Tocotrienol Market: Overview
Tocotrienols are members found in the Vitamin E family and are natural agents. Tocotrienols comprise of health benefits and also an essential ingredient for treatment illnesses such as diabetes, cardiovascular disease, and certain types of cancer. Also, tocotrienols products hinder the growth of breast cancer cells. Tocotrienols are usually recognized as safe (GRAS) substance and also used as an additive in dietary supplements. Tocotrienols can originate from rice, oil, wheat, rye, barley, and oats. Moreover, tocotrienols are primarily found in the high concentration in palm oil, which are extracted from the palm nut. Tocotrienols are natural agents but usually found in low concentrations Tocotrienols are members found in the Vitamin E family and are natural agents. Tocotrienols comprise of health benefits and also am essentail ingredient for treatment illnesses such as diabetes, cardiovascular disease, and certain types of cancer. Also, tocotrienols products hinder the growth of breast cancer cells. Tocotrienols are usually recognized as safe (GRAS) substance and also used as an additive in dietary supplements. Tocotrienols also originate from rice, oil, wheat, rye, barley, and oats. Moreover, tocotrienols are primarily found in the high concentration in palm oil, which is extracted from the palm nut. Tocotrienols are natural agents but usually found in low concentration.
Tocotrienol Market: Drivers & Restraints
The major factors driving the growth of tocotrienol market are growing demand of tocotrienol in a wide range of applications ranging from dietary supplements to pharmaceutical, rising health awareness among consumers regarding consumption of healthy food, increasing urbanization, and rising disposable income. Moreover, various usage of tocotrienol in the healthcare industry as vitamin E derived tocotrienol exhibits antioxidant properties that help to reduce heart-related diseases along with cancer, competitive edge the prover tocopherols, and increasing consumption due to high vitamin E concentrations in tocotrienols are the prominent factors which are increasing the demand for the product. Further, opportunity of tocotrienol in medical applications includes cancer suppression and anti-cancer compound attributed to its antioxidant properties and is projected to drive tocotrienol demand. In addition, growing pervasiveness of cardiovascular diseases is also expected to boost the overall tocotrienols market growth. In addition, rising concern about unhealthy lifestyle with inadequate diet among consumer is expected to contribute the demand over the forecasted years. On the other hand, major factor retraining the growth of tocotrienol market are the high price for market participants to penetrate the market further, and adverse health-related impacts. Research & development initiatives taken by the end-user industries will add more potential to create ample opportunities for tocotrienol market in future.
Tocotrienol Market: Market Segmentation
The tocotrienol market is segmented into four parts based on the product type, end-users, distribution channels, and geography.
Based on the product type the Tocotrienol market is segmented into:
Based on the application type the Tocotrienol market is segmented into:
- Dietary Supplements
Based on the type of distribution channels Tocotrienol market is segmented into:
- Internet Retailing
- Mass Retailers
- Direct Selling
Tocotrienol Market: Regional Outlook
Regarding geography, tocotrienol market has been categorized into five key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Tocotrienol market is expected to register healthy CAGR during the forecast period. Asia-Pacific represents the significantly high market share and grow with comparatively high CAGR in forecast period. North America is experiencing the rapid increase in the production capacity of tocotrienol owing to growing demand among consumers for dietary supplements particularly in the U.S. 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 primarily attributed 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 the APEJ tocotrienol market.
Tocotrienol Market: Key Players
Some of the market players identified in the tocotrienol market are:-
- American River Nutrition
- Vance Group
- AC Grace Company
- Cayman Chemicals
- Parachem Fine & Specialty chemicals
- Palm Nutraceuticals Sdn Bhd
- Supervitamins Sdn Bhd.
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