Vitamin E Market - Forecast(2022 - 2027)

Report Code: FBR 70243 Report Format: PDF + Excel

Vitamin E Market Overview

Vitamin E market size was valued at $ 6,538 million in 2020, and is anticipated to grow at a CAGR of 4.1% during the forecast period 2021-2026. Vitamin E is a fat-soluble antioxidant that stops the production of reactive oxygen species (ROS) formed when fat undergoes oxidation. These are usually found in many foods including vegetable oils, cereals, meat, poultry, eggs, fruits, vegetables, and wheat germ oil. It is also available as a dietary supplement. Vitamin E is majorly found in natural (Tocopherol, Tocotrienols) and synthetic forms. Vitamin E is used for treating vitamin E deficiency, which is rare but can occur in people with certain genetic disorders and in very low-weight premature infants. Vitamin E is also used for many other conditions, but there is no good scientific evidence to support these other uses. The Vitamin E industry growth can be attributed to the rising demand of livestock and increasing adoption of modern animal production are the major factors which is poised in bringing new opportunities. Moreover, the increasing population and advancement of R&D activities further enhance the overall market demand for synthetic vitamin E during the forecast period 2021-2026. However, consumption of excessive amount of Vitamin E may pose a threat to the market growth to a certain extent owing to its potential side effects.

Report Coverage

The report: “Vitamin E Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Vitamin E Market:
By Product Type: Natural and Synthetic.
By Form: Powder/Granules and Extract/ Oil.
By Application: Animal Nutrition, Infant Nutrition, Dietary Supplements, Functional Food & Beverages, Cosmetics and Others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan, India, South Korea, Australia and Others), South America(Brazil, Argentina and Others) and RoW (Middle East and Africa).

Key Takeaways

  • Geographically, Asia-Pacific region held the highest market share of 35.34% in 2020.
  • The factors such as the increasing consumer awareness regarding product benefits coupled with rising prevalence of cardiovascular diseases are amongst the major factor projected to impel growth of Vitamin E market.
  • Additionally, factors such as companies investing in innovations to purify, improvise and evaluate their product portfolio through technological up gradations thereby, obtaining varying stability, flow ability, and dispensability at all levels are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.

Vitamin E Market Segment Analysis – By Product Type, 2020(%)
Vitamin E Market Segment Analysis
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Vitamin E Market Segment Analysis - By Product Type

On the basis of product type, synthetic segment accounted for the largest segmental revenue of the Vitamin E market in 2020. The large share can be attributed to the fact that the synthetic Vitamin E is a key ingredient used in the animal feed industry hence, there is a rise in the demand for animal feed and animal feed additives as there is growing demand for livestock which increases in the adoption of modern animal production systems thereby, accelerating the growth of the synthetic vitamin E market. On the other hand, natural segment is projected to dominate over the forecast period 2021-2026 with a CAGR of 4.3% as natural vitamin E is involved in a wide range of metabolic processes including gene expression and cell signaling thereby, allowing the penetration of the ‘clean label’ movement supported by improved labeling norms which has increased consumer's awareness regarding the nature of ingredients in fortified products. Furthermore, most of the consumers are inclining towards the consumption of chemical-free products that are naturally sourced are also aiding further increase in the growth of this market.

Vitamin E Market Segment Analysis - By Application

In 2020, on the basis of application, dietary supplements segment accounted for the largest segmental revenue of the Vitamin E market on account of the notable consumption by masses as a majority of the micronutrients are used in these products which are frequently purchased owing to the health conscious masses. On the contrary, cosmetic segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 4.6% since there is an increasing number of skin care products currently available in the market that are relying more on natural ingredients including, various vitamins and minerals. Apart from this, maintaining a healthy and glowing skin amongst customers has also created an immense demand for vitamin E in cosmetic applications which is also set to increase the growth of the market during the forecast period 2021-2026.

Vitamin E Market Segment Analysis - By Geography

Asia Pacific is the major region dominating the Vitamin E market with a market share of 35.34% in the year 2020. This can be attributed to rising awareness of health and growing pharmaceutical and dietary supplement. Moreover, increasing consumption of vitamin E increasing the demand of this market. Apart from this, China is the largest producer of vitamin E in the Asia Pacific market, also the country has expanded its domestic market during recent years mainly owing to its growing pharmaceutical and dietary supplement market across the region.

On the other hand, North America is projected to be the significant-growing market during the forecast period 2021-2026 owing to increasing demand in cosmetic and animal feed industry during the forecast period 2021-2026. Furthermore, rising adoption of nutritional supplements for rising vitamin deficiency & gastrointestinal disease incidences owing to inapt food habits in the region are paving the way for product demand hence, increasing the growth of the market in Asia Pacific region.

Vitamin E Market Drivers

Rising Adoption of Modern Animal Production

The Vitamin E market driver can be attributed to the increasing demand of adopting modern animal production systems to keep abreast of enhancing domestic demand which increases the use of synthetic vitamin E that contributing to the growth of Synthetic Vitamin E Market. Furthermore, there is rising demand of livestock which directly translates into increasing demand for animal feed and animal feed additives such as vitamins. Synthetic vitamin E is the key ingredient used in animal feed industry. In addition, demand for synthetic vitamin E for animal feed applications would continue to grow as demand for livestock also grows which are increasing the market growth of synthetic vitamin E.

Vitamin E Market Challenges

Risk of Side-Effects

The restraining factor that is to create a negative impact during the forecast period 2021-2026 is the increasing side effects such as head and neck cancer, heart attack etc. owing to consumption of excessive amount of Vitamin E are reducing the demand.

Vitamin E Market Landscape

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Vitamin E market. In 2020, Vitamin E market share is fragmented by the top ten players present in the market. The Vitamin E market top 10 companies are ADM, BASF, Royal DSM, Cargill, Isochem, COFCO Tech Bioengineering, American River Nutrition, and Beijing Gingko Group and others.

Acquisitions/Product Launches

  • In June 2019, Cargill Inc. opened its first innovation center in Singapore to address the shifting consumer values and food safety needs in the Asia Pacific region. With this strategy, the company expects to create and reformulate products that better suit these changing consumer trends, increase its sales in Singapore and expand its presence in the Asia Pacific region.
  • In January 2019, Royal DSM announced a joint venture partnership with Nenter & Co., Inc., for around USD 156.05 million. The joint venture will acquire, upgrade, refurbish, and operate Nenter’s vitamin E production facilities in China. This strategy will help DSM to enhance market share in China and boost its vitamin E production capabilities.

Relevant Reports:

Report Code: HCR 92422

Report Code: FBR 0523

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1. Vitamin E Market - Overview
    1.1 Definitions and Scope
2. Vitamin E Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type 
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Vitamin E Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Vitamin E Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Vitamin E Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Vitamin E Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Vitamin E Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Vitamin E Market – By Product Type (Market Size -$Million/$Billion)
    8.1 Natural
        8.1.1 Tocopherol
        8.1.2 Tocotrienols
    8.2 Synthetic
        8.2.1 Alpha-Tocopheryl Ester
        8.2.2 Semisynthetic D-Alpha-Tocopheryl Ester
9. Vitamin E Market – By Form (Market Size -$Million/$Billion)
    9.1 Powder/Granules
    9.2 Extract/ Oil
10. Vitamin E Market – By Application (Market Size -$Million/$Billion)
    10.1 Animal Nutrition
    10.2 Infant Nutrition
    10.3 Dietary Supplements
    10.4 Functional Food & Beverages
    10.5 Cosmetics
    10.6 Others
11. Vitamin E Market - By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Venezuela
        11.2.3 Argentina
        11.2.4 Ecuador
        11.2.5 Peru
        11.2.6 Colombia
        11.2.7 Costa Rica
        11.2.8 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Netherlands
        11.3.6 Belgium
        11.3.7 Spain
        11.3.8 Denmark
        11.3.9 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 Australia
        11.4.3 Japan
        11.4.4 South Korea
        11.4.5 India
        11.4.6 Taiwan
        11.4.7 Malaysia
        11.4.8 Rest of Asia Pacific
    11.5 Rest of World
        11.5.1 Africa
        11.5.2 Middle East
12. Vitamin E Market - Entropy
13. Vitamin E Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Market Share by Region- Top 10 companies
        13.1.2 Market Share at global level- Top 10 companies
        13.1.3 Market Share by Countries – Top 10 Companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Vitamin E Market – Key Company List by Country Premium Premium
15. Vitamin E Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 Product Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Natural Market 2019-2024 ($M)
1.1.2 Synthetic Market 2019-2024 ($M)
1.1.3 Functional Food and Beverages Market 2019-2024 ($M)
1.1.4 Pharmaceuticals and Dietary Supplements Market 2019-2024 ($M)
1.1.5 Infant Nutrition Market 2019-2024 ($M)
1.1.6 Pet Food Animal Feed Market 2019-2024 ($M)
1.1.7 Cosmetics Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
2.2 Most Adopted Strategy Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 Product Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Natural Market 2019-2024 (Volume/Units)
3.1.2 Synthetic Market 2019-2024 (Volume/Units)
3.1.3 Functional Food and Beverages Market 2019-2024 (Volume/Units)
3.1.4 Pharmaceuticals and Dietary Supplements Market 2019-2024 (Volume/Units)
3.1.5 Infant Nutrition Market 2019-2024 (Volume/Units)
3.1.6 Pet Food Animal Feed Market 2019-2024 (Volume/Units)
3.1.7 Cosmetics Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Most Adopted Strategy Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Natural Market 2019-2024 ($M)
5.1.2 Synthetic Market 2019-2024 ($M)
5.1.3 Functional Food and Beverages Market 2019-2024 ($M)
5.1.4 Pharmaceuticals and Dietary Supplements Market 2019-2024 ($M)
5.1.5 Infant Nutrition Market 2019-2024 ($M)
5.1.6 Pet Food Animal Feed Market 2019-2024 ($M)
5.1.7 Cosmetics Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
6.2 Most Adopted Strategy Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Natural Market 2019-2024 ($M)
7.1.2 Synthetic Market 2019-2024 ($M)
7.1.3 Functional Food and Beverages Market 2019-2024 ($M)
7.1.4 Pharmaceuticals and Dietary Supplements Market 2019-2024 ($M)
7.1.5 Infant Nutrition Market 2019-2024 ($M)
7.1.6 Pet Food Animal Feed Market 2019-2024 ($M)
7.1.7 Cosmetics Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
8.2 Most Adopted Strategy Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Natural Market 2019-2024 ($M)
9.1.2 Synthetic Market 2019-2024 ($M)
9.1.3 Functional Food and Beverages Market 2019-2024 ($M)
9.1.4 Pharmaceuticals and Dietary Supplements Market 2019-2024 ($M)
9.1.5 Infant Nutrition Market 2019-2024 ($M)
9.1.6 Pet Food Animal Feed Market 2019-2024 ($M)
9.1.7 Cosmetics Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
10.2 Most Adopted Strategy Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Natural Market 2019-2024 ($M)
11.1.2 Synthetic Market 2019-2024 ($M)
11.1.3 Functional Food and Beverages Market 2019-2024 ($M)
11.1.4 Pharmaceuticals and Dietary Supplements Market 2019-2024 ($M)
11.1.5 Infant Nutrition Market 2019-2024 ($M)
11.1.6 Pet Food Animal Feed Market 2019-2024 ($M)
11.1.7 Cosmetics Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
12.2 Most Adopted Strategy Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 Product Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Natural Market 2019-2024 ($M)
13.1.2 Synthetic Market 2019-2024 ($M)
13.1.3 Functional Food and Beverages Market 2019-2024 ($M)
13.1.4 Pharmaceuticals and Dietary Supplements Market 2019-2024 ($M)
13.1.5 Infant Nutrition Market 2019-2024 ($M)
13.1.6 Pet Food Animal Feed Market 2019-2024 ($M)
13.1.7 Cosmetics Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
14.2 Most Adopted Strategy Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Vitamin E Market Revenue, 2019-2024 ($M)
2.Canada Vitamin E Market Revenue, 2019-2024 ($M)
3.Mexico Vitamin E Market Revenue, 2019-2024 ($M)
4.Brazil Vitamin E Market Revenue, 2019-2024 ($M)
5.Argentina Vitamin E Market Revenue, 2019-2024 ($M)
6.Peru Vitamin E Market Revenue, 2019-2024 ($M)
7.Colombia Vitamin E Market Revenue, 2019-2024 ($M)
8.Chile Vitamin E Market Revenue, 2019-2024 ($M)
9.Rest of South America Vitamin E Market Revenue, 2019-2024 ($M)
10.UK Vitamin E Market Revenue, 2019-2024 ($M)
11.Germany Vitamin E Market Revenue, 2019-2024 ($M)
12.France Vitamin E Market Revenue, 2019-2024 ($M)
13.Italy Vitamin E Market Revenue, 2019-2024 ($M)
14.Spain Vitamin E Market Revenue, 2019-2024 ($M)
15.Rest of Europe Vitamin E Market Revenue, 2019-2024 ($M)
16.China Vitamin E Market Revenue, 2019-2024 ($M)
17.India Vitamin E Market Revenue, 2019-2024 ($M)
18.Japan Vitamin E Market Revenue, 2019-2024 ($M)
19.South Korea Vitamin E Market Revenue, 2019-2024 ($M)
20.South Africa Vitamin E Market Revenue, 2019-2024 ($M)
21.North America Vitamin E By Application
22.South America Vitamin E By Application
23.Europe Vitamin E By Application
24.APAC Vitamin E By Application
25.MENA Vitamin E By Application