Global Natural Antioxidants Market Size will Reach $1795.29 Million in 2023

Global Natural Antioxidants Market Overview

According to Global Market Monitor, the global natural antioxidants market size will reach $1795.29 million in 2023 and is expected to grow to $2367.17 million by 2028.

Natural antioxidants mainly refer to the antioxidants contained in fruits and vegetables. The natural antioxidants in fruits and vegetables have a protective effect to help humans prevent many diseases such as heart disease and cancer, increase brain power, and delay aging.

Wide Array of Natural Antioxidants Sales Channel

Natural antioxidant products have been majorly sold from channels like e-commerce websites, retail stores, medicine shops, supermarkets, and specialty stores. Natural antioxidant products for cosmetics are prominently been sold through specialty stores while medicinal products are sold from medicine stores. Food and beverages containing natural antioxidants have been sold through retail stores and supermarkets as well. Diversified sales channels have promoted the development of the natural antioxidant market. By application, the food segment occupied the largest market with a market share of 26.88% in 2022. North America is the largest market for natural antioxidants with a market share of 38.31% in 2022.

Insufficient Awareness of the Importance of Natural Antioxidants

The main challenge at present is that natural antioxidant claims are very common and most consumers can recognize some of the health benefits of natural antioxidants. However, most people still cannot clearly express what natural antioxidants are and what they produce after taking them. In this case, there is a lack of correlation between natural antioxidant intake and experience, which has become an unfavorable factor in the development of the market.

High Product Cost of Raw Materials

The production costs of tocopherol, which belongs to the family of vitamin E compounds, have increased in the past years due to the limited supply of vegetable oil. Tocopherol is manufactured from vegetable oil and the limited supply of vegetable oil can be attributed to the high consumption of vegetable oil in many other industries. In addition, vegetable oil is also used for cooking, bringing some challenges to the natural antioxidants market to a certain extent.

Market Trends	Growing awareness of lifestyle diseases
	The potential of food manufacturers identifying and leveraging the natural antioxidants
	The growing consumption of cosmeceuticals
	The increasing adoption of natural antioxidants in sports nutrition
Opportunities and Drivers	A wide array of natural antioxidants sales channel
	Surging demand for organic products in APAC
	Deeper understanding of preventative healthcare
Market Challenges	The high product cost of certain raw materials
	People are not sufficiently aware of the importance of natural antioxidants.
	Disadvantages of natural antioxidants