Press release
Global Vitamin E Market to Reach $3.97 Billion by 2029, Growing at 7.4% CAGR
Vitamin E
The escalating need for skincare products is anticipated to boost the advancement of the vitamin E market. Skincare products encompass an extensive array of items structured to enhance and sustain the healthiness and outlook of the skin. The desire for these products is intensified due to heightened consciousness about skin wellbeing, often instigated by the sway of social media. Furthermore, the surge in online shopping and ceaseless innovation in skincare lures consumers in search of potent solutions. Vitamin E, being a flexible and advantageous ingredient in skincare, provides moistening, protective, and curative characteristics tailored for various skin conditions and types. As an illustration, The Cosmetic, Toiletry, and Perfumery Association, a UK-based entity, reported in May 2023 that the skincare products sales soared to 479,569 units in 2022 from 461,472 units in 2021. Thus, the escalating need for skincare products is fueling the advancement of the vitamin E market.
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What is the future CAGR of the vitamin e market, and how will it impact industry expansion?
In the past few years, a significant growth has been observed in the vitamin E market. The market, which stood at $2.77 billion in 2024, is projected to increase to $2.99 billion in 2025, marking a compound annual growth rate (CAGR) of 7.7%. Factors such as higher consumption of dietary supplements, the fortification of animal feed, heightened health consciousness, the needs of the cosmetic industry, and an aging population have contributed to this historic period of growth.
The market size for vitamin e is predicted to experience robust expansion in the coming years, reaching $3.97 billion in 2029 with a compound annual growth rate (CAGR) of 7.4%. The expected growth during the forecast period is due to factors such as the rising demand for functional foods, the expansion of aquaculture, an increase in the occurrence of chronic diseases, wider use in pharmaceuticals, and a consumer preference shift towards natural products. Key trends during this forecast period will be new product debuts, customised nutrition, clean labelled products, plant-based substitutes, and an escalation in research and development funding.
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How are the latest trends influencing the growth of the vitamin e market?
Leading firms in the vitamin E market are concentrating on improving health products by integrating sophisticated ingredient blends and formulations. This includes the development of items like vitamin E creams that offer all-around health advantages and cater to a broad range of consumer requirements spanning multiple sectors. The use of vitamin E in creams is notable, given its role as an antioxidant, helping to hydrate, safeguard, and repair the skin. For instance, P&G Health's Evion, a pharmaceutical product manufacturer based in India, unveiled a Vitamin E Cream, that combined Vitamin E and Aloe Vera in April 2024. The aim was to boost skin nourishment and foster a glowing look. This suggests enhancement in both naturally derived and artificially created variants of Vitamin E, along with the introduction of new uses across diverse sectors, encompassing cosmetics, dietary supplements, and functional food products. Vitamin E's health benefits make it a key component in health and wellness products.
What are the major segments of the vitamin e market and their role in driving growth?
The vitamin emarket covered in this report is segmented -
1) By Type: Tocopherol Vitamin E Products, Tocotrienol Vitamin E Products
2) By Source: Naturally-Sourced Vitamin E, Synthetically-Sourced Vitamin E
3) By Application: Dietary Supplements, Animal Feed, Food And Beverages, Cosmetics, Other Applications
Subsegments:
1) Tocopherol Vitamin E Products: Alpha-Tocopherol, Beta-Tocopherol, Gamma-Tocopherol, Delta-Tocopherol
2) Tocotrienol Vitamin E Products: Alpha-Tocotrienol, Beta-Tocotrienol, Gamma-Tocotrienol, Delta-Tocotrienol
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What regions are leading the charge in the vitamin e market?
Europe was the largest region in the vitamin E market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vitamin e market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the vitamin e market?
Major companies operating in the vitamin e market are Archer Daniels Midland Company (ADM), BASF SE, Brenntag AG, Evonik Industries AG, Kao Corporation, DSM Nutritional Products, Amway Corporation, Lonza Group AG, Glanbia Plc, Alfa Laval AB, Herbalife Nutrition Ltd., Sime Darby Plantation Berhad, Lubrizol Corporation, Kemin Industries Inc., Schwabe Group, Vitamin Shoppe Industries Inc., Naturex SA, Swanson Health Products Inc., Nature's Way Products LLC, AstaReal AB, Kensing LLC, NutriScience Innovations LLC, Vitae Naturals, Hawkins Watts Limited
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What Is Covered In The Vitamin E Global Market Report?
•Market Size Forecast: Examine the vitamin e market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the vitamin e market for a structured understanding.
•Key Players Overview: Analyze major players in the vitamin e market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the vitamin e market.
•Segment Contributions: Evaluate how different segments drive overall growth in the vitamin e market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the vitamin e market.
•Industry Challenges: Identify potential risks and obstacles affecting the vitamin e market.
•Competitive Landscape: Review strategic developments in the vitamin e market, including expansions, agreements, and new product launches.
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