Tocotrienol Market Analysis By Product (Alpha, Beta, Gamma, Delta), By End-Use (Dietary Supplements, Pharmaceuticals, Cosmetics) And Segment Forecasts To 2022

Published: March 2016 | ISBN Code: 978-1-68038-762-9 | Report Format: PDF

Industry Insights

Global Tocotrienol Market was estimated at USD 214.1 million in 2014. Growing concern towards adverse health impacts of unbalanced diet is expected to drive tocotrienol demand in dietary supplements. Antioxidant characteristic is anticipated to spur the demand in the cosmetic industry.

Vitamin E supplements containing only tocopherols are not as valuable as those, which contain both tocotrienol and tocopherol. Novel applications in diet & supplement are likely to benefit overall market growth. Tocotrienols have some exceptional benefits over their counterparts such as tocopherols. Increasing research in the field of cancer and cardiovascular diseases are expected to hold advantages for tocotrienols over tocopherols.

They naturally derived from annatto help in reducing the inflammation associated with cardiovascular diseases and are also used in anti-aging creams. Such a trend is presumed to favor its growth in the healthcare industry over the next seven years. Tocotrienols have been found to be effective for lowering the fat levels from blood too. High triglyceride levels have been the major reasons for causing cardiovascular & metabolic diseases.

High product prices act as a major setback for market growth. Tocotrienols are considered five times more expensive compared to tocopherols. Although both have similar properties to protect cell membranes; however, tocotrienols for their unsaturated bonds are reported to penetrate more into cell membranes and are more effective antioxidants in comparison to their saturated bonds counterparts.

The Federal Food, Drug, and Cosmetic Act has categorized tocotrienol safe and without any harm as a natural vitamin E and as an antioxidant in the food industry. The European Scientific Committee on Food (SCF) also declared that tocotrienols can be used as food ingredients and also as a source of vitamin E in dietary food supplements. Such factors are expected to assist the market demand over the forecast period.

Tocotrienols production by using molecular distillation involves low maintenance costs and offers cost-effective extraction. Several R&D spending to diversify application range is expected to provide ample opportunities for market growth over the forecast period. Recent developments including their usage to minimize tumors and damage to the DNA are expected to offer ample opportunities for pharmaceutical research. Owing to its chemical structure, they offer enhanced anticancer and antidiabetic abilities. Medicinal benefits associated are expected to play a significant role in driving product demand over the next seven years.

Potential application in treating angiogenesis, gastric injury, bone health, life extension, inflammation, radiation protection, obesity, skin health and cognitive impairment is likely to create ample opportunities for the global tocotrienol market over the next seven years.

U.S. Tocotrienol Market estimates and forecast, by product, 2012-2022, (USD Million)

U.S. Tocotrienol Market

Product Insights

Major products include alpha tocotrienol, beta tocotrienol, gamma tocotrienol and delta tocotrienol. Alpha tocotrienol emerged as the leading product segment and accounted for over 50% of total market revenue in 2014. Alpha tocotrienols are most commonly used in dietary supplements in European countries and the U.S. In recent years; researches have reported their weak potency for health care benefits as compared to their counter molecules, delta & gamma.

Growing health awareness among the consumers has witnessed a positive trend in the recent past and is projected to continue this trend in the near future. Gamma molecules are considered as the new potential to eradicate diseases such as cancer. Delta tocotrienols are reported to be more functional due to its accumulation capacity in cancer cells which in turn help in the death of tumors compared to gamma.

End-Use Insights

Major end-use industries include dietary supplements, pharmaceuticals, cosmetics and others. Others segment comprises feed additives and research applications. Dietary supplements accounted for more than 60% of the overall market and emerged as the leading segment followed by pharmaceuticals. Surging demand for dietary supplements can be attributed to shifting consumer preferences to participate in diet and lifestyle management. Increasing awareness towards health benefits of vitamin E associated with body functions and mental health is expected to drive tocotrienol demand in dietary supplements over the next seven years.

Ability to enhance good cholesterol and minimize adverse impacts of bad cholesterols on health is expected to drive tocotrienol demand in nutraceutical and pharmaceuticals. Health benefits associated with tocotrienol to treat diseases such as pancreatic cancer and respiratory disorders are expected to drive product demand in pharmaceuticals over the next seven years.

Regional Insights

North America dominated the global market and accounted for over 60% of the overall revenue in 2014.Technological advancements and innovation across the various countries such as the U.S., Germany, and France are expected to benefit the respective regional markets. Health awareness regarding the benefits of tocotrienols in fatal diseases such as cancer and cardiovascular diseases in the region is also expected to augment the market.

Competitive Insights

Global Tocotrienol Market is highly competitive, and the top four companies hold the majority share of the industry revenue. The market is expected to move towards consolidation and may witness an increase in mergers, acquisitions and strategic alliances over the next seven years.

Major companies include American River Nutrition, BASF, Eisai FOOD & Chemical Co., Ltd, Vance Group, Excel Vite Inc, Davos Life Sciences, Orochem, Cayman Chemicals, Ac Grace Company and Parachem Fine & Specialty Chemicals.

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