PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1462874
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1462874
Global Tocotrienol Market Size study & Forecast, by Product (Alpha, Beta, Gamma, Delta), by End-use (Dietary Supplements, Pharmaceuticals, Cosmetics, Others) and Regional Analysis, 2023-2030
Global Tocotrienol Market is valued approximately at USD 342.70 Million in 2022 and is anticipated to grow with a growth rate of more than 6.10% over the forecast period 2023-2030. Tocotrienol is a form of vitamin E that belongs to the family of compounds known as tocopherols. It shares similar antioxidant properties with tocopherol but has a slightly different chemical structure. Tocotrienols are found in certain vegetable oils, such as palm oil, rice bran oil, and barley oil, as well as in some grains and nuts. They are believed to have various health benefits, including antioxidant and anti-inflammatory effects, potential protection against heart disease, and support for brain health. The Tocotrienol market is expanding because of factors such as growing demand for nutraceuticals and functional foods, expansion of pharmaceutical and cosmeceutical industries and increasing incidence of chronic diseases.
Manufacturers are incorporating tocotrienols into a variety of functional food products, including fortified beverages, snacks, dairy products, and baked goods, to meet the growing consumer demand for healthier options. The expanding functional food market provides a platform for tocotrienol-containing products to gain visibility and acceptance among consumers. Additionally, as functional foods become more mainstream and widely available, they serve as convenient vehicles for delivering tocotrienols to consumers who may not otherwise seek out supplements or specialized health products According to Statista, Size of the functional food market worldwide stood at USD 177.77 billion which increased to USD 207.33 billion in year 2021 and it is projected to reach at USD 267.92 billion by year 2027. Thus, rising Global Functional Food Market is driving the market growth. In addition, technological advancements in extraction and formulation and supportive regulatory environment encouraging the development and marketing of tocotrienol-containing products are creating new opportunities to the market growth. However, Lack of awareness among consumers and the availability of other antioxidant supplements stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Tocotrienol Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the factors such as rising health consciousness, rising geriatric population, rising Demand for Natural Ingredients, and expansion of distribution channels in the region. Asia Pacific is expected to grow at a fastest rate during the forecast period, owing to factors such as rising geriatric and target populations, an increase in the number of collaborations for product development, rising demand for functional meals, Moreover, leading Korean skincare brands such as Innisfree and Sulwhasoo have integrated tocotrienols into their formulations, highlighting their potent antioxidant qualities and effectiveness in combating aging, resulting in market growth.
Major market player included in this report are:
- BASF SE
- BTSA Biotechnologias Aplicados SA
- American River Nutrition, Inc.
- Eisai Co., Ltd.
- Vance Group Ltd.
- ExcelVite
- Davos Life Science
- SourceOne Global Partners
- Cayman Chemical
- Orochem Technologies Inc.
Recent Developments in the Market:
Global Tocotrienol Market Report Scope:
By Product:
By End-use:
By Region:
Table of Contents
Chapter 1.Executive Summary
- 1.1.Market Snapshot
- 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1.Tocotrienol Market, by region, 2020-2030 (USD Million)
- 1.2.2.Tocotrienol Market, by Product, 2020-2030 (USD Million)
- 1.2.3.Tocotrienol Market, by End-use, 2020-2030 (USD Million)
- 1.3.Key Trends
- 1.4.Estimation Methodology
- 1.5.Research Assumption
Chapter 2.Global Tocotrienol Market Definition and Scope
- 2.1.Objective of the Study
Chapter 3.Global Tocotrienol Market Dynamics
Chapter 4.Global Tocotrienol Market: Industry Analysis
Chapter 5.Global Tocotrienol Market, by Product
Chapter 6.Global Tocotrienol Market, by End-use
Chapter 7.Global Tocotrienol Market, Regional Analysis
Chapter 8.Competitive Intelligence
Chapter 9.Research Process
LIST OF TABLES
- TABLE 1.Global Tocotrienol Market, report scope
- TABLE 2.Global Tocotrienol Market estimates & forecasts by region 2020-2030 (USD Million)
- TABLE 3.Global Tocotrienol Market estimates & forecasts by Product 2020-2030 (USD Million)
- TABLE 4.Global Tocotrienol Market estimates & forecasts by End-use 2020-2030 (USD Million)
- TABLE 5.Global Tocotrienol Market by segment, estimates & forecasts, 2020-2030 (USD Million)
- TABLE 6.Global Tocotrienol Market by region, estimates & forecasts, 2020-2030 (USD Million)
- TABLE 7.Global Tocotrienol Market by segment, estimates & forecasts, 2020-2030 (USD Million)
- TABLE 8.Global Tocotrienol Market by region, estimates & forecasts, 2020-2030 (USD Million)
- TABLE 9.Global Tocotrienol Market by segment, estimates & forecasts, 2020-2030 (USD Million)
- TABLE 10.Global Tocotrienol Market by region, estimates & forecasts, 2020-2030 (USD Million)
- TABLE 11.Global Tocotrienol Market by segment, estimates & forecasts, 2020-2030 (USD Million)
- TABLE 12.Global Tocotrienol Market by region, estimates & forecasts, 2020-2030 (USD Million)
- TABLE 13.Global Tocotrienol Market by segment, estimates & forecasts, 2020-2030 (USD Million)
LIST OF FIGURES
