Global Tocopherol Market: Overview
Tocopherols refer to a class organic chemical compound, many of which possess vitamin E activity. In the year 1936, the vitamin activity was first spotted from rats’ dietary fertility factor. Thus the compound derives its name “tocopherol” from two different Greek words: tókos which means birth and phérein which means to carry. In a nutshell, it means to bear pregnancy.
There are two types of tochpherols available in the market, namely α-Tocopherol and γ- Tocopherol. α-Tocopherol is widely found in European diet and supplements. The main dietary sources of α-Tocopherolare sunflower oils and olive. γ-tocopherol is most commonly foundin the American diet owing to very high intake ofcorn oil and soyabean.
An upcoming report on global tocopherol market by Transparency Market Research (TMR) explains every critical aspect of the global market for tocopherol. The report describes key market that are needed for the market to thrive in the forecast timeframe.
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Global Tocopherol Market: Notable Developments
Developments in the global tocopherol market are forecasted to be characterized by increased research and development activities thereby leading to product development.
In addition to new launches, there would be strong emphasis on collaborations, mergers and acquisition, import and export status and supply chain management. Focus will be on the development of new, robust strategies that will empower business manufacturers and owners.
Kuala Lampur based Davos Life Science has come up with a new name, DavosLife E3 for their wide range of Tocotrienol-Rich Fraction (TRF) products. It was previously known as Naturale 3. This change is part of the company's initiative to rebrand themselves.
Some of the leading players that are operating in the global tocopherol market are Merck KGaA, Cargill Inc., Archer Daniels Midland, Royal DSM, and DuPont Danisco.
Global Tocopherol Market: Key Trends
Global tocopherol market has been characterized with the following market trends and opportunties:
Increased Requirement of Tocopherol from the Feed Industry
There has been a growing concern over animal health and as a result tocopherol finds increased usage in the animal feed industry. The demand for tocopherol in the animal feed industry is driven by the ever increasing demand for high quality pork and poultry meat. Substantial amount of tocopehrol is required to avert animal malnutrition and pathogen infections. Furthermore, the demand for tocopherolis also fuelled by the growing concern about the impact of heat stress on animals.
Rising Health Concerns to boost the Usage of Tocopherols
Tocopherols are fat-soluble alcohols that come with anti-oxidant properties. Antioxidant potential of tocopherols are enhanced when it is mixed in large quantities with soyabean oil. It plays an important role in the stabilization of cell membranes. Prevention of heart diseases, improvement of neurological disorders and some of the chronic diseases are some of the benefits of intake of tocopherols.
Besides, cosmetic industry also offers ample scope for the usage of tocopherols. It is known to help in the removal of acne, blemishes, sunburns, and facilitate growth of new cells.
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Global Tocopherol Market: Geographical Analysis
The region of North America accounts for the largest market share with Europe trailing behind. The region of Asia Pacific has acquired the position of the fastest growing market. Extensive usage of tocopherol in soyabean and corn oil has fuelled wide usage of tocopherol in the American market. While in Europe, tocopherol is used abundantly in olive and sunflower oil.
Asia Pacific is catching up with the rest of the world in terms of healthy eating habit. Growing incidents of heart diseases and increasing demand for various beauty products in this part of the world has contributed towards the growth of the global tocopherol market in Asia Pacific.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.