Animal Feed Drives the Global Synthetic Vitamin E Demand to Reach 119k Metric Tons by 2024
Industry Experts, Inc. published a new 2018 version of its global market report on Synthetic Vitamin E. The new version of the report entitled " Synthetic Vitamin E – A Global Market Overview " reveals that Animal feed is the largest application area with a volume share of about 83%, translating into 87 thousand metric tons, and a value share of 65.2% equating to US$843 million in 2017. Synthetic vitamin E constitutes the major ingredient employed in the global animal feed sector, with the market for this key additive continuing to expand in direct proportion to demand for livestock that is more evident in the developing economies of Asia, Africa and Latin America. Brazil, China and other Asian and African regions. Vitamin E plant closures, such as those of BASF in Germany and others in China, have tightened the supply of vitamin E since the last quarter of 2017. As a consequence of this, the supply of vitamin E will constrict in the first half of 2018 and cause considerab...