Global Natural Vitamin E Market size is projected to reach $3,858.4 million by 2026, growing at a CAGR of 5.3% over 2021-2026. Vitamin E naturally occurs in eight different forms of compounds that are divided into four tocopherols (alpha, beta, gamma and delta) and four tocotrienols. Almonds, peanuts and hazelnuts, and vegetable oils, such as sunflower, wheat germ, safflower, corn and soybean oils are some dietary sources of vitamin E. Vitamin E also help in the manufacturing of hormone-like substances referred to as prostaglandins that are responsible for regulating a variety of body processes, such as blood pressure and muscle contraction. In animal nutrition, there are various functions of vitamin E as it helps to enhance the quality of meat and the nutritional value of egg. Vitamin E are considered as an effective lipid-soluble chain-breaking antioxidant that helps to increase the immunity and supports neural growth. Vitamin E is available as a dietary supplement as it helps to protect the cells from damage. Some of the key factors attributed to market expansion include rising awareness about health among consumers and increasing demand of vitamin E in cosmetic industry. Furthermore, government are taking initiatives to increase the consumption of vitamin E through food and beverage industry is set to further enhance the overall market demand for Global Natural Vitamin E Market for the period 2021-2026.
Key Takeaways
- In 2020, North America dominated the Global Natural Vitamin E Market owing to rising awareness about the benefits of health that increases the availability of vitamin products. Moreover, changing lifestyle among people and growing innovation in food also increases the adoption of natural vitamin E in this region.
- Rising awareness about health among consumers and increasing demand of vitamin E in cosmetic industry are enhancing the growth of Global Natural Vitamin E Market.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Global Natural Vitamin E Market report.
- High cost associated with natural vitamin E are restraining the growth of Global Natural Vitamin E Market.
Global Natural Vitamin E Market Size, By Application 2020-2026 (USD Million)
Global Natural Vitamin E Segment Analysis – By Product
Based on Product Global Natural Vitamin E Market can be further segmented into Tocopherols and Tocotrienols. The Tocopherols segment is the major segment producing revenue in 2020. This is mainly owing its effective role in preventing clogged arteries, boosting immune system and reducing Alzheimer’s disease. Moreover, tocopherols is widely used in dietary supplements that increases the demand of vitamin E in commercial dietary application. The Tocotrienols segment is estimated to register the fastest CAGR of 5.9% for the period 2021-2026. Tocotrienols helps in protecting various health problems such as high cholesterol, scars, cancer and other genetic disorders that increases the demand of tocotrienols in food and beverage industry which in turn enhancing the market growth.
Global Natural Vitamin E Segment Analysis – By Application
Based on Application Global Natural Vitamin E Market can be further segmented into Food and Beverage, Dietary Supplements, Feed, Pharmaceuticals, Cosmetics and Others. The Dietary Supplements segment registers for the highest Global Natural Vitamin E Market share in 2020. This is mainly owing to rising health consciousness among people increases the need of dietary supplements. Nowadays, changing patterns of lifestyle are not able to fulfill the daily requirements of vitamin in body so, consumers choose dietary supplements to fulfill that gap. The Food and Beverage segment is forecasted to register the fastest CAGR of 6.5% over 2021-2026. This is mainly owing to its benefit of strengthening the food and beverage department regarding vitamin E as it is cost friendly, easy to get, convenient and also it fulfills the daily dietary needs of majority of consumers that are increasing the growth of market.
Global Natural Vitamin E Segment Analysis – By Geography
North America dominated the Global Natural Vitamin E Market with major share of 45% in 2020. This is owing to rising awareness about the benefits of health that increases the availability of vitamin products. Moreover, changing lifestyle among people and growing innovation in food also increases the adoption of natural vitamin E in this region.
However, Asia Pacific is estimated to be the significant growing market during the forecast period 2021-2026 owing to increasing awareness regarding health benefits among Asian population. Moreover, china is considered as the largest producer of vitamin E in Asia Pacific that increases the adoption of vitamin E which in turn driving the growth of the market.
Global Natural Vitamin E Market Drivers
- Rising Awareness about Health Among Consumers
According to World Health Organization (WHO), more than 2 billion people are suffering from vitamin deficiency in 2020 that increases the consciousness about health among consumers and are boosting the growth of Natural Vitamin E Market. Natural vitamin E helps in reducing cancer, heart disease and disorders, cell infections, arthritis and many more that increases the intake of natural vitamin E among consumers. Moreover, Food and Nutrition Board at the Institute of Medicine Of The National Academics are also recommended the consumption of vitamin E that also rising the adoption of vitamin products which is propelling the growth of the market over the period 2021-2026.
- Increasing Demand of Vitamin E in Cosmetic Industry
Recently, consumers are adopting the products that are free from chemical ingredients that increases the demand of natural vitamin in cosmetic industry. Moreover, rising availability of skin care products such as sun protection SPF forms, UVA as well as UVB protection contains natural vitamin E as it helps to maintain healthy and glowing skin that increases the adoption of vitamin E in cosmetic industry which is estimated to enhance the growth of the Global Natural Vitamin E Market.
COVID-19 pandemic had greatly impacted the growth of Global Natural Vitamin E Market. Lack of supply of basic raw material to the various end-use industry including the food industry, cosmetic industry, and others owing to the temporary shutdown of factories, blockage of roads, reduced access to input and services, labor movement, and various other factors is hampering its market growth. Owing to this pandemic, the manufacturers are usually unable to come up with a wide range of natural vitamins products, which is eventually hampering its market growth. This has led to a tremendous loss for various end-use industries.
Global Natural Vitamin E Market Challenges
- High Cost Associated with Natural Vitamin E
The factors that is set to impede the growth of the Global Natural Vitamin E Market are the rising cost of raw materials that has resulted in increasing the cost for vitamins products is set to create hurdles for the Global Natural Vitamin E Market.
Global Natural Vitamin E Market Outlook
Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Global Natural Vitamin E Market. Global Natural Vitamin E top 10 companies are ADM Company, BASF SE, Matrix Fine Science Pvt. Ltd, Amway Corporation, Herballife International Of America Inc., Organic Technologies, Nature’s Bounty Co., Puritans Pride, Cargill, and GlaxoSmithKline PLC.
Global Natural Vitamin E Market Development
- In January 2019, DSM has acquisition with Nenter & Co. Inc. in china in order to increase the production and assets of vitamin E.
For more Food and Beverage related reports, please click here
