Coherent Market Insights

Tocopherols Market to Surpass US$ 1858 Mn by 2030

Tocopherols Market to Surpass US$ 1858 Mn by 2030 - Coherent Market Insights

Publish In: Jan 19, 2023

Tocopherol is a fat-soluble vitamin that is used by the human body to prevent blood clots. It also helps to scavenge free electrons and improve the immune system. This vitamin is also being researched for the treatment of complicated disorders. Various forms of tocopherol are produced by industrial and natural synthesis. Alpha-tocopherol (a-T) is the most common form of tocopherol in the human body. It is a fat-soluble compound that is dissolved in fats. Because of its strong antioxidant properties, it is a good natural anti-inflammatory agent. It is also a blood clot preventing substance that is found in high concentrations in the blood. Gamma-tocopherol is a form of tocopherol that has a higher metabolism than a-T. However, it has slightly lower anti-cancer properties. Nonetheless, it is the most commonly found isomer in the diet.

Market Statistics:

The global Tocopherol Market is estimated to account for US$ 1069.7 Mn in terms of value by the end of 2021.

Global Tocopherol Market: Drivers

Globally, tocopherols are used in various applications, such as dietary supplements, cosmetics, and feed supplements. Increasing consumer awareness about health and nutrition is one of the major factors driving demand for tocopherol. In addition, the scarcity of substitutes is a key factor escalating the tocopherols market growth. While a lot of companies are diversifying their product lines and expanding into other markets, some companies are investing in new applications. The rise in the number of functional foods and the demand for natural preservatives have driven the demand for tocopherols.

Global Tocopherol Market: Opportunities

Besides their use in the food industry, they are also used as additives in beverages and cosmetics. With technological innovations, the tocopherols market can achieve a wider range of downstream applications. This is expected to hold potential growth opportunities over the forecast period. Additionally, the industry is expected to experience a rise in the number of research activities which is further projected to accelerate market growth.

Global Tocopherol Market: Restraints

High cost of raw materials is expected to hinder the tocopherol market growth over the forecast period.

Global Tocopherol Market: - Impact of Coronavirus (Covid-19) Pandemic:

During Covid-19 pandemic the industry has faced huge shutdown. Lockdown has negatively impacted industrial transform processes. Major disruption in supply chain and trading patterns in the global tocopherol industry is severely impacted the market growth.

To know the latest trends and insights prevalent in this market, click the link below:

Key Takeaways:

The global tocopherol market was valued at US$ 1069.7 Mn in 2021 and is forecast to reach a value of US$ 1858 Mn by 2030 at a CAGR of 5.58% between 2022 and 2030.

Soybean Oil segment held dominant position in the global tocopherol market in 2021, accounting for 64.24% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.

Global Tocopherol Market Trends:

With a rise in the number of people suffering from chronic diseases, the demand for health supplements is expected to increase. These supplements are known to alleviate the negative effects of medical therapies. Moreover, tocopherols are known to have antioxidant properties. They are used for stabilization of cell membranes and help in preventing chronic diseases.

Technological advancement in the field of tocopherol could be a trend for the global market. In May 2021, DSM has announce the approval of a new Certificate of Suitability with European Pharmacopoeia (CEP) for alpha-Tocopheryl acetate concentrate, a vitamin E powder form. The CEP helps to accelerate the product development process through optimal content uniformity in oral solid dose formulations.

Global Tocopherol Market: Competitive Landscape   

Archer Daniels Midland, Cargill Inc., DuPont, MERCK KGaA, BASF SE, Koninklijke DSM NV, Davos Life Science PTE Ltd, Vitae Caps SA, Advanced Organic Materials SA, BTSA, Zhejiang Worldbestve Biotechnology Co. Ltd, and Zhejiang Xinhecheng Co. Ltd

Global Tocopherol Market: Recent Developments

In August 2019, KLK Oleo featured its new product - DavosLife E3 DVL 30 WD, at Supply Side West 2019, in the United States. The company also shared samples of beauty drinks formulated with the ingredient and collagen.

In January 2019, The Kuala Lumpur Kepong upgraded DavosLife E3 Store, in order to ease consumers with the interface. The website also aims to be user- friendly so that it can be operated through mobile devices.

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