Global Tocotrienol Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global tocotrienol market in its upcoming report titled, “Global Tocotrienol Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global tocotrienol market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global tocotrienol market report has been segmented on the basis of product, end-use, and region.
Tocotrienols are members of vitamin E family having various health benefits. Crude palm oils, wheat, rice bran, barley, rye, and oats are good sources of tocotrienols. Tocotrienols are more expensive as compared to tocopherols; both provide similar properties to protect cell membranes. Tocotrienols production needs low maintenance costs and provides cost-effective extraction. Tocotrienol has antioxidant properties which helps to reduce heart-related diseases along with various types of cancer.
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 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.
However, the high cost of tocotrienol is a key factor expected to restrain growth of the global market over the forecast period. In addition, lack of awareness regarding the benefits of tocotrienol in the developing economies is another factor expected to hamper growth of the target market in the near future.
Ongoing trend observed in the market is increasing use of rice bran for deriving tocotrienols which are considered as a safe mixture with less side effects on human beings. This trend is expected to continue over the forecast period.
Various research and development activities to slow down growth of breast cancer cells expected to create potential revenue opportunities for players operated in the market.
The market in North America dominates the global market in terms of revenue over the forecast period, owing to increasing demand for dietary supplement especially in the US. In addition, rising health awareness among individuals to treat cancer and cardiovascular diseases and increasing health concern among aging as well as young population is increasing production rate of tocotrienol in various countries in this region expected to drive growth of the market over the forecast period. The market in Asia Pacific is projected to account for highest CAGR over the forecast period, owing to increasing dietary supplements and rising health concerns among individuals, especially in China and India.
Global tocotrienol market segmentation:
Segmentation by product:
Segmentation by end-use:
- Dietary Supplements
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF SE
- American River Nutrition Inc.
- Vance Group Ltd.
- SourceOne Global Partners
- Orochem Technologies Inc.
- C. Grace Company, L.L.C.
- Cayman Chemical Company, Inc.
- Palm Nutraceuticals Sdn. Bhd.
- Supervitamins Sdn Bhd.
- Davos Life Science Pte Ltd.
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