(I-BusinessNews.Com, May 10, 2021 ) Vitamin E Market size is estimated to reach $2.83 Billion by 2025, growing at a CAGR of 4.5% during the forecast period 2020-2025. Vitamin E is a group of eight fat-soluble compounds that include four tocopherols and four tocotrienols. Vitamin E is an important vitamin required for the proper functioning of many organs in the body and is found in many foods including vegetable oils, cereals, fruits, vegetables and eggs. Increase in the demand for functional food and beverages, increase in the investment by the major players, increase in the standard of living, changing customer preferences, growing demand for dietary supplements and increase in the demand of vitamin E from cosmetic industry are the factors that are set to drive the growth of the global market for the forecast period 2020-2025.
Vitamin E Market Segment Analysis - By Product Type
Based on the Product Type, Natural segment held the largest share in 2019 owing to the factors such as it plays an important role in human and animal nutrition as it strengthens the body’s natural defense against illness and it is involved in a wide range of metabolic processes including gene expression and cell signaling.
Vitamin E Market Segment Analysis - By Application
Based on the Application, Functional Food and Beverages segment held the largest share in 2019 owing to the factors such as growing demand for healthier products, increase in the investment by the major companies, rise in the number of chronic diseases, rise in the product launches based on the needs of the customer and increase in the health consciousness among customers.
Vitamin E Market Segment Analysis - By Geography
Based on the Geography, North America held the largest share in 2019. The growth in this segment is owing to the factors such as rise in the healthcare expenditure, increase in the investment by the major companies, growing demand for dietary supplements and rise in the meat consumption. Asia-Pacific is estimated to be the fastest growing segment owing to the factors such as growing demand for functional food and beverages, increase in the health consciousness among individuals, growing demand for cosmetics, and increase in the product launches and innovations.
Increase in the demand for vitamin E from cosmetic industry
The increase in the demand for vitamin E from cosmetic industry owing to its applications is estimated to enhance the growth of Vitamin E Market. Increase in the product launches based on the needs of the customer is also the factor that is estimated to enhance the growth of Vitamin E Market.
Growing demand for dietary supplements
There is a rapid increase in the demand for dietary supplements in developed nations. This led to rapid increase in the growth of Vitamin E Market. Increase in the demand for functional food and beverages is also estimated to enhance the growth of the Vitamin E Market.
Vitamin E Market Challenges
Increasing side effects
Increasing side effects such as head and neck cancer, headache, rashes and hormonal imbalances is the major challenge that is estimated to reduce the growth of the Vitamin E Market.
Vitamin E Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Vitamin E Market. Key companies of this market are BASF SE, DSM Nutritional Products, Merck KGaA, Cargill, Prinova Group LLC, Zhejiang Medicine Co Ltd, Eisai Food & Chemical Co Ltd, Koninklijke DSM N.V., Archer Daniels Midland Company, and Royal DSM N.V. among others.
In 2018, Merck has launched handbook on Vitamin E to highlight the hitherto unknown benefits and widespread utility of vitamin E.
In 2015, Archer Daniels Midland Company has launched two new natural source vitamin E, Novatol Sunflower 5-67 Vitamin-E and Novatol Sunflower Vitamin-E Succinate.
Geographically, North America Vitamin E Market accounted for the highest revenue share in 2019 and it is poised to dominate during the forecast period 2020-2025 owing to the high demand.
The increase in the product launches based on the needs of the customer is likely to aid in the market growth of Vitamin E Market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Vitamin E Market report.
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