Moreover, increasing awareness among consumers for healthier lifestyle, enhancing shelf life of food items and growing advancements in emerging economies are some of the drivers favoring the market. However, huge cost of natural antioxidants and stringent government regulations are the restraints in this market.
In Antioxidants, Vitamin C commanded the highest market share due to increasing usage of vitamin C in food & beverages, pharmaceutical and feed applications. Asia Pacific dominated the global antioxidants market followed by North America. This region continues to witness a stronger growth rate in emerging countries such as China and India.
Some of the key players in this region 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., ViTablend Nederland B.V, BASF S.E., Camlin Fine Sciences, Eastman Chemicals, Novus International and E I Du Pont De Nemours And Co (Du Pont Danisco).