Antioxidants Market Major Player Gross Margin by, and Forecast 2020-2030
July 10, 2023 ⚊ 1 Min read ⚊ Views 35 ⚊ BLOG
Global Antioxidants Market Overview
Antioxidants Market Size was valued at USD 6.5 billion in 2022. The Antioxidants market industry is projected to grow from USD 6.8445 Billion in 2023 to USD 9.3306 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.30% during the forecast period (2023 – 2030). Rising frequency of Antioxidants industry growth, such as increasing population, rising demand for processed foods, and rapid growth of pharmaceutical sectors are the key market drivers enhancing the market growth.
One of the key factors driving the antioxidant market is the usage of antioxidants in the food industry. Since it shortens food products’ shelf lives, abstract oxidation is a widespread issue in the food sector. To solve this issue, food producers are now using antioxidants to increase color stability and stabilize free radicals.
