Vitamin E Market Analysis
Based on type, the industry share from the natural vitamin E segment, comprising tocopherols and tocotrienols, is set to witness immense traction through 2032.
- Natural vitamin E has gained considerable ground in the field of human & animal nutrition for strengthening the natural defense of bodies against illness while preventing diverticular diseases. To cite an instance, in September 2022, Vilofoss introduced CareFoss E-Force, its award-winning natural vitamin E supplementary product for calves.
- The ongoing research into natural vitamin E due to its potential role in combating chronic diseases is driving innovation and development of new products, further favouring the market growth.
The cosmetics application segment in the vitamin E market will grow at 5% CAGR between 2023 and 2032.
- Vitamin E, on account of ability to enhance efficacy in protecting as well as repairing skin from sun damages, is largely incorporated in sunscreens and after-sun products. To cite an instance, in August 2022, Skincare brand COSRX introduced Vitamin E Vitalizing Sunscreen SPF 50 + for meeting the requirements for broad-spectrum protection.
- The surging burden of certain environmental factors, including UV radiation and pollution is also driving the demand for Vitamin E as a potent antioxidant in protecting the skin from damages. The growing focus on preventing premature aging and skin damages will add to the segment growth.
North America vitamin E market size is slated to show tremendous growth through 2032, owing to the presence of stringent government regulations to limit the adoption of synthetic ingredients in cosmetics and nutraceutical products. The escalating per capita healthcare spending along with the emerging health and wellness trends to counter obesity and diabetes in the region is pushing the popularity of vitamin E supplements and fortified foods. As per CDC (Centers for Disease Control and Prevention), the obesity prevalence among half of the U.S. population recorded more than 35% in 2022. The rising rate of vitamin deficiency along with the surging meat consumption will also favor the regional market demand.