The global Vitamin E market stood at approximately 85 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 5.35% during the forecast period until 2034. Vitamin E serves as a crucial fat-soluble vitamin that shields cell membranes from harmful reactive oxygen species. It comprises a group of eight fat-soluble compounds, encompassing tocotrienols and tocopherols. Deficiency in vitamin E is uncommon and typically arises from challenges in digesting dietary fats rather than a lack of vitamin E intake, potentially leading to nerve issues. This essential nutrient plays a vital role in combating oxidative damage to both human and animal cells, and it is associated with the prevention of various severe illnesses, including cancer, chronic pancreatitis, cholestasis, cystic fibrosis, primary biliary cirrhosis, Crohn's disease, short bowel syndrome, and others.
Vitamin E is a versatile compound utilized across various industries including food, beverage, pharmaceuticals, health and personal care, agriculture, animal feed, and poultry. As a powerful fat-soluble antioxidant, it serves as a preservative, safeguarding cell membranes against free radical damage and preventing the oxidation of LDL cholesterol. Typically found as a white to off-white free-flowing powder, it is employed in the food industry as a natural antioxidant, enhancing oxygen supply to the blood and acting as a dietary supplement. Natural Vitamin E Powder, derived from plant oil, exhibits antioxidant properties and exceptional biological activity, commonly utilized in beverages, sweets, biscuits, cakes, noodles, and milk powder. In food, beverage, and pharmaceutical industries, it serves as stabilizers, nutritional supplements, and antioxidants. In health and personal care, it finds application in various products such as lipstick, eye shadow, moisturizers, and skin care items. Additionally, it is utilized in agriculture, animal feed, poultry feed, and other diverse industries for its beneficial properties.
The global market for Vitamin E is propelled by a confluence of factors spanning health awareness, industry expansion, technological advancements, and regulatory support. Increasing recognition of the role of antioxidants in health maintenance has heightened demand for Vitamin E, renowned for its antioxidant properties. This surge is particularly notable in functional foods, beverages, and dietary supplements, as consumers prioritize preventive healthcare. Moreover, the cosmetics and personal care industry, driven by the desire for skin-nourishing and anti-aging products, fuels demand for Vitamin E formulations. Technological innovations in production methods ensure efficient and cost-effective manufacturing, bolstering market growth. Additionally, government initiatives promoting health and wellness, alongside regulations mandating nutrient fortification in certain food products, further stimulate market expansion. The prevalence of chronic diseases linked to oxidative stress, such as cancer and cardiovascular disorders, also drives demand for Vitamin E as part of preventive healthcare strategies. Furthermore, the expanding livestock industry, especially in emerging economies, contributes to market growth through the incorporation of Vitamin E into animal feed formulations to enhance animal health and productivity. Collectively, these factors underscore the multifaceted drivers propelling the global Vitamin E market towards continued expansion and prominence. The global Vitamin E market is likely to reach approximately 150 thousand tonnes in 2034.
The Asia Pacific region stands out as the primary consumer of Vitamin E and is likely to maintain its position in the forecast period as well. The Asia Pacific region's prominence as the primary consumer of Vitamin E can be attributed to several key factors. Firstly, the region is home to densely populated countries with large consumer markets, such as China, India, and Japan, where there is a growing awareness of health and wellness. This increased awareness has led to a greater demand for dietary supplements, functional foods, and personal care products containing Vitamin E, driving consumption. Additionally, the prevalence of traditional medicine practices in many Asian countries emphasizes the importance of natural remedies and supplements, further boosting the demand for Vitamin E. Furthermore, rapid urbanization, rising disposable incomes, and changing lifestyles in the Asia Pacific region have led to an increased consumption of processed and convenience foods, which often contain added nutrients like Vitamin E. Moreover, the expanding livestock and poultry industries in the region utilize Vitamin E as a feed additive to improve animal health and productivity, contributing to overall consumption.
Based on the end-use industry, the global Vitamin E market is divided into Food & Beverages, Nutraceuticals, Personal Care & Cosmetics, Animal Feed & Nutrition, and Others. Among these industries, Food & Beverages is the dominating segment and held about 50% of the global Vitamin E market in 2023.
Major players in the Global Vitamin E market are BASF SE, Koninklijke DSM NV, Archer Daniels Midland Company, Prinova Group LLC, Jilin Beisha Pharmaceutical Co. Ltd., BTSA Biotecnologías Aplicadas SL, Orah Nutrichem, The Bountiful Company, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Vitamin E which covers production, demand and supply of Vitamin E market in the globe.
• To analyse and forecast the market size of Vitamin E
• To classify and forecast Global Vitamin E market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Vitamin E market in the globe.
To extract data for Global Vitamin E market, primary research surveys were conducted with Vitamin E manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Vitamin E market over the coming years.
ChemAnalyst calculated Vitamin E demand across the globe by analyzing the volume of Vitamin E consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Vitamin E manufacturers and other stakeholders
• Organizations, forums and alliances related to Vitamin E distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Vitamin E manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Vitamin E market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
85 thousand tonnes
Market size Volume in 2034
150 thousand tonnes
Growth Rate
CAGR of 5.35% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverages, Nutraceuticals, Personal Care & Cosmetics, Animal Feed & Nutrition, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Vitamin E in terms of volume in 2023?
Ans:
The global market size of Vitamin E has reached approximately 85 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Vitamin E?
Ans:
Food & Beverages industry is the leading end-user industry of Vitamin E globally.
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