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Vitamin E Market Size

Report ID: GMI335
Published Date: Oct 2023
Report Format: PDF

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Vitamin E Market Size

Vitamin E Market size is anticipated to record over 4.3% CAGR from 2023 to 2032, due to the surging consumer preference for natural and organic ingredients, mainly in the cosmetics and food sectors.

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The growing awareness regarding the health benefits owing to its potential antioxidant properties and prominent role in immune support is driving the demand for vitamin E in supplements and fortified foods. The rising concerns over the usage of synthetic forms has propelled the higher interest in natural sources of vitamin E, such as mixed tocopherols and tocotrienols on account of its healthier and more environmentally friendly benefits. The evolving regulatory support for the adoption of vitamin E in various industries will also prove favorable for the industry growth.

Vitamin E Market Report Attributes
Report Attribute	Details
Base Year:	2022
Vitamin E Market Size in 2022:	2.3 Billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.3%
2032 Value Projection:	3.0 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	220
Tables, Charts & Figures:	197
Segments covered:	Product, Application, Region
Growth Drivers:	Rising rate of health supplements consumption Growing demand from animal feed industry Increasing consumer interest in cosmetics Scaling R&D investments Surging adoption of sustainable production practices
Pitfalls & Challenges:	Natural Vitamin E supply and demand imbalance

What are the growth opportunities in this market?

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The surging consumer focus on sustainable practices for vitamin E production and sourcing will contribute substantially to the industry growth. To quote an instance, in August 2022, scientists at Agriculture Canada collaborated with the University of Manitoba to develop a new process for extracting oil loaded with vitamin E from canola seeds. However, the imbalance in supply and demand of natural vitamin E due to limited sources of soybean, sunflower, and wheat germ influenced by agricultural factors, such as weather, pests, and crop yields may hamper the product demand to some extent.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The market size of vitamin E is set to grow at 4.3% CAGR from 2023 to 2032, owing to the surging consumer preference for natural and organic ingredients mainly in the cosmetics and food sectors.

The cosmetics application segment will record more than 5% CAGR between 2023 and 2032, driven by increasing incorporation in sunscreens and after-sun products.

North America market size will gain remarkable momentum during the forecast timeline, owing to the presence of stringent government regulations to limit the adoption of synthetic ingredients in cosmetics and nutraceutical products in the region.

ADM, Isochem, American River Nutrition, BASF, Beijing Gingko Group, Royal DSM, Cargill, and COFCO Tech Bioengineering are some of the leading vitamin E companies.