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.
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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.
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.
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