Tocotrienol Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Tocotrienol Market is segmented into By Application (Dietary Supplements, Cosmetics, Pharmaceuticals, Feed, Food, and Others); and By Geography.

Market Snapshot

tocotrienol market summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.86 %

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Market Overview

The global tocotrienol market is projected to grow at a CAGR of 7.86% during the forecast period (2020-2025).

  • Due to so many beneficial effects of tocotrienol on animal feed, it is anticipated that the tocotrienol market will be strongly boosted in the coming years, due to the demand from feed manufacturers.
  • The food and beverage industry highly depends on mixed tocotrienol, because they are used as preservatives, antioxidants, flavor protectants, and nutrient stabilizers.
  • The increasing need for tocotrienol in nutricosmetics is identified as one of the key opportunities that will stimulate growth in the global tocotrienol market during the forecast period. Cosmetic products are sensitive to oxygen. The application of mixed tocotrienol in cosmetic products helps to stabilize the ingredients. 

 

Scope of the Report

The global tocotrienol market is segmented into By type and application. Based on the application, the market is segmented by dietary supplements, cosmetics, pharmaceuticals, feed, food, and others. Based on geography, the study provides an analysis of the tocotrienol market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Application
Dietary Supplements
Cosmetics
Pharmaceuticals
Feed
Food
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
Rest of the World
South America
Middle East
Africa

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Key Market Trends

Rising Applications of Tocotrienol in Dietary Supplements & Pharmaceuticals

Increasing adoption of tocotrienol in pharmaceutical applications especially for the production of anti-cancer drugs, which is a key factor expected to drive growth of the global market for tocotrienol over the forecast period. In addition, increasing incidence of cardiovascular diseases across the globe is another factor expected to support growth of the target market. Moreover, rising awareness among individuals regarding treatment of diseases such as respiratory disorders and pancreatic cancer using tocotrienols is increasing its demand in the pharmaceutical industry, which is further expected to drive growth of this market in the near future.

tocotrienol market1

North America Dominates the Market

North America holds the largest market share in global tocotrienol market owing to growing demand among consumers for dietary supplements particularly in the United States. Key factors driving the growth of tocotrienol market in the region include changing dietary habits, increasing production rate, rising health concerns among the young population, and change in composition of tocotrienol in terms of different varieties. The tocotrienol market is projected to register healthy growth due increasing end-user application across globe. Tocotrienol market for Asia Pacific is also expected to witness rapid growth during the forecast period majorly owing to the growth of dietary supplements market, especially in China and India. Moreover, increasing population and rising health concerns mainly in emerging economies of China and India is expected to boost the growth in the region.

tocotrienol market2

Competitive Landscape

Some of the major key players in the tocotrienol market, globally includes BASF SE, American River Nutrition, BTSA Biotechnologías Aplicados SA, Archer Daniels Midland, SourceOne Global Partners, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Dietary Supplements

      2. 5.1.2 Cosmetics

      3. 5.1.3 Pharmaceuticals

      4. 5.1.4 Feed

      5. 5.1.5 Food

      6. 5.1.6 Others

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 United Kingdom

        2. 5.2.2.2 Germany

        3. 5.2.2.3 France

        4. 5.2.2.4 Russia

        5. 5.2.2.5 Italy

        6. 5.2.2.6 Spain

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia Pacific

        1. 5.2.3.1 India

        2. 5.2.3.2 China

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 Rest of the World

        1. 5.2.4.1 South America

        2. 5.2.4.2 Middle East

        3. 5.2.4.3 Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Position Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 American River Nutrition

      3. 6.4.3 BTSA Biotechnologias Aplicados SA

      4. 6.4.4 Archer Daniels Midland

      5. 6.4.5 SourceOne Global Partners

      6. 6.4.6 ExcelVite Inc.

      7. 6.4.7 Orochem Technologies Inc

      8. 6.4.8 Vance Group Ltd

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Tocotrienol Market market is studied from 2016 - 2026.

The Tocotrienol Market is growing at a CAGR of 7.86% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

BASF SE, American River Nutrition, BTSA Biotechnologías Aplicados SA, Archer Daniels Midland, ExcelVite Inc. are the major companies operating in Tocotrienol Market.

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