Indian natural vitamin E market to reach $4.5M by 2020
Indian Natural Vitamin E market is in infant stage and is growing at a healthy rate. Currently, natural vitamin E is being mainly used in dietary supplements followed by fortification of foods & beverages and cosmetics. Preference towards the application of Natural Vitamin E in animal feed is expected to pick up in next couple of years which is almost negligible or very low at present.
Industry participants also expect that natural vitamin E is preferred to use, especially in high end pet food segment. Inline to the expansion of Indian nutraceutical market, the demand for vitamins has been increased over the years. Global leading nutraceutical companies such as Amway and Herbalife are investing in manufacturing nutraceuticals in India either directly or through contract manufacturers.
The Indian natural vitamin E market is composed of dietary supplements, fortified foods & beverages and cosmetics. Dietary supplements segment leads the market followed by food & beverages. In India, Baddi (Himachal Pradesh) and Banglore (Karnataka) are the regions with highest number of nutraceutical manufacturers. These companies have been preferred partners for international as well as domestic pharma and nutraceutical manufacturers.
Natural source Vitamin E products analyzed in this study include Tocopherols and Tocotrienols. The end use application markets covered in the report include Animal Feed, Nutritional/Dietary Supplements, Food & Beverages and Cosmetics. The report reviews, analyses and projects the natural source vitamin E market for India.
Indian Natural Vitamin E volume market, estimated at 24.5 metric tons with a value of US$1.9 million in 2013 and forecast to be 27.1 metric tons valued at US$2.2 million in 2014, is further projected to reach 55.1 metric tons worth US$5.4 million by 2020, thereby maintaining a volume CAGR of 11.7% and a value CAGR of 15.8% between 2012 and 2020.
The study includes 38 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. The statistical tables represent the data for the global market value in metric tons and value in US$ by geographic region, the product segment and application area. The report also provides the listing of the companies engaged in the manufacturing and supply of natural vitamin E as well as major players in the vitamin E end-use industries such as human nutrition, animal nutrition and personal care. The list of companies covers addresses, contact numbers and the website addresses of 78 Indian companies and 94 international companies.