Global Tocotrienol Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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The Tocotrienol Market 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 2031.
The Tocotrienol Market 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.
Tocotrienol Market Overview:
“The Tocotrienol Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Tocotrienols are members of the 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 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 help to reduce heart-related diseases along with various types of cancer.
The increasing adoption of tocotrienol in pharmaceutical applications especially for the production of anti-cancer drugs is a key factor expected to drive the growth of the global market over the forecast period.
In addition, the increasing incidence of cardiovascular diseases across the globe is another factor expected to support the growth of the target market.
Moreover, rising awareness among individuals regarding the 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 the growth of this market in the near future.
However, the high cost of tocotrienol is a key factor expected to restrain the growth of the global market over the forecast period.
In addition, a lack of awareness regarding the benefits of tocotrienol in developing economies is another factor expected to hamper the growth of the target market in the near future.
An ongoing trend observed in the market is the increasing use of rice bran for deriving tocotrienols which are considered as a safe mixture with fewer side effects on human beings. This trend is expected to continue over the forecast period.
Various research and development activities to slow down the growth of breast cancer cells are expected to create potential revenue opportunities for players operating 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 supplements,s especially in the US.
In addition, rising health awareness among individuals to treat cancer and cardiovascular diseases and increasing health concern among the aging, as well as young population, is increasing the production rate of tocotrienol in various countries in this region expected to drive the growth of the market over the forecast period.
The market in the Asia Pacific is projected to account for the highest CAGR over the forecast period, owing to increasing dietary supplements and rising health concerns among individuals, especially in China and India.
Tocotrienol market segmentation:
Segmentation by product:
Segmentation by end-use:
- Dietary Supplements
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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