Inkwood
Research estimates that the Global Tocopherol Market is estimated to record a
CAGR of 5.46% during the forecasting years of 2020-2028.
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Global Tocopherol Market Forecast 2020-2028.”
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Tocopherols are natural antioxidants largely used in the
food industry, cosmetics and animal nutrition, owing to their great ability to
prevent oxidation, extending shelf-life of food products. Natural tocopherols
are safe, effective, and easy-to-transport antioxidants. Since tocopherols are
non-toxic components, they are accepted globally, and there are no limits to
their use. There has been a surging demand for organic products, and this
natural antioxidant is permitted to be used in low doses. Naturally procured vitamin E, such as d-alpha-tocopherol, is derived from vegetable
oil, majorly from sunflower, soybean, rapeseed, corn, and has the capability to
be absorbed easily by the human body. The liver recognizes the natural d-alpha-tocopherol and gives it priority over
synthetic vitamin E.
Soaring Demand for
Tocopherol in Animal Feed Drives Market Growth
Antioxidants are vital for the
immune defense system and the health
of animals. Antioxidants are added to animal feed to enhance the shelf-life of
meat. Vitamin E is a necessary component of livestock diets. Vitamin E cannot be synthesized by animals. Therefore, the use
of tocopherol is increasing in animal diets.
Tocopherol is essential in animal nutrition to protect them from
malnutrition and pathogen. It helps to improve the quality of eggs and meat.
Extra tocopherol supplement is recommended for animals with liver and kidney
problems. The increasing demand for poultry, meat, and processed meat products,
is anticipated to drive the animal feed market, thereby boosting the sale of
tocopherols.
Soybean
Oil – Source Segment Harbored the Largest Revenue Share
Soybean oil is one of the most widely used vegetable oils
across the world. It consists of various fatty acids that are beneficial for
human health, and thus considered healthier compared to other vegetable oils. The
high content of tocopherol in soybean oil increases its antioxidant potential.
The tocotrienol is widely utilized in the cosmetics industry, which helps in
the removal of blemishes, sunburns, acne, and facilitates the development of
new cells. It improves the immune system and helps the body to fight cancer,
heart disease, premature aging, and cognitive disorders. Soybean oil is used in
many industrial applications for the extraction of tocopherol to meet the
surging demand of consumers for natural antioxidants instead of synthetic ones.
Asia
Pacific – The Dominating and Leading Region in terms of Revenue
The region of Asia Pacific is predicted to register the
highest CAGR and hold the largest revenue share throughout the forecast period.
The increasing consumer demand for natural sources of vitamins and nutrients
that can be used as nutritional supplements for humans and animals, and rising
urban income has led to the growth in tocopherols demand.
The market boasts of leading manufacturers of vitamin E and
natural tocopherols. There is a high
degree of transparency in the market, owing to the
implementation of regulations and the need for ingredient information.
The capital intensive market has relatively high entry and exit barriers, and
competitive rivalry is moderate in the market. The renowned players of the
innovation-driven market are BASF SE, Zhejiang Worldbestve Biotechnology Co Ltd,
E. I. du Pont de Nemours and Company, Davos Life Science Pte Ltd, etc.
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