“Global Tocotrienol Market to reach a market value of USD 530.6 Million by 2030 growing at a CAGR of 5.8%”
The Global Tocotrienol Market size is expected to reach $530.6 million by 2030, rising at a market growth of 5.8% CAGR during the forecast period.
Tocotrienols are often included in dietary supplements to promote overall health and well-being. Consequently, the dietary supplements segment generate a 60.88% Share in the market by 2030. As demand for these supplements rises, so does the demand for tocotrienols as a key ingredient. Therefore, the rising demand for natural and functional ingredients is propelling the growth of the market.
Advanced extraction technologies enable manufacturers to extract tocotrienols from natural sources more efficiently. These technologies may involve innovative methods such as supercritical fluid extraction, molecular distillation, or chromatography, resulting in higher yields and lower production costs. In conclusion, ongoing advancements in extraction and formulation technologies drive the market’s growth.
Additionally, As people age, they become more susceptible to various health issues such as cardiovascular diseases, cognitive decline, and age-related macular degeneration. As potent antioxidants, tocotrienols have been studied for their potential role in supporting cardiovascular health. The aging population’s heightened awareness of these health concerns drives the demand for tocotrienol-rich supplements. Thus, the expansion of the global aging population is driving the market’s growth.
However, Tocotrienols are a form of vitamin E found in certain natural sources like palm oil and rice bran. Extracting tocotrienols from these sources involves a complex process that requires specific equipment and expertise. The cost of acquiring and maintaining this equipment contributes to the high cost of production. Furthermore, the yield of tocotrienols from natural sources may be relatively low compared to other products. In conclusion, the high production cost is hampering the market’s growth.
However, Restrictions on movement, border closures, and lockdown measures in various countries disrupted transportation and logistics networks, leading to delays in procuring raw materials and production inputs for tocotrienol manufacturers. Thus, the COVID-19 pandemic had a negative impact on the market.
On the basis of end-use, the market is segmented into dietary supplements, pharmaceuticals, cosmetics, and others. The dietary supplements segment acquired 62.8% revenue share in the market in 2022. Rich in antioxidants, tocotrienols aid in the body’s reduction of oxidative stress by scavenging dangerous free radicals. Given the prevalence of oxidative damage contributing to various chronic diseases and aging processes, consumers increasingly turn to dietary supplements containing tocotrienols to enhance their antioxidant defenses and protect against cellular damage.
Based on product, the market is divided into alpha, beta, gamma, and delta. The gamma segment acquired 24.5% revenue share in the market in 2022. Gamma-tocotrienol has shown promising neuroprotective effects in preclinical studies. It has been demonstrated to efficiently pass the blood-brain barrier and shield brain tissue from oxidative stress, potentially delaying or preventing the onset of neurodegenerative illnesses like Parkinson’s and Alzheimer’s.
Free Valuable Insights: Global Tocotrienol Market size to reach USD 530.6 Million by 2030
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region generated a 19.65% revenue share in the market in 2022. Manufacturers and retailers in the Asia Pacific region increasingly incorporate tocotrienols into a wide range of products, including dietary supplements, functional foods, cosmetics, and personal care products. Product innovation, coupled with effective marketing strategies highlighting the health and beauty benefits of tocotrienols, drives consumer awareness and demand for these products in the region.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 341.6 Million |
| Market size forecast in 2030 | USD 530.6 Million |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.8% from 2023 to 2030 |
| Number of Pages | 193 |
| Number of Tables | 280 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Product, End-use, Region |
| Country scope |
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| Companies Included | Parchem Fine and Specialty Chemicals, Inc., BASF SE, Eisai Co., Ltd., Cayman Chemical Company, Inc., Excelvite SDN. BHD., BTSA, BIOTECNOLOGÍAS APLICADAS S.L., American River Nutrition, LLC, Vance Group Ltd., Kuala Lumpur Kepong Berhad (Davos Life Science), SourceOne Global Partners |
By Product
By End Use
By Geography
This Market size is expected to reach $530.6 million by 2030.
Rising demand for natural and functional ingredients are driving the Market in coming years, however, High cost associated with the process of production restraints the growth of the Market.
Parchem Fine and Specialty Chemicals, Inc., BASF SE, Eisai Co., Ltd., Cayman Chemical Company, Inc., Excelvite SDN. BHD., BTSA, BIOTECNOLOGÍAS APLICADAS S.L., American River Nutrition, LLC, Vance Group Ltd., Kuala Lumpur Kepong Berhad (Davos Life Science), SourceOne Global Partners
The expected CAGR of this Market is 5.8% from 2023 to 2030.
The Alpha region is leading the Market, by Product in 2022 there by, achieving a market value of $268 Million by 2030.
The North America region dominated the Market, by Region in 2022 there by, achieving a market value of $244.8 Million by 2030, growing at a CAGR of 5.2 % during the forecast period.
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