Global
Mixed Tocopherol Market: Snapshot
Mixed
tocopherol, a potential source of vitamin E, is a vital part of human
diet and offers significant health benefits. The increasing health
consciousness across demographics, especially among geriatric
population, coupled with the rising awareness related to health
benefits of pharmaceutical supplements, has strongly stimulated the
demand for mixed tocopherols for the general well-being.
In
the recent few years, the market has witnessed significant demand for
mixed tocopherol formulations to treat a wide range of diseases such
as restless leg syndrome, Parkinson's disease, Huntington's chorea,
and neurogenic problems. Several renowned health journals, such as
the American Journal of Clinical Nutrition, have reiterated on the
numerous benefits of alpha tocopherol supplements, notably in the
reduction of bone fractures. These developments herald for a positive
growth of the market in the coming years.
The
global market for mixed
tocopherol market
was valued at US$2.03 bn in 2015. Rising at a CAGR of 4.6% from 2016
to 2024, the market is expected to reach a valuation of US$3.04 bn by
the end of the forecast period.
Asia
Pacific Market to Outpace Others in Mixed Tocopherol Consumption
On
the basis of geography, the global market is segmented into Europe,
Asia Pacific, Latin America, North America, and the Middle East and
Africa. Of these, Europe and North America lead the global market;
the combined share of these regional markets accounted for 60% in
2015. Europe was the largest regional market garnering a share of
more than 32% in the same year. The robust growth of the regional
market is attributed to a fast burgeoning pharmaceuticals and food
industries that have spurred the demand for tocopherol supplements.
Meanwhile,
Asia Pacific is anticipated to grow at the highest CAGR and outpace
other regional markets. A substantial chunk of the demand for mixed
tocopherols in the region will come from animal feeds, cosmetics, and
pharmaceuticals. In addition, the abundant availability of raw
materials at relatively lower costs, particularly palm and coconut
oil, has brought down the cost of production, propelling the market.
In addition, a rising geriatric population has fuelled the demand for
mixed tocopherol supplements.
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Animal
Feeds to Contribute Lion’s Share of Demand for Mixed Tocopherols
Based
on product, the global mixed tocopherol market is segmented into
alpha tocopherols, beta tocopherols, gamma tocopherols, and delta
tocopherols. The gamma tocopherol segment is anticipated to register
a CAGR of 5.2% during 2016–2024. Gamma tocopherols are found to be
increasingly useful in treating a wide spectrum of ailments,
particularly Alzheimer’s, cataract, and various types of cancer.
Furthermore, ongoing researches in gamma tocopherols have led to the
discovery of anti-inflammatory properties of gamma tocopherol, which
will boost its demand in a variety of drug formulations in the
pharmaceutical industry.
Based
on application, the mixed tocopherols market is segmented into
pharmaceuticals, dietary supplements, and animal feed; of these, the
animal feed segment has gained traction across various regions,
particularly in the emerging markets of Asia Pacific, such as India
and China. The segment accounted for a global share of around 39%
share in 2015 and is anticipated to grow at an impressive CAGR over
the forecast period. The significant growth in this segmental market
is driven by surge in consumption of meat and pork.
Some
of the top companies in the market are BASF S.E., COFCO Tech
Bioengineering, DSM N.V., B&D Nutritional Ingredients, Inc.,
Advance Organic Material S.A., Davos Life Science Pte. Ltd., and The
Archer Daniels Midland Company.
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