About Antioxidant Supplement
The global antioxidant supplement market is expected to witness a high growth in the near future owing to rising health issues owing to the deficiency of antioxidants in people. Antioxidant supplements are often used for preventing disease and fighting the negative effects of aging. It may include a number of different free-radical-fighting compounds. Antioxidants are substances that help knock out free radicals, chemical by-products recognized to damage cells and contribute to the development of certain diseases. Antioxidants are found naturally in a wide range of foods.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Antioxidant Supplement market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NOW Foods (United States), Vibrant Health (United States), GNC Holdings Inc. (United States), Jarrow Formulas (United States), DSM (Netherlands), Archer Daniels Midland (United States), DuPont Danisco (Denmark), Naturex SA (France), Kemin Industries (United States) and Cargill (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Raschig (United States) and Oxiris Chemicals (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Antioxidant Supplement market by Type (Medical Grade and Food Grade), Application (Medical, Food and Cosmetics) and Region.
On the basis of geography, the market of Antioxidant Supplement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Antioxidant Supplement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Declining Price of Antioxidants
Market Growth Drivers:
Growing Demand for Food & Beverages, Animal Feed Additives, and Pharmaceuticals and Rising Health Issues Owing to the Deficiency of Antioxidant in People
Challenges:
Government Regulatory Norms regarding the Consumption of Antioxidants Supplements
Restraints:
Lack of Awareness about the Hazardous Effects of Overdose of Antioxidants
Opportunities:
Increasing Demand for Antioxidant Supplement in Cosmetic and Beauty Products
Market Leaders and their expansionary development strategies
In December 2022, Jarrow Formulas®, the #1 probiotic brand for customer satisfaction, launched of N-A-C, featuring 500mg of N-Acetyl-L-Cysteine in a vegetarian capsule form. The latest product offering is a powerful antioxidant amino acid, as well as a precursor in the body to the critical antioxidant glutathione – one of the body's most important and abundant antioxidant and detoxification agents.* More specifically, N-Acetyl-L-Cysteine supplies readily available L-cysteine, which acts as an antioxidant itself or as a precursor to glutathione.
In March 2023, Vibrant Health launched Trilogy, their 3-in-1 multi-supplement . Trilogy, their groundbreaking 3-in-1 multi-supplement. Trilogy is a unique solution that combines a plant-based multivitamin, omega-3, and probiotic into one convenient capsule, catering to the daily health needs of men and women aged 25-55.
The certain nutrient content regulations defined the term “High potency” as a nutrient content claim; defined nutrient content claims using the term “antioxidant” (e.g., “good source of antioxidants,” “high in antioxidants,” “more antioxidants”); and corrected an omission pertaining to the use of “sugar free” claims on dietary supplements. FDA took these actions to provide for the use of additional nutrient content claims on labels or in labeling in accordance with provisions of the Nutrition Labeling and Education Act of 1990.
Key Target Audience
Manufacturers of Antioxidant Supplement, Suppliers of Antioxidant Supplement, Wholesalers, Distributors, and Retailers of Antioxidant Supplement, Food Industry, Pharmaceutical Industry, Cosmetic Industry, Governmental Bodies and Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.