Tocopherols Market size to exceed $670mn by 2027
Published Date: October 5, 2021 Authors: Kunal Ahuja, Tushar Malkani
Global Tocopherols Market size is set to surpass USD 670 million by 2027, according to a new research report by Global Market Insights Inc.
Tocopherols are a group of fat-soluble phenolic compounds with strong antioxidant properties and are determined as the major form of natural vitamin E. It is widely used as a dietary supplement for patients with vitamin E deficiency. Tocopherols are extracted from different sources, such as soybean oil, sunflower oil, rapeseed oil, and corn oil, through the vacuum extraction method. The global tocopherols market is expected to witness healthy growth over the forecast period due to their increasing demand as a feed additive, vitamin fortification in food & beverages, and use as antioxidants in cosmetics applications.
Increasing demand for food additives due to the growing consumption of processed food including meat, noodles, and ready-to-cook food will tend to increase tocopherol consumption. It acts as an antioxidant and preservative, which helps in preventing food spoilage while enhancing the shelf life of the food products through oxidation processes. These factors will stimulate market growth.
Increasing health concerns and growing demand for dietary supplements will fuel the mixed tocopherols industry share
The mixed tocopherols market is anticipated to witness a CAGR of over 6.5% during the forecast period. Surging demand for vitamin E supplements and increasing adoption of natural vitamin E in food & beverages fortification are expected to drive the mixed tocopherols demand. Mixed tocopherols have excellent antioxidant and nutritional properties. The global mixed tocopherols market is driven by factors such as increased health consciousness, fast-changing lifestyles, rising cases of chronic diseases, increasing consumer spending, and growing demand for feed additives. With increasing consumer concerns for a balanced diet, food & beverage manufacturers are emphasizing on the fortification of food products to enhance their health benefits, which will augment the market growth during the forecast period.
Browse key industry insights spread across 350 pages 233 market data tables and 26 figures & charts from the report “Tocopherols Market Statistics, 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” in detail along with the table of contents:
Increasing demand for natural antioxidants from food & beverage application will stimulate product demand
The tocopherols market from sunflower oil is expected to exceed USD 90 million by 2027. Increasing product demand from saturated fats & oils for use as antioxidants will augment the market expansion. Increasing utilization of preservatives and antioxidants in processed foods to preserve the freshness, flavor & color of the food and prevent food spoilage has augmented the segment growth.
Strong antioxidant properties of tocopherols are expected to drive their demand from pharmaceutical applications
The tocopherols market from pharmaceuticals is expected to exceed USD 70 million by 2027. Due to strong antioxidants properties, tocopherols are studied for their use in the prevention or treatment cancer and chronic diseases. The increasing instances of chronic diseases, such as osteoporosis, cancer, cardiovascular diseases, hypertension, and diabetes, due to the lack of essential nutrients are driving the demand for tocopherols in pharmaceutical applications.
Strong demand from the feed industry and steady growth of packaged and functional food & beverages will drive the Asia Pacific tocopherols industry
Asia Pacific is the fastest-growing tocopherols market and is expected to reach over USD 225 million by 2027. China, Japan, India, and South Korea are among the leading consumers of tocopherols in the region. Factors including increasing per capita income, steady growth in the animal feed industry, and concerns related to animal health & nutrition have led to high demand for superior quality feed additives.
Rapid industrialization, urbanization, and consumer spending on personal care & cosmetics will surge the regional demand. The increasing urban income has led to the growth in tocopherols demand. Due to growing consumer interest in naturally derived products, the tocopherols market is expected to grow at a good pace in this region. Some of the key factors supporting the market growth include increasing demand for natural sources of vitamin E and antioxidants from cosmetic and food & beverage applications.
Key manufacturers in the tocopherols market include DSM, Archer Daniels Midland Company (ADM) BTSA, Zhejiang Medicine, Vitae Naturals, Eisai Food & Chemical, Vance Group Ltd., Riken Vitamin Co., Ltd., Fairchem Organics Limited, Dupont, and Kemin Industries. Market players are implementing strategic initiatives such as product launches, R&D, collaborations, and mergers & acquisitions to enhance their geographic presence.