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Global Tocotrienol market - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-13104354 | Publishing Date : 18-Sep-2018 | No. of pages : 110
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Tocotrienol Market Insight
The global tocotrienol market is expected to register a CAGR of 7.1% during the forecast period, 2018 to 2023. Rising health concerns related to pancreatic cancer and respiratory disorders are expected to fuel the tocotrienol market growth during the forecast period. Also, the rising demand for natural antioxidants in cosmetics is further expected to propel the market. The key players in the market are investing in the new facilities, and launching the new tocotrienols based products, analyzing the future revenue mix of the company, by entering into the untapped and new markets.
Rising Applications of Tocotrienol in Dietary Supplements & Pharmaceuticals
The demand of tocotrienol is increasing in pharmaceutical, food & beverages, cosmetics and animal feed. Rising demand for fortified food & beverages owing to a growing trend towards a healthy lifestyle is anticipated to drive the growth of tocotrienols. Further, the high demand for natural antioxidants such as vitamin E extracted tocotrienol in cosmetics is expected to propel market growth. Millennial are concerned about optimizing their present health, and preventing deteriorating health in the future.
The major segmentation in the report includes the market estimates by type – alpha, beta, gamma, and delta. By application – dietary supplements, cosmetics, and pharmaceuticals, and others. By type, alpha tocotrienol segment holds the largest market share, owing to its antioxidant properties which are beneficial in the treatment of cardiovascular diseases.
Asia-Pacific Expected to Record Highest CAGR in the Tocotrienol Market
Asia-Pacific is expected to grow at the highest CAGR during the forecast period, 2018-2023. The increasing demand for dietary supplements and other fortified products, and consumer shift towards high quality products due to changing taste and preferences is expected to fuel the demand of tocotrienol in the developing countries. On the other hand, North America accounted for the largest market and expected to grow at the significant CAGR during the forecast period (2018-2023).
Key Developments in the Tocotrienol Market
March 2017 - Vance Group Ltd. launched vance tocotrienol. It is an amber oil mixture having the full range of naturally occurring tocotrienols, alpha-tocopherol and phytonutrients
August 2017 - American River Nutrition introduced new branding, logos, and a new website, for the company as well as its DeltaGold® tocotrienol vitamin E ingredient.
Tocotrienol Market Competitive Landscape
Major Players - AC Grace Company, American River Nutrition, Inc., BASF SE, BTSA Biotechnologías Aplicados SA, Davos Life Science Ltd., Eisai Food & Chemical Co.Ltd, ExcelVite Inc., Orochem, Palm Nutraceuticals Sdn. Bhd., Parchem Fine & Specialty Chemicals, SourceOne, Vance Group Ltd.
The key brands are embarking on mergers and acquisitions and new product development as some of their key strategies to achieve consolidation and optimize their offerings respectively.
Reasons to Purchase the Tocotrienol Market Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst supports, along with the Market Estimates sheet in excel
Customization of the Tocotrienol Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
The global tocotrienol market is expected to register a CAGR of 7.1% during the forecast period, 2018 to 2023. Rising health concerns related to pancreatic cancer and respiratory disorders are expected to fuel the tocotrienol market growth during the forecast period. Also, the rising demand for natural antioxidants in cosmetics is further expected to propel the market. The key players in the market are investing in the new facilities, and launching the new tocotrienols based products, analyzing the future revenue mix of the company, by entering into the untapped and new markets.
Rising Applications of Tocotrienol in Dietary Supplements & Pharmaceuticals
The demand of tocotrienol is increasing in pharmaceutical, food & beverages, cosmetics and animal feed. Rising demand for fortified food & beverages owing to a growing trend towards a healthy lifestyle is anticipated to drive the growth of tocotrienols. Further, the high demand for natural antioxidants such as vitamin E extracted tocotrienol in cosmetics is expected to propel market growth. Millennial are concerned about optimizing their present health, and preventing deteriorating health in the future.
The major segmentation in the report includes the market estimates by type – alpha, beta, gamma, and delta. By application – dietary supplements, cosmetics, and pharmaceuticals, and others. By type, alpha tocotrienol segment holds the largest market share, owing to its antioxidant properties which are beneficial in the treatment of cardiovascular diseases.
Asia-Pacific Expected to Record Highest CAGR in the Tocotrienol Market
Asia-Pacific is expected to grow at the highest CAGR during the forecast period, 2018-2023. The increasing demand for dietary supplements and other fortified products, and consumer shift towards high quality products due to changing taste and preferences is expected to fuel the demand of tocotrienol in the developing countries. On the other hand, North America accounted for the largest market and expected to grow at the significant CAGR during the forecast period (2018-2023).
Key Developments in the Tocotrienol Market
March 2017 - Vance Group Ltd. launched vance tocotrienol. It is an amber oil mixture having the full range of naturally occurring tocotrienols, alpha-tocopherol and phytonutrients
August 2017 - American River Nutrition introduced new branding, logos, and a new website, for the company as well as its DeltaGold® tocotrienol vitamin E ingredient.
Tocotrienol Market Competitive Landscape
Major Players - AC Grace Company, American River Nutrition, Inc., BASF SE, BTSA Biotechnologías Aplicados SA, Davos Life Science Ltd., Eisai Food & Chemical Co.Ltd, ExcelVite Inc., Orochem, Palm Nutraceuticals Sdn. Bhd., Parchem Fine & Specialty Chemicals, SourceOne, Vance Group Ltd.
The key brands are embarking on mergers and acquisitions and new product development as some of their key strategies to achieve consolidation and optimize their offerings respectively.
Reasons to Purchase the Tocotrienol Market Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst supports, along with the Market Estimates sheet in excel
Customization of the Tocotrienol Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
