Latin America market was valued at USD 450 million in 2022 and is expected to reach USD 590 million by 2027 anticipated to grow at 5.4% CAGR from 2022 to 2027
Vitamin E is found primarily in mixed Tocopherols and is therefore used in medical supplements and are derived from the distillation of vegetable oils such as rapeseed oil, soybean oil, sunflower oil, and corn oil. Mixed tocopherols are renowned for their properties such as antioxidant, immune enhancing, and anti-inflammatory and antiplatelet aggregation effects and play the most effective role in the daily diet. Furthermore, mixed tocopherols offer several more benefits such as the prevention and cure of cardiac diseases, joint pain, and high blood pressure. An increase in awareness and health consciousness also leads to an increase in the demand of mixed tocopherols as a source of vitamin E.The Latin American mixed tocopherols market is anticipated to witness significant growth in the coming years as the demand for mixed tocopherols is growing in industries such as food and beverages and pharmaceuticals. A rise in health concerns and an increase in disposable income have been credited to the increase in the demand for mixed tocopherols. An increase in the use of vitamin E for the treatment of diseases such as diabetes, dementia, Parkinson’s disease, epilepsy and Huntington’s chorea is expected to boost the demand for mixed tocopherols in the pharmaceutical industry and thereby aid the market growth. An increase in the demand for mixed tocopherols in the cosmetics industry as the natural source of vitamin E is also expected to drive market growth. However, the high and uncontrolled dosage of mixed tocopherols via food supplementation interferes with platelet aggregation and blood clotting, thereby having a negative impact on market growth.
on the basis of
Source
Function
Compound
Form
Application
On the basis of Source,
Soybean Oil
Rapeseed Oil
Sunflower Oil
Corn Oil
Soybean oil is one of the most widely used vegetable oils. It contains a variety of fatty acids that are beneficial for human health and hence, considered healthier than most of the vegetable oils available in the market. Due to the favorable combination of fatty acids, soybean oil helps to keep a check on cholesterol levels. High content of mixed tocopherols in soybean oil boosts its antioxidant potential. The usage of soybean oil helps in the removal of blemishes, acne, and sunburns and facilitates the regrowth of new cells due to the presence of mixed tocopherols in this oil. Mixed tocopherols also help in strengthening the immune system and help the body fight against cancer, premature aging, heart disease, and cognitive disorders. Soybean oil is also industries for the preparation of paints, plastics, paper coatings, and solvents. On the basis of Function, it is segmented into Antioxidation, Preservation, Nutrient Stabilization, Flavor, and Protection.
On the basis of Form
Powder
Liquid
Gel
On the basis of the Compound
Alpha Tocopherols
Beta Tocopherols
Gamma Tocopherols
Delta Tocopherols
On the basis of Application,
Food and Beverage
Feed
Dietary Supplements
Pharmaceuticals
Cosmetics
The cosmetics segment is expected to witness the highest growth in this market segment. Mixed tocopherols are the most frequently used forms of vitamin E in cosmetic products as they have antioxidant properties, because of which they are gaining importance in cosmetics applications. These properties of mixed tocopherols also help to stabilize oxygen-sensitive ingredients in cosmetic formulations, protecting them against oxidation. They provide protection against sun damage as well as repair sun damage.
Argentina
Mexico
Brazil
Latin America are at a nascent stage of the mixed tocopherols market and is anticipated to show healthy growth over a forecast period.
BASF SE
DSM N.V.
Archer Daniels Midland Company
Nutralliance
DuPont Danisco
B&D Nutritional ingredients
American River Nutrition Inc.
Vitae Caps
Sigma-Aldrich Co. LLC
Cargill Incorporated
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