Global Tocotrienol Market is anticipated to reach USD 387.6 million by 2024. Tocotrienols are constituents of vitamin E family and isomers of vitamin E; known for their various health benefits. Tocotrienols can be found in certain wheat, oils, rice, rye, oats, and barley. The factors that propel the growth of the tocotrienol industry include rising demand of tocotrienol in an extensive range of applications ranging from dietary supplements to pharmaceuticals, increasing health consciousness among customers about consumption of healthy food, rising development, and increasing disposable income, rising concern about unhealthy lifestyle with insufficient food.
On the other hand, there are factors that may hamper the growth of the market including high price for market participants to penetrate the market. Tocotrienol Market is anticipated to grow at a significant CAGR of 7.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market may be explored by product type, application, distribution channel, and geography. The industry may be explored by product type as Gamma, Alpha, Delta, Beta. The “Alpha” segment led the Tocotrienol Industry in 2015 and is anticipated to maintain its dominance by 2024 owing help in the inhibition of cell propagation in pancreatic cancer cells, which is anticipated to propel the product demand in the pharmacological market over the forecast period.
The key applications that could be explored in the Tocotrienols Market include Pharmaceuticals, Dietary Supplements, Cosmetics, and Others. The “Pharmaceuticals” segment led the Tocotrienol Industry in 2016 and is anticipated to maintain its dominance by 2024 due to Tocotrienol is helps in curing diseases such as prostate cancer & liver cancer and used as stabilizer in tablet formulation. The market may be analyzed by distribution channel as Direct Selling, Internet Retailing, Mass Retailers, and Others.
North America accounted for the major share of the Tocotrienol Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes rising demand for dietary supplements, mainly in the U.S., and rising health concern among the aged populace coupled with health awareness, and benefits in fatal diseases such as cancer and cardiovascular diseases in the region.
Some of the key players that fuel the growth of the tocotrienol industry comprise American River Nutrition, BASF, Vance Group, Orochem, Super vitaminsSdn Bhd., SourceOne, AC Grace Company, Parachem Fine & Specialty chemicals, Cayman Chemicals, Palm Nutraceuticals SdnBhd, and Others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Global Tocotrienol Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
Global Tocotrienol End-Use Outlook (Volume, Tons, Revenue; USD Million, 2014 - 2024)
• Dietary Supplements
Global Tocotrienols Regional Outlook (Volume, Tons, Revenue; USD Million, 2014 - 2024)
• North America
• Asia Pacific
• Middle East & Africa
• Central & South America
Research Support Specialist, USA