Selbyville, Delaware, Aug. 03, 2020 (GLOBE NEWSWIRE) --
The vitamin E market value is expected to cross USD 3 Billion by 2026, according to a new research report by Global Market Insights, Inc. Rising consumer focus on health & hygiene coupled with demand for functional foods & beverage globally will escalate the demand for low calorie products and health supplements, thus fostering overall industry growth.
Increasing inclination for products that contain natural and healthy ingredients coupled with government guidelines to improve the nutrition intake among people will fuel vitamin E demand. Rise in abnormalities in dietary fat absorption or metabolism deficiency owing to changing lifestyle patterns and busy routines will propel the demand for health supplements. Moreover, substantial investments directed toward R&D by major manufacturers have resulted in enhancement of shelf life, improved flowability, and dispersibility in food and beverage products.
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Natural vitamin E segment will emerge as prominent product in global vitamin E industry, accounting for over 35% revenue share in 2019. Green leafy vegetables, nuts, seeds, and vegetable oils are excellent sources of vitamin E. Humans or animals would have to ingest twice the amount of synthetic chemical to match the bioavailability of the natural form. Thus, it is highly preferred fortifying micronutrients in animal and human nutrition applications. Tocotrienols are anticipated to attain high CAGR, owing to its powerful neuroprotective, cholesterol-lowering, and anti-cancer properties, that are often not exhibited by tocopherols. Also, penetration of clean label movement in food & feed supplements will have a positive impact on segment growth.
Some of major findings of the vitamin E market report include:
- Rising prevalence of osteoarthritis, vision problems, diabetes, cholesterol problems, cancer, and other health issues among both geriatric & young populace has boosted the demand for healthy food products. This will support vitamin E industry trends over the forecast period.
- Surge in demand for animal feed additives for maintaining optimum health and wellness in livestock animals will foster the overall industry statistics.
- Optimum consumption of vitamin E enhances insulin sensitivity and resistance among overweight individuals. Moreover, it can improve the health of obese people who experience high levels of oxidative stress and inflammation.
- Strong demand for product due to its favourable properties such as excellent antioxidant, moisturization and UV protection has urged manufacturers to utilize them in the beauty and cosmetics sector.
- Increasing consumer awareness of nutrient intake levels for infants owing to a recommendation from government organizations will spur overall industry size.
- Some of the key market players manufacturing vitamin E are ADM, BASF, Royal DSM, Cargill, Isochem, COFCO Tech Bioengineering, American River Nutrition, and Beijing Gingko Group.
- Market statistics for vitamin E market for functional food & beverages application incurred the highest CAGR and the sector is further anticipated to witness significant gains due to escalating demand for nutrient rich products that promote health and reduces risk of chronic diseases in both millennials and elderly people.
Browse key industry insights spread across 220 pages with 187 market data tables and 10 figures & charts from the report, “Vitamin E Market Statistics By Application (Animal Nutrition, Human Nutrition/Dietary Supplements, Functional Food & Beverages, Cosmetics), Products (Synthetic Vitamin E, Natural Vitamin E [Tocopherol, Tocotrienols]), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/vitamin-e-market
Vitamin E market from functional food & beverage application is anticipated to witness gains over 5.5% through 2026, owing to lower risk of chronic diseases and desire for an improved quality of life. High preference for functional foods from consumers in the North America and Europe regions to improve health & well-being and reduce the risk of major diseases such as osteoporosis, cardiovascular disease, & cancer will boost the product penetration rate. Also, strict nutrition facts labelling and standards on packaged food items that govern the suitability of nutrition claims will help in improving the quality of products.
Manufacturers are engaged in strategic expansion initiatives including partnerships, acquisitions, joint ventures, R&D activities to improve their market share and compete with major players. For instance, in July 2018, ADM announced the acquisition of animal nutrition business of Neovia Group for USD 1.8 billion. This strategy will help the company to expand its product portfolio, geographical reach, and strengthen its animal nutrition business. These factors will have a positive impact on industry outlook.
European vitamin E market is anticipated to witness over 4.5% through 2026. The region is characterized by strong potential market for nutraceuticals, cosmetics, and fortified foods & beverage products. Shifting consumer preference towards highly nutritious food along with favourable guidelines provided by the government agencies for vitamins & minerals consumption has instilled trust amongst consumers of these products. Technological advancements and adoption of encapsulation technique by manufacturers in the region will enable the development of vitamin E infused pharmaceutical supplements.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.