Tocopherols Market, By Source (Soybean Oil, Rapeseed/Canola Oil, Corn Oil, Sunflower Oil, Other Sources), By Application (Food and Beverage, Feed, Pharmaceuticals, Dietary Supplements, Cosmetics/Personal Care), and By Geography (Europe, Asia Pacific, North America, Latin America, and Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023

Code : CMI5496

Pages :135

Formats :

Excel and PDF

Industry : Food Ingredients

Market Challenges And Opportunities

Global Tocopherols Market Drivers:

Rising demand for tocopherol in animal feed to accelerate market growth

These antioxidants are highly beneficial for immune defense and health of animals. Vitamin E is very important compound for livestock diets. It is also used to improve the oxidative stability of meat. This helps to increase quality of eggs and meat. Hence, growing demand for high quality meat products will favor the market growth.

Ongoing research &development in the field of tocopherol extraction

To explore the properties of tocopherol key players are increasing their spending on research &development activities. For instance, Chinese pharmaceutical company Zhejiang Worldbestve Biotechnology Co. Ltd developed various production technologies that achieved national invention patent. The company, in collaboration with Zhejiang University, China, underwent high purity alpha type natural vitamin E - technology development industrialization projects.

Global Tocopherols Market Opportunities:

New FDA regulations for fats-soluble vitamins is expected to provide significant growth over the forecast period. For instance, the new regulation for the nutrition facts label, FDA is replacing the unit “IU” for vitamin A, vitamin D, and vitamin E with the metric unit. The unit for vitamin E will be changed to milligram of alpha-tocopherol (mg). This regulation came into effect on January 1, 2020, for companies with US$ 10 million or more in annual sales; and January 1, 2021 for companies with less than US$ 10 million in annual sales. It is projected that all countries will follow this new regulation as well to standardize the labeling system.

Global Tocopherols Market Restraints:

Easy availability of antioxidants alternatives to restraint market growth

For instance, spices and herbs contain high concentrations of phenolic compounds that offer antioxidant protection via hydrogen donation mechanism similar to tocopherols, thus, these spices and herbs can be used as alternatives to tocopherols in preparation of food products.

High Capital Investment Limit Growth

Synthesis of tocopherol require high capital investment. The process is very lengthy and expensive, this hinder the new key players entry into the market. Thus, hampering market growth.