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Tocotrienols Vitamin E Market will Reach Revenues Worth US$ 531 Million by 2031

Vitamin E Market

The market for vitamin E is expected to generate an absolute $ potential worth US$ 673 million between 2021 and 2031, according to Fact.MR, a market research and competitive intelligence firm. Consumers are overwhelmingly predisposed to use tocopherol vitamin E products, which is predicted to generate a US$ 531 million potential by 2031.

During the forecast period 2020– 2030, demand for vitamin E is expected to expand dramatically, creating an absolute $ potential of US$ 673 million. Vitamin E market expansion is expected to be pushed by food and beverage trends for nutritious foods around the world. Vitamin E is being sought after by the baby boomer generation to avoid chronic illnesses such as cardiovascular disease, osteoporosis, and memory loss associated with ageing.

Key Segments Covered

  • Type

    • Tocopherol Vitamin E Products
    • Tocotrienol Vitamin E Products
  • Source

    • Naturally-sourced Vitamin E
    • Synthetically-sourced Vitamin E
  • Application

    • Vitamin E for Dietary Supplements
    • Vitamin E for Animal Feed
    • Vitamin E for Food & Beverages
    • Vitamin E for Cosmetics
    • Vitamin E for Other Applications

Environment of competition

Leading producers are increasing their production capacity to fulfil the increased demand for vitamin E in new regions in order to profit on the untapped potential in emerging markets. As a result of significant internationalisation of enterprises through export and trade around the world, market leaders maintain a strong position. The following are some recent developments:

BASF completed the sale of its Kankakee, Illinois, manufacturing plant to an affiliate of One Rock Capital Partners LLC in June 2021, which included the linked businesses of vegetable-oil based raw material sterols and natural vitamin E products.
Koninklijke DSM NV announced a 75/25 joint venture with Nenter & Co Inc. in January 2019, which comprises all of the latter’s vitamin E production and related assets.

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