Press release
Industry Growth Opportunities: Mixed Tocopherol Market - Opportunities, Strategies, Industry Verticals Forecast to 2024
A rapid increase in the consumption of mixed tocopherols is predicted to occur during the upcoming years owing to a dramatic rise in geriatric population.
Primary objectives of most companies in this market involve carrying out extensive research and developmental activities.
In spite of a consolidated scenario, the global mixed tocopherol market is expected to become notably fragmented owing to a large of players entering the vendor landscape in the near future.
Apart from the companies mentioned above, the global mixed tocopherol market encompasses businesses such as B&D Nutritional Ingredients, Inc., Advance Organic Material S.A., and Davos Life Science Pte Ltd.
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The global tocopherol market had gained revenue worth US$2.0 bn in 2015, which is further expected to grow up to US$3.0 bn by 2024. This growth is projected to occur at an impressive CAGR of 4.6% during the forecast period from 2016 to 2024.
Rapid Rise in Healthcare Scenarios Boosts Growth in Market
A rapid increase in the consumption of mixed tocopherols is predicted to occur during the upcoming years owing to a dramatic rise in geriatric population. This is mainly because of a high need of the tocopherol to strengthen bones in old aged people. Apart from this factor, rising demand for mixed tocopherols is mainly occurring owing to a growing awareness about maintenance of health and well-being among the masses all over the world. A surge in the purchasing rate of health supplements containing tocopherols is driving the global mixed tocopherol market too. This is mainly occurring thanks to an increase in health enthusiasts that depend on various health supplements to achieve their targets. From an overall perspective, the global tocopherol market is projected to grow extensively during the forthcoming years, as healthcare gets a boost.
Fluctuation in Raw Material Availability Hampers Market’s Expansion
However, this market is experiencing significant volatility in raw material availability and prices of the same. This has further caused an imbalance in demand and supply of the tocopherol products, consequently hindering the global mixed tocopherol market’s growth. Also, the demand for these compounds has decreased in some regions owing to such fluctuation in demand and supply. The market is characterized by a capital-driven scenario in terms of production of mixed tocopherols. Thus, small companies having less capital might not be able to invest a lot of money in the market, thereby failing short of succeeding. Nevertheless, many players are expected to introduce cost-effective tocopherol production techniques, consequently reducing effects of the restraints acting on the global mixed tocopherol market.
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The global mixed tocopherols market is expected to showcase substantial consolidation, owing to an emerging vendor landscape, coupled with a handful of players owning maximum shares. Rather, market experts say that DSM N.V., Davos Life Sciences, COFCO Tech Bio Engineering, Archer Daniels Midlands Company, and BASF SE held at least 65.0% shares in 2015. Primary objectives of most companies in this market involve carrying out extensive research and developmental activities. Achieving innovations with regards to tocepherol manufacturing processes to is a significant aim of businesses working in this sector.
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