Vitamin E Market to Reach USD 882.2 Million by 2028 with a CAGR of 4.7% | Valuates Reports
BANGALORE, India, July 7, 2022 /PRNewswire/ -- The Global Vitamin E Market is Segmented by Type (Natural Vitamin E, Synthetic Vitamin E), by Application (Natural Vitamin E, Synthetic Vitamin E), by Application (Feed Industry, Food Industry, Pharmaceuticals): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Vitamins & Supplements Category.
Due to the COVID-19 pandemic, the global Vitamin E market size is estimated to be worth USD 669.7 Million in 2022. It is forecast to a readjusted size of USD 882.2 Million by 2028 with a CAGR of 4.7% during the forecast period.
Major Factors Driving the Growth of the Vitamin E Market
The rise in consumer awareness regarding the health and the disadvantages of vitamin E deficiency will drive the growth of the market. The rising scope of Vitamin E in many applications such as pharmaceuticals, dietary supplements, and animal nutrition will further generate various profitable opportunities for the vitamin E market.
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TRENDS INFLUENCING THE GLOBAL VITAMIN E MARKET
Animal products like meat, milk, and eggs are consumed widely due to their desirable taste, high nutritional value, and easy availability. Synthetic vitamin E is the crucial ingredient in animal nutrition due to its stability, accessibility, and effectiveness. Vitamin supplementation improves performance, boosts immune systems, and leads to enhanced hatchability and fertility. The lipid oxidation is deceased with lower serum and egg cholesterol concentrations. Milk yield is improved along with superior meat quality and egg size. These factors will boost the growth of the Vitamin E market during the forecast period.
Vitamin E deficiency is a major concern across the world. It is vital for preventing cell damage and stimulating cellular function. Pregnant women, elderly people, children, and infants are provided with Vitamin E in their diet for healthier lifestyles. As an antioxidant, it aids in the fortification of foods such as milk powder, children's food, dietetic products, breakfast cereals, etc. Vitamin is also used in dietary supplements. Such factors will drive the growth of the global Vitamin E market in the coming years.
People suffering from macular degeneration, Crohn's disease, and cystic fibrosis require vitamin E medication to prevent problems related to breathing, digestion, weight loss, gastrointestinal infection, and difficulty in the absorption of foods. As it has high antioxidant properties it is required by the body for improving the immune system and preventing blood clots. Moreover, the anti-inflammation system protects cells from free radicals. This has prompted researchers to investigate further into the therapeutic potential of Vitamin E. This in turn will fuel the growth of the Vitamin E market during the forecast period.
However, there are certain side effects involved in the dosage of pills. It can lead to nausea, headache, fatigue, and bleeding. E-cigarettes and other vaping products contain Vitamin E acetate which has been linked to lung injuries. Such factors will deter the expansion of the Vitamin E market in the upcoming years.
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VITAMIN E MARKET SHARE
Based on product, synthetic vitamin E is the highest segment with a share of 90%.
Based on application, the feed industry segment is expected to dominate due to the high demand for animal products and livestock nutrition. Vitamin E is a crucial ingredient in the animal feed industry.
Based on region, Asia-pacific will witness considerable growth due to rising awareness of pharmaceutical and dietary supplements. China is the biggest market with a share of 55% followed by Europe at 40%.
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Key Companies
- ADM
- Zhejiang Medicine
- DSM (Cargill)
- Wilmar Nutrition
- BASF
- Riken
- Mitsubishi Chemical
- Shandong SunnyGrain
- Ningbo Dahongying
- Glanny
- Zhejiang Worldbestve
- Vitae Naturals.
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SIMILAR REPORTS:
- Due to the COVID-19 pandemic, the global Natural Vitamin E market size is estimated to be worth USD 668.4 Million in 2022 and is forecast to a readjusted size of USD 942.7 Million by 2028 with a CAGR of 5.9% during the review period.
- The global Hair Care market size is projected to reach USD 7655.5 Million by 2027, from USD 4870 Million in 2020, at a CAGR of 6.6% during 2021-2027.
- In 2020, the global Vitamin E Linoleate market size was USD 2 Million and it is expected to reach USD 3 Million by the end of 2027, with a CAGR of 5.4% during 2021-2027.
- In 2020, the global Gummy Vitamin market size was USD 1700 Million and it is expected to reach USD 2300 Million by the end of 2027, with a CAGR of 4.5% during 2021-2027.
- The global Algae products market was valued at USD 2,276.0 Million in 2020, and is projected to reach USD 4286.8 Million by 2031, growing at a CAGR of 4.88% from 2022 to 2031.
- The global Vitamin Supplements market size is projected to reach USD 28600 Million by 2027, from USD 22140 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 3.7% during 2021-2027.
- Due to the COVID-19 pandemic, the global Herbal Supplements market size is estimated to be worth USD 7637.5 Million in 2022 and is forecast to a readjusted size of USD 9280.1 Million by 2028 with a CAGR of 3.3% during the review period
- The global Dietary Supplements market size is projected to reach USD 121110 Million by 2027, from USD 89810 Million in 2020, at a CAGR of 3.9% during 2021-2027.
- The global Plant Protein market was valued at USD 5865 Million in 2020 and it is expected to reach USD 10330 Million by the end of 2027, growing at a CAGR of 8.6% during 2021-2027.
- The functional food market size was valued at USD 177,770.00 Million in 2019, and is estimated to reach USD 267,924.40 Million by 2027, registering a CAGR of 6.7% from 2021 to 2027.
- Due to the COVID-19 pandemic, the global Food Anti-caking Agents market size is estimated to be worth USD 710.1 Million in 2022 and is forecast to a readjusted size of USD 877.9 Million by 2028 with a CAGR of 3.6% during the review period.
- The global Nutraceutical Ingredients market size is projected to reach USD 174 Million by 2027, from USD 128.5 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 4.0% during 2021-2027.
- The global Nutritional Analysis market size is projected to reach USD 4733.1 Million by 2027, from USD 3360 Million in 2020, at a CAGR of 5.0% during 2021-2027.
- Due to the COVID-19 pandemic, the global Astaxanthin market size is estimated to be worth USD 121.2 Million in 2021 and is forecast to a readjusted size of USD 200.2 Million by 2028 with a CAGR of 7.6% during the forecast period 2022-2028.
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- The global packaged food market size was valued at USD 1,925.7 Billion in 2020 and is projected to reach USD 3,407.2 Billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 5.2% from 2021 to 2030.
- Due to the COVID-19 pandemic, the global Freeze Dried Foods market size is estimated to be worth USD 12350 Million in 2022 and is forecast to a readjusted size of USD 15190 Million by 2028 with a CAGR of 3.5% during the review period.
- The global food safety testing market size was valued at USD 13,144 Million in 2017, and is estimated to reach USD 23,204 Million by 2025, registering a CAGR of 7.3% from 2018 to 2025.
- The global plant extract market is estimated to be worth USD 17790 Million in 2022 and is projected to reach USD 31170 Million by 2028 with a CAGR of 9.8% during the forecast period.
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