San Francisco, California, October 27, 2017: A recent market research report by TMR Research presents a detailed overview of the global market for food antioxidants. The report, titled “Food Antioxidants Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” presents a detailed analytical overview of the market, its state of development in the present scenario, and predicts its course of development over the period between 2017 and 2025.
The report states that the market will expand at a promising pace over the said period, with factors such as the rising consumption of processed meats, snacks, and drinks, especially across developing countries playing a key role in its overall development. Moreover, the thriving processed and packaged food and beverages industry is also expected to have a significant positive impact on the overall development of the global market.
However, certain factors such as the low level of awareness among consumers regarding the several benefits of food antioxidants in terms of improving the shelf life of food products and the high costs of natural foods could play a role in curbing the growth prospects of the market to a certain extent in the next few years. Moreover, the relatively high cost of packaging foods with antioxidants owing to stringent regulations in developed regions and the requisition of multi-page labelling could also pose restrictions on the overall development of the global food antioxidants market to a certain extent. Nonetheless, the vast set of untapped growth opportunities in developing economies have the potential of providing traction to the overall market.
From a geographical standpoint, the report presents an overview of the food antioxidants market across regions such as North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Of these, the market in Asia Pacific is presently the dominant contributor of revenue to the global market and is likely to retain its top spot over the report’s forecast period as well.
The Asia Pacific food antioxidants market is also expected to exhibit growth at a robust pace over the report’s forecast period chiefly owing to the rapidly expanding population in emerging economies in the region and the increased preference to prepared meals and packaged food products. Moreover, the affluent middle-class population is also willing to pay more for convenience and is preferring ready-to-eat preparations. All these factors will continue to make Asia Pacific one of the most promising regional markets for food antioxidants over the report’s forecast period.
The report also presents thorough insights into the vendor landscape of the global food antioxidants market. With the help of detailed business profiles of several leading vendors operating on regional, domestic, and international platforms, several case studies depicting the prominent strategies adopted by leading vendors to stay ahead of competition, and recent developments, the report presents a comprehensive overview of the competitive scenario.
The rising number of companies in the market is making the level of competition intense and is compelling companies to come up with innovative marketing strategies and products to expand their consumer bases and retain their hold on the market. Some of the leading companies in the global food antioxidants market profiled in the report are E.I. Du Pont De Nemours and Company, Koninklijke DSM N.V., Kalsec Inc., Camlin Fine Sciences, Ltd., Barentz Group, Eastman Chemical Company, Archer Daniels Midland Company, BASF SE, Kemin Industries, Inc., and Frutarom, Ltd.
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