Portland, OR, Sept. 08, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global vitamin E market was pegged at $2.66 billion in 2020, and is expected to reach $3.72 billion by 2028, growing at CAGR of 4.3% from 2021 to 2028.
Rise in demand for dietary supplements, easy availability of products, and surge in concerns of diseases augments drive the growth of the global vitamin E market. However, availability of substitutes and counterfeited vitamin E cosmetics hinder the market growth. On the contrary, increase in demand for organic cosmetic with vitamin E is expected to unlock new opportunities in the future.
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Covid-19 scenario:
- The Covid-19 pandemic increased awareness regarding healthy lifestyle, which boosted the demand for vitamin E supplements. Moreover, the strict lockdown regulations hindered the manufacturing activities and forced production facilities to work at reduced potential.
- However, the prolonged lockdown disrupted the supply chain and increased the raw material prices.
The report segments the global vitamin E market on the basis of type, application, and region.
Based on type, the segment held the largest share in 2020, accounting for more than three-fifths of the market. Moreover, the segment is estimated to register the highest CAGR of 4.5% during the forecast period. The report includes an analysis of natural segment as well.
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On the basis of application, the supplement segment dominated the market in 2020, contributing to more than two-fifths of the market. Moreover, the segment is projected to manifest the highest CAGR of 4.5% during the forecast period. The report also analyzes the segments including cosmetics and animal feed.
The global vitamin E market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2020, accounting for nearly two-fifths of the market. In addition, the region is expected to register the highest CAGR of 5.3% during the forecast period.
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The global vitamin E market includes an in-depth analysis of the prime market players such as BASF SE Corporation, Eisai Food & Chemical Co.Ltd., Koninklijke DSM N.V., Zhejiang Medicine Co Ltd., Southwest Pharmaceuticals Corp Ltd., Matrix Fine Sciences Pvt.Ltd., Zhejiang NHU Company Ltd., Parchem fine & specialty chemicals, Archer Daniels Midland Company, and Hangzhou Gosun Biotechnologies Co Ltd.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
