The Global Mixed Tocopherols Market size was estimated at USD 3.66 billion in 2021 and is anticipated to reach an extent of USD 5.28 billion, recording a CAGR of about 5.39% throughout the foreseen period (2022 - 2027).
Mixed tocopherols are a rich source of vitamin E that are prepared with the distillation of vegetable oils like sunflower oil, soybean, corn and others. Mixed tocopherols are known for their antioxidant, immune, anti-inflammatory and antiplatelet properties and play the most effective role in the daily diet. Mixed tocopherols have various benefits, such as the prevention and cure of heart disease, joint pain, and high blood pressure, which has led to the demand for mixed tocopherols in the pharmaceutical industry. Increasing health awareness is also driving a growing demand for mixed tocopherols as a source of vitamin E and driving the global market.
REPORT COVERAGE:
REPORT METRIC |
DETAILS |
Market Size Available |
2021 – 2027 |
Base Year |
2021 |
Forecast Period |
2022 - 2027 |
CAGR |
5.39% |
Segments Covered |
By Source, Function, Form, Application and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Vance Group Ltd, BTSA, Eisai Food & Chemical Co., Ltd, COFCO Tech Bioengineering Co., Ltd, Zhejiang Medicine Co., Ltd. (ZMC), Vitae Naturals, DSM Nutritional Product, LLC Others. |
Increasing need for vitamin E in foods and dietary supplements owing to the rising health concerns is foreseen to promote the global mixed tocopherols market in the prediction period. Vitamin E's ability to minimize the risks associated with heart attacks, chest pain, and joint pain is expected to drive demand for mixed tocopherols over the next eight years. Increasing demand for vitamin E in pharmaceuticals is also expected to treat lung, oral, colorectal and pancreatic cancer, polyps, gastric cramps, nocturnal restless leg syndrome, epilepsy, and Huntington's chorea drive market growth during the forecast period. Increasing call for fortified foods and energy drinks is also anticipated to drive demand for these tocopherols in North America in future . The United States is expected to experience moderate growth due to the rising health problems in the country. Strict government regulations and anti-dumping laws in the United States are expected to increase the demand for natural products for the foreseeable future. The growing demand for dietary supplements to improve physical endurance and muscle strength is expected to propel the industry in the coming years. Additionally, vitamin E reduces the side effects of medical treatments such as radiation therapy and dialysis, doxorubicin, and amiodarone. Alpha-tocopherols are the main source of vitamin E in food supplements. Regulatory clearance for use as an antioxidant in foods and as an additive in nutritional formulas for use in infant formulas is expected to drive global market growth during the calculated period.
The global Mixed Tocopherols market can be divided into Sources, Function, Compound, Form, and Application. Soybean oil is becoming one of the most often vegetable oils around the world as it contains a variety of fatty acids that are beneficial for human health and therefore considered healthier than its counterparts available on the market. Due to the favorable combination of fatty acids, soybean oil helps control cholesterol levels. The high content of tocopherols mixed in soybean oil increases its antioxidant potential. The use of soybean oil helps to eliminate blemishes, acne and sunburns and facilitates the regrowth of new cells due to the presence of mixed tocopherols in this oil. Mixed tocopherols also help strengthen the immune system and help the body fight cancer, premature aging, heart disease, and cognitive decline. Soybean oil is also an industry for the preparation of paints, plastics, paper coatings, and solvents.
The cosmetics segment is expected to experience the highest growth in this market segment. Mixed tocopherols are the most widely used forms of vitamin E in cosmetic products because they have antioxidant properties, which is why they are gaining importance in cosmetic applications. They also help stabilize oxygen-sensitive ingredients in cosmetics, offering protection from oxidation. They provide protection against sun damage and repair sun damage.
Coronavirus pandemic has had its effects on the global food and beverage industry due to the lock down implemented in several nations and shut down of manufacturing units. All the associated industries like mixed tocopherols have witnessed decline in overall sales. However, with the increasing awareness related to the health benefits of mixed tocopherols is likely to improve its demand in the international marketplace in the coming days.
The global Mixed Tocopherols market has been divided based on geography into the regions of North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. The Asia Pacific dominated the global mixed tocopherols market in 2018 and is expected to remain the largest regional market due to increased meat consumption in the region over the forecast period. Demand in this region is expected to reach 59.29 kilotons by 2025. China is expected to experience tremendous growth over the next few years due to low raw material costs. North America is expected to grow at a CAGR of 3.5% from 2020 to 2025 due to growing concerns about consumer health in the United States and Canada. The tight regulatory framework in the region is expected to boost demand for natural products during the forecast period. Europe is expected to experience a moderate growth rate due to the increasing demand for processed food products in the region. The LA and MEA regions are expected to experience rapid growth over the coming years due to increased meat consumption and the growth of the cosmetic industry, especially in the emerging markets of South Africa and Brazil.
BTSA had the largest share of the Mixed Tocopherols Market in terms of sales and revenue in 2018.
Key Players in the Market:
Major Key Players in the Global Mixed Tocopherols Market are
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