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Synthetic Vitamin E - A Global Market Overview
Date:7/24/2013

Rockville, MD (PRWEB) July 24, 2013

Synthetic Vitamin E - A Global Market Overview

An increasing demand for livestock directly translates into increasing demand for animal feed and animal feed additives such as vitamins. Synthetic vitamin E is the key ingredient used in global animal feed industry today. It is obvious that demand for synthetic vitamin E for animal feed applications would continue to grow as demand for livestock also grows, more so in the developing regions of Asia, Africa and Latin America. Countries, such as Brazil, China, Russia and other Asian and African regions have been on a catching up mode as they are increasingly adopting modern animal production systems to keep abreast of enhancing domestic demand.

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Animal feed is the largest application area with a volume share of about 81.9%, translating into 82.1 thousand metric tons, and value share of 67.1% equating to US$712.9 million in 2012. Further, consumption of synthetic vitamin E by the animal feed industry is also expected to record the fastest 2012-2020 CAGR of 4.5% in reaching a projected 116.5 thousand metric tons in 2020 in terms volume and projected to reach US$1.1 billion by 2020 at a CAGR of 5.7% over 2012-2020 in terms of value.

The synthetic vitamin E growth in animal feed industry is mainly attributed to the animal feed industry’s growth in developing world. The demand for livestock products such as meat, poultry etc. is increasing rapidly in developing nations. The main attributes for this growth would be population growth, urbanization and especially growin
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