North America Food Antimicrobial & Antioxidants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.92 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Food Antimicrobial & Antioxidants Market Analysis
The North American food antimicrobial and antioxidants market was valued at USD 697.83 million in 2020, and it is projected to reach a CAGR of 4.92% during the forecast period of 2021-2026.
The COVID-19 pandemic created opportunities for many private players to emerge in the markets to cater to the inflated demand for food products, benefitting the manufacturers of food ingredients, including additives. The need for innovative snack products was consistently high in developed countries due to the associated convenience of storing, usage, and rapid nutrition and energy consumption.
Over the medium term in North America, the demand for natural ingredients spurred the clean-label trend, driving food and beverage manufacturers to find clean label alternatives to replace synthetically derived antioxidants and antimicrobial additives. This shift encourages food manufacturing giants, such as General Mills and Kellogg's, to remove synthetic antioxidants from staple products like cereals and sources for holistic and natural shelf-life extension solutions.
The application of natural food antioxidants and antimicrobial additives helped the food manufacturers narrow the gap between the clean label solution and extended shelf life in meat and meat products, such as pork sausages. Flavor sensitivity is an important factor to address when determining the course of action for extending shelf life with a natural solution in various food products, including meat products.
North America Food Antimicrobial & Antioxidants Market Trends
This section covers the major market trends shaping the North America Food Antimicrobial & Antioxidants Market according to our research experts:
Resurgence of Clean Labeled/Natural Food Products Among Consumers
The surging consumer consensus broadly drives the demand for natural food antimicrobial and antioxidants to perceive processed food products as healthy if derived from natural ingredients and clean label claims. With consumers now using both the terms interchangeably, it often influences them to skip products formulated with artificial ingredients. These factors are driving the growth of the market. Due to the increase in demand for clean label ingredients, the manufacturers of food and beverage products, such as fresh pork sausages, are extending the shelf life of these products during refrigerated storage without the use of artificial preservatives such as butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), propyl gallate (PG), or other artificial preservatives which were commonly used in meat preservation, in turn, intensifying the growth of the market studied. The rosemary extracts are the most popular natural food antioxidant and are widely accepted across various end-user industries.
United States Holds the Largest Market Share
Across the United States, natural antioxidants have always been a preferred choice among consumers, and due to their high demand as compared to the supply, there have been situations that have led to supply shortages over the recent past. This has further led to the rise of blends, which has been a preferential choice among manufacturers. Pertaining to the high demand for natural antioxidants, the key market players have been expanding their product portfolios and helping the food manufacturers in maintaining 'fresher, safer, longer' food and beverage products. For instance, in June 2017, Kemin expanded its Shelf-life Extension Portfolio with the launch of a new domestically grown, organic rosemary extract in liquid and dry forms, with a variety of concentrations.
North America Food Antimicrobial & Antioxidants Industry Overview
The North American food antimicrobial and antioxidants market is fragmented and comprises numerous regional and international competitors. Some major players, inclusive of Givaudan, CorbionNV, Kemin, ADM, Koninklijke DSM NV, and DuPont, among others, are facilitating the availability of both natural and synthetic extracts for processed food manufacturers in the region. The prominent players of the market have been focusing on developing new and innovative products by targeting the new formulation for food antioxidants. Additionally, these companies are focusing on increasing the production capacities of their existing plants while investing in R&D activities. Thus, the market is expected to witness numerous product launches during the forecast period.
North America Food Antimicrobial & Antioxidants Market Leaders
-
ARCHER DANIELS MIDLAND company
-
DuPont de Nemours Inc.
-
Koninklijke DSM NV
-
Corbion NV
-
Givaduan
*Disclaimer: Major Players sorted in no particular order
North America Food Antimicrobial & Antioxidants Market News
In September 2019 - Kemin Industries showcased Clean-Label Bakery Solution Fortium庐 Rvc in the International Baking Industry Exposition 2019. With this product, the company aims to capture the rapidly growing natural antioxidant market.
In May 2018 - Galactic developed two clean-label solutions, which help block the growth of yeasts and molds and prolong the bakery product shelf-life. The products are Galimax鈩� Ferment CP鈩� and Galimax鈩� Ferment CP鈩� GF.
In February 2017 - SK Capital Partners, a private investment firm, acquired Niacet Corporation, a major producer of specialty ingredients for food, feed, and pharmaceutical applications and a global leader in propionates and acetates.
North America Food Antimicrobial & Antioxidants Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Antimicrobial
5.1.1.1 Natural
5.1.1.1.1 Nissin
5.1.1.1.2 Natamycin
5.1.1.1.3 Vinegar
5.1.1.1.4 Other Natural Types
5.1.1.2 Synthetic
5.1.1.2.1 Benzoates
5.1.1.2.2 Propionates
5.1.1.2.3 Lactates
5.1.1.2.4 Acetates
5.1.1.2.5 Other Synthetic Types
5.1.2 Antioxidants
5.1.2.1 Rosemary Extracts
5.1.2.2 Green Tea Extracts
5.1.2.3 Acerola Extracts
5.1.2.4 Blends
5.2 By Application
5.2.1 Bakery
5.2.2 Dairy and Desserts
5.2.3 Beverages
5.2.4 Meat and Meat Products
5.2.5 Snacks and Savory
5.2.6 Margarine and Spreads
5.2.7 Other Applications
5.3 By Geography
5.3.1 United States
5.3.2 Canada
5.3.3 Mexico
5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Synthite Industries (P) Ltd
6.3.2 Kemin Industries Inc.
6.3.3 Givaduan
6.3.4 The Archer-Daniels-Midland Company
6.3.5 DuPont de Nemours Inc.
6.3.6 Koninklijke DSM NV
6.3.7 Corbion NV
6.3.8 Kalsec Inc.
6.3.9 Siveele BV
6.3.10 SK Capital (Niacet Corporation)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
North America Food Antimicrobial & Antioxidants Industry Segmentation
Food antimicrobials and antioxidants are used to preserve food from spoilage and pathogenic microorganisms. Furthermore, the North American food antimicrobial and antioxidants market is segmented by type, application, and geography. By type, the market is segmented into antimicrobial and antioxidants. Antimicrobial is sub-segmented into natural and synthetic. Furthermore, natural is sub-categorized into nissin, natamycin, vinegar, and other natural types. Synthetic is sub-categorized into benzoates, propionates, lactates, acetates, and other synthetic types. Based on application, the market is segmented into bakery, dairy and desserts, beverages, meat and meat products, snacks and savory, margarine and spreads, and other applications. The report outlines the insights of major countries of the region, including the United States, Canada, Mexico, and the Rest of North America. For each segment, market sizing and forecasts have been done on the basis of value (USD million).
| By Type | |||||||||||||||
| |||||||||||||||
|
| By Application | |
| Bakery | |
| Dairy and Desserts | |
| Beverages | |
| Meat and Meat Products | |
| Snacks and Savory | |
| Margarine and Spreads | |
| Other Applications |
| By Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Food Antimicrobial & Antioxidants Market Research FAQs
What is the current North America Food Antimicrobial and Antioxidants Market size?
The North America Food Antimicrobial and Antioxidants Market is projected to register a CAGR of 4.92% during the forecast period (2024-2029)
Who are the key players in North America Food Antimicrobial and Antioxidants Market?
ARCHER DANIELS MIDLAND company , DuPont de Nemours Inc. , Koninklijke DSM NV , Corbion NV and Givaduan are the major companies operating in the North America Food Antimicrobial and Antioxidants Market.
What years does this North America Food Antimicrobial and Antioxidants Market cover?
The report covers the North America Food Antimicrobial and Antioxidants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Food Antimicrobial and Antioxidants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Food Antimicrobial and Antioxidants Industry Report
Statistics for the 2024 North America Food Antimicrobial and Antioxidants market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. North America Food Antimicrobial and Antioxidants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
