India Natural and Synthetic Antioxidants Market Size Worth $162.1 Million By 2030: IndustryARC

The India Natural & Synthetic Antioxidants Market size is predicted to reach $162.1 million by 2030, growing at a CAGR of 6.52% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Increasing use of India Natural & Synthetic Antioxidants in processed food consumption aiding the market growth, finds IndustryARC in its recent report, titled “India Natural & Synthetic Antioxidants Market Size, Share & Trends Analysis Report By Form (Dry, Liquid), By Type [Natural, (Carotenoids, Vitamin E (Tocotrienol Analogs), Vitamin C, Tocopherol, Mixed Tocopherols, Tocotrienol, Botanical Extracts (Rosemary, Green Tea, And Others), Synthetic (BHA, BHT, TBHQ, Propyl Gallate (PQ), Ascorbyl Palmitate, Ethoxyquin, Tocopherol Acetate, Others)], By Source [Natural Sources (Fruits & Vegetables, Oils, Spices & Herbs, Plant Extracts, Gallic Acid) Synthetic Sources (Petroleum Derived)], By Application {Food and Beverages [Bakery and Confectionery, Dairy Products, Beverages, Food Ingredients, Cereals and Snacks, Processed Meats and Seafood, Infant Nutrition, and Others], Animal Nutrition [Pet Food, Livestock Feed, Companion Animal Supplements, Others], Nutraceutical Products [Dietary Supplements (Vitamin Supplements, Mineral Supplements, Herbal Supplements, Omega-3 and Omega-6 Supplements, Multivitamins and Minerals, Probiotic Supplements, Protein Supplements, Others), Functional Foods (Fortified Foods, Fortified Beverages, Nutrition Bars and Snacks, Others), Nutrition Drinks (Protein Shakes, Energy Drinks, Meal Replacement Drinks, Others)], Pharmaceuticals [Vitamin E Formulations, Antioxidant Therapies, Cardiovascular Medications, Dermatological Preparations, Anti-inflammatory Drugs, Neurological Medications, Anticancer Therapies, Wound Healing Formulations, and others], Cosmetics & Personal Care [Skin Care, Hair Care, Sun Care, Body Care, and others]} By Geography - Opportunity Analysis & Industry Forecast, 2024-2030”. 

 

Maharashtra emerges as the frontrunner in the Indian market for both natural and synthetic antioxidants, making a significant revenue contribution. Its robust industrial infrastructure, strategic location, and favorable business ecosystem position it as a key player in the antioxidants market. Maharashtra's leadership underscores its role as a pivotal hub for antioxidant production and distribution in India's dynamic business landscape.

The Synthetic Sources segment had more than 69% of the market share in 2022. The Synthetic Sources segment dominates the India Natural & Synthetic Antioxidants Market, leveraging petrochemical-derived compounds and synthetic precursors as foundational materials for synthesis. These antioxidants undergo stringent regulatory scrutiny by authorities like the FDA and EFSA before application in food, cosmetics, and pharmaceuticals. Derived from gallic acid and petroleum, they offer versatility and robust performance across diverse sectors. BASF leads as the top manufacturer globally, commanding a 28% revenue market share, followed by key players like ADM, IFF, Eastman Chemical, and Camlin Fine Sciences. Synthetic phenolic antioxidants, vital for food preservation, inhibit aging processes in foodstuffs, ensuring prolonged shelf life and nutritional integrity. This segment's dominance underscores its pivotal role in sustaining product quality and longevity in India's antioxidants market.

Nutraceutical Products are analyzed to grow with the highest CAGR of 7.79% during the forecast period. Nutraceutical products, particularly those containing antioxidants, are poised to experience the highest growth in the India Natural & Synthetic Antioxidants Market. This surge is propelled by government regulations aimed at enhancing oversight and ensuring product efficacy and safety. With escalating consumer interest in health and wellness, there's a heightened demand for nutraceuticals, including antioxidants, fostering market growth and consumer trust. Additionally, the discovery of antioxidant-rich Indian rice varieties like Kola Joha underscores the market's inclination towards natural sources, indicating a future surge in demand for such products. India's expertise in Ayurveda and traditional medicine further fuels innovation, offering potent antioxidant solutions, thus driving the growth trajectory of nutraceutical products in the antioxidants market.

Maharashtra region held a major market share of 16% in 2023. Maharashtra is at the forefront of India's natural and synthetic antioxidants market, driven by its robust industrial infrastructure and significant investments in R&D. The state's focus on leveraging advanced technologies and its strategic location contribute to its leadership. Maharashtra's proactive government policies further enhance its market position, attracting key players and fostering a thriving antioxidant industry. For instance, the Making Nutrition Aspirational in Antioxidants for Children and Women program is a $10 million partnership between The Power of Nutrition, UNICEF, and the Government of Maharashtra.

The Indian natural and synthetic antioxidants market is poised for significant growth due to the rising demand for functional foods and beverages. Health-conscious consumers increasingly prefer products with added nutritional benefits, particularly those containing antioxidants known for combating oxidative stress and promoting overall health. This trend is driving the incorporation of natural and synthetic antioxidants into various food and beverage categories, including juices, dairy products, snacks, and supplements. The market's expansion is further fuelled by the increasing awareness of the link between nutrition and well-being, and the growing interest in products that support immune function, heart health, and anti-aging. This surge in demand presents lucrative opportunities for innovation and growth in the antioxidants market in India.

The Indian cosmetics and personal care industry is expanding rapidly, driven by rising disposable incomes, evolving consumer preferences, and increasing awareness of skincare routines. Natural antioxidants from sources like green tea, grape seed, and pomegranate are highly favored due to their safety and efficacy. Products featuring ingredients such as caffeine, vitamin E, and resveratrol are in high demand, offering benefits like acne prevention and skin protection. Synthetic antioxidants also play a crucial role in enhancing product stability and longevity. With growing concerns about pollution, UV radiation, and aging, the market for antioxidant-rich skincare products is poised for substantial growth. Manufacturers are expected to innovate, introducing formulations that meet diverse consumer needs and preferences, thereby fueling market expansion.

In India, the oral care market is increasingly incorporating antioxidants in tubes of toothpaste and mouthwashes to enhance gum health by reducing oxidative stress. Natural antioxidants from neem and other botanicals are favored for their antimicrobial properties and alignment with consumer preferences for natural ingredients. Synthetic antioxidants complement these by enhancing product stability and efficacy. The growing awareness of oral health and hygiene is driving demand for these advanced formulations, creating significant market opportunities.

The COVID-19 pandemic significantly disrupted India's natural and synthetic antioxidants market. Lockdowns and supply chain interruptions led to decreased production and distribution. However, rising health awareness and demand for immunity-boosting products spurred market recovery. This increased preference for natural antioxidants over synthetic ones, driven by health and safety concerns, is expected to shape future market trends.

The Ukraine crisis has disrupted global supply chains, significantly impacting India's natural and synthetic antioxidants market. The conflict has caused raw material shortages and increased transportation costs, leading to higher prices and supply delays. This instability has driven Indian businesses to seek alternative sources and adjust their strategies to ensure market stability and continuous supply.

The India Natural & Synthetic Antioxidants Market is fragmented with several companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

Lubricant Antioxidants Market - The Lubricant Antioxidants Market size is forecast to reach US$ 2.6 billion by 2030, after growing at a CAGR of 3.6% during the forecast period 2024-2030. Lubricant antioxidants such as diphenylamine derivatives, chelating agents, and so on are high-performance additives that help lubricants last longer by improving their oxidative resistance. Antioxidants in lubricants offer excellent corrosion protection, reduce viscosity, remove contaminants, and protect oil at high temperatures.

Plastic Antioxidants Market - Plastic Antioxidants Market size is forecast to reach $5.7 billion by 2030, after growing at a CAGR of 6.1% during 2024-2030. With the rise in plastic antioxidant products, there is rise in demand for antioxidants in plastics.

Cosmetic Antioxidants Market - Cosmetic antioxidants market size is expected to be valued at US$2.8 billion by the end of the year 2030 and is set to grow at a CAGR of 6.3% during the forecast period from 2024-2030. Cosmetic antioxidants are ingredients that are used in cosmetic formulations to increase the shelf life of cosmetics and also help protect human cells against damage.

Animal Feed Antioxidants Market - The Animal Feed Antioxidants Market size is estimated to reach $583 million by 2030, growing at a CAGR of 4.6% during the forecast period 2024-2030. Antioxidants can be delineated as chemical compounds that have utter significance in finding and nullifying unstable molecules. Free radicals can coagulate in cells and inflict damage on lipids and DNA.

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.