According to the data from Future Market Insights (FMI), the CAGR of global demand of antioxidant in 2014-2020 will probably reach 5.3%, or equivalent of 103300 metric tons in quantity.
Antioxidant could be classified to natural and synthetic ones. Natural antioxidants mainly include rosemary extract, vitamin A, vitamin C and vitamin E, while the synthetic family include BHA, BHT, TBHQ, gallate and so on.
FMI predicted that the global market of antioxidant will keep growing in the future years, especially when the port consumption is increasing. Port counts the largest share in global meat consumption and the forecast shows it will be the top one in the following four years.
From geographic view, Asian-Pacific region will be the largest market for antioxidant, which accounts 31.8% of the global share. Customers in Asian-Pacific region are the main force of antioxidant, as they have more health and anti-aging consciousness, which greatly push up the requirement and consumption of antioxidant. Cancers, amyotrophic lateral scleroses, and other neural disease also boost the demand. During 2014 and 2020, the CAGR in Asian-Pacific region is looking to reach 5.9%.
The second largest market is North America and then Europe, especially in Britain and Ireland. Both natural and synthetic antioxidant are selling well in Europe. Besides the stronger health consciousness, increase of population is a major reason to boost the market. In 2013, the demand in Europe was 18000 metric tons. During 2014 and 2020, the CAGR is look to reach 5.2%.
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