According to a new report published by Introspective Market Research, titled, “Tocotrienol Market by Type, Source, Form, Application, Distribution Channel, End-user, and Region: Global Opportunity Analysis and Industry Forecast, 2024–2032,” The Global Tocotrienol market size was valued at USD 429.97 Million in 2023, and is projected to reach USD 803.88 Million by 2032, registering a CAGR of 7.2% from 2024 to 2032.
Tocotrienols are a form of vitamin E, which is a group of fat-soluble compounds with antioxidant properties that are found naturally in certain vegetable oils, nuts, seeds, and grains, such as rice bran oil, palm oil, barley, and oats. Currently, consumers are becoming more proactive about their health which overall fuels the growth of health supplements.
The market expansion has been fuelled by the rising popularity of Tocotrienol among consumers. Tocotrienols are commonly used in dietary supplements to promote immune function, cardiovascular health, and cognitive function. It is often included in anti-aging skincare products, hair care, and moisturizers due to its antioxidant, anti-inflammatory, hydrating, and, hair nourishing properties. It also improves the health and productivity of livestock by supporting the immune system, reducing inflammation, and promoting growth.
Consumers are seeking natural alternatives to support various aspects of wellness. Tocotrienols are an attractive option for health supplements derived from plant sources. It can reduce cholesterol levels, inhibit platelet aggregation, protect the skin from damage caused by UV radiation, and promote healthy blood vessel function. Tocotrienols also have antioxidant, neuro-effective, anti-aging, and anti-cancer, anti-inflammatory properties which help to neutralize harmful free radicals in the body, improve brain health, cancer prevention. The easy availability and accessibility of tocotrienols through well-established online and offline distribution channels contribute to product awareness.
Food companies have started incorporating tocotrienols into various functional food products, such as energy bars, cereals, and beverages for easy consumption which helps to consume sufficient amounts of tocotrienols as part of a healthy, balanced diet. These innovations in product development can present an opportunity for the market. There are also sports diet supplements introduced in the market for boosting performance and muscle recovery. These can help maintain healthy blood flow and reduce oxidative stress in the cardiovascular system. Also, helps in supporting faster recovery and reducing exercise-induced muscle soreness.
Global Tocotrienol Market, Segmentation
The Tocotrienol market is segmented based on Type, Source, Form, Application, Distribution Channel, End-user, and region.
Type:
Alpha tocotrienols offer versatility in formulation allowing them to be incorporated into a wide range of products. is more easily absorbed and utilized by the body, further leading to higher demand from consumers seeking maximum health benefits. It is used in various industries such as pharmaceuticals, cosmetics, and food supplements due to its anti-oxidant properties. Alpha-tocotrienol is frequently found in natural sources such as palm oil and rice bran oil, which are widely available and cost-effective for manufacturers. It exhibits good stability, easy accessibility & availability and long shelf life resulting in making it a good choice for manufacturers and consumers.
Source:
Rice is a staple crop in many regions of the world, and rice bran which is the outer layer of rice kernels is a by-product of rice milling. This makes rice bran oil easily accessible and available for the production and extraction of tocotrienols. Rice bran oil contains high levels of gamma and delta tocotrienols. The extraction process is efficient compared to other sources resulting in making it an attractive option for manufacturers. It has good oxidative stability leading to extended shelf life.
Country:
North American consumers prefer natural and functional ingredients that offer potential health benefits due to increased focus on health and wellness. This helps to boost the growth of the tocotrienol market. North America has a high incidence rate of chronic diseases like cardiovascular diseases, cancer, and neurological disorders and tocotrienol can help to manage and prevent such diseases. Also, consumers can afford premium products like tocotrienols due to the high rate of disposable income.
Some of The Leading/Active Market Players Are-
- Davos Life Science Pte Ltd (Singapore)
- Eannatto Tocotrienols (United States)
- Vance Group Ltd (United States)
- Nestlé S.A. (Switzerland)
- Advanced Malaysia Palm Oil Product (Malaysia)
- Cipla Limited (India)
- Dabur India Limited (India)
- Bharat Phytoceuticals Pvt Ltd (India)
- Fuji Chemical Industries Co., Ltd. (Japan)
- Surya Herbal Limited (India)
- Marico Limited (India)
- Honson Pharmatech Group Ltd. (Canada)
- Nutralliance (USA)
- PhytoGaia (USA)
- Amway (USA)
- Malaysia Nutraceuticals Association (Malaysia)
- Carotech Berhad (Malaysia)
- Pure Nutrition (India)
- Anthem Biosciences Pvt. Ltd. (India)
- Nulife Pharmaceuticals (India)
- Orah Nutrichem Pvt Ltd (India)
- Davinci Biosciences LLC (United States)
- American River Nutrition, Inc. (United States)
- Sime Darby Oils (Malaysia)
- Tocomin (Malaysia) and Other active players
Key Industry Developments
- In October 2023, PhytoGaia launches its new ingredients, TocoGaia and STGaia. TocoGaia features tocotrienols that support skin nutrition and anti-aging and STGaia combines natural squalene and tocotrienol, for oral and topical skin care.
- In January 2021, Orah Nutrichem successfully launched ORAH Vit E. These are tocotrienol-based natural anti-oxidants. It can be used in soaps, creams, lotions, serums, lipstick etc.
- In November 2021, Otsuka Pharmaceutical Co. Ltd. launched the tocoelle supplement. This helps to provide gentle support for pre-menstrual support.
Key Findings of the Study
- Global Tocotrienol market growth driven by increasing consumer awareness about health benefits and supplements.
- Tocotrienols are a form of vitamin E, which is a group of fat-soluble compounds found naturally in certain vegetable oils, nuts, seeds, and grains.
- Various functional food products, such as energy bars, cereals, and beverages are better options for easy consumption.
- Alpha-tocotrienol is more easily absorbed, easily available, and utilized by the body.
- The North American market is well-developed for manufacturers of tocotrienol-rich products boosting the growth of the tocotrienol market.
