The global tocopherols market is expected to reach USD 6.98 Billion by 2028, at a CAGR of 8.72% from 2021 to 2028. This growth is attributed to the increasing demand for natural antioxidants and preservatives in the food and beverage industry. In addition, rising awareness among consumers about the health benefits associated with tocopherols is anticipated to further drive the growth of the global tocopherols market.
Tocopherols are a form of vitamin E and are widely used in the food and beverage, pharmaceutical, animal feed, and cosmetic industries. In food and beverage, tocopherols are used as natural antioxidants and preservatives. Additionally, tocopherols are known to reduce the risk of chronic diseases such as cancer, heart disease, and diabetes.
The increasing demand for natural preservatives and antioxidants in the food and beverage industry has led to an increase in the demand for tocopherols. Furthermore, increasing awareness among consumers about the health benefits associated with tocopherols is expected to drive the growth of the global tocopherols market.
Restraints:
- Stringent Regulations: Stringent government regulations, particularly in developed countries, are the major restraints of the global tocopherols market.
- High Costs: The cost associated with the production of tocopherols and their use in various applications is a major restraint of the global tocopherols market.
- Availability of Alternatives: The availability of other natural and synthetic antioxidants, such as ascorbic acid, malic acid, and citric acid, is a major restraint of the global tocopherols market.
- Lower Bioavailability: The lower bioavailability of tocopherols, especially alpha-tocopherol, is a major restraint of the global tocopherols market.
In terms of product type, the global tocopherols market is segmented into alpha, beta, gamma, and delta tocopherols. Alpha tocopherols are expected to dominate the global tocopherols market owing to their wide use in the food and beverage industry.
In terms of application, the global tocopherols market is segmented into food and beverage, pharmaceutical, animal feed, and Cosmetics. Food and beverage industry is anticipated to dominate the global tocopherols market due to its increasing demand for natural preservatives and antioxidants.
In terms of region, the global tocopherols market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the global tocopherols market owing to the presence of a large number of food and beverage manufacturers and growing awareness among consumers about the health benefits associated with tocopherols.
Some of the key players operating in the global tocopherols market include BASF SE, Archer Daniels Midland Company, Cargill Inc., Croda International Plc, Zhejiang NHU Co. Ltd, and Zhejiang Medicine Co. Ltd.
Get a comprehensive report summary that describes the market value and forecast along with the research methodology. Download the PDF brochure.
