Surging Demand for Tocopherol in Animal Feed is Augmenting the Global Tocopherol Market Growth
"Browse 45 market Data Tables and 46 Figures spread over 149 Pages, along with an in-depth TOC on Global Tocopherol Market Forecast 2020-2028."
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Tocopherols are natural antioxidants largely used in the food industry, cosmetics and animal nutrition, owing to their great ability to prevent oxidation, extending shelf-life of food products. Natural tocopherols are safe, effective, and easy-to-transport antioxidants. Since tocopherols are non-toxic components, they are accepted globally, and there are no limits to their use. There has been a surging demand for organic products, and this natural antioxidant is permitted to be used in low doses. Naturally procured vitamin E, such as d-alpha-tocopherol, is derived from vegetable oil, majorly from sunflower, soybean, rapeseed, corn, and has the capability to be absorbed easily by the human body. The liver recognizes the natural d-alpha-tocopherol and gives it priority over synthetic vitamin E.
Soaring Demand for Tocopherol in Animal Feed Drives Market Growth
Antioxidants are vital for the immune defense system and the health of animals. Antioxidants are added to animal feed to enhance the shelf-life of meat. Vitamin E is a necessary component of livestock diets. Vitamin E cannot be synthesized by animals. Therefore, the use of tocopherol is increasing in animal diets. Tocopherol is essential in animal nutrition to protect them from malnutrition and pathogen. It helps to improve the quality of eggs and meat. Extra tocopherol supplement is recommended for animals with liver and kidney problems. The increasing demand for poultry, meat, and processed meat products, is anticipated to drive the animal feed market, thereby boosting the sale of tocopherols.
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Soybean Oil - Source Segment Harbored the Largest Revenue Share
Soybean oil is one of the most widely used vegetable oils across the world. It consists of various fatty acids that are beneficial for human health, and thus considered healthier compared to other vegetable oils. The high content of tocopherol in soybean oil increases its antioxidant potential. The tocotrienol is widely utilized in the cosmetics industry, which helps in the removal of blemishes, sunburns, acne, and facilitates the development of new cells. It improves the immune system and helps the body to fight cancer, heart disease, premature aging, and cognitive disorders. Soybean oil is used in many industrial applications for the extraction of tocopherol to meet the surging demand of consumers for natural antioxidants instead of synthetic ones.
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Asia Pacific - The Dominating and Leading Region in terms of Revenue
The region of Asia Pacific is predicted to register the highest CAGR and hold the largest revenue share throughout the forecast period. The increasing consumer demand for natural sources of vitamins and nutrients that can be used as nutritional supplements for humans and animals, and rising urban income has led to the growth in tocopherols demand.
The market boasts of leading manufacturers of vitamin E and natural tocopherols. There is a high degree of transparency in the market, owing to the implementation of regulations and the need for ingredient information. The capital intensive market has relatively high entry and exit barriers, and competitive rivalry is moderate in the market. The renowned players of the innovation-driven market are BASF SE, Zhejiang Worldbestve Biotechnology Co Ltd, E. I. du Pont de Nemours and Company, Davos Life Science Pte Ltd, etc.
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GLOBAL ANIMAL NUTRITION MARKET
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