Market Research Report
Tocopherol Water Market - Growth, Trends And Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||851195|
Delivery time: 2-3 business days
|Tocopherol Water Market - Growth, Trends And Forecast (2020 - 2025)|
|Published: April 1, 2020||Content info:||
The Tocopherol market is forecasted to reach USD 4211.67 million by 2024 growing at a CAGR of 9.4%during the forecast period (2019 - 2024).
Tocopherols are a class of organic chemical compounds, many of which have vitamin E activity also they are fat-soluble alcohols with antioxidant properties, important in the stabilization of cell membranes. They are known to improve neurological disorders and aid the prevention of heart and other chronic diseases. By source, the market is divided into soybean oil, rapeseed oil, sunflower oil, corn oil, and other sources, by compound, the market is segmented into alpha tocopherols, beta tocopherols, gamma tocopherols, delta tocopherol and by application, the market is divided into food and beverage, feed, pharmaceuticals, cosmetics, and other applications. High content of tocopherols in soybean oil boosts its antioxidant potential. The tocotrienol extracted from soybean oil finds extensive usage in the cosmetics industry. It helps in the removal of sunburns, blemishes, acne, and facilitates the development of new cells.
Strong Demand from Feed Industry
Mixed tocopherol usage in Animal feed industry is booming due to rising concern over animal health. Growing demand for high-quality poultry meat and pork has driven the demand for tocopherol in the feed industry. All-rac-alpha-tocopherol acetate is the most common vitamin E form used to supplement animal feeds. Application in animal feed has got a huge opportunity in the field of tocopherol. An adequate amount of tocopherol is required in animal nutrition to protect them from malnutrition and pathogen. In addition, the rising concerns of heat stress on animals are also anticipated to boost the use of tocopherol in animal feeds. Thus, with the rise in demand for quality meat and poultry products globally, the demand for the use of tocopherol in animal feed is also expected to increase.
North America Dominated the Global Market
The United States tocopherol market is driven by high demand from feed, functional foods, and dietary supplements sectors. The US consumers exhibited enhanced awareness regarding the health benefits of vitamin-E and its sources due to their beneficial effects. Furthermore, it reduces the probability of pregnancy-related disorders. The US food and beverage industry is experiencing greater demand for tocopherol, due to increased consumption of organic and fortified foods, such as cereals, fruit juices, and spreads. The Europe tocopherol market is driven by the robust demand projected from the food, cosmetics, personal care, nutraceutical, pharmaceutical, and animal nutrition sectors. These sectors are using natural and semi-natural antioxidants that are manufactured by using tocopherol. Archer Daniels Midland Company, BASF SE, BTSA, and Cytoplan are some of the key leading players of the tocopherol market.
Archer Daniels Midland, BASF, Cargill, Merck, and DuPont are leading companies and have an extensive product portfolio in tocopherol, with different concentration and grades. These are used as an ingredient in different applications, such as dietary supplements, cosmetics, pharmaceuticals, and animal feeds. Davos Life Science has a brand new name, DavosLife E3 (formerly known as Naturale 3), for their range of Tocotrienol-Rich Fraction (TRF) products. This change is part of the company's rebranding initiative. DavosLife E3 TRF contains a complete spectrum of Tocotrienol isomers and a-Tocopherol that have health benefits. Additionally, even private label players in the market effectively follow product launches, innovation, partnerships, and market expansions for the growth of the market.