North America Tocotrienol Market size is projected at USD xx.xx million in 2021 and is estimated to range an over of USD xx. xx million by the end of the assessment period. The North America Tocotrienol Market is likely to knowledge reasonable growth highest of a CAGR of xx.xx% through the estimated period (2022 - 2027).
Tocotrienol is a beneficial chemical in treating diseases such as respiratory disorders and pancreatic cancer, which tends to increase the market demand for tocotrienol. This family of vitamin E includes four tocotrienols and four tocopherols, differentiated on the basis of saturated and unsaturated chains. The increasing awareness among people of their health awareness is increasing the demand for food supplements containing tocotrienol, which ultimately leads to the expansion and growth of the market.
Recent Developments
The citrus ingredient has acquired Lonza's Sytrinol brand of heart health ingredients. Sytrinol is a blend of palm tocotrienols and citrus flavonoids clinically proven to help maintain healthy cholesterol, triglyceride, and LDL levels and improve the LDL: HDL ratio.
American River Nutrition has just announced a new brand, for the business and its component DeltaGold Tocotrienol Vitamin E. Anne Trias, Product Manager for American River Nutrition, said: “After spending many years focusing on the science of achiote derived tocotrienols, we felt it was time for American River Nutrition to take it to the next level. In the marketing of our DeltaGold.
Market Drivers and Restraints:
The main factors driving the expansion of the tocotrienol market are the growing demand for tocotrienol in a wide range of applications ranging from dietary supplements to pharmaceuticals, increasing consumer health awareness regarding the consumption of healthy foods, increasing urbanization and increasing incomes.
Additionally, various uses of tocotrienol in the healthcare industry such as tocotrienol derived from vitamin E exhibit antioxidant properties that help reduce heart disease along with cancer, a competitive advantage over tocopherols, and increased blood consumption due to high concentrations of vitamin E in tocotrienol are the main factors that increase the demand for the product. The growing demand for tocotrienol in supplement form in tablet and capsule form has benefited the market. This vitamin E is also added in animal feed as a dietary supplement to improve the quality of an animal's meat.
Furthermore, the demand for tocotrienol is increasing in the cosmetic industry as a skin conditioning, anti-aging, and light stabilizing agent, thus boosting the market. The increasing use of tocotrienol in the pharmaceutical industry to provide various health benefits, such as immunity, metabolic support, anticancer drugs, cholesterol-lowering, and liver health, has skyrocketed its demand in the market.
Major market players invest large sums of money in the R&D sector to seek more possible outcomes where the product offering is often paid for as a utility to the customer. The market has revealed the advantages of profitable production techniques that accelerate the growth rate and revenue generation for the global industry. Disruptions in supply chains have hampered the transfer of raw materials within a country or globally.
Oftentimes, due to a shortage of active transport, the market faces obstacles in terms of performance and growth. Tocotrienol treatments are expensive and this is likely to hamper the tocotrienol market growth.
Market Segmentation:
Product
Alpha-tocotrienols accounted for 56.4% of total market revenue in 2020. They have repeatedly shown results in reducing total and LDL cholesterol levels. It has also been reported to have more antioxidant properties than alpha-tocopherol. Gamma tocotrienols are expected to be the fastest growing product segment for the next 8 years. This type of product reduces the synthesis of triglycerides and helps their transport to the human body. It also helps increase the calcium content of human bones.
End use
The other segment includes food additives and research applications. Food supplements accounted for more than 65% of the total market and have become an important segment after pharmaceuticals. Changing consumer preferences for diets and changing lifestyles are the main drivers of further market growth. Tocotrienols are used primarily in cosmetics as skin conditioning agents. Prolonged exposure to ultraviolet rays leads to skin aging problems, which ultimately leads to skin cancer. They are used in cosmetics and skin care products that help prevent the harmful effects of oxidation.
Impact of COVID-19 on North America Tocotrienol Market
Disruptions in supply chains have hampered the transfer of raw materials within a country or around the world. This is due to the lack of active transportation facing the market in terms of performance and growth.
Regional Analysis:
Geographically the North America Tocotrienol Market is segmented into US, Canada, Mexico and Rest of North America
The North American tocotrienol market accounted for approximately 60% of global sales. The growing demand for dietary supplements, mainly in the United States, has driven the growth of the regional market. The growing health concerns among the aging population, including the benefits of health awareness on deadly diseases such as cancer and cardiovascular disease in the region, are expected to further improve the market in the coming years.
US tocotrienol market is ruling with the highest shares of the market whereas Canada tocotrienol market is deemed to grow at a higher rate during the forecast period.
Leading Company
BASF had the largest share of the North America Tocotrienol Market in terms of sales revenue in 2021.
Key Players
The North American Tocotrienol Market is concentrated with well-established players. Key players in the North America Tocotrienol Market include
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