Tocotrienol
Market: Overview
Tocotrienols
are members found in the Vitamin E family and are natural agents.
Tocotrienols comprise of health benefits and also an essential
ingredient for treatment illnesses such as diabetes, cardiovascular
disease, and certain types of cancer. Also, tocotrienols products
hinder the growth of breast cancer cells. Tocotrienols are usually
recognized as safe (GRAS) substance and also used as an additive in
dietary supplements. Tocotrienols can originate from rice, oil,
wheat, rye, barley, and oats. Moreover, tocotrienols are primarily
found in the high concentration in palm oil, which are extracted from
the palm nut. Tocotrienols are natural agents but usually found in
low concentrations Tocotrienols are members found in the Vitamin E
family and are natural agents. Tocotrienols comprise of health
benefits and also am essentail ingredient for treatment illnesses
such as diabetes, cardiovascular disease, and certain types of
cancer. Also, tocotrienols products hinder the growth of breast
cancer cells. Tocotrienols are usually recognized as safe (GRAS)
substance and also used as an additive in dietary supplements.
Tocotrienols also originate from rice, oil, wheat, rye, barley, and
oats. Moreover, tocotrienols are primarily found in the high
concentration in palm oil, which is extracted from the palm nut.
Tocotrienols are natural agents but usually found in low
concentration.
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Tocotrienol
Market: Drivers & Restraints
The
major factors driving the growth of tocotrienol market are growing
demand of tocotrienol in a wide range of applications ranging from
dietary supplements to pharmaceutical, rising health awareness among
consumers regarding consumption of healthy food, increasing
urbanization, and rising disposable income. Moreover, various usage
of tocotrienol in the healthcare industry as vitamin E derived
tocotrienol exhibits antioxidant properties that help to reduce
heart-related diseases along with cancer, competitive edge the prover
tocopherols, and increasing consumption due to high vitamin E
concentrations in tocotrienols are the prominent factors which are
increasing the demand for the product. Further, opportunity of
tocotrienol in medical applications includes cancer suppression and
anti-cancer compound attributed to its antioxidant properties and is
projected to drive tocotrienol demand. In addition, growing
pervasiveness of cardiovascular diseases is also expected to boost
the overall tocotrienols market growth. In addition, rising concern
about unhealthy lifestyle with inadequate diet among consumer is
expected to contribute the demand over the forecasted years. On the
other hand, major factor retraining the growth of tocotrienol market
are the high price for market participants to penetrate the market
further, and adverse health-related impacts. Research &
development initiatives taken by the end-user industries will add
more potential to create ample opportunities for tocotrienol market
in future.
Tocotrienol
Market: Market Segmentation
The
tocotrienol
market is segmented into four parts based on the product type,
end-users, distribution channels, and geography.
Based
on the product type the Tocotrienol market is segmented into:
- Alpha
- Beta
- Gamma
- Delta
Based
on the application type the Tocotrienol market is segmented into:
- Dietary Supplements
- Cosmetics
- Pharmaceuticals
- Others
Based
on the type of distribution channels Tocotrienol market is segmented
into:
- Internet Retailing
- Mass Retailers
- Direct Selling
- Others
Tocotrienol
Market: Regional Outlook
Regarding
geography, tocotrienol market has been categorized into five key
regions including North America, Western Europe, Eastern Europe,
APEJ, Japan, Latin America, and the Middle East & Africa.
Tocotrienol market is expected to register healthy CAGR during the
forecast period. Asia-Pacific represents the significantly high
market share and grow with comparatively high CAGR in forecast
period. North America is experiencing the rapid increase in the
production capacity of tocotrienol owing to growing demand among
consumers for dietary supplements particularly in the U.S. Key
factors driving the growth of tocotrienol market in the region
include changing dietary habits, increasing production rate, rising
health concerns among the young population, and change in composition
of tocotrienol in terms of different varieties. The tocotrienol
market is projected to register healthy growth due increasing
end-user application across globe. Tocotrienol market for Asia
Pacific is also expected to witness rapid growth during the forecast
period primarily attributed to the growth of dietary supplements
market, especially in China and India. Moreover, increasing
population and rising health concerns mainly in emerging economies of
China and India is expected to boost the growth the APEJ tocotrienol
market.
Tocotrienol
Market: Key Players
Some
of the market players identified in the tocotrienol market are:-
- BASF
- American River Nutrition
- Vance Group
- SourceOne
- Orochem
- AC Grace Company
- Cayman Chemicals
- Parachem Fine & Specialty chemicals
- Palm Nutraceuticals Sdn Bhd
- Supervitamins Sdn Bhd.
- Others
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