Mixed Tocopherol Market is Expected to Reach US$3 bn by 2024
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The global mixed tocopherols market has been foreseen in the TMR report to expand to a US$3.0 bn by the completion of 2024 at a 4.6% CAGR over the forecast tenure 2016-2024. In 2015, the market had been valued at a US$2.0 bn. Gamma tocopherols had been a leading product type segment in 2015 having secured a more than 38.0% share. By region, the market could be commanded by Europe taking cue from its US$0.6 bn worth in the same year.
Demand for Alpha Tocopherols for Reducing Bone Fractures Augurs Well
The consumption of mixed tocopherols has been predicted to see a rise in the coming years due to the increase in the size of the geriatric population globally. Another factor which could significantly up the demand for mixed tocopherols could be the growing awareness about physical wellbeing and healthcare. The geriatric population worldwide has been increasingly demanding alpha tocopherol supplements to decrease bone fractures. Other products such as health supplements enriched with tocopherols for gaining muscle mass and physical endurance have also been expected to reach a high level of popularity in the near future, especially among the younger population.
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A latest report in the American Journal of Clinical Nutrition has pointed out a 22.0% decrease in bone fractures due to the use of alpha tocopherol-based health supplements among adults. The journal also makes other claims that substantiate the prominence of alpha tocopherols. All of these factors could have a positive impact on the growth of the world mixed tocopherols market.
Insufficiency in Availability of Raw Materials and Volatile Prices Hinder Growth
During the past few years, the international mixed tocopherols market has faced challenges because of the lack in the supply of raw materials and their volatile prices. This has resulted into a great disparity in the demand and supply chain. Furthermore, the worldwide consumer demand for the compounds has witnessed a slack while sliding from a large scale. The intensely capital-intensive nature of producing mixed tocopherols from soybean deodorized distillate (DOD) could restrict new players to seek alternatives and enter into the field.
However, raw materials have been envisaged to be easily and cheaply available in developing countries, which could encourage an increasing development of manufacturing bases therein and a reduction in product costs. Such hot trends could have an important part to play in the furtherance of the international mixed tocopherols market.
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