January 25, 2022
As cited by the research report titled ‘Tocopherols Market Size, By Type (Alpha Tocopherols, Delta Tocopherols, Mixed Tocopherols), By Source (Soybean Oil, Sunflower Oil, Rapeseed Oil), By Application (Dietary Supplements, Animal Feed Nutrition, Cosmetics, Pharmaceuticals, Food & Beverages), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 - 2027’, available with MarketStudyReport, global tocopherols market is likely to amass notable gains over 2021-2027.
Rising awareness of product advantages among consumers coupled with increasing research focus on its health benefits are majorly driving the market growth. Various research studies show that a reduced vitamin E nutritional status has been linked to a higher risk of various types of cancer, which has propelled the overall industry demand.
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For the record, tocopherols which are major forms of vitamin E are a category of fat-soluble phenolic compounds. Every tocopherol is made up of a chromanol ring and a 16-carbon phytyl chain. These compounds have been suggested to reduce the risk of cancer due to their significant antioxidant effects. Alpha tocopherol is a key type of tocopherols found in tissues and blood, and is regarded as the classic vitamin E.
Based on product type, worldwide tocopherols industry space is segmented into alpha tocopherols, mixed tocopherols, delta tocopherols, and others. Among these, the others segment is anticipated to expand at 4.6% CAGR over the analysis timeframe.
Considering the source, the marketplace is categorized into sunflower oil, rapeseed oil, soybean oil, and others. The rapeseed oil segment is likely to amass around USD 43.91 million by 2027. While the others segment is slated to record a CAGR of 5.1% over the assessment period.
Moving on to the application range, the business space is bifurcated into cosmetics, food & beverage, dietary supplements, pharmaceuticals, and animal feed nutrition. Among these, the food & beverage segment is expected to grow at 6.8% CAGR over the estimated timeline.
On the geographical front, the industry spans across North America, Asia Pacific, Latin America, Middle East & Africa, and Europe. Experts cite that Latin America tocopherols market is likely to accrue USD 36.61 million, expanding at 6% CAGR over the study duration. Meanwhile, Middle East & Africa industry is poised to garner around USD 32.04 million over the projected timeframe.
Speaking of the competitive scope, companies such as Riken Vitamin Co. Ltd., Vance Group Ltd., Eisai Food & Chemical Co Ltd., Vitae Caps S.A., COFCO Tech Bioengineering (Tianjin) Co. Ltd., Zhejiang Medicine Co. Ltd., BTSA, Archer-Daniels-Midland Company, Kensing LLC, Vitablend Nederland B.V., Impextraco N.V., Camlin Fine Sciences Ltd., Provitas LLC, Advanced Organic Materials S.A., Kemin Industries Inc., DuPont de Nemours Inc., Fairchem Organics Ltd., and Koninklijke DSM N.V. are influencing global tocopherols market trends.