Antioxidants are used as vitamin supplements in the pharmaceutical industry and aid in food preservation. The global antioxidants market is expected to grow significantly during the forecast period due to lower costs, increased investment and product approval by regulatory authorities, and increased demand for the food and beverage industry. Furthermore, developed economies have discovered new growth opportunities by refocusing on natural antioxidants like rosemary extract. During the forecast period, Asia-Pacific is expected to see increased demand for synthetic antioxidants.
Antioxidants are primarily used as preservatives in the food and beverage industries. However, the global population's exponential growth is expected to drive Antioxidants Market growth in other industries such as pharmaceutical and animal feed. Because of the high number of undernutrition cases in Asia-Pacific, there is a high demand for antioxidant supplements. Farmers are also encouraged to feed antioxidant-rich fodder to their cattle in order to increase milk yield.
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