The global food antioxidants market size was US$ 1.4 billion in 2021. The global food antioxidants market is forecast to grow to US$ 2.9 billion by 2030 by registering a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2022 to 2030. 
Antioxidants are natural chemicals that protect the body from the harmful effects of oxygen. It's also known as an oxidation inhibitor, which means it blocks free radicals from generating chemical reactions that may drive chain reactions that kill the organism's cells. The term antioxidant refers to substances that are helpful to human health. Antioxidants include vitamins C, E, and beta carotene, which are used to prevent the body from the detrimental effects of oxidation.

Factors Influencing the Market
The rising consumption of processed food will significantly drive the growth of the food antioxidants market. Further, the consumption of processed food or ultra-processed food is increasing at a rapid pace. Since these food products contain saturated fats, carbohydrates, total fats, free sugars, sodium, etc., they can have a long-term impact on health, such as high and low blood pressure. Thus, all of these factors will drive the demand for natural antioxidants during the analysis period, thereby driving the growth of the food antioxidants market.
Antioxidants also find a wide range of applications in the animal feed industry, the food and beverage business, and the cosmetics industry, which will benefit the food antioxidants market during the analysis period. On the flip side, stringent government regulations associated with the use of food antioxidants may limit the growth of the overall market.

COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for food antioxidants declined as the consumption of meat and livestock products decreased. Moreover, the shutdown of many facilities in various countries as a result of the nationwide lockdown further hampered the growth of the food antioxidants market. 
Moreover, demand for poultry products reduced drastically, owing to the fright of the virus (COVID-19) across the globe. Thus, it negatively affected the food antioxidants market.

Regional Analysis
The Asia-Pacific food antioxidants market is forecast to emerge as the largest food antioxidants market in terms of region. The growth of this regional market is attributed to the growing awareness related to the benefits of food antioxidants. Further, the growing focus on healthy eating habits, the movement toward natural and organic foods, and the rapidly rising demand for convenience food will also contribute to the growth of the food antioxidants market. Growing industrialization, increasing demand for packaged foods, and customer preference for quality products will benefit the food antioxidants market during the study period.

Competitors in the Market
• Cargill Incorporated
• Archer Daniels Midland Company
• BASF SE
• DuPont
• Advanced Organic Materials, S.A.
• Eastman Chemical Company
• Kalsec Inc.
• DSM
• International Flavors & Fragrances Inc. IFF
• Kemin Industries, Inc
• Other Prominent Players

Market Segmentation
The global food antioxidants market segmentation focuses on Type, Source, Application, and Region. 
By Type:
• Natural
o Vitamin E
o Vitamin C
o Carotenoids
o Rosemary extracts
o Green tea extracts
o Other natural types (acerola extracts and grapeseed extracts)
• Synthetic
o TBHQ
o BHA
o BHT
o PG
o Other synthetic types (potassium sorbate and calcium propionate)
By Source:
• Fruits & vegetables
• Oils
• Spices & herbs
• Botanical extracts
• Gallic acid
• Petroleum-derived
By Application:
• Fats & oils
• Prepared foods
• Prepared meat & poultry
• Seafood
• Bakery & confectionery
• Plant-based alternatives (meat & dairy)
• Nutraceuticals
• Other 
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America