Global Tocopherol Market - Growth, Trends and Forecasts (2017 – 2022)
The global tocopherol market size was estimated to be USD XX.X million in 2017 and is anticipated to grow at a CAGR of X.X% during the forecast period 2017 - 2022. The broad spectrum of applications of tocopherols is one of the driving factors for the growth of the tocopherols market. Tocopherols have the ability to fight diseases. They are known to improve neurological disorders and aid prevention of heart and other chronic diseases. The increasing demand for healthy food products is expected to boost the demand for tocopherol over the forecast period.
The increasing demand for health supplements is expected to boost the market
Tocopherol has a number of applications, food and beverage being one of the industries with a significant share of usage. Health foods have the highest share for the use of tocopherol in the food and beverage industry, due to its wide range of health benefits. It is mostly used in health supplements used for gaining muscle mass. Alpha tocopherol supplements for reducing bone fractures are gaining popularity among the young and geriatric people. Gamma-tocopherol, which is helpful in reducing inflammatory diseases, cardiovascular ailments, and cancerous cells, is highly preferred as an ingredient in nutraceutical products. According to a published study, the regular intake of tocopherol helps in reducing the risk of heart diseases, respiratory disorders, and other lifestyle diseases. The global trend of health consciousness is expected to boost the market for health foods, which inadvertently boosts the growth of the tocopherol market.
North America accounted for the highest share of 31% of the market for tocopherol in 2016. The Asia-Pacific region is expected to register the highest CAGR over the forecast period, owing to the increasing number of health conscious consumers. China is poised to witness the highest growth in the region, both in terms of production and consumption over the next five years, because of low raw material costs and expanding end-user industries. Europe is expected to witness moderate growth rates during the forecast period, owing to the stagnant animal feed industry.
The global tocopherol market is segmented based on application into food & beverages, feed, pharmaceuticals, cosmetics, and others. Animal feed accounts for a substantial market share of 35%. The cosmetics industry is expected to be the fastest growing application segment during the forecast period, owing to increasing demand for vitamin E in the organic personal care products. The global tocopherol market is segmented based on compounds into Alpha tocopherols, Beta tocopherols, Gamma tocopherols, and Delta tocopherol. Alpha tocopherols have the highest market share, due to their extensive uses as feed supplements. Gamma tocopherols are expected to register the highest growth rate during the forecast period, due to the high nutritional value provided in food & beverage industry and as dietary supplement.
Some of the leading manufacturers and suppliers of tocopherol are –
DSM N.V. (Netherlands) BASF S.E. (Germany) B&D Nutritional Ingredients Inc. (United States) Archer Daniels Midlands Company (United States) Cargill (United States) COFCO Tech Bio Engineering (China) Davos Life Science Pte Ltd. (Singapore) Eisai Food and Chemical Co. Ltd (Japan) Advance Organic Material S.A. (Argentina) These companies are mainly focused on capacity expansion, to cater to the increasing demand for tocopherol as a feed supplement.
Our report on global tocopherol market covers the following -
Market trends and dynamics Latest news and developments Porter’s five force analysis Investment scope Deep dive insights