APAC to Lead Global Food Antioxidants Market through 2022, Announces M&M in Its New In-demand Study Published at MarketPublishers.com24 Jan 2017 • by Natalie Aster
LONDON – The global market for food antioxidants is currently estimated at around USD 1.16 billion. By 2022, the market is likely to gain traction at a swift pace and to climb to the value of USD 1.48 billion, registering a 5.1% CAGR.
Growth in the market will be majorly fueled by a wide adoption of antioxidants in the prepared foods and beverages industries due to their ability to raise the shelf life of processed and prepared food and beverages. Other important market drivers include increase in buying activity and purchasing power of the global population and enhancing concerns about safety of synthetic food antioxidants. Meantime, lack of knowledge about benefits of food antioxidants and escalated costs of natural food antioxidants are some of the key challenges for the further market growth.
When it comes to applications, the prepared meat and poultry segment captures the major chunk of the overall food antioxidants market and is set to grow at the fastest pace in the short run. The robust growth in this segment is attributed to such factors as busy lifestyles, escalating disposable incomes and rising number of working women.
At present, the world’s food market is dominated by APAC, which is slated to be the fastest-growing regional market from 2107 to 2022.
New research report “Food Antioxidants Market by Type, Form, Source, Application, and Region - Global Forecast to 2022” made by M&M includes a comprehensive analysis of the global food antioxidants market scenario. The report offers an all-round review of the market segmentation (by type, source, application, form and region). Also, the study highlights the market dynamics, focusing on the main market growth drivers, restraints and challenges), discusses future opportunities and prospects up till 2022. The latest developments, new product launches, regulative issues and competitive pressures are thoroughly examined in this publication. Granular profiles of leading companies that are active in the worldwide food antioxidants market are available here, too.
Many other new research reports by MarketsandMarkets are at hand at its page at MarketPublishers.com.