Natural Vitamin E Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Natural Vitamin E Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Natural vitamin E Market

The natural vitamin E market size was valued at USD 672.18 million in 2019, and the market is now projected to grow to USD 1,867.27 million by 2032, exhibiting a CAGR of 7.68% during the forecast period of 2019-2032.

The outbreak of COVID-19 affected the natural vitamin E market mainly due to the global focus on health supplements about the vitamin necessary for the immune system. This claimed grew the demand for natural vitamin E products especially in the dietary supplements sub category due to emerging health conscious and disease risk avoidance market. However, the pandemic broke the supply chain at onset and the growth was somewhat halted in the cosmetics and personal care segment due to cut throat reduction in spendings on non-essentials. However, market is not without problems and has continuously faced them, but it is strong and has the potential for further growth being driven by a spike in a consciousness of health issues and a shift towards clean/ natural labelling. This boosted the natural vitamin E market growth.

This is due to the increasing market demand for natural source vitamin E due to the demand for natural ingredients and additives. Nutrient density has also taken its due importance SWOT analysis due to increased knowledge about the health benefits and the importance of micronutrients among the customers. Nutritional supplements are no longer a novelty, but modern ones from natural origins are a new trend with the millennials, who are ready to pay more for premium aspects like clean label. The vitamins and minerals supplements segment have remained unique subject to changes in customer preferences where singles vitamins and minerals instead of the blends and mixtures are preferred. These factors drive the natural vitamin E market share.

A clear shift in the natural vitamin E market is the shift towards plant based and non-GMO sources due to concerns of consumers towards clean labels and sustainability. Many producers are using natural sources such as sunflower seeds or algae to extract vitamin E for vegans and customers free from allergenic soy in tocopherols. Sustaining this trend is development of extraction processes that provides increased purity and concentration in natural vitamin E compounds especially in dietary supplement and functional food markets.

Comprehensive Analysis of Natural vitamin E Market

The natural vitamin E market is responding quite an unprecedented rate of growth because of its market segmentation. This indicators growth in different regions by substituting the major forces of supply and demand which define the shape of local pharmacy benefit management market. Therefore, they are logically divided into 2 Segments, by type and by application analysis. That natural source of vitamin E is available as extremely refined D-alpha-tocopherol or its esters. It has been ascertained that alpha-tocotrienol can supply human nutrition needs among the eight chemical types. The units used to measure vitamin E are more specific called International Units (IU), and 1 IU of vitamin E equals 0,67 mg d-α-tocopherol (“natural” vitamin E). Tocotrienols are fewer usual kinds of vitamin E in comparison to tocopherols because the latter is given in x percentage bases in most diets worldwide after the availability of the former was discovered. The dietary supplements are also elaborated with larger amounts of tocopherols. The market observed the dietary supplements as the prime application segment in the year 2018. In the global marketplace, most micronutrients can be obtained in a chemically isolated and purified concentration. Solids in form of pills and tablets are some of the most commonly bought formulations of vitamin E.

The market size in Asia Pacific had a considerable presence in the global market. The nutraceuticals market across India has shown a remarkable rise in the past years and the demand for vitamins has also increased gradually. Also, through its supply chain the multinationals are looking at the developing economy of Asia pacific both as a raw material supplier and a very large market that has a propensity for active principles derived from plant sources.

Archer Daniels Midland Company [U.S.], BASF SE [Germany], Koninklijke DSM N.V. [Netherlands], Matrix Fine Sciences Pvt. Ltd. [India], Amway Corporation [U.S.], Herbalife International of America, Inc. [U.S.], Healthful International Co., Ltd. (HSF) [China], Organic Technologies [U.S.], Nature's Bounty Co. [U.S.] and Puritan's Pride [U.S.] are significant players in the food supplements market. They are the key player that ensures the industry's success while still having to keep pace with their innovation in product and services. They offer a competitive zone that incites the growth of technologies and quality assurance. They operate on a global scale and have a wide range of product lines ensuring that the market players compete on a fair playing field bringing in innovations that result in the market's evolution.

In January 2019, Global DSM declared its plan of starting a joint venture with Nenter & Co. Inc in China. DSM will acquire 75% of this company in which all Nenter’s production capacity as well as other related Fixed assets for Vitamin E.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2015-2026

Base Year 2018

Forecast Period 2019-2026

Historical Period 2015-2017

Unit Value (USD Million)

Segmentation By Type

Tocopherols

Tocotrienols

By Application

Dietary Supplements

Food and Beverages

Cosmetics

Others

By Region

North America (U.S., Canada, and Mexico)

Europe (Germany, France, U.K., Italy, Russia, and Rest of Europe)

Asia Pacific (China, India, Japan, Australia, Korea, Southeast Asia and Rest of Asia Pacific)

South America (Brazil, Argentina, and Rest of South America)

Middle East & Africa (South Africa, Saudi Arabia, Turkey, Egypt and Rest of the MEA)Please Note: It will take 5-6 business days to complete the report upon order confirmation.