Global Vitamin E Market: Overview
Foods such as nuts, certain oils, eggs, poultry, and wheat germ oil are natural sources of vitamin E. Vitamin E are fat soluble vitamins and it acts as antioxidants for the body. The vitamin E has other benefits such as it has the power to reduce the damage caused by free radical, aids to the proper functioning of the body organs, and slows down the aging process. It is available on the market as dietary supplements which help in reducing the high blood pressure, prevents the chest pains, and hardened or blocked arteries.
Global Vitamin E Market: Segmentation
The global vitamin E market is segmented into its product, application, and regions. On the basis of product, the market is segregated into natural vitamin E and synthetic vitamin E. The natural vitamin E is of two type tocotrienols and tocopherol. Based on the application, the global market is categorized into animal nutrition, functional food & beverages, human nutrition/dietary supplements, and cosmetics. Region-wise, the global vitamin E market is diversified into Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa.
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Global Vitamin E Market: Growth Factors
The demand for the vitamin E is increasing around the globe owing to the factors that there has been a significant increase in the awareness among the people about their health and the increasing disposable income of the people. The consumers are eliminating the use of chemical toxins in their personal care products and food & beverages which is indirectly increasing the demand of the vitamin E. The other factors that are contributing towards the market growth are the increased use of the product in the capsules, energy drinks & capsules, and the solid distribution network. Consumption of vitamin E helps to stay healthy, helps in staying young, controls the blood pressure levels and cardiovascular diseases. Vitamin E is also used in the animal feed sector which contributes to the growing demand of vitamin E. In the recent years, the trend is that the vitamin E supplements can be bought online which contributes to the market growth.
Global Vitamin E Market: Regional Analysis
The regions that are the key markets for vitamin E are Europe and North America. The important contributor of vitamin E in the North American market is the US. The factors that contribute to the market growth are the robust distribution channels, increasing population of the elderly people that are conscious about their physical appearance, and the increasing disposable income.
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In Europe, the vitamin E market is in demand due to the animal feed sector in the countries such as Germany and Russia. The other region that is growing fast in the global vitamin E market is Asia Pacific region owing to the factor that there is a huge amount of meat production. India is the major contributor in the meat production.
Global Vitamin E Market: Competitive Players
The major market players in the global vitamin E market include Cargill, COFCO Tech Bioengineering, ADM, BASF, and American River Nutrition.
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