In the pharmaceutical industry, antioxidants are used as vitamin supplements, and they aid in the preservation of food products. The global antioxidants market is expected to grow significantly during the forecast period due to lower costs, increased investment and product approval by regulatory authorities, and increased demand in the food and beverage industry. Furthermore, developed economies have discovered new growth opportunities by refocusing on natural antioxidants like rosemary extract.
Natural food antioxidants, such as mixed tocopherols and Vitamin C, are more expensive due to higher raw material costs than their synthetic counterparts, such as BHA, BHT, and TBHQ, which are derived from petroleum products. Because of concerns about the safety of synthetic antioxidants, extensive research into natural sources has been conducted.
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