The
latest figures indicate a steady rise in the number of patients
suffering from vitamin E deficiency. The deficiency of vitamin E
causes anemia, ataxia, nerve damage, peripheral neuropathy,
retinopathy, skeletal myopathy, and impairment of the immune
response. The growing prevalence of these diseases is driving the
growth of the global natural source vitamin E market. Moreover, the
rising affordability of products and strengthening distribution
channels are also acting as a driver for the global natural source
vitamin E market.
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On
the flip side, the declining supply of key raw materials used for
producing natural source vitamin E such as deodorized distillates are
likely to hamper the growth of the global natural source vitamin E
market. Another factor restraining the growth of the global market
has been highlighted in the combined research of the World Health
Organization (WHO), the International Food Safety Authorities Network
(INFOSAN), and the Food and Agriculture Organization of the United
Nations (FAO). It states that excessive intakes of the vitamin E can
lead to the onset of several types of cancer.
However,
Transparency Market Research (TMR) analysts state that the augmenting
demand for natural source vitamin E owing to the increasing
purchasing power in emerging regions will prove to be a shot in the
arm for the global natural source vitamin E market. As per a new
report by TMR, the global natural source vitamin E market is
anticipated to progress at a CAGR of 12.8% between 2016 and 2024,
reaching a value of US$2,251.7 mn by 2024 from US$765.6 mn in 2015.
How
are emerging nations responding to the global natural source vitamin
E market?
Factors
such as the strengthening distribution channels, rising purchasing
power, and growing health awareness are likely to bear fruit for
emerging regions, especially Asia Pacific, in the forthcoming years.
Asia Pacific is anticipated to grow at a noteworthy CAGR of 13.3%
from 2016 to 2024. China is likely to emerge as the most lucrative
country for vendors. Another reason fuelling greater consumption of
natural
source vitamin E is the presence of a large population in
developing and less developed countries suffering from this
micronutrient deficiency.
However,
growing awareness regarding healthy lifestyles and consumption of
nutrients through supplements has put North America in a dominant
position. The presence of superior supply chain and a reasonable
level of affordability has benefitted increased adoption of natural
source vitamin E in developed nations such as Europe and North
America.
Why
are most organizations manufacturing natural source vitamin E in the
form of dietary supplements?
Several
studies indicate a growing preference for dietary supplements amongst
consumers, over other applications of natural source vitamin E such
as food and beverages, cosmetics, and animal feed. Dietary
supplements come with the benefits of boosting immunity, preventing
chronic diseases, and promoting longevity. These benefits along with
high feasibility are gaining the interest of health conscious
consumers and are ensuring a promising growth of the global natural
source vitamin E market. Therefore, vendors are focusing more on the
production of dietary supplements in the form of tablets, capsules,
and energy drinks.
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