Synthetic Vitamin E – A Global Market Overview
Synthetic vitamin E plays a crucial role across multiple industries due to its powerful antioxidant properties and essential biological functions. In animal feed, it is vital for maintaining animal health, improving immunity, and enhancing reproductive performance, particularly in poultry, swine, and aquaculture. In dietary supplements, synthetic vitamin E supports immune function, cardiovascular health, and acts as a protective agent against oxidative stress. Within the food and beverage industry, it is used as a preservative to extend shelf life by preventing the oxidation of fats and oils, especially in processed and fortified foods. In the cosmetics and personal care sector, synthetic vitamin E is valued for its skin-nourishing and anti-aging properties, being widely used in formulations such as moisturizers, sunscreens, and anti-wrinkle products. Its versatility and stability make synthetic vitamin E an indispensable ingredient in both health and consumer products.
In 2023, the global synthetic vitamin E market declined sharply, with total demand falling by 19.5% to US$1 billion. This downturn was primarily driven by exceptionally low vitamin E prices and a persistent destocking cycle across the supply chain. However, the market reversed course in 2024 amid severe supply disruptions and geopolitical challenges. A major fire at BASF's Ludwigshafen plant on July 29, 2024, resulted in a Force Majeure declaration affecting vitamin E, vitamin A, and carotenoid production. BASF announced that production would not resume before July 2025. This event was compounded by planned maintenance shutdowns by other major producers such as Zhejiang NHU, Jilin Beisha, and ZMC during mid to late 2024, leading to significant supply tightness and a sharp surge in vitamin E prices - reaching their highest levels in nearly five years by August 2024.
Over the forecast period from 2024 to 2030, the market is expected to see a negative compound annual growth rate (CAGR) of 1.3% in value terms, primarily due to anticipated price corrections. However, in volume terms, global consumption is projected to grow steadily, reaching 129,000 metric tons by 2030.
Synthetic Vitamin E Regional Market Analysis
The report reviews, analyzes and projects the Synthetic Vitamin E market for global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World for the period 2021-2030 in terms of volume (metric tons) as well as value (USD). Asia-Pacific region leads the global Synthetic Vitamin E volume market with a share of 36.4% in 2024 and is further projected to record the world's fastest CAGR of 3.3% during 2024-2030 to reach 49.7 thousand metric tons by 2030. On the other hand, demand for Synthetic Vitamin E in Europe is projected to sustain the slowest CAGR of 1.1% during the outlook period.
Synthetic Vitamin E Market Analysis by End-use Sector
End-use sectors of Synthetic Vitamin E covered in this report include animal feed, dietary supplements, food & beverages and cosmetics & personal care. In terms of volume, animal feed sector is the largest application for synthetic vitamin E globally cornering a share of 84% in 2024 and demand for synthetic vitamin E in this sector is projected to post the fastest 2024-2030 CAGR of 2.7% in terms of volume, reaching 110 thousand metric tons by 2030.
Due to growing demand for clean-label, organic, and natural ingredients natural vitamin E may increasingly replace synthetic forms in dietary supplements, food & beverages, and cosmetics. However, animal feed applications are likely to retain synthetic vitamin E owing to its cost-efficiency and scalability.
Synthetic Vitamin E Market Report Scope
This global report on Synthetic Vitamin E analyzes the global and regional markets for end-use sectors from 2021-2030 period with projections from 2024 to 2030 in terms of volume shipments in metric tons and value in US$. The report also includes production capacities of all synthetic vitamin E manufacturers by plant/country. In addition to providing profiles of major companies operating in this space, the latest corporate and industrial developments have been covered to offer a clear panorama of the industry.
Key Metrics
Historical Period: 2021-2023
Base Year: 2024
Forecast Period: 2024-2030
Units: Volume consumption in Metric Tons and Value market in US$
Companies Mentioned: 20+
Global Synthetic Vitamin E Market by Geographic Region
- North America (The United States, Canada and Mexico)
- Europe (Germany, France, Italy, Spain, the United Kingdom, The Netherlands and Rest of Europe)
- Asia-Pacific (China, India, Japan and Rest of Asia-Pacific)
- South America (Brazil, Argentina and Rest of South America)
- Rest of World
- Animal Feed
- Dietary Supplements
- Food & Beverages
- Cosmetics & Personal Care
1. INTRODUCTION
Glance at Overall Vitamin E Market
Market Trends and Outlook
Product Outline
Vitamin E
Types of Vitamin E
Synthetic Vitamin E
Natural Source Vitamin E
Tocopherols
Tocotrienols
Vitamin E TPGS (d-Alpha Tocopheryl Polyethylene Glycol 1000 Succinate)
Raw Materials and Manufacturing Processes of Vitamin E
Synthetic Vitamin E
Natural Source Vitamin E
Tocopherols
Tocotrienols
End-Use Applications of Vitamin E
Animal Nutrition
Human Nutritional/Dietary Supplements
Functional Food and Beverages
Cosmetics & Personal Care
2. INDUSTRY LANDSCAPE
Global Synthetic Vitamin E Installed Capacities
Key Global Players
BASF SE
Chongqing Southwest Synthetic Pharmaceuticals Corp Ltd
DSM-Firmenich AG/ Yimante
Jilin Beisha Pharmaceutical Co., Ltd.
Mitsubishi-Chemical Foods Corporation
Zhejiang Medicine Co Ltd (ZMC)
Zhejiang NHU Company Ltd
3. KEY BUSINESS TRENDS
4. GLOBAL MARKET OVERVIEW
Global Synthetic Vitamin E Market Overview by End-Use Application
Synthetic Vitamin E End-Use Application Market Overview by Geographic Region
Animal Feed
Dietary Supplements
Food & Beverages
Cosmetics & Personal Care
PART B: REGIONAL MARKET PERSPECTIVE
Global Synthetic Vitamin E Market Overview by Geographic Region
REGIONAL MARKET OVERVIEW
5. NORTH AMERICA
North American Synthetic Vitamin E Market Overview by End-Use Application
North American Synthetic Vitamin E Market Overview by Geographic Region
Synthetic Vitamin E Market Overview by North American Region
The United States
United States Synthetic Vitamin E Market Overview by End-Use Application
Canada
Canada Synthetic Vitamin E Market Overview by End-Use Application
Mexico
Mexico Synthetic Vitamin E Market Overview by End-Use Application
6. EUROPE
European Synthetic Vitamin E Market Overview by End-Use Application
European Synthetic Vitamin E Market Overview by Geographic Region
Major Market Players
BASF SE (Germany)
DSM-Firmenich AG (The Netherlands)
Eigenmann & Veronelli S.P.A. (Italy)
Synthetic Vitamin E Market Overview by European Region
Germany
Germany Synthetic Vitamin E Market Overview by End-Use Application
France
France Synthetic Vitamin E Market Overview by End-Use Application
The Netherlands
Netherlands Synthetic Vitamin E Market Overview by End-Use Application
Spain
Spain Synthetic Vitamin E Market Overview by End-Use Application
Italy
Italy Synthetic Vitamin E Market Overview by End-Use Application
The United Kingdom
United Kingdom Synthetic Vitamin E Market Overview by End-Use Application
Rest of Europe
Rest of Europe Synthetic Vitamin E Market Overview by End-Use Application
7. ASIA-PACIFIC
Asia-Pacific Synthetic Vitamin E Market Overview by End-Use Application
Asia-Pacific Synthetic Vitamin E Market Overview by Geographic Region
Major Market Players
Chongqing Southwest Synthetic Pharmaceuticals Corp Ltd (China)
Jilin Beisha Pharmaceutical Co., Ltd. (China)
Merck Limited (India)
Mitsubishi-Chemical Foods Corporation (Japan)
Nenter & Co., Inc. (China)
Wuhu Huahai Biology Engineering Co Ltd (China)
Yimante Health Ingredients (Jingzhou) Co.,Ltd. (China)
Zhejiang Donggong Pharmaceutical Co Ltd (China)
Zhejiang Medicine Co Ltd (China)
Zhejiang NHU Company Ltd (China)
Synthetic Vitamin E Market Overview by Asia-Pacific Region
China
China Synthetic Vitamin E Market Overview by End-Use Application
India
India Synthetic Vitamin E Market Overview by End-Use Application
Japan
Japan Synthetic Vitamin E Market Overview by End-Use Application
Rest of Asia-Pacific
Rest of Asia-Pacific Synthetic Vitamin E Market Overview by End-Use Application
8. SOUTH AMERICA
South American Synthetic Vitamin E Market Overview by End-use Application
South America Synthetic Vitamin E Market Overview by Geographic Region
Synthetic Vitamin E Market Overview by South American Region
Brazil
Brazil Synthetic Vitamin E Market Overview by End-use Application
Argentina
Argentina Synthetic Vitamin E Market Overview by End-use Application
Rest of South America
Rest of South America Synthetic Vitamin E Market Overview by End-use Application
9. REST OF WORLD
Rest of World Synthetic Vitamin E Market Overview by End-Use Application
Major Market Player
Yerevan Vitamin Plant (Republic of Armenia)
PART C: GUIDE TO THE INDUSTRY
Synthetic Vitamin E Manufacturers
Major Companies in the End-use Application Industries for Vitamin E
Nutritional Supplements Companies
Direct Selling Companies - Supplements and Personal Care
Contract Manufacturers - Supplements
Animal Nutrition Companies
PART D: ANNEXURE
RESEARCH METHODOLOGY
FEEDBACK
The global livestock industry has been quite dynamic for some time now. Whereas demand for livestock products in developing economies has been instrumental in driving growth, the developed world, in contrast, has been witnessing stagnating demand. Production systems, too, have been in the process of enhancing efficiencies and environmental sustainability. Traditionally, livestock products’ demand has changed in direct proportion to human population growth, income growth and levels of urbanization and different livestock systems have responded to these changes by developing science and technology platforms for enhancing animal production. Future production would largely depend on a range of competitive forces, such as those for natural resources, including land and water and those between food and feed, in addition to functioning in a carbon-constrained economy. Potential production growth and additional efficiency and genetic gains would be greatly facilitated through advancements in breeding, nutrition and animal health.
On a worldwide basis, the livestock industry can be said to be a study in contrasts between the developed and developing regions. Meat production has been witnessing unprecedented growth in the developing world, with a major proportion of the same being concentrated in regions that went through rapid economic growth, such as Asia-Pacific. On the contrary, the developed world presents a strikingly different picture, with meat production and consumption in these regions either on the wane or already declined.
By 2050, it is estimated that the global human population would reach a projected 9.15 billion, ranging between 7.96-10.46 billion, with a major chunk of this increase expected to be in the developing regions. Though the overall global population growth is likely to cease atsome point in time in this century, the rapidity in this growth would, in all likelihood, have a debilitating effect in realizing food security improvements in some countries, at least. Urbanization forms yet another key factor that influences demand for food. An increasing number of people have moved over to urban settings now from rural areas that at any previous point of time, with statistics revealing urbanization rates varying from below 30% in South Asia to almost 80% in the developed world and Latin America. General patterns of food consumption and specific demand for livestock products are greatly shaped by levels of urbanization. Another factor bolstering demand for livestock products is growth in income, and it has been established that growing income is directly proportional to growing demand for livestock products. As a consequence, Africa and Asia are the regions slated to emerge as the fastest growing for food products derived from livestock. Contrastingly, high calorie intakes of animal products in a majority of OECD countries would ensure that consumption levels record negligible changes, and consumption levels in South America and countries of the Former Soviet Union are expected to reach up to current OECD levels.
