17th December 2019 – 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.
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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.
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