The production and consumption of meat are both predicted to increase globally, which will help the antioxidants industry thrive. In the animal feed industry, antioxidants are utilised to promote cow growth and lower the risk of illness. The Food and Agriculture Organisation of the United Nations reports that global meat output rose by 1.25% to 323 Mt in 2017, with small advances in the production of pig and sheep meat and more modest increases in the production of beef and poultry. Antioxidants are predicted to rise in popularity due to the cosmetic industry's increasing need for them in the production of anti-aging creams and other skincare products.
By the end of 2027, the global Antioxidants Market is anticipated to generate revenues of roughly US$ 4,556.4 million, expanding at a CAGR of 5.6% over the forecast period (2020-2027).
Major Players in the Antioxidants Industry:
- Aland (Jiangsu) Nutraceutical Co., Ltd: created in 1998. Head office in China. A company that offers nutrition and healthcare services created to fulfil the needs of all people globally. The company's offerings include nutraceuticals and over-the-counter (OTC) business, which can respond to consumer needs more quickly and interact with customers more frequently, offering premium nutritional products and wellness solutions to clients worldwide.
2. Archer-Daniels-Midland Company: A significant processor of maize, wheat, oilseeds, and other agricultural products is Archer-Daniels Midland. The business also has a vast network of logistical resources that it can use to store and ship crops anywhere in the world. Additionally, ADM owns and operates a nutrition company with a focus on both human and animal products. Established in 1902. American headquarters in Chicago.
- BASF S.E: The largest chemical firm in the world, BASF was established in 1865 and is headquartered in Germany. Its products range from commonplace to specialise. Shares in BASF Shanshan Battery Materials Co., Ltd. have been held by Shanshan, a Chinese supplier of lithium-ion battery materials. BASF owns a majority of the business (BASF 51%; Shanshan 49%).
- Cargill, Incorporated: Farmer, producer, manufacturer, retailer, government, and other service providers are served by the producer of agricultural products and the provider of financial services. In addition to offering farmer services and risk management solutions, the business also sells grains and oilseeds, as well as animal nutrition, biofuels, meat and poultry, food, and industrial products, allowing customers to select the goods and services they need. Built in 1869. United States headquarters. The acquisition of Sanderson Farms, Inc. (NASDAQ: SAFM) by a joint venture between Cargill and Continental Grain Company, which was previously announced, has been completed, according to a press release from Cargill and Continental Grain Company. On August 9, 2021, the acquisition was declared official.
- DuPont: A diversified, international specialty chemicals corporation called DuPont was established in 2019 as a result of the merger of DowDuPont and subsequent divisions. Its portfolio includes speciality chemicals and downstream goods for the water management, construction, automotive, electronics and communication, and safety and protection sectors. United States headquarters.
- Kalsec, Inc.: Founder of organic ingredients for the food and beverage industries. The company produces easy-to-use liquids that are perfect for most formulations using natural herbs, spices, veggies, and hops. By offering clients these cutting-edge ingredient options, the company helps their products look better, taste better, and last longer. created in 1958. United States headquarters. Both Univar Solutions and Kalsec® Inc. Expand global connections with a distribution agreement for food ingredients in Colombia
- Kemin Industries, Inc.: Established in 1961. United States headquarters. Manufacturer of nutritional additives for feed and supplements that serve the aquaculture, biofuels, agricultural technology, food, and other related industries as well as animal nutrition. Specialty ingredients are produced by the company's product line using plant science, chemical mixing, acid neutralisation, industrial fermentation, encapsulation, and extraction.
Definition: A substance that protects cells from the damage caused by free radicals.
