Market Share of Food Antioxidants Industry
The global market for food antioxidants is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. For instance, events of new packaging technologies including increased use of MAP and gases as antioxidants. Also, nanotechnology is expected to play a significant role in the betterment of delivery systems for sensitive oils, such as omega-3 fatty acids in the food antioxidants industry. Similarly, BASF SE will be investing for its Irganox 1010 antioxidant by 40% worldwide through expansion projects at its sites in Jurong, Singapore, and Kaisten, Switzerland, scheduled for completion by 2021.
Food Antioxidants Market Leaders
Cargill Incorporated
Archer Daniels Midland Company
BASF SE
DuPont
Advanced Organic Materials, S.A.
*Disclaimer: Major Players sorted in no particular order
