The global natural vitamin E product market size is expected to be valued at USD 758.1 Million in 2022 and USD 956.3 Million in 2032.
Rising awareness about personal health and wellness is encouraging consumers to include vitamins and minerals in their daily diet, which would push sales of natural vitamin E products.
As per FMI, the global natural vitamin E product market is projected to exhibit steady growth at a CAGR of 10.8% in the forecast period (2022 to 2032). Surging demand for dietary supplements infused with natural vitamin E is anticipated to bode well for the global market.
| Report Attribute | Details |
|---|---|
| Natural Vitamin E Product Market Estimated Base Year Value (2021) | USD 731.4 Million |
| Natural Vitamin E Product Market Expected Market Value (2022) | USD 758.1 Million |
| Natural Vitamin E Product Market Anticipated Forecast Value (2032) | USD 956.3 Million |
| Natural Vitamin E Product Market Projected Growth Rate (2022 to 2032) | 10.8% CAGR |
Natural vitamin E mainly exists in eight different forms, including delta, gamma, beta, and alpha tocotrienols and tocopherols. Each of these forms has minute differences in terms of activities in an individual’s body.
Naturally sourced vitamin E is a crucial nutrient, as well as a blend of fat-soluble vitamins. It is found in a wide range of food items, such as wheat, oils, nuts, and vegetables. At the same time, it is found in fresh fish, shellfish, olive oil, sunflower seeds, mangoes, sweet peppers, and almonds.
Demand for natural vitamin E products is anticipated to grow at a considerable rate in future years owing to their ability to protect human beings from bacterial and viral infections, as well as prevent human muscles from damage. The daily consumption of natural vitamin E along with dietary supplements also helps in preventing blood clotting.
Increasing spending on vitamins and health supplements across the globe is likely to drive the market. Surging medical awareness and high disposable incomes are a couple of other key factors propelling the market.
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Governments of developing countries are expected to take numerous initiatives to surge the consumption of fortified food and beverages among people.
The increasing prevalence of various health problems associated with an individual’s age, such as myopia in the adult population, is also projected to drive the global natural vitamin E product market growth during the assessment period.
According to the International Myopia Institute, on average, nearly 30% of the globe is currently myopic. The institute also mentioned that approximately 50% of people will be myopic by the end of 2050. The number of cases is set to grow at a rapid pace in the upcoming years, which would foster growth.
The increasing inclination of consumers towards cosmeceutical, which delivers medical alternatives to conventional treatment options, is expected to augment growth. Consumers nowadays are looking for those products that do not have any chemical ingredients. It is further set to push sales of new products infused with naturally sourced vitamins, including vitamin E.
The consumption of too many health supplements containing fat-soluble vitamins, including vitamin E, can lead to various complications in an individual’s body. Excessive consumption of vitamin E can result in vomiting, abnormal bleeding, diarrhea, and muscle aches.
The bleeding can also surge the risk of early death or a stroke. Too much vitamin E can further disturb blood thinners and chemotherapy medicines. These complications may obstruct sales of natural vitamin E products in future years.
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High demand for cosmetics equipped with organic or natural ingredients in the USA and Canada is likely to boost the North American natural vitamin E product market share in the future. Also, the rapid expansion of the retail sector and entry of a large number of e-commerce platforms across the region are anticipated to augur well for the market.
Fashion Nova, a fast fashion retail company based in California, launched its latest beauty segment, NovaBeauty in June 2022. The company introduced a new range of vegan, cruelty-free products under the NovaBeauty Lip Collection.
The collection includes Moisturizing Rich Glow Gloss, 2-In-1 Snatched Lip Liner and Perfect Pout Lipstick. All lip products are infused with vitamin E to prevent signs of aging and help nourish the lips. Thus, the launch of similar innovative products by key players across North America is set to aid growth.
An increasing number of people living with vitamin E deficiency, especially the geriatric population, in developing countries, such as India and China is projected to augment the Asia Pacific market.
Rising awareness about the benefits of consuming vitamin E to prevent arthritis, cancer, cell infection, cardiovascular disease, diabetes, and life problems is another crucial factor that is set to fuel growth.
As per the India Brand Equity Foundation (IBEF), India ranks 3rd in terms of pharmaceutical manufacturing by volume in the world. Also, the Indian pharmaceutical market is anticipated to grow 3x by reaching USD 65 Billion in 2024.
The ongoing development of cutting-edge pharmaceutical products consisting of vitamin E is thus projected to spur the Asia Pacific market.
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Some of the renowned companies operating in the global natural vitamin E product market include FenchemBiotek, Archer Daniels Midland Company, Merck KGaA, BASF SE, Wilmar Spring Fruit Nutrition Products Co. Ltd., Brenntag AG, Riken Vitamin Co. Ltd., Beijing Gingko Group, Koninklijke Dsm N.V., and Davos Life Science among others.
The global market is consolidated in nature due to the dominance of a handful of companies, including Roquette Frères, Ingredion Incorporated, and Cargill, Inc.
Key players are focusing on expanding their consumer base and launching new products by investing huge sums in Research and Development activities. A few other companies are aiming to improvise their in-house product formulations and striving to enter untapped regions to attract more consumers.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.8% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Product Type, Application, Source, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled |
FenchemBiotek; Archer Daniels Midland Company; Merck KGaA; BASF SE; Wilmar Spring Fruit Nutrition Products Co. Ltd.; Brenntag AG; Riken Vitamin Co. Ltd.; Beijing Gingko Group; Koninklijke Dsm N.V.; Davos Life Science |
| Customization | Available Upon Request |
The global natural vitamin E product market is set to surpass USD 956.3 Million in 2032.
North America is set to lead the natural vitamin E product market in the forecast period.
FenchemBiotek, Archer Daniels Midland Company, Merck KGaA, BASF SE, Wilmar Spring Fruit Nutrition Products Co. Ltd., and Brenntag AG are some of the renowned companies in the natural vitamin E product market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Tocopherols 5.2. Tocotrienols 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Functional Food & Beverages 6.2. Pharmaceuticals 6.3. Cosmetics 6.4. Animal Feed 6.5. Dietary Supplements 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Source 7.1. Soybean Oil 7.2. Sunflower Oil 7.3. Rapeseed Oil 7.4. Other Sources 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. BASF SE 16.2. Koninklijke DSM N.V. 16.3. Archer Daniels Midland Company 16.4. Merck KGaA 16.5. Prinova Group LLC 16.6. Jilin Beisha Pharmaceutical Co., Ltd 16.7. BTSA Biotecnologías Aplicadas SL 16.8. Aryan International 16.9. Orah Nutrichem 16.10. The Bountiful Company 17. Assumptions & Acronyms Used 18. Research Methodology
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Natural Vitamin E Product Market
