Tocopheryl acetate is an ester of acetic acid and tocopherol. Tocopheryl acetate is considered as potent anti-oxidant that can penetrate through human skin to reach living cells. It is isolated from vegetable oils, dairy product, eggs, meat, nuts, cereals, yellow vegetables and leafy green vegetables. It is used in various personal care and cosmetic products such as eye shadow, blushers, moisturizers, lipstick, bath soaps, detergents, hair conditioners and skin care products. Food and Drug Administration (FDA) has classified tocopheryl acetate as Generally Recognized as Safe (GRAS).
Growing demand for high performance antioxidants is expected to drive the tocopheryl acetate market. Tocopheryl acetate is generally used as a substitute for vitamin E. In chemical structure of tocopheryl acetate the phenolic hydroxyl group is blocked which reduces the acidity of the product and extends the shelf life. In addition, rising demand from personal care industry is anticipated to fuel the market growth. Tocopheryl acetate is hydrolyzed slowly once absorbed by the human skin and regenerates tocopherol (vitamin E). The benefits of the tocopheryl acetate includes protecting skin from UV damage, improving moisture content and skin texture, reduction in severity of sunburns, prevention of melanin deposits, inhibition of lipoperoxide associated skin disorders and improves stability of cosmetics. Furthermore, increasing consumer health awareness across the globe is projected to boost the tocopheryl acetate market. Per capita expenditure on healthcare is increasing at tremendous pace in developing countries. The consumer groups in developing regions are becoming conscious about the health and aging issues and seek the treatment with organic products.
However, moderate hazardous effects of tocopheryl acetate are expected to hamper the market growth in the next few years. Environmental Working Group’s Cosmetics Database has classified the compound as moderate hazard. Tocopheryl acetate is related with concerns regarding organ system toxicity, contamination of hydroquinone and cancer. According to Cosmetic Ingredient Review (CIR), tocopheryl acetate demonstrated positive mutation results with mammalian cells that can lead to cancer. The compound also poses a threat of bioaccumulation as it can get accumulated under the human skin.
Rising online retailing and rising specialty product segments for men are expected to provide immense opportunities for the players in the market. Due to rise in online retailing, the distribution channels for the products that contain tocopheryl acetate are widening. This widening would the companies to reach out customers in every corner of the world. Additionally, new products development due to continuous research and development activities is expected to be an important opportunity for the existing players to maintain their market share.
Asia Pacific emerged as the largest market for tocopheryl acetate in terms of consumption and production. Changing consumer preference and increasing awareness about health is driving the demand for personal care and cosmetics products, which in turn expected to drive the tocopheryl acetate market. North America followed Asia Pacific in terms of consumption of tocopheryl acetate. Growth in Europe is expected to be muted due to regulations on the use of the compound in personal care and cosmetics products as it pose a threat of cancer and other disorders. Rest of the World tocopheryl acetate market is expected to grow at a moderate pace during the next few years.
Global market for tocopheryl acetate is characterized by high level of consolidation. During the last few years, the market has consolidated with high degree of mergers and acquisitions. Some of the key players in tocopheryl acetate market include Stuart Products, DSM, ADM, Soham Organics Ovt. Ltd., Perchem Fine and Specialty Chemicals and The Dow Chemical Company.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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