Antioxidant Market Comprehensive Analysis and Forecast 2017 to 2025 - Credence Research
The latest market report published by Credence Research, Inc. “Global Antioxidant Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 - 2023,” the Global Antioxidant market was valued at USD 2329.7 Mn in 2015, and is expected to reach USD 3.512 Mn by 2023, expanding at a CAGR of 5.4% from 2016 to 2023. Market Insights Antioxidants are molecule which inhibits the oxidation of other substance, thus reducing the damage that is caused due to oxygen. The effect of free radical is neutralized by them and prevent the oxidation reaction by oxidizing themselves. There are two types of antioxidants; natural and artificial antioxidant. Antioxidant has application in different industry such as pharmaceutical, food and beverage, animal feed, cosmetic industry etc. The varied industrial application of antioxidants is the major driving factor of antioxidants market. Antioxidant is used in food industry to prolong the shelf life of food by preventing oxidation, al