Livestock Diets and Specialty Pet Food Segment to Surge Market Demand for Vitamin E
Owing to the notable consumption by animal feed industry, market of vitamin E is expected to show robust growth in the coming years.
Around three fourths of total global production of vitamin E is used as an additive in various animal nutrition products and animal feed products.
Owing to the high global demand for animal feed, the market opportunity for vitamin E as an animal feed additive is increasing.
The pet food market has seen multiple new specialty products that provide value added substitutes, thus augmenting vitamin E demand.
Existing vitamin deficiencies among pets has motivated pet owners to make a shift towards specialty supplements, thus propelling the market to grow.
The benefits of this is reduced cost as synthesized tocopherol is comparatively more economical to produce as compared to naturally extracted tocopherol.
Tocopherol type of Vitamin E is projected to create an absolute dollar opportunity US$ 531 Mn during the forecast period (2020 – 2030).
Tocopherol to Remain as the Major Revenue Contributor to Vitamin E Market
The vitamin E landscape is witnessing increased demand for tocopherols from food and beverages industry, cosmetics and animal feed industry.
The consumption of tocotrienols is expected to show high growth as compare to tocopherols. However, tocopherol held more than two third of vitamin E market share in 2019.
Moreover, consumption of tocotrienols across the globe has increased substantially owing to high demand from the cosmetics industry.
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Emerging Countries to Hold Notable Share by the End of 2029
Demand for vitamin E is receiving a significant uptick in developed as well as developing countries.
This trend is seen in agriculture driven markets such as China, India, Mexico and Brazil etc. East Asia, South Asia and Latin America are projected to hold around one third of the market share by end of 2030.
These three regions are anticipated to grow at a higher CAGR than that of global vitamin E CAGR.
Naturally Extracted Vitamin E from Palm Oil to Gain Traction
The multiplying demand for naturally extracted vitamin E from various sources has become a new market trend.
Recently, companies have evolved systems to extract vitamin E from its natural form and palm oil has turned out to be the key ingredient store for vitamin E.
This trend has soared in popularity among South Asian companies.
Moreover α-tocotrienol, a derivative of vitamin E from palm oil is highly suitable for human consumption. As a result palm oil has become a key source of vitamin E extraction.
As per recent studies, vitamin E is a better and natural solution for skin treatment. Due to which cosmetic industry uses vitamin E (tocopherol) as an important nutrient for skin care products.
Tocopherol/ tocopheryl is vastly used in various skin solutions such as sunscreens, lotions, anti-aging and several others.
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Tier 1 Companies to Contribute Two Third Market Share of Global Vitamin E Market
The prominent companies in the vitamin E market such as ZMC Corporation, BASF SE, Zheijang NHU and Koninklijke DSM N.V. etc are front runners in the vitamin E market.
These players are planning to tap into the unharnessed potential in emerging markets and are escalating their production capacities to maintain the increasing supply of vitamin E in new geographies.
The market leaders are maintaining a strong position owing to strong Internationalization of companies through export and trade across the globe.
For instance, India is the largest export market in Asia for ZMC Corporation. ZMC Corporation exports its products in around 140 countries across the globe.
Vitamin E Market: Segmentation
FactMR’s study has done the segmentation of vitamin E market on the basis of type, source, application and region.
Vitamin E Market Scope Of The Report
Vitamin E market is anticipated to witness a notable upsurge during the forecast period 2020 to 2030, conferring to a new Fact.MR study.
The study promotes crucial trends that are presently determining the growth of vitamin E market.
This newly published and perceptive report sheds light on vital dynamics, which are likely to convert the future of vitamin E market, in turn generating worthwhile opportunities for key companies as well as evolving players who are interested in the production of vitamin E.
Vitamin E market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of vitamin E market.
The report primarily conveys a summary of the vitamin E market, considering present and upcoming vitamin industry scenarios, to reveal striking sides relating to the acceptance of vitamin E across prominent regional markets.
A detailed assessment on few of vitamin E producers and suppliers accessible in the report allows the report readers to obtain detailed findings that have resulted from vitamin E supply chain analysis, business execution, and value chain analysis across the regional markets incorporated in the report.
A list of prominent companies functioning in vitamin E market provided in the report enhances reliability of this ample research study.
Vitamin E Market: Report Summary and Scope
Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in vitamin E market across the globe.
A comprehensive estimate on vitamin E market has also been made accessible by the experts, who have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of vitamin E during the forecast period.
Analysis and estimation of price point comparison by region and by type with the global average price has been included in this study.
Vitamin E Market: Analysis on Market Size Evaluation
Predictions of vitamin E market, encompassing current as well as forthcoming projected values estimate and analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at the regional and global scale for vitamin E are available in terms of “US$ Mn.”
A Y-o-Y growth contrast on prominent vitamin E market segments, along with the market attractiveness valuation computes understandings brought in the report.
Metrics mentioned above are also followed based on vitamin E applications where vitamin E witness a steady demand.
Vitamin E Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on vitamin E market, which delivers projection on the regional markets.
These chapters brighten the regional macros (political economic, and business environment outlook), which are expected to have a significant impact on the growth of vitamin E market during period of forecast.
Country-specific valuation on demand for vitamin E has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominent regions and countries. For all regional markets Y-o-Y growth estimates have also been incorporated in the report.
Vitamin E Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of vitamin E market, along with the profiles of major companies contributing to the market expansion.
Essential and up-to-date data as well as information correlated to the market performers, who principally engaged in the production and supply of vitamin E, has been brought with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.
Company profiles have been shared with report, which exerts essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player recognized along with the company policies identification and analysis.
The company presence mapped and presented through the matrix for all the prominent players of the market functioning in vitamin E market offers readers with actionable intellect, which helps in thoughtfully presenting the market status, and making decisive predictions on the competition levels in vitamin E market.
Major companies operating in global vitamin E market, include ZMC Corporation, BASF SE, Zheijang NHU, Koninklijke DSM N.V., Jilin Beisha Pharmaceutical Co., Ltd., Jilin Beisha Pharmaceutical Co., Ltd., The Archer Daniels Midland Company, Wuhu Huahai Biology Engineering Co., Orochem, Parchem Fine & Specialty Chemicals and others.
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