Industry Outlook and Trend Analysis
The global Natural Source Vitamin E market was worth USD 0.85 billion in 2014 and is expected to reach approximately USD 2.51 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 12.77% during the forecast period. Natural source vitamin E is fat solvent antioxidant. It works as an enzymatic activity regulator and plays a vital part in neurological functions. It additionally protects lipids and averts oxidation of polyunsaturated fatty acids. Some of the key natural vitamin E rich foods are spinach, vegetable oils, sunflower seeds, peanuts, avocado and broccoli among others. Consumption of vitamin E averts oxidative stress, facilitates healthy muscles, and strengthens eyesight and immunity. Thus there is significant demand for vitamin E rich food and beverages among consumer who are health conscious. Foods with natural vitamin E content assist in protecting against heart disease, cancer, muscular degeneration, and kidney and liver damage among others. Developing issues of consumers with respect to harmful synthetic added substances used as a part of dietary supplements, personal care products, and food and beverages among others are impelling the development of common vitamin E around the world.
Product Outlook and Trend Analysis
There are two variations of natural source vitamin E accessible in the market: tocopherol and tocotrienol. Of these, tocopherol is foreseen to lead based on demand and in addition as far as being the most significant income benefactor. The tocopherol fragment represented 65% of the market in 2015. High use in dietary supplements is a key explanation behind the developing interest for tocopherol. As tocotrienols are hard to assimilate amid processing and are additionally inadequately circulated to blood cells, thus they're demand is less .Also, they are quickly processed and disposed of from the body.
Application Outlook and Trend Analysis
The applications for natural source vitamin E incorporate cosmetics, animal feed, dietary supplements, and food and beverage. Of these, the dietary supplements portion drove in the past as well as witness development in the coming a very long time because of the guarantee supplements hold in avoiding ceaseless maladies or of the guarantee of life span. The development of distribution chains will likewise help the interest for vitamin E-based dietary supplements, for example, capsules, energy drinks, and tablets.
Regional Outlook and Trend Analysis
The market for natural source vitamin E is prospering in North America and Europe. The market for natural source vitamin E market in North America was represented more than 40% in 2015 and 26% in Europe. The developing awareness about having a healthy way of life and the expanding acknowledgment of the significance of supplements by making use of supplements is both driving the natural source vitamin E market in these two areas.
The leading players in the market are DSM, Archer Daniels Midland, Riken Vitamin Co Ltd, Beijing Gingko Group North America, Zhejiang Worldbestve Biotechnology Co Ltd, BASF, Eisai Food & Chemical Co Ltd, Fenchem Biotek and Wilmar Spring Fruit Nutrition Products Co. Ltd. The key statergy adopted by the major players are new product launches and mergers and acquisitions with the aim to maintain their position in the market.
The Natural Source Vitamin E market is segmented as follows-
Food and Beverages
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?