Tocopherol to Remain as the Major Revenue Contributor to Vitamin E Market, Finds Fact.MR

Alerted by existing vitamin deficiencies among livestock and pets, owners are increasingly shifting toward animal nutrition, and specialty products, thereby, boosting the adoption of vitamin E.
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Dublin 2 - Dublin - Ireland

DUBLIN 2, Ireland - Sept. 25, 2020 - PRLog -- The global vitamin E market will register an absolute $ opportunity of US$ 673 Mn over the foreseeable period, 2020-2030. Growth engine will primarily be fueled by rising demand for animal feed additive that offer value-added substitutes in tandem with upswing in expenditure on animal feed and nutrition. High usage of tocopherol/ tocopheryl in formulating different skin solutions is offering further impetus to market revenue pool.

"Influenced by evolving lifestyle patterns, consumers worldwide are accelerating their shift toward functional food & beverages. Moreover, recent studies suggest that vitamin E is a highly preferable natural ingredient for skin treatment. As such, vitamin E is making inroads into the cosmetic industry as a key nutrient for various skin care products," opines Fact.MR in its new study.

Vitamin E Market: Key Findings

• Given upsurge in application in animal feed and food sector, tocopherol type of vitamin E continues to remain sought-after.
• Consumption of synthetic vitamin E will be prominent, especially in developed regions.
• North America and Europe capture about 2/3 of overall vitamin E market value; markets in East Asia and South Asia to grow rapid CAGR.
• Market players are increasing their production capacities in a bid to enhance their global footprint.

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Vitamin E Market - Key Driving Factors

• Significant shift toward health-centric food & beverages to bolster market growth.
• Increasing worldwide demand for animal feed to boost consumption of vitamin E.
• Surging adoption in skin solutions - sunscreens, lotions, anti-aging formulations - to offer lucrative opportunities to manufacturers.
• Rise in spending on animal nutrition and feed including, poultry feed, starter feed, and nutritional feed, to sustain value creation.

Vitamin E Market - Key Restraints

• High costs associated with naturally-sourced vitamin E to hinder revenue growth.

Impact of Covid-19

Vitamin E has long been considered as an essential nutrient in combating infectious diseases, owing to its role in safeguarding body cells from the stresses of oxidation. In addition, vitamin E has also displayed success in combating the condition of bovine coronavirus.

Consequently, vitamin E in foods and supplements are anticipated to gain traction among health-conscious consumers, as they seek to bolster their immune systems. The trend is expected to continue through the forecast period.

Competitive Landscape

Players covered in the vitamin E market include ZMC Corporation, BASF SE, Zheijang NHU, Koninklijke DSM N.V., Jilin Beisha Pharmaceutical Co. Ltd., Wuhu Huahai Biology Engineering Co.,.

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