industry.

Challenge : Stringent government regulations in developed countries 

According to the FDA, “The antioxidant nutrient must meet the requirements for nutrient content claims in 21 CFR 101.54(b), (c), or (e) for “High” claims, “Good source” claims, and “More” claims, respectively. For example, to use a “high” claim, the food would have to contain 20% or more of the Daily Reference Value (DRV) or RDI per serving. For a “good source” claim, the food would have to contain between 10-19% of the DRV or RDI per serving [21 CFR 101.54(g)(3)].”

Governments in developed countries have strict policies about the addition of food ingredients. They also have relatively stringent policies for synthetic food antioxidants and their content in food products. Their usage is therefore kept under check, and manufacturers are required to specify nutrients level and their specific role in all food products. 

The synthetic segment of the food antioxidants market is projected to account for the largest share, by type

By type, the synthetic segment accounted for the highest share in the food antioxidants market.

Synthetic food antioxidants are synthesized from petroleum-based products. They are used primarily in the food industry to delay lipid oxidation for stabilizing and preserving refined fats & oils within a food system/product. The maximum permissible limit for synthetic antioxidants varies greatly across countries and is dependent on the food it is being used in. Four types of synthetic antioxidants are mostly used in foods—BHA, BHT, PG, and TBHQ. Antioxidants are used during the processing of oilseeds into fats & oils, where the removal of impurities from vegetable oils can also remove natural antioxidants, predisposing the product to oxidation, causing the natural nutrients and flavors of the food products to be lost. Synthetic antioxidants are used to restore or improve the natural defense of oils & fats against oxidative damage, which significantly increases their shelf life. Antioxidants also find application in the processing of animal fats, in baked goods, the meat industry, and almost all foods that have high oil content, such as margarine and mayonnaise.  

The market for prepared meat & poultry segment is projected to account for the largest share during the forecast period

By application, prepared meat & poultry segment accounted for the highest market share as well as the highest growth rate in the food antioxidants market. The use of antioxidants can extend the shelf life of meat & poultry products. Prepared meat & poultry products consisting of fat along with unsaturated fatty acids undergo oxidative degradation during storage. Antioxidants hinder lipid oxidation and reduce rancidity without any undesirable impact on the nutritional or sensory properties, resulting in quality preservation and extension of shelf life of meat & poultry products. Storage and secondary processing of meat & poultry products necessitate supplementation with exogenous antioxidants. Hence, synthetic antioxidants, such as BHT, have been widely used to delay or inhibit lipid oxidation by eliminating chain-carrying peroxyl radicals or preventing the development of free radicals. However, because of rising concerns about the safety of these synthetic compounds, naturally occurring antioxidant compounds (herbs, plant extracts, and spices) are presently preferred for application in different meat & poultry products.

Gallic acid by synthetic sources drives the food antioxidants market during the forecast period

By synthetic sources, the Gallic acid segment is projected to have highest CAGR during the forecast period. Gallic acid contains PG, oils, and fats that help prevent oxidation. It is mainly used for processed foods as a synthetic food antioxidant. Among various polyphenols, gallic acid (3,4,5-trihydroxybenzoic acid), a naturally occurring low molecular weight triphenolic compound, has emerged as a strong antioxidant and an efficient apoptosis-inducing agent. Among various sources of synthetic antioxidants, gallic acid (3,4,5- trihydroxy benzoic acid), a naturally occurring low molecular weight triphenolic compound, has emerged as a strong antioxidant. However, gallic acid also acts as an anti-fungal compound by preventing food from harmful toxins that can contaminate food items.



The dry segment of the food antioxidants market is projected to account for the largest share

In terms of shape, the dry section took the lead in 2019. Fine granular, fine powder, flakes, and tablets are the dry forms of most synthetic food antioxidants. The dry category has a 66.0 percent market share in 2018. It is in high demand among food manufacturers since it is simple to blend with a wide range of food products, including bakery and confectionery, prepared snacks, and cooked meat and poultry dishes, as well as being easy to store and handle. Manufacturers or producers process them in order to convert them into a format that is most useful to stakeholders .BHA, for example, is a waxy, white substance that is generally offered as tablets or flakes on the market, however it is also available as a powder. BHT is supplied as fine crystals and occurs naturally as white granular crystals. TBHQ is a white crystal or beige powder that is commercially accessible in several dry forms. Many natural antioxidants, such as vitamins E and C, can be found in foods.

Asia Pacific  is the fastest-growing market during the forecast period in the global synthetic food antioxidants market

Consumer preferences for healthy eating, the move toward natural and organic foods, and the growing need for convenience food products all have an impact on the Asia Pacific food and beverage industry .As a result of expanding countries, increased industrialization, rising demand for processed meals, and customer preference for high-quality products, ingredient suppliers are becoming more confident. Despite increasing awareness of the health dangers associated with synthetic food additives, these trends and tastes have resulted in a need for more chemicals in meals.

The increased demand for convenience foods has a bearing on the additive categories required to keep things fresh, as well as extra artificial chemicals and fat substitutes. The current increase in the functional food business has given birth to a brand-new ingredient category, which includes probiotic and prebiotic components. The international food additives business, which was formerly dominated by large western countries, is now seeing growth in Asian markets, which have proven to be promising for this sector's future.

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