Global Tocopherols Market Report and Forecast 2024-2032

Global Tocopherols Market Outlook

The global tocopherols market size was valued at USD 1.72 billion in 2023, driven by the surging demand for different beauty products, growing urbanisation, and increasing health consciousness. The market is anticipated to grow at a CAGR of 7.8% during the forecast period 2024-2032 to reach a value of USD 3.39 billion by 2032.

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North America to a Hold Substantial Share in the Market Growth of Tocopherols

North America is anticipated to hold a substantial share in the tocopherols market owing to the surging awareness about a healthy diet and the significance of Vitamin E. The increasing demand from feed, functional foods, and dietary supplements sectors especially in the United States, is likely to fuel the market growth of tocopherols.

The health benefits of Vitamin E reduce the probability of pregnancy-related disorders which is likely to enhance the demand for tocopherol in the region. In the United States, the demand for tocopherol is expected to be fuelled by the food and beverage industry. There is high consumption of organic and fortified foods like cereals, spreads, and fruit juices by the industry.

Meanwhile, the Asia Pacific region is expected to grow at a good pace in the tocopherols market. This is attributed to the rapid growth of dietary supplements, animal feed, and pharmaceutical innovations in major economies like Japan, India, and China.

Market Segmentation

Tocopherols are regarded as one of the most significant compounds of free radical scavenging antioxidants that are commonly found in biological tissues and foods. The compounds are amphipathic and contain a hydrophilic chromanol ring coupled with a hydrophobic side chain. They are discoverable in several combinations in tissues of plants.

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By type, the tocopherols market is divided into:

• Alpha Tocopherol

• Beta Tocopherol

• Gamma Tocopherol

• Delta Tocopherol

• Mixed Tocopherol

Based on source, the market is categorised into:

• Soybean Oil

• Corn Oil

• Sunflower Oil

• Rapeseed Oil

• Others

By form, the market is segmented into:

• Powder

• Liquid or Oil

On the basis of application, the market is segregated into:

• Food and Beverage

• Feed

• Pharmaceuticals and Dietary Supplements

• Cosmetics and Personal Care

• Others

The EMR report looks into the regional markets of tocopherols like Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.

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Rapid Growth in Alpha Tocopherols segment to Fuel the Market Growth of Tocopherols

Based on type, the alpha tocopherols segment is anticipated to register robust market growth during the forecast period. This is owing to the extensive utilisation of alpha tocopherols in medical formulations and projected use in supplements for bone and joint health problems. There is also an increasing demand for alpha tocopherols in beauty and skincare products as it helps protect skin against the harmful effects of UV rays while fighting free radicals.

On the basis of source, the soybean oil segment is expected to boost the tocopherols market on account of the significant production of soybean across the globe. Additionally, there is a high concentration of tocopherols in soybean oil. Increasing usage of tocopherols in dietary supplements and fortification of foods & beverages is further expected to propel the market growth of tocopherols across the globe.

Key Players in the Global Market for Tocopherols

The report presents a detailed analysis of the following key players in the global tocopherols market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Archer Daniels Midland

• Cargill Inc. 

• DuPont Danisco 

• Merck KGaA

• BASF SE

• Royal DSM

• Advanced Organic Materials SA 

• BTSA 

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report