Published By : 23 Dec 2015 | Published By : QYRESEARCH
The growing consumer awareness about eating healthy and living healthy has been the undercurrent for the recent boom in the global antioxidants market. The growing initiatives taken by several health advisory boards, governments, and private organizations pertaining to spreading awareness about impact of poor nutrition has suddenly put antioxidants in the limelight. Furthermore, in times when nations are fighting obesity and diet related health issues, consumers have realized the importance eating a diet and using products that are rich with essential mineral, antioxidants, and vitamins. In the light of these events, the global antioxidants market is expected to grow at a pace of 5.6% CAGR to reach a valuation of US$3,111.5 million by the end of 2020.
Better Shelf-life of Products to Boost Demand for Antioxidants
The key reason for the unprecedented growth of the antioxidants market is the unique feature of these agents to prolong the life of the substance that they are used in. Therefore, antioxidants are popularly used in making food products, medicines, personal care products, and medicines. The two type of antioxidants in the market are natural and synthetic ones. Though the market share of synthetic antioxidants is expected to increase, the natural antioxidants will be the preferred ones.
Natural Antioxidants to Witness a Good Growth Rate
Natural antioxidants are usually found in fresh food items. They have the powerful ability to remove the toxins from the body and heal it for a better life. The growing demand for organic personal care products due to the benefits they render for the skin and hair will also support the growth of this segment in the coming years.
Vitamin C to Record Highest Growth
Of all the natural antioxidants, vitamin C will experience the highest growth rate in the near future. This trend will be attributable to the extensive usage of vitamin C in pharmaceutical industry, which is complemented by the high demand for medicines that are required for treating cancer and other cardiovascular diseases.