Global Tocotrienol Market Size Projected to Reach USD 380 Million by 2028

02-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Tocotrienol Market – By Type (Delta, Gamma, Beta, and Alpha), By Distribution Channel (Direct Selling, Mass Retailers, Internet Retailing, and Others) and By Application (Cosmetics, Food, Pharmaceuticals, Dietary Supplements, Feed, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecast 2021–2028” states that the global Tocotrienol market in 2020 was around USD 272 Million. The market is expected to grow at a CAGR of 6.6% and is anticipated to reach around USD 380 Million by 2028.

Tocotrienolis the chemical that belongs to the Vitamin E family. They are compounds that occur naturally in various sources such as vegetable oils, barley, wheat, rice, and other types of seeds and oils. Tocotrienol show some activity as a chemical antioxidant due to which it provides various health benefits and are used in the treatment of various illness such as diabetes, and can decrease the risk of cardiovascular disease or cancer. They are generally allowed for usage through various natural and synthetic sources and show no side effects.

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As Tocotrienol is generally recognized as a safe substance, it is used in the production of various vaccines that are used for cardiovascular diseases, anti-cancer, lowering cholesterol, and many more. It is also used as an added ingredient in dietary supplements. Moreover, the rising number of cardiovascular diseases due to the unhealthy lifestyles and poor diet of people across the globe is driving the Tocotrienol market. They are also used in minimizing the size of the tumors and the damage done to the DNA. Rising awareness among the consumers related to health issues and the rise in the acceptance of a healthy diet and lifestyle is also anticipated to drive the market.

Also, the increasing demand for tocotrienol in nutricosmetics is also driving the market as cosmetic products are very sensitive to oxygen and with the use of mixed tocotrienol, the ingredients used in these cosmetic products are stabilized. However, even after so many benefits of tocotrienol, the high price for the market contributors for penetrating the market is the main factor that is restraining the growth of the market. They are also not effective against adverse health-related impacts due to which the use of tocotrienol is limited to some health issues like cardiovascular only. Hence there are ample opportunities for the end-user market players to invest in the research and development and come up with new ideas that would help the market to boost in the coming years.

In the segment of product type, the Alpha Tocotrienol is expected to dominate the market in terms of demand and usage. It is widely used in lowering cholesterol levels in the body due to its fat-soluble properties. It also helps in boosting the immune system and prevents the formation of blood clots. In addition to the abundance of antioxidant characteristics, there is a good impact on the body and helps in a speedy recovery, especially in the treatment of cardiovascular diseases.

In the segment of the distribution channel, mass retailers are expected to dominate the market as the intake of tocotrienols can be done from multiple sources like oils, fruits, rice, oats and hence it is necessary to make all the sources available under one roof. These mass retailers act as a one-stop-shop store that sells different types of goods and also provides all the necessary things that are required instead of fetching the things by visiting multiple stores.

In the segment of the application, the pharmaceutical market is expected to dominate the market as there is an increase in the production of medicines and antibiotics that can be used in counter against cancer. They can also be used against cardiovascular diseases and can also help in preventing the formation of blood clots inside the body.

The North American region shows dominance in the global tocotrienol market and holds the largest market share owing to the growing demand for dietary supplements in the market. The changing dietary habits of the people, increasing health consciousness and awareness among the consumers, increasing population, and availability of tocotrienol in different varieties.

Report Scope

Report Attribute

Details

Market Size in 2020

USD 272 Million

Projected Market Size in 2028

USD 380 Million

CAGR Growth Rate

6.6% CAGR

Base Year

2020

Forecast Years

2021-2028

Key Market Players

Davos Life Sciences, Archer Daniels Midland, Parachem Fine & Specialty chemicals, Cayman Chemicals, SourceOne, BASF SE, Ac Grace Company, Orochem, Excel ViteInc, American River Nutrition, Eisai Food and Chemical Co. Ltd, Palm Nutraceuticals Sdn. Bhd., Vance Group Ltd., Sime Darby Bioganic Sdn, and BTSA Biotechnologies Aplicados SA., among others

Key Segment

By Type, By Distribution Channel, By Application, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Browse the full “Tocotrienol Market – By Type (Delta, Gamma, Beta, and Alpha), By Distribution Channel (Direct Selling, Mass Retailers, Internet Retailing, and Others) and By Application (Cosmetics, Food, Pharmaceuticals, Dietary Supplements, Feed, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecast 2021–2028" report at https://www.fnfresearch.com/tocotrienol-market

The key companies in the Tocotrienol Market are as follows :

  • BASF SE
  • Excel ViteInc
  • SourceOne
  • Davos Life Sciences
  • Orochem
  • Parachem Fine & Specialty chemicals
  • American River Nutrition
  • Archer Daniels Midland
  • Vance Group
  • Cayman Chemicals
  • Ac Grace Company
  • Others

This report segments the Tocotrienol market as follows:

Global Tocotrienol Market: Type Segmentation Analysis

  • Delta
  • Gamma
  • Beta
  • Alpha

Global Tocotrienol Market: Distribution Channel Segmentation Analysis

  • Direct Selling
  • Mass Retailers
  • Internet Retailing
  • Others

Global Tocotrienol Market: Application Segmentation Analysis

  • Cosmetics
  • Food
  • Pharmaceuticals
  • Dietary Supplements
  • Feed
  • Others

Global Tocotrienol Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

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