New York, Feb. 13, 2023 (GLOBE NEWSWIRE) -- The Gamma Vitamin E Supplements Market revenues were estimated at US$ 2.1 Billion in 2022 and are anticipated to grow at a CAGR of 5.3% from 2023 to 2033, according to a recently published Persistence Market Research report. By the end of 2033, the market is expected to reach a valuation of US$ 3.7 billion. Gamma Vitamin E supplements in the form of tablets are expected to account for a significant market, with a projected CAGR of 5.2% from 2023 to 2033.
The Rise in Incidence of Non Communicable diseases and Rising Consumer Awareness about Supplements to Boost the Market Growth
Gamma Vitamin E is known to have properties that protect against cancer and also anti-inflammatory properties as well as protect the individual from heart diseases and also has anti-aging properties present in it. Gamma vitamin E protects the heart by reducing the amount of plaque formed on the walls of the arteries.
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The anti-inflammatory properties of gamma vitamin E can reduce the inflammation in the body of patients suffering from diseases like rheumatoid arthritis and asthma. The rise in these no communicable diseases can be attributed to the rising sedentary lifestyles along with the aging population all across the world. Along with the rise in non-communicable diseases consumers are becoming aware of the health benefits of consuming supplements, therefore, expanding the gamma vitamin E market during the assessment period.
The key players in the market include
- Glanbia Plc
- Pfizer Inc.
- Bayer AG
- Amway Corp.
- GlaxoSmithKline plc
- Good Health New Zealand
- The Nature's Bounty Co.
- NOW Foods
- Abbott
- Herbalife Nutrition
North America accounts for a Significant Market throughout the Analysis Period
North America accounted for a market size of US$ 856 Million in 2022 and is estimated to reach US$ 900 Million in 2023. It is projected that the region will have a market worth US$ 1.5 Billion in 2033.
According to the WHO, about 2.6 million adults had been diagnosed with cancer in 2020 and the number of people suffering from cancer can rise to about 3 million adults in the region by 2030. Around 700,000 deaths were attributed to cancer and it is projected that about 872,000 lives will be claimed by cancer by 2030.
The rise in incidences of cancer can be attributed to excessive alcohol consumption and smoking among the population along with a lack of physical activity.
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Competitive Analysis:
The players in the market are currently investing heavily in research to gain more information regarding the health benefits of gamma vitamin E supplements and their long-term benefits on human health. The manufacturers are also developing better formulations of gamma vitamin E supplements to provide maximum benefit for the consumer.
A few of the recent developments are:
- In April 2021, Nestle acquired nature’s bounty for US$ 5.7 Billion dollars to expand its vitamin supplement market.
More Insights Available
Persistence Market Research, in its new offering, presents an unbiased analysis of the Gamma Vitamin E supplements market, presenting historical market data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
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The study reveals extensive growth in the Gamma Vitamin E supplements market
- in terms of Form (Powder, Gummies, Capsules, Tablets, and soft gels),
- in terms of Distribution Channel (Online and Offline),
- in terms of Region (North America, Europe, Asia Pacific, Middle East, and Africa, Latin America) - 2023 to 2033.
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