Synthetic Vitamin E Prices Expected to Stabilize Soon and the Global Market to Reach $1.5 billion by 2030

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A new report from Industry Experts Inc, on "Synthetic Vitamin E Market," is released. According to this global market research report, as a result of supply shortages and firm demand, the global synthetic vitamin E market rebounded in value to US$1.6 billion in 2024, marking a 57% increase from the previous year.

The global synthetic vitamin E market declined sharply, with total demand falling by 19.5% to US$1 billion, in 2023. 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.

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 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.

The market for superconductors analyzed in this report on a global basis covering all major regions including 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) and Rest of World.

The market for end-use applications of Synthetic Vitamin E analyzed in this report include Animal Feed, Dietary Supplements, Food & Beverages and Cosmetics & Personal Care.

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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