Global Natural Vitamin E Market Size to Grow at a CAGR of 7.23% During the Forecast Period 2020–2025
Global Natural Vitamin E Market size is estimated to be $710.16 million in 2019, growing at a CAGR of 7.23% during the forecast period 2020-2025. Natural Vitamin E is a group of eight fat soluble compounds which is further categorized into two types such as tocopherols and tocotrienols. The major source of Natural Vitamin E is plant foods such as wheat germ oil. It helps to prevent oxidation stress caused by free radicals in the body. In addition, it also benefits different parts of the body by imparting anti-inflammatory and antioxidant properties. Consumer awareness towards health issues is increasing the demand for vitamin E dietary supplements which is driving the growth of the market. Also the increasing demand for natural food supplements with enhanced nutrition as a substitute to the synthetic ones is also helping in the growth of Global Natural Vitamin E Market. Moreover, the rapidly growing e-tailing business is set to drive the market for Vitamin E products and is set to further enhance the market demand for the Global Natural Vitamin E Market during the forecast period 2020-2025.
Global Natural Vitamin E Market Segment Analysis - By Product
By Product the Global Natural Vitamin E Market is segmented into Tocopherols and Tocotrienols. The Tocopherols held the largest share in the Global Natural Vitamin E Market in 2019 and is estimated to grow at a CAGR of 6.8% during the forecast period 2020-2025. The alpha, beta and gamma tocopherol combination plays a significant role in preventing clogged arteries and strengthening immune system. It is widely used in dietary supplements. Tocopherols also help in slowing down the progression of Alzheimer’s disease. The research and development on combined tocopherol effects is increasing its scope for future applications. The Tocotrienols is set to be the fastest growing with a CAGR of 7.6% during the forecast period 2020-2025 owing to its various health requirements including high cholesterol, scars, cancer and other genetic disorders.
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Global Natural Vitamin E Market Segment Analysis - By End-User
By Application the Global Natural Vitamin E Market is segmented into Food and Beverage, Feed, Dietary Supplements, Pharmaceuticals, Cosmetics and Others. Dietary Supplements holds major share in Global Natural Vitamin E Market in 2019 owing to the increasing health concern among the consumers and the increasing demand for dietary supplements. As vitamin E provides various health benefits but sometimes its requirement is not met by the plant based diet. This concern has resulted into increased demand for diet supplements as a nutritive food. The Food and Beverages is set to be the fastest growing CAGR during the forecast period 2020-2025 owing to its benefit by fortifying the food and beverage segment with vitamin E as a wide nutritional need as they are convenient, economical and easily accessible to wide masses.
Global Natural Vitamin E Market Segment Analysis - By Geography
Based on Geography, Global Natural Vitamin E Market is segmented into North America, Europe, Asia- Pacific and Rest of World. North America region dominated the Global Natural Vitamin E Market in 2019 with a share of 39.27% owing to increased spending on healthcare nutritional food including dietary supplements by the citizens. And increased cosmetic application of Vitamin E as anti-aging product is driving the market towards growth.
Asia-Pacific region is set to be the fastest growing CAGR during the forecast period 2020-2025 owing to increasing health conscious population and demands for products with vitamin E nutritional benefits.
Global Natural Vitamin E Market Drivers
Increasing health awareness among consumers
Consumers are becoming aware about the health related issues. Owing to various benefit of Vitamin E includes its inflammatory and antioxidant properties. It also helps in prevention from high cholesterol level, genetic disorders, and cell damages and also maintains proper functioning of the body. Also Vitamin E deficiency causes many health issues owing to which consumers have started demanding dietary supplements containing vitamin E. Vitamin E consumption is also recommended by the Food and Nutrition Board at the Institute of Medicine Of The National Academics, they have developed Dietary Reference Intakes. It is for all from infants to adults with different dosage also pregnant and lactating women are asked to take high preferred dosage in order to maintain their level of nutrition. Thus, increasing the growth of the Global Natural Vitamin E Market during the forecast period 2020-2025.
Increasing demand for natural food supplements and other Vitamin E applications
Consumer preferences towards healthy diet have increased the demand for vitamin E applications in food supplements and as fortified food and beverage. Also Vitamin E provides various benefits to the skin owing to which its application have increased in the cosmetic industry by keeping the geriatric population need in mind. For them anti-aging cream and other skin moisturizers have been introduced. Moreover recent researches are going on to increase the scope of vitamin E a therapeutic means. Thus, increasing the growth of the Global Natural Vitamin E Market during the forecast period 2020-2025.
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Global Natural Vitamin E Market Challenges
Higher cost of natural Vitamin E supplements
Some of the factors that is poised to impede the growth of the Global Natural Vitamin E Market are the rising cost of raw materials which has resulted into increasing cost for vitamin E products.
Global Natural Vitamin E Market Industry Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Global Natural Vitamin E Market. Global Natural Vitamin E Market top 10 companies are Archer Daniel Midland Company, BASF SE, Matrix Fine Science Pvt. Ltd, Amway Corporation, Herballife International Of America Inc., Organic Technologies, Nature’s Bounty Co., Puritans Pride,Cargill, GlaxoSmithKline PLC .
Developments:
July 2017: Archer Daniel Midland Company, US based multinational food processing company launched Novatol® a naturally sourced Vitamin E from vegetable oil. Its was considered to be safe and reliable source which is set to provide health benefits more than the synthetic vitamin E dietary supplements.
Key Takeaways
The North America dominated the Global Natural Vitamin E Market in 2019 owing to increased consumer awareness about health issues and higher spending on vitamin products. Many major players in this region are also contributing in Research and Development in order to increase vitamin E therapeutic applications.
Tocopherols accounted for the largest market share in 2019. Owing to its wide availability as tocopheryl acetate. It is known for its antioxidant properties, which makes it a demanding source of vitamin E in commercial dietary applications.
Dietary supplements accounted for the largest market share in 2019. Owing to the rising health awareness is propelling the demand for vitamin E supplements intake.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Global Food Amino Acid Market report.
Higher costs of the natural Vitamin E are poised to create hurdles for the Global Natural Vitamin E Market.
Related Reports :
A. Mixed Tocopherol Market
https://www.industryarc.com/Report/16577/mixed-tocopherol-market.html
B. Natural Source Vitamin E Market
https://www.industryarc.com/Report/16576/natural-source-vitamin-e-market.html
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