Synthetic antioxidants are chemically synthesized petroleum-based antioxidants, majorly used to retard lipid oxidation. It is used to preserve and stabilize redefined oils and fats within food systems and products, which also helps maintain optimal quality of products. Four major types of synthetic antioxidant are used in the food industry namely, BHA (butylated hydroxyanisole), BHT (butylated hydroxytoluene), PG (propyl gallate), and TBHQ (tert-butylhydroxyquinone). These antioxidants offers protection for food during storage and help extend shelf life.Insightful Information Of this Report: Click Here
Market Dynamics
Major factors driving growth of the market include low production cost, easy availability of these products. Synthetic food antioxidants have anti-carcinogenic and anti-mutagenic properties, and are thus approved by the Food and Drug Administration (FDA) and European Union Directives and Regulation for application in prevention of diseases such as cancer, coronary heart disease, and diabetes. This in turn, is increasing the demand for synthetic food antioxidants in the food and beverages and pharmaceutical industries, thus boosting market growth.
Major challenges for growth of the market include increasing demand for natural food antioxidants and clean labels. Natural antioxidants are widely used in the bakery sector, which is most dominant sector in the food industry, thus posing as a major restraint for growth of the synthetic food antioxidant market. Moreover, increasing consumer inclination towards environmentally friendly and chemical-free food is hampering growth of the synthetic food antioxidant market size.
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Some of the major players operating in the synthetic food antioxidant market are Frutarom, Barentz Group, Camlin Fine Sciences Ltd, Kemin Industries, Inc., and Kalsec Inc.