A research report by Grand View Research in California estimates that the global natural oxidants market will reach a value of US $4.14 billion by the year 2022.
The report states that the rising demand for more organic personal care items will be the leading cause of this rise in demand. Rising customer awareness is also a factor that is expected to help propel these demands.
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According to the report, demands for vitamin C account for more than 80 per cent of the global demand last year, and the forecast is that this trend will only rise in the coming years.
The low cost and ease of availability of vitamins C and E also contribute to this trend. Furthermore, extensive use of the product in medication and a high demand for drugs because of rise on cancer and cardiovascular disease diagnoses can also fuel market growth.
Over production vitamin C, however, is expected to hamper market growth in the next seven years. The next most popular natural antioxidants that will grow in demand are carotenoids.
