Mixed Tocopherols Market factors driving Is Expected To Grow At a CAGR OF 7.4% FROM 2018-2027.
According to Stratistics MRC, the “Global Mixed Tocopherols Market” accounted for $4.12 billion in 2018 and is expected to reach $7.83 billion by 2027 growing at a CAGR of 7.4% during the forecast period. Increasing prevalence of chronic diseases, rising disposable income among people, and awareness among consumers regarding the health benefits of mixed tocopherols are the factors driving the market growth. However, high prices of raw material may hinder the market growth.
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Tocopherol is an organic chemical compounds which is naturally found in different sources, such as nuts, oils, and vegetables. These are the significant forms of vitamin E, which is a group of fat-soluble phenolic compounds. Tocopherols are vital antioxidants, which is present in relatively high concentration in soybeans. It is synthesized merely in photosynthetic organisms which act as a protective component. Mixed Tocopherols are a natural antioxidant that is used for the preservation of oils, fats, and protein meals. They are made up of a mixture of four isomers which is present in Vitamin E, and they are alpha-tocopherol, delta tocopherol, gamma tocopherol, and beta tocopherol.
Opportunity: Growing demand for vitamin E provides ample opportunities for the market.
Vitamin E's ability to minimize the risks of heart attack, chest pain and joint pain should impel the concentrated demand for mixed tocopherols in coming years. The industry is predictable to be ambitious in the coming years by growing demand for dietary supplements to increase physical resistance and muscle strength. Furthermore, vitamin E reduces the side-effects of drug therapies like radiation and dialysis, doxorubicin and amiodarone. The main source of vitamin E in dietary supplements is alpha tocopherols.
Driver: Strong Demand from Feed Industry.
Mixed tocopherol custom in animal feed industry is thriving owing to growing concern over animal health. Growing demand for high quality poultry meat and pork has driven the demand of tocopherol in the feed industry. All-rac-alpha-tocopherol acetate is the most frequent vitamin E form used to supplement animal feeds. Application in animal feed has got a huge opportunity in the field of tocopherol. Adequate amount of tocopherol is required in animal nutrition to protect them from malnutrition and pathogen. In addition, the rising concerns of heat stress on animals are also anticipated to boost the use of tocopherol in animal feeds. Thus, with the rise in demand for quality meat and poultry products globally, the demand for the use of tocopherol in animal feed is also expected to increase.
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By application, cosmetics segment is anticipated to grow at the significant rate during the period. Mixed tocopherols are the most frequently used forms of vitamin E in cosmetic products as they have antioxidant properties, owing to which they are gaining significance in cosmetics application. These properties of mixed tocopherols help to stabilize oxygen-sensitive ingredients in cosmetic formulations, protecting them against oxidation. Anti-oxidizing also helps in protection against skin aging. They provide protection against sun damage as well as repair sun damage. The market is conquered by Europe, while North America and the Asia-Pacific show high-growth opportunities.
By geography, North America is expected to witness significant growth during the forecast period, due to growing consumer health concerns across the U.S. and Canada. The stringent regulatory framework in the region is projected to drive demand for naturally derived products over the forecast period. The US consumers exhibited enhanced awareness regarding the health benefits of vitamin-E and its sources due to their beneficial effects. Furthermore, it reduces the probability of pregnancy-related disorders. The US food and beverage industry is experiencing greater demand for tocopherol, due to increased consumption of organic and fortified foods, such as cereals, fruit juices, and spreads.
Some of the key players profiled in the Mixed Tocopherols Market include Archer Daniels Midland Company, B&D Nutrition Industries, BASF SE, Cargill Inc, Cofco Tech Bioengineering Co Ltd, Davos Life Science, DSM N.V., Dupont Danisco, Eisai Food & Chemical Co Ltd, Nutralliance, Sigma Aldrich, The Scoular Company, Vance Group Ltd, Vitae Naturals, and Zhejiang Medicine Co Ltd.
DSM N.V: Nov 2019: Royal DSM has acquired AVA, a Boston (US) based personalized nutrition platform that provides nutrition and coaching recommendations across a wide range of health and wellness segments. Consumers are increasingly looking for science-based and data-driven nutritional solutions tailored to their specific health goals. AVA is a state-of-the-art digital health platform that leverages artificial intelligence to analyze behavior, wellness and consumption patterns and provide end users with adaptive nutrition recommendations and live coaching. The platform is currently available in the US and Europe and can be fully customized to a wide variety of use cases.
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Dupont Danisco: May 2019: DuPont Nutrition & Biosciences (DuPont) has launched its industry-leading OPTIMASE® portfolio of biobased enzymes for medical instrument cleaning applications. The DuPont™ OPTIMASE® portfolio delivers optimal cleaning performance in medical instrument cleaning applications, while helping customers optimize formulation costs. DuPont enzymes provide customers with excellent cleaning performance for the entire shelf life of the products with minimal or no stabilizers needed in the formulations.
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