The Business Research Company’s Food Antioxidants Global Market Report 2021: COVID-19 Growth And Change
LONDON, GREATER LONDON, UK, June 9, 2021 /EINPresswire.com/ — Players in the food antioxidants market are increasingly adopting mergers and acquisition strategies to expand the product portfolio and expanding operations in different geographies. Mergers and acquisitions give growth opportunities to the players in the industry to maximize revenues through geographic and product portfolio expansion. For instance, in April 2021, Kemin Industries a leading ingredient manufacturer acquired Proteus Industries Inc. for undisclosed amount. Through this acquisition, Kemin expects to expand its portfolio by adding clean label phosphate alternative, meat block replacement and fat block solution along with the technology and human resources that Proteus has to offer. Proteus Industries is a food ingredient manufacturer that developed clean-label protein ingredients. Also, in January 2020, Dupont, which is a leading chemicals and bioscience company, entered into an agreement with International Flavors & Fragrances, to merge their nutrition and industrial biosciences division. Such mergers are key among food antioxidants market trends, and is expected to benefit both the companies, and allow them to better serve their customers.
In April 2021, Kemin Industries a leading ingredient manufacturer acquired Proteus Industries Inc. for undisclosed amount. Through this acquisition, Kemin expects to expand its portfolio by adding clean label phosphate alternative, meat block replacement and fat block solution along with the technology and human resources that Proteus has to offer. Proteus Industries is a food ingredient manufacturer that developed clean-label protein ingredients.
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The global food antioxidants market size is expected to grow from $1.27 billion in 2020 to $1.35 billion in 2021 at a compound annual growth rate (CAGR) of 6.71%. The growth is mainly due to the increase in demand for food antioxidants, owing to rise in the consumption and demand of processed food, increasing R&D in the field shift toward natural growth promoters, and increasing awareness for healthier alternatives. The natural food antioxidants market is expected to reach $1.87 billion in 2025 at a CAGR of 8.49%.
Asia Pacific was the largest region in food antioxidants market in 2020. The regions covered in the food antioxidants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the food antioxidants market are Archer-Daniels-Midland Company, BASF SE, Koninklijke DSM N.V., Kemin Industries, Inc, Eastman Chemical Company, Frutarom Ltd, Barentz Group, Camlin Fine Sciences, Kalsec Inc, E.I. Du Pont De Nemours and Company, Cargill Inc., Advanced Organic Materials, VDH Chem Tech Pvt Ltd, and Vitablend Nederland BV.
The food global antioxidants market is segmented by type into natural, synthetic, by form into dry, liquid, by source into fruits and vegetables, oils, spices and herbs, botanical extracts, gallic acid, others, and by application into fats and oils, prepared foods, prepared meat and poultry, seafood, bakery and confectionery, plant based alternatives, nutraceuticals, others.
Food Antioxidants Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides food antioxidants market overview, forecast food antioxidants market size and growth for the whole market, food antioxidants market segments, and geographies, food antioxidants market trends, food antioxidants market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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Source: EIN Presswire