According to the recent FMI report, the sales of tocopherols are expected to reach a valuation of US$ 825 Mn by 2032, rising at a CAGR of around 7.5% through 2032.
Due to the growing concern about animal health, the use of mixed tocopherol in animal feed is on the rise. Tocopherol is in great demand in the feed sector due to the rising preference for high-quality chicken meat and pigs. The product contains a good amount of vitamin E which is considered important for animal intake, leading to a rise in sales of tocopherols.
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Vitamin E is essential for many pets, including dogs and cats, because it performs a range of tasks. To begin with, Vitamin E functions as an antioxidant, preventing cell damage caused by free radicals, which are linked to a variety of dangerous diseases such as cancer, Parkinson’s disease, Alzheimer’s disease, and others.
While vitamin E deficiency in pets is uncommon, cats are significantly more vulnerable than dogs. Because all-fish diets are often lower in Vitamin E – which is required for natural fat metabolism – pets may be at risk of developing Yellow Fat Disease if supplementation is not provided.
Backed by these factors, sales in the tocopherols market are forecast to gain traction at a healthy pace over the forecast period.
“Growing concerns about obesity, the aging population, and government efforts are driving to greater consumption of nutritious foods and snacks, which is expected to boost the application of tocopherols in the food and beverage sector,” says FMI analyst.
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Key Takeaways:
- Due to increasing consumer preference for natural ingredients in hair care and skincare, sales in the personal care segment are estimated to reach US$ 201.2 Mn.
- Based on type, sales of alpha tocopherols are expected to increase at a considerable pace.
- In terms of source, demand for soybean oil-based tocopherols is expected to increase at a 5.4% CAGR though 2032.
- The Europe tocopherols market will reach US$ 101.4 Mn in 2022.
- Due to its antioxidant characteristics, sales of mixed tocopherols are expected to grow at a considerable CAGR over the forecast period.
Competition Landscape
Key players operating in the global tocopherols market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing and promotional activity, strengthening distribution channels, and adopting sustainable production.
Some of the leading companies offering tocopherols are
- Archer Daniels Midland Company
- DSM,
- Kensing
- Cargill
- Kemin Industries
- Dupont
- COFCO Tech Bioengineering
- Riken Vitamin Co., Ltd.
- BandD Nutritional Ingredients Inc.
- Davos Life Science Pte. Ltd. and others.
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Get Valuable Insights into Tocopherols Market
FMI, in its new offering, provides an unbiased analysis of tocopherols presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for tocopherols based on source (soybean oil, rapeseed oil, sunflower oil, corn oil, and other), application (food and beverages, feed, pharmaceuticals, personal care, and dietary supplements), and type (alpha tocopherols, delta tocopherols, and mixed tocopherols) across seven major regions.
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