Food Antioxidants Market: Key Factors behind Market’s Rapid Growth

 Food antioxidants are substances that can prevent or slow the oxidative damage to food products caused by free radicals. Oxidation reactions can lead to deterioration in the quality and nutritional value of food, and antioxidants play a crucial role in preventing or delaying these reactions. The food antioxidants market is estimated at USD 1.6 billion in 2023 and is projected to reach USD 2.2 billion by 2028, at a CAGR of 6.2% from 2023 to 2028.

Food Antioxidants Market Trends

Demand for Natural Antioxidants:

• Consumers were increasingly inclined towards natural and clean label products. This trend led to a growing demand for food antioxidants sourced from natural origins, such as fruits, vegetables, and herbs.

Clean Label Movement:

• The clean label movement was gaining momentum, with consumers seeking transparency in food ingredients. Manufacturers were responding by incorporating natural antioxidants and avoiding synthetic alternatives.

Functional Foods and Nutraceuticals:

• The convergence of food and health led to the incorporation of antioxidants in functional foods and nutraceuticals. Products fortified with antioxidants were marketed for their potential health benefits.

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Research and Development:

• Continuous research efforts were underway to discover new and more effective antioxidants. Companies were investing in developing innovative solutions to enhance the oxidative stability of various food products.

Global Market Growth:

• The Food Antioxidants Market was experiencing growth globally, driven by factors such as the increasing awareness of health and wellness, changing dietary habits, and the need for extended shelf life in food products.

Regulatory Compliance:

• Compliance with regulatory standards and guidelines regarding the use of antioxidants in food products remained a crucial aspect of the industry. Companies were adapting to and aligning with regulatory requirements.

Technological Advancements:

• Advancements in food processing and preservation technologies were influencing the incorporation of antioxidants. Techniques to improve the efficiency and stability of antioxidants in food applications were being explored.

Emerging Markets:

• Emerging markets were becoming significant players in the food antioxidants sector. Increased disposable income, urbanization, and changing lifestyles in developing regions contributed to the growth of the market.

Market Drivers: Growth in the prepared food industries is likey to propel the market

Prepared foods are processed foods that are treated to ensure longer shelf life, reduce rancidity, and be easy to use. The prepared food industry is expected to witness substantial growth in the coming years due to factors such as high disposable income and a gradual increase in the number of working women, thereby positively impacting the food antioxidants market.

The rise in disposable incomes due to economic growth, especially in emerging countries such as India and China, has led to demand for convenience foods. As per a study published in the American Journal of Clinical Nutrition, ultra-processed food consumption grew from 53.5 percent of calories (2001–2002) to 57 percent at the end of (2017–2018) in the US. The rise in convenience and processed food consumption is attributed to its ease of use, variety, and all-season availability. Convenience and processed foods are consumed over an extended time, as they are pre-packaged and added with preservatives to prevent spoilage. Processed food is also convenient for transportation to distant places. Thus, it is crucial to maintain the quality, flavor, taste, and nutrient profile. The longevity of processed food is a major driver for the food antioxidants market.

The prepared meat & poultry sub-segment for the applications segment is estimated to grow at the highest in the food antioxidants market.

According to the data released by Organization for Economic Co-operation and Development, the world poultry consumption in 2022 was 133,696 thousand tons and is expected to be 144,874 thousand tones by 2029. This is due to an increase in population and growth in economic development. As countries become more economically developed, their populations tend to consume more meat and poultry. This is because people have more disposable income to spend on food, and meat is often seen as a status symbol or a sign of wealth. These developments and growth will increase the amount of meat & poultry consumption per capita. The meat & poultry industry uses antioxidants to prevent the oxidation of fats in meat products, which can lead to spoilage and rancidity. Thus, the demand for antioxidants potentially is estimated to grow at the highest in the food antioxidants market.

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The Asia Pacific region accounted for the largest share and fastest growing market, in terms of value, of the global food antioxidants market in 2023.

The Asia Pacific region dominates the food antioxidants market. The region has a large population, which has led to an increase in demand for processed food and beverages. This has in turn fueled the demand for food antioxidants. Secondly, the food processing industry in the Asia Pacific region is diverse and includes various sub-sectors such as meat and poultry processing, dairy processing, bakery and confectionery, and processed fruits and vegetables. Furthermore, the Asia Pacific region is home to many major foods processing companies, including Nestle, Danone, Fonterra, and Tyson Foods, among others. The region also has several local companies that are leaders in their respective markets. Thus, catering for all these food industries in this region have generated a high demand for the food antioxidants and accounted to be the largest share and fastest growing market.

Major players profiled

Archer Daniels Midland (US), BASF SE (Germany), International Flavors & Fragrances Inc. (US), Eastman Chemical Company (US) and DSM (The Netherlands).

Key Questions addressed by global food antioxidants market report:

How big is the food antioxidants market?

What is the market for food antioxidants?

Which are the key players in the market?

Which region is projected to account for the largest share in the food antioxidants market?

Global Food & Beverages Industry Outlook 2024

 Emerging trends that are expected to have a major impact on consumer demand in the upcoming years are indicative of the extraordinary transition that the food and beverage sector is going through. The future of the food and beverage industry is being shaped by the use of cutting-edge technology like artificial intelligence (AI) and machine learning, sustainable practices, hyperlocal sourcing, and alternative food sources. The Top 10 Food & Beverages Markets Will Grow From USD 164.02 billion In 2023 To USD 179.83 billion by 2024 At A Yoy Increase Of 9.6%. The Food & Beverages Industry Outlook covers plant-based protein market, plant-based meat market, food-testing market, food certification market, precision fermentation ingredients market, food robotics market, personalized nutrition market, probiotics market, regenerative agriculture market, and food traceability markets.

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Food & beverages industry developments in 2023 and upcoming predictions in 2024

The food and beverage business is going through major changes in 2023, including a rise in environmentally friendly practices, a greater uptake of cutting-edge technologies, and calculated moves by major firms. The year was marked by expansion into new markets, extensive use of technology in the supply chain and agriculture industries, and a rise in the demand for plant-based and sustainable substitutes. A number of trends are expected to influence the direction that the industry takes by 2024. Production processes will continue to be redefined by the integration of cutting-edge technology like automation and artificial intelligence, and industry leaders will compete more fiercely. In 2024, the emphasis on food safety, compliance with industry regulations, and the exploration of innovative solutions, such as precision fermentation and personalized nutrition, will be pivotal in steering the course of the food and beverage industry. Meeting the challenge of balancing innovation with regulatory compliance and addressing the complexities of supply chain visibility will be critical for industry players in the coming year.

Significant businesses showcased:

In the rapidly evolving landscape of the food and beverage industry, key companies are spearheading transformative initiatives across various sectors. In the alternative protein industry, Cargill (US) and Wilmar International Ltd., (Singapore) are pioneering plant-based and lab-grown protein innovations. The realm of food automation sees global leaders such as ABB (Switzerland), Rockwell Automation (USA), and Siemens (Germany) harnessing robotics and smart technologies to enhance production efficiency. For ensuring food safety, Thermo Fisher Scientific (USA) and Neogen Corporation (USA) are at the forefront, providing advanced solutions for quality control and pathogen detection. Personalized nutrition is advanced by Nutrigenomix (Canada) and DNAfit (United Kingdom), tailoring dietary recommendations based on genetic insights. In the regenerative agriculture sector, companies like Indigo Agriculture (USA) and General Mills (USA) champion sustainable farming practices. Finally, precision fermentation is driven by innovators like Ginkgo Bioworks (USA) and Perfect Day (USA), offering scalable and sustainable solutions for alternative protein production. Together, these companies exemplify the diverse and dynamic future of the food and beverage industry. In 2024, food & beverage players will continue investments in advanced food technologies in unexplored countries and focus on delivering healthy and safe food to consumers.

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New Revenue Sources in Food Texture Market

 Food texture refers to the sensory perception of a food item's physical characteristics in the mouth, including how it feels when chewed or manipulated. It is a crucial aspect of the overall eating experience and can significantly influence one's enjoyment of a meal.

At a 5.6% compound annual growth rate, the size of the worldwide food texture market is projected to reach USD 18.8 billion by 2028 from a projected USD 14.3 billion in 2023. This growth is primarily attributed to increasing consumer demand for diverse food experiences and textures. As consumers seek novel taste sensations and unique mouthfeel, food manufacturers are innovating to meet these preferences, thus driving the market's expansion as it responds to evolving consumer trends and demands.

The food texture market is influenced by various factors, reflecting changing consumer preferences, technological advancements, and the overall evolution of the food industry. Some key driving factors include:

Consumer Demand for Novel Experiences: Consumers are increasingly seeking unique and novel food experiences. Food textures play a crucial role in providing diverse and enjoyable sensations, catering to the demand for new and exciting products.

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Health and Wellness Trends: As health-conscious consumers focus on making better dietary choices, there is a growing interest in foods that offer not only nutritional benefits but also a satisfying texture. This has led to the development of healthier alternatives with improved textures, such as plant-based and protein-enriched products.

Innovation in Food Processing Technologies: Advances in food processing technologies allow for the manipulation of textures in food products. Techniques such as extrusion, microencapsulation, and 3D printing enable the creation of unique textures, contributing to the development of innovative food items.

Rise of Plant-Based and Alternative Proteins: The increasing popularity of plant-based diets and alternative protein sources has driven the development of plant-based meat substitutes with textures that mimic traditional animal-based products. Companies are investing in research and development to improve the mouthfeel and overall texture of plant-based alternatives.

Texture Modification Ingredients: The market for texture modification ingredients, such as hydrocolloids, emulsifiers, and stabilizers, has expanded. These ingredients help enhance or modify the texture of various food products, contributing to improved mouthfeel, stability, and overall quality.

Ethnic and Global Flavor Trends: As global flavors become more accessible, there is a growing interest in textures associated with diverse cuisines. Unique textures from different cultural cuisines are being incorporated into mainstream food products, reflecting a more diverse and globalized food landscape.

Industry Opportunities: Consumer Shift Towards Artisanal and Aesthetically Pleasing Cuisines

Consumers increasingly seek unique and visually appealing food presentations, especially in the context of fine dining and gourmet foods. Food texture additives can be leveraged to create innovative textures and appearances, enhancing the visual and tactile appeal of dishes. For example, in high-end gastronomy, chefs are exploring the use of texturizers to craft intricate textures that surprise and delight diners. This aligns with the trend of "molecular gastronomy," where texturizers like agar-agar or sodium alginate are employed to create artistic and memorable dining experiences. As more consumers embrace these culinary trends, there is a growing opportunity for food texture additives to play a crucial role in elevating the aesthetics of dishes and attracting discerning consumers seeking unique sensory experiences.

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Asia Pacific is poised to experience the highest CAGR in the food texture market during the forecast period.

The region's robust economic growth has led to an increase in disposable income, enabling consumers to explore a wider range of food options, including those with diverse textures. The burgeoning food processing industry in the Asia Pacific demands texture-modifying ingredients to meet the diverse tastes and preferences of consumers. Additionally, the region's rich culinary heritage encourages experimentation with food textures, contributing to market growth. Lastly, the growing awareness of health and wellness has prompted consumers to seek out healthier food alternatives, driving the demand for texture-enhancing ingredients in the region's food products.

Significant businesses showcased:

• Ajinomoto Co. Inc. (Japan)
• ADM (US)
• Ashland (US)
• IFF (US)
• Cargill (US)
• Avebe (Netherlands)
• CP kelco (US)
• kerry group (Ireland)
• DSM (Netherlands)
• Ingredion (US)
• Estelle Chemicals Pvt. Ltd. (India)
• Fiberstar Inc. (US)

Insect Protein Industry Will Hit Big Revenues In Future

 Insect protein refers to the protein derived from insects, which are increasingly recognized as a sustainable and nutritious source of protein for human consumption. In many cultures, insects have been part of traditional diets for centuries due to their abundance and nutritional value. However, the consumption of insects as a mainstream protein source is gaining more attention globally due to their low environmental impact compared to conventional livestock such as cattle, pigs, and chickens. At a CAGR of 33.4% from 2022 to 2027, the global insect protein market size is estimated to be worth $0.8 billion in 2022 and $3.3 billion by the end of 2027.

The insect protein market is a veritable treasure trove of unique qualities that set it apart from traditional protein sources. These small but mighty creatures offer a highly nutritious protein source, with essential amino acids, vitamins, and minerals in abundance. What's more, they're a sustainable option, requiring minimal resources to farm and producing a smaller ecological footprint than conventional livestock. With a wide range of possible applications, from protein bars to pet food, insects offer remarkable versatility as a protein source. However, the market faces some hurdles, such as limited consumer acceptance and regulatory challenges. Despite these obstacles, the insect protein industry is on track for remarkable growth, fueled by increasing demand for sustainable and alternative protein options, and growing recognition of the environmental benefits of insect farming. As the market continues to expand and evolve, it's clear that insects are much more than just a pest - they're a powerful force in the future of food production.

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Key drivers of the insect protein industry:

Sustainability: One of the primary drivers is the growing awareness of the environmental impact of traditional livestock farming. Insect farming is generally more sustainable, requiring less land, water, and feed. As concerns about climate change and resource scarcity rise, consumers and businesses are looking for eco-friendly protein alternatives.

Population Growth and Food Security: With the global population expected to continue growing, there is an increasing need for sustainable and efficient protein sources. Insects can be a valuable resource to address food security challenges, providing a protein-rich option that requires fewer resources compared to conventional livestock.

Nutritional Benefits: Insects are a rich source of high-quality protein, essential amino acids, vitamins, and minerals. As consumers become more health-conscious and seek alternative protein sources, the nutritional benefits of insect protein are gaining recognition. Insect-based products are often marketed as a sustainable and nutritious option.

Innovation in Food Technology: Advances in food processing technology and product development have enabled the creation of a wide range of insect-based food products. These include protein powders, bars, snacks, and even ingredients incorporated into conventional foods. Innovative approaches make insect protein more palatable and accessible to a broader consumer base.

North America dominated the insect protein market and is projected to grow with a CAGR of 33.45% during the forecast period (2022 - 2027)

North America is anticipated to hold the largest market share in the insect protein market in 2022, followed by Europe, Asia Pacific, and RoW. The presence of key insect protein manufacturing companies in developed regions such as North America and Europe contributes to these regions' high market share. Many start-ups have been established in the region that provide both edible insects and insect protein-based products for food and feed applications. Enterra Feed Corporation (Canada), Entomo Farms (Canada), EnviroFlight LLC (US), and Aspire Food Group (US) are some of the leading companies providing insect protein-based products. The market for insect protein-based food products is projected to record the fastest growth during the forecast period due to the increasing awareness among people.

Asia Pacific region is witnessing the highest growth rate in the insect protein market

Southeast Asian countries have a tradition of entomophagy but do not have regulations related to the breeding, sale, and export of insects. However, insect protein manufacturers have a high opportunity in the animal nutrition segment. Pharmaceutical and cosmetics are among the growing segments in the region, especially in China and Japan. The food consumption per capita is projected to increase in Australia, as the population is projected to reach 35.9 million by 2050, according to a report published by Australian Government.

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The major players include EnviroFlight (US), InnovaFeed (France), HEXAFLY (Ireland), Protix (Netherlands), Global Bugs (Thailand), Entomo Farms (Canada), and Ynsect (France) among others.

Latest Innovation in Pine-Derived Chemicals Market

 Pine-derived chemicals are extracted from pine trees and find applications in several sectors such as adhesives, paints and coatings, flavors and fragrances, cleaning and detergent products, and more. In terms of value, the global pine-derived chemicals market size is expected to be worth USD 5.5 billion in 2022 and USD 6.8 billion by 2027, with a CAGR of 4.5%. Pine-derived chemicals is a major commercial product of pine trees. Pine-derived chemicals are used in the manufacturing of paints & coatings, adhesives & sealants, surfactants, and printing inks. Additionally, it finds its application in cosmetics, vitamin intermediates, pine oil disinfectants & insect repellents, fragrances & perfumes, and food & drink flavors.

How Bio-friendly Products Driving the Pine-Derived Chemicals Industry

The exponential rise in demand for these products can be attributed to consumers' growing inclination towards environmentally friendly products. These substances function as a means of reducing carbon emissions by using natural and renewable resources as raw materials to create necessities and basic goods. The industry gets its raw materials from the forestry sector and uses living trees, pine stumps, and logs to make the chemicals generated from pine. One well-known example of pine chemistry with a wide range of uses is crude tall oil (CTO). According to a presentation by the American Chemistry Council (ACC), the rise in demand for chemicals generated from pine over other chemical alternatives will cause the global availability of CTO to reach 2.26 million tonnes annually by 2030.

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Pine-Derived Chemicals Market Trends

Growing Demand for Sustainable and Bio-based Products:

Pine-derived chemicals are often considered sustainable and environmentally friendly. As consumer awareness of sustainability increases, there is a growing demand for bio-based products, including those derived from pine.

Expanding Applications in Various Industries:

Pine-derived chemicals find applications in diverse industries such as adhesives, paints and coatings, food and beverages, cosmetics, and pharmaceuticals. The market is witnessing expansion as companies explore new applications and formulations for these chemicals.

Research and Development for Innovative Products:

Ongoing research and development efforts are focused on discovering new applications and improving the extraction and processing methods for pine-derived chemicals. Innovations in this field contribute to the development of higher-value products.

Global Shift Towards Green Chemistry:

The global emphasis on green chemistry practices has influenced the pine-derived chemicals market. Companies are increasingly adopting sustainable and environmentally friendly production processes, aligning with green chemistry principles.

Technological Advancements in Extraction Techniques:

Advancements in extraction technologies, such as advanced distillation and fractionation techniques, are enhancing the efficiency of pine-derived chemical extraction. This, in turn, contributes to the overall growth and competitiveness of the market.

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The krafting process is projected to account for the second-largest share in the pine-derived chemicals market during the forecast period

By process, the pine-derived chemicals market is segmented into kraft process and tapping process. Most of the pine-derived companies in the world use kraft process as the primary technique for extracting pine chemicals. The kraft process is beneficial in reducing environmental damage by reducing the impact of waste material generated from pulping process.

North America is the largest region in the pine-derived chemicals market in the forecast period

North America accounted for the largest region in the global pine-derived chemicals market in the forecast period. For the last few decades, the region has witnessed an increase in implementing new and innovative approaches in kraft process for extraction of pine chemicals. These factors have driven the market for construction, cosmetics, vitamin intermediates, pine oil disinfectants & insect repellents, fragrances & perfumes, and food & drink flavors in the region, which in turn, has contributed to the growth of the pine-derived chemicals market.

Prominent firms featured:

Foreverest Resources Ltd, (China), Harima Chemical Company (Japan), Takasgo International Corporation (Japan), Chemiplas Australia Pvt Ltd (Australia), Mentha and Allied Products Ltd., (India).

Navigating the Green Wave: Trends and Innovations in Turf Protection Market | Market is Expected to Reach $8.1 billion by 2028

 The turf protection market encompasses products and solutions designed to safeguard and maintain the health and integrity of turf surfaces, including grass fields, lawns, and sports grounds. These products often include turf reinforcement meshes, turf blankets, erosion control mats, and specialized turf protection equipment. The market serves a wide range of sectors, including sports stadiums, golf courses, landscaping, and agriculture, catering to the needs of maintaining healthy and durable turf surfaces amidst various environmental and usage challenges.

The turf protection market size is projected to expand steadily, with a CAGR of 4.9% from 2023 to 2028. This growth signifies an increase from USD 6.4 billion in 2023 to an estimated USD 8.1 billion by 2028.

Turf Protection Market Trends-

1. Environmentally Friendly Solutions: Growing awareness of environmental sustainability has led to an increased demand for turf protection products that are eco-friendly and have minimal impact on the environment.
2. Advanced Technologies: Integration of technology, such as sensors and monitoring systems, to enhance turf management practices, allowing for more precise and efficient protection.
3. Innovative Materials: Development of advanced materials with improved durability, resilience, and performance for better turf protection under various conditions.
4. Sports Turf Management: Increasing focus on specialized turf protection solutions for sports fields, including improved shock absorption, injury prevention, and enhanced playability.
5. Urban Landscaping: Rising interest in urban landscaping has led to the adoption of turf protection measures in public spaces, parks, and commercial landscapes.
6. Customized Solutions: Demand for tailored turf protection solutions to address specific challenges in different regions, climates, and types of use.
7. Regulatory Compliance: Adherence to regulations and standards related to environmental protection and turf management, driving the development of compliant products.

The turf protection industry continues to grow rapidly. Key factors contributing to this growth are an increase in demand from residential & commercial property development and increasing number of golf courses & other sports fields across the globe. Moreover, according to the survey, demand for apartments is at an all-time high. Also, around the world, there is also more investment being made in sports infrastructure. In the US, a number of sports clubs will start investing in new or refurbished stadiums in 2022. The Los Angeles Clippers of the National Basketball Association plan to invest USD 1.2 billion in the building of the facility.

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Integrated Pest Management (IPM) systems that incorporate suitable control techniques to keep pest damage below an established threshold level are gaining acceptance in the turf industry. However, an IPM program should result in a more efficient use of pesticides, which usually means optimum usage of pesticides. Integrated pest management involves establishing a pest threshold level that is consistent with the intended function of the sports turf, thorough on-site monitoring & record-keeping, and consideration of different pest control measures.

South America to boost market growth during the forecast period

The South American region is segmented into Brazil, Argentina, and Rest of South America (  Chile and Colombia). The South American turf protection market is expected to grow in the coming years, driven by various factors such as the increasing demand for sports turf, the growing popularity of sports, and the development of sports infrastructure in the region. Brazil is the largest market for turf protection in South America, accounting for a significant share of the regional market. The country has a large number of sports clubs and facilities. Argentina, Chile, and Colombia   are other key markets for turf protection in South America. These countries have a growing sports culture and have been investing in sports infrastructure in recent years.

Turf Protection Market Segmentation-

By Product

• Pest protection
• Stress protection
• Scarification

By Mode of Application

• Foliar
• Seed
• Soil

By Solution

• Biological
• Chemical
• Mechanical

By Application

• Sports
• Recreational

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Major brands described

Syngenta Crop Protection AG (Switzerland), UPL Limited (India), Corteva Agriscience (US), Nufarm (US), Bayer AG (Germany), BASF SE (Germany), SDS Biotech K.K. (Japan), AMVAC Chemical Corporation (US), Bioceres Crop Solutions (Argentina), Colin Campbell (Chemicals) Pty Ltd (Australia), ICL Group Ltd. (US), Andersons, Inc. (US), FMC Corporation (US), Soil Technologies Corporation (US), and CoreBiologic (US)