Tocotrienol Market

Tocotrienol Market Growth and Forecast (2023-2028):

Global Tocotrienol Market was worth USD 0.33 billion in 2023 with a CAGR of 7.90% to reach USD 0.48 % billion by 2028

Tocotrienol Market Overview:

Tocotrienol is a member of the vitamin E family, known for its various health benefits, it is an isomer of vitamin E, and is a member of the vitamin E family with a variety of health benefits. Raw wheat, palm oil, barley, rye, RiceBranOil, and oats are good sources of tocotrienols. Tocotrienols are more expensive than tocopherols. Both offer similar properties that protect cell membranes. Tocotrienol production requires low maintenance costs and provides cost-effective extraction. They have antioxidant properties that can help reduce heart-related diseases along with many types of cancer. Scientists, including achiote, are discovering a variety of new sources. They are derived primarily from high-concentration palm oil and are generally not found in low concentrations. Tocotrienols tend to increase the demand for tocotrienols in the market as a beneficial compound in the treatment of diseases such as respiratory and pancreatic cancer. In this family of vitamin E, there are 4 tocotrienols and 4 tocopherols that are distinguished on the basis of saturated and unsaturated chains.

Recent Developments in Tocotrienol Industry:

• In April 2019, American River Nutrition, Inc. announced that it received a patent for a Korean dietary supplement containing tocotrienols, which inhibits the growth of melanoma.

Tocotrienol Market Drivers:

The growing demand for tocotrienols as a supplement in pill and capsule form has helped the market. This vitamin E is also added to animal feed as a dietary supplement to improve animal meat. The growing concern about treating diseases such as pancreatic cancer and respiratory diseases is expected to increase demand from the pharmaceutical industry, which will help the growth of the world market during the forecast period. With the growing awareness of tocotrienols and their enormous health benefits, as well as the treatment of different types of cancer and other health benefits, they have become the subject of interest for researchers and the global market demand is growing. quickly. However, current studies on tocotrienol account for only 1% of studies on vitamin E. The main factor driving the growth of the tocotrienols market are the increasing demand for tocotrienols in a wide range of applications, from dietary supplements to products. pharmacists increased consumer health awareness of healthy food consumption, increased urbanization, and increased disposable income. Additionally, the various uses of tocotrienols in the medical industry as tocotrienols derived from vitamin E exhibit antioxidant properties that help reduce heart-related diseases along with cancer, and increased consumption due to high concentrations of vitamin E from Tocotrienols demonstrates the proven competitiveness of tocopherols. give. Factors that increase the demand for the product. Additionally, opportunities for tocotrienols in medical applications include suppressive and anticancer compounds due to their antioxidant properties and are supposed to drive demand for tocotrienols. In addition, the growth of the general market for tocotrienols is estimated to accelerate as the spread of cardiovascular disease increases. It is also expected to contribute to demand during the forecast period as consumer concerns about unhealthy lifestyles due to poor eating habits rise.

Tocotrienol Market Restraints:

Research and development initiatives taken by the end-user industry will add more potential to create broad opportunities for the Tocotrienols market in the future. The adoption of tocotrienols is increasing, especially in pharmaceutical applications for the production of anticancer drugs, which is a key factor that is expected to drive the growth of the global market during the foreseen period. Additionally, the increased incidence of cardiovascular disease worldwide is another factor that will support the growth of the target market. Additionally, growing personal awareness of the use of tocotrienols to treat diseases such as respiratory and pancreatic cancer is increasing demand in the pharmaceutical industry is driving the market growth during the projection period. A constant trend observed in the market is to increase the use of rice bran to induce tocotrienols, which are considered safe mixtures with fewer side effects for humans is expected to increase during the outlook period. The increasing application of tocotrienols in the pharmaceutical industry is a major market driver due to benefits such as anti-cancer, lowering cholesterol, cardiovascular disease, etc. These are recognized as "generally safe (GRAS)" substances and can be used as additives in dietary supplements. Unhealthy lifestyle concerns coupled with a growing number of health-conscious consumers and poor diet are expected to drive market demand for tocotrienols in the near future. The R&D initiative is expected to create rich opportunities for the Tocotrienols market and open potential applications. Awareness of the health benefits of tocotrioenol is increasing in diet and other applications and is rapidly being adopted in the world market. Due to all the health benefits and applications, the market for tocotrioenol is expected to expand rapidly in the near future.The main retraining factors of the Tocotrienols market growth are the high prices for participants to further penetrate the market and the negative impacts associated with health. The high cost of tocotrienols is a key factor that is expected to hold back the growth of the global market during the forecast period. Furthermore, the lack of awareness of the benefits of tocotrienols in developing countries is another factor that is estimated to hamper the growth of the target market in the near future.

REPORT COVERAGE:

Tocotrienol Market Segmentation:

By product 

• beta

• gamma

• alpha

• delta

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 in transport to the human body. It also helps increase the calcium content of human bones.

Based on end-user    

• pharmaceuticals

• dietary supplements

• cosmetics

The other segment consists of feed additives and research applications. Dietary supplements accounted for more than 65% of the total market and emerged as a major segment after pharmaceuticals. Changing consumer preferences to participate in dieting and changing lifestyles are the main drivers of increased market growth. Tocotrienols are mostly used in the cosmetics as a skin conditioning agent. 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 help prevent the harmful effects of oxidation.

Impact of COVID-19 on the Tocotrienol Market:

The production and extraction process of tocotrienols did not continue due to the effects of COVID-19. This has affected industries related to the application of tocotrienols and hampered the gains of the global market.

Tocotrienol Market Regional Analysis:

• North America

• Europe

• The Asia Pacific

• Latin America

• The Middle East and Africa

North America is experiencing a rapid increase in tocotrienol production capacity, especially in the United States, driven by increasing consumer demand for dietary supplements. Changes in the composition of tocotrienols in terms of younger population, various varieties. The tocotrienols market is expected to register healthy growth as end-user applications increase worldwide. Additionally, increasing personal health awareness about cancer and cardiovascular disease treatment and growing concern for the health of younger and aging populations are expected to increase the rate of tocotrienol production in several countries in the region, driving market growth during the forecast period. The tocotrienol market in the Asia Pacific region is expected to show rapid growth during the forecast period, mainly attributed to the growth of the dietary supplement market, especially in China and India. Furthermore, population growth and growing health problems, mainly in the emerging economies of China and India, are expected to drive the growth of the APEJ tocotrienol market.

Tocotrienol Market KeyPlayers

Major Key Players in the Global Tocotrienol Market are

1. BTSA Biotechnologies Aplicados SA

2. BASF

3. Eisai Food & Chemical Co. Ltd

4. American River Nutrition, Inc

5. ExcelVite Inc

6. Vance Group Ltd

7. SourceOne

8. Davos Life Science Ltd

9. Sime Darby Bioganic Sdn

10. Orochem