The
global mixed tocopherols market is consolidated in nature. Increase in number
of players in the market, with handful of players accounting for maximum share
in the market, the market is likely to witness a substantial rate of
competition. Five top players which are Davos Life Sciences, Archer Daniels
Midlands Company, BASF SE, COFCO Tech Bio Engineering, and DSM N.V., held a whopping share of
65% in recent years. Main focus of the players is in carrying extensive
research and development in order to find product with greater efficiency and
cost effective. Players are trying to innovate new product which are likely to
change the business pattern in the market.
However, it has been witnessed
by Transparency Market Research, that the market being consolidated one is
likely to show characteristics of fragmented market because of entrance of
numerous players in the market.
According to TMR, the global mixed tocopherols market is anticipated to
expand at stupendous rate of 4.6% CAGR during the forecast period, 2016 – 2024.
The market which was worth at US$2.0 bn in 2015 is expected to touch US$3.0 bn
by the end of the assessed period.
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On the basis of product, gamma
tocopherols is prophesized to hold the major share in the market owing to the
anti-inflammatory property present in gamma tocopherols as this is extensively
used in drug preparation of Alzheimer, atherosclerosis, and cancer. On the
basis of geography, global tocopherols market is dominated by Europe and North
America, owing to the rapid growth of food and pharmaceutical industries. However,
Asia Pacific is anticipated to become the fastest growing market.
Increasing Demand of Meat and
Pork to Augment Demand of Product
Incessant rise in geriatric
population all across the world is anticipated to increase the consumption of
mixed tocopherols, this is likely to help the global mixed
tocopherols market to rise. Old people often tend to have weaker bones,
which makes them more vulnerable to fractures, arthritis, and other bone
related issue. In order to make the brains stronger, mixed tocopherols are
highly suggested. Except this, rising awareness among population making them
prefer healthy lifestyle, mostly because of rapid urbanization along rise in
disposable income is aiding to increase the uptake of mixed tocopherols. Health
supplements, which have gained immense popularity among youth, who aspire to
have a good physique, is helping the market to grow. Health supplements
consists significant amount of tocopherols. Another important factor that is
driving the market is the exponential rise in demand of meat and pork from all
over the years. This has particularly surged the demand of animal feed. Animals
are fed mixed tocopherols in order to make them healthy. Rise in cosmetics
product all across the world is also helping the market to grow.
Volatile Raw Material Prices to
Hinder Market Growth
The global mixed tocopherols
market is also faced with various challenges which are likely to deter the
growth of the market. One of the primary challenge that is concerning the
players in the market is the erratic raw material prices. This is anticipated
to create imbalance between the supply and demand of the tocopherols product in
the market. The market is generally driven by investing hefty, thus small
players in the market which could afford heavy investment, perform miserably in
the market, thus pulling down the growth rate.
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