Sharp Price Raise Keeps Market Value Intact while Volume Consumption Records Nominal Growth for Natural Source Vitamin E Demand, Global Market Projected to Reach $1.4B (20K MTs) by 2028
Industry Experts, Inc. published the 2023 version of its global market report on Natural Vitamin E. The new version of the report entitled “Natural Source Vitamin E (Tocopherols and Tocotrienols) – A Global Market Overview” reveals that Asia-Pacific will emerge as the largest consumer of the global Natural Vitamin E market by 2028 in terms of both volume and value with CAGRs of 5.7% and 5.4% respectively between 2022 and 2028.
Dietary Supplements sector is the largest consumer of Natural Vitamin E worldwide and any upturns and downturns in the demand from Dietary Supplements will directly reflect in the overall Natural Vitamin E market. Amid the pandemic induced upturn in the demand for supplements and fortified foods & beverages, the global Natural Vitamin E consumption has significantly increased during 2020-2021 period. Demand growth for supplements and fortified foods slowed down likewise significantly in 2022 as the threat by the pandemic continued to wane and the global economic conditions weakened.
Global demand for Natural Source Vitamin E reached US$1.1 billion in 2022, registering a YOY growth of 17% attributed to huge price increase in Tocopherols. Rising energy costs, supply chain disruptions and tight supply of vegetable oil distillates has prompted Tocopherols producers to increase prices during the 2021-2022 period. As evident from the industry, vitamin E prices are expected to remain stable at 2022 levels during the forecast period (2022-2028) as the global supply chain conditions are improved and energy costs are coming down. In light of high inflation and rising Tocopherols prices, consumers are likely to become increasingly price sensitive heading into the forecast period, and the global volume consumption of Natural Vitamin E is projected to progress at a moderate CAGR of 3.6% between 2022 and 2025. As economic conditions are expected to back to normal after 2025, the global demand for Natural Vitamin E is projected to reach about 20K metric tons by 2028.
The report reviews, analyzes and projects the natural source vitamin E market for global and regional markets including North America, Europe, Asia-Pacific, South America and Rest of World. These regional markets further analyzed for 14 independent countries across North America – The United States, Canada and Mexico; Europe – Germany, France, Italy, Spain, The Netherlands and The United Kingdom; Asia-Pacific – China, India and Japan; and South America – Brazil and Argentina.
This 235 page study includes 277 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. The statistical tables represent the data for the global market volume in metric tons and value in US$ by geographic region, the product segment and application area. This report comprises brief business profiles of 43 key major companies that are engaged in the manufacturing and supply of Natural Source Vitamin E tocopherols and tocotrienols. The report also provides the listing of the companies engaged in the manufacturing and supply of natural vitamin E as well as major players in the vitamin E end-use industries such as human nutrition, animal nutrition and personal care. The global list of companies covers addresses, contact numbers and the website addresses of 223 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/healthcare-and-pharma/natural-source-vitamin-e-tocopherols-and-tocotrienols-a-global-market-overview
Media Contact
Company Name: Industry Experts, Inc.
Contact Person: Sharat Kumar
Email: Send Email
Phone: 3204973787
Address:451 W Bonita Ave Suite #10
City: San Dimas
State: California
Country: United States
Website: https://industry-experts.com/
