According to Future Market Insights research, during the projected period, the Tocotrienol market is expected to grow at a CAGR of 4.4 %. The market value is projected to increase from US$ 360.5 million in 2022 to US$ 554.5 million by 2032. The Tocotrienol market was valued at US$ 345.3 million at the end of 2021 and is anticipated to exhibit a CAGR growth of 4.41% from 2016 to 2021.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | US$ 360.5 million |
| Market Forecast Value in 2032 | US$ 554.5 million |
| Global Growth Rate (2022 to 2032) | 4.4% CAGR |
| Forecast Period | 2022 to 2032 |
| Market Share of The United Kingdom in Europe | 6.1% |
Members of the vitamin E family and isomers of vitamin E, tocotrienols are renowned for their varied health advantages. Some oils, as well as wheat, rice, barley, rye, and oats, contain tocotrienols. Scientists are finding numerous new sources, including annatto. They are typically not found in low concentrations and are mostly derived from high-concentration palm oil.
Tocotrienols are a focus of research because of their significant health benefits, use in treating several types of cancer, and other health benefits. Additionally, their demand is rising quickly on the global market. However, at the moment, barely 1% of vitamin E research is focused on tocotrienols.
A new report published by Future market insights, titled, Tocotrienol Market - Global Opportunity Analysis and Industry Forecast, 2022 to 2032, projects the global Tocotrienol market to reach US$ 554.5 million by 2032. The market was valued at in 2016 and is expected to grow at a CAGR of 4.4% from 2022 to 2032.
North America dominates the wood vinegar market followed by Europe This is attributed to the high consumption of convenience and processed food, high awareness about food safety, high demand for bio-based agriculture fertilizers, and extensive use of wood vinegar in Japan and other regions.
The Asia Pacific and the Middle East and Africa hold huge potential and show substantial growth in terms of increased use of organic fertilizer, substitute for synthetic chemicals for small-scale farmers, and the presence of local players in these regions are some of the factors which strengthen the growth of wood vinegar market throughout the forecast period.
Tocotrienol research and development is expanding, and the substance is becoming more popular on the international market and has received government permission for a variety of uses. For instance, the French government has approved the use of palm-based tocotrienols in dietary supplements, while Japan has approved tocotrienols as a food additive.
Tocotrienols are in demand in the cosmetics market segment because of the well-known benefits of the vitamin E family members. As an essential component, tocotrienols are also used as dietary supplements. Tocotrienols are also taken by athletes, bodybuilders, and joggers to prevent protein and lipid peroxidation following physically demanding activities like exercise.
The tocotrienols market is divided into alpha, beta, gamma, and delta tocotrienols based on their kind. Each variety has a unique chemical composition. Alpha and gamma tocotrienols, however, predominate in the natural world.
The brain can be protected from stroke and other brain damage by alpha-tocotrienols. After a stroke, gamma-tocotrienols can aid in preventing serious heart damage. While delta-tocotrienols can reduce platelet aggressiveness.
The Tocotrienol in the market is expected to grow at a CAGR of 4.4% during the forecast period of 2022 to 2032. Various market players are focusing on the discovery of new sources of tocotrienols and commercializing them. For instance, a manufacturer American River Nutrition discovered tocotrienols from annatto and commercialized it. Various nutraceutical and antioxidant manufacturers are also entering the market.
The global tocotrienol market is highly competitive with the presence of numerous manufacturers. The competition among the players is intense in terms of product innovation and pricing. The manufacturers are investing heavily in research and development to develop new products with improved efficacy. They are also focusing on expanding their geographical footprints to gain a larger share of the global market.
The leading players in the market include Archer Daniels Midland Company, BASF SE, Evonik Industries AG, and Eisai Co., Ltd. These players hold a significant share in the global market owing to their strong brand equity, large product portfolio, and wide geographical presence.
Drivers: Increasing applications of tocotrienols in the pharmaceutical industry owing to its benefits such as anti-cancer, lowering cholesterols, cardiovascular disease, etc. is the key market driver. They are generally recognized as safe (GRAS) substances and can be used as an additive in dietary supplements.
The rising number of health-conscious consumers and their concern regarding unhealthy lifestyles along with improper diets is anticipated to drive the market demand for tocotrienols in near future. Researchers have developed a new medicine named EVNol SupraBio that has been proven to help in curing Alzheimer’s disease.
It might save people against heart strokes coupled with cerebral health illnesses. Such Research and Development (R&D) initiatives are expected to create plentiful opportunities and open potential applications for the tocotrienols market.
Increasing awareness about the health benefits of tocotrienols in the diet as well as in other applications is being adopted rapidly into the global markets. Owing to all the health benefits and applications of tocotrienols market is expected to expand rapidly in near future.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | US$ million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa (MEA) |
| Key Countries Covered | The USA, Canada, Mexico, Germany,The United Kingdom, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
| Key Segments Covered | By Type, By Source, By End-user, By Region, By Distribution Channel |
| Key Companies Profiled | Excel Vite Sdn. Bhd.; Davos Life Sciences; Vance Group; BTSA - Biotechnologies Aplicados SA; American River Nutrition Inc; Eisai Food & Chemical Co. Ltd; Beijing Ginko Group; Super Vitamins Sdn. Bhd |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Tocotrienol market will reach a valuation of US$ 360.5 million by the end of 2022.
The global Tocotrienol market is forecasted to surpass US$ 554.5 million by the end of 2032.
The USA, Germany, Japan, China, India, Australia, and The United Kingdom are the major countries driving demand for Tocotrienol Market.
The USA Tocotrienol Market is contributing 31.2% of the total value share in the global market.
The Germany Tocotrienol Market is contributing 29.9% of total value share in global market.
In Japan Tocotrienol Market is contributing 9.7% of the total market share values in the year 2022.
In India Tocotrienol Market is contributing 6.2% of CAGR for the latest period.
In China Tocotrienol Market is contributing 6.3%of CAGR for the latest period.
In Australia Tocotrienol Market is contributing 6.1% of the total value share in the global market.
Tocotrienol Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
