Global Vitamin E Industry Market Report by 2026
According to the report, the Vitamin E market is expected to grow from USD 2,304 million in 2019 to USD 2,683 million by 2026, growing at a CAGR of 2.20% from 2019 to 2026.
Description:
Vitamin E market is expected to witness growth due to a growing demand for nutritive foods. The global Vitamin E market is estimated to be USD 2,304 million in 2019 and is expected to reach USD 2,683 million by 2026, with a CAGR of 2.20% during the forecast period.
Vitamin E is a major lipid-soluble antioxidant found in the cell system, which is solely obtained from consumption of food. It comprises two families of compounds: tocotrienols and tocopherol. Vegetable oils made from sunflower, olive, corn, rapeseed, and soybean along with oil-based nuts, spreads, and seeds, cereals, and egg yolk are a rich source of vitamin E. Dietary supplement-based vitamin E is available in the form of energy drinks, capsules, and tablets. Vitamin E helps in maintaining strong immunity, healthy eyes, and soft skin along with protecting cells from damage and has properties to prevent cancer, heart diseases, diabetes, and Alzheimer’s. Furthermore, vitamin E supplements also help in treating vitamin deficiency.
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Competitive Insights
Key players in the Vitamin E market cover Riken Vitamin Co. Ltd., Zhejiang Worldbestve Biotechnology Co., Ltd., Wilmar Spring Fruit Nutrition Products Co. Ltd., Archer Daniels Midlands Company, and BASF SE. Other players in the Vitamin E market are DSM N.V., Beijing Gingko Group, Davos Life Science, Fenchem Biotek, Eisai Food and Chemical, and others.
In 2018, the global Vitamin E market was mainly concentrated in the three regions of Asia-Pacific, North America, and Europe. North America is the largest market at a share of 32.50% due to changing consumer preference toward healthy food and diet. Asia-Pacific is currently leading Europe with a share of 29.65% and 29.58%. As people become more aware of the importance of vitamins in the human body, the Asia Pacific region is expected to show significant growth in the next few years. In addition, the growing geriatric population in Japan is expected to power the region’s vitamin E market in the future.
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By product type, the Vitamin E market is segmented into Natural vitamin E and Synthetic Vitamin E.
Based on application, this market is divided into Human Nutrition/Dietary Supplements, Functional Food & Beverages, Animal Nutrition, and Cosmetics.
Audience
l Raw material suppliers of Vitamin E
l Distributors and resellers of Vitamin E
l Vitamin E industry associations
l Product managers, Vitamin E industry administrator, C-level executives of the industries
l Market Research and consulting firms
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