Vitamin E Market Outlook and Opportunities in Grooming Regions
The global vitamin E market is anticipated to grow from a value of US$ 2.2 billion in 2023 to US$ 3.7 billion by 2033, expanding at a CAGR of 5.3%. Because of their significant antioxidant characteristics, high level of effectiveness, and ease of availability, tocopherols are highly sought after in the food and beverage, cosmetics, and animal feed industries.
Because tissues are the body’s first line of defence against
lipid peroxidation, which protects the cell membrane from free radical attacks,
vitamin E is a necessary soluble fat and one of the body’s most significant
chain-breaking antioxidants. Foods that include it include cereal, vegetable
oil, meat, chicken, eggs, fruits, vegetables, and wheat germ oil, among many
other food items.
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Competitive Landscape:
Prominent vitamin E product manufacturers are capitalizing
on the untapped potential in emerging markets and are expanding their
production capabilities to meet the rising demand for vitamin E in new regions.
Market leaders are retaining a solid position as a result of the significant
internationalization of firms through export and trade throughout the world.
Some recent market developments are :
- In
2019, Koninklijke DSM NV announced a joint venture with Nenter & Co
Inc., which includes all of the latter’s products and related assets for
vitamin E.
- In
2021, BASF concluded the sale of its manufacturing site in Kankakee,
Illinois, to an affiliate of One Rock Capital Partners LLC, which includes
the associated businesses of vegetable-oil-based raw material sterols and
natural vitamin E products.
Key Companies Profiled
- ZMC
Corporation
- BASF
SE
- Zheijang
NHU
- Koninklijke
DSM N.V.
- Jilin
Beisha Pharmaceutical Co. Ltd.
- Wuhu
Huahai Biology Engineering Co.
- ADM
- Orochem
Technologies Inc.
- Vance
Group
- Parchem
Fine & Specialty Chemicals
Key Segments Covered in Vitamin E Industry Research:
- By
Type :
- Tocopherol
Vitamin E Products
- Tocotrienol
Vitamin E Products
- By
Source :
- Naturally-sourced
Vitamin E
- Synthetically-sourced
Vitamin E
- By
Application :
- Dietary
Supplements
- Animal
Feed
- Food
& Beverages
- Cosmetics
- Others
- By
Region :
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
Is U.S a Hotspot for Vitamin E Products?
According to Fact.MR, vitamin E products sales in the U.S will amount to 70
kilo tones by 2026. Regional demand will be boosted by strong development in
the animal feed industry and increasing meat consumption.
Increasing health issues, such as vitamin deficiencies and
gastrointestinal illness occurrences in the region, are paving the way for
vitamin E consumption. Furthermore, growing nutritional supplement demand, as
well as rising healthcare spending per capita, are significant drivers driving
regional market developments.
How Lucrative is the Market Growth in the U.K?
As per estimates provided by Fact.MR, the U.K accounted for 26% of vitamin E
demand in 2020. The region is anticipated to experience further growth,
expanding at 5% CAGR until 2031.
The growing knowledge of the necessity of nutrients via the
usage of supplements, as well as the growing awareness of the importance of
living a healthy lifestyle, are driving the natural source vitamin E market in
this area.
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Key Points Addressed in Vitamin E Industry Analysis
- Market
Estimates and Forecasts (2016-2031)
- Key
Drivers and Restraints Shaping Market Growth
- Segment-wise,
Country-wise, and Region-wise Analysis
- Competition
Mapping and Benchmarking
- Brand
Share and Market Share Analysis
- Key
Product Innovations and Regulatory Climate
- Recommendation
on Key Winning Strategies
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