The global tocotrienol market size is expected to reach USD
387.6 million by 2024, expanding at a CAGR of 7.2%, according to a new
report by Grand View Research, Inc. Increasing penetration of tocotrienols in
the pharmaceutical industry owing to properties such as anti-cancer and lowering
triglyceride is expected remain a key driving factor over the forecast period.
Vitamin E derived
tocotrienol exhibits antioxidant properties that further help to reduce
heart-related diseases along with cancer. It is also reported that these
products inhibit the growth of breast cancer cells. Such factors are expected
to aid the market growth over the forecast period.
Tocotrienols are
“generally recognized as safe (GRAS)” substance and can be used as an additive
in dietary supplements. Rising concern regarding unhealthy lifestyle along with
improper diet among consumers is anticipated to assist the demand over the next
eight years.
Nevertheless, potential
health benefits, imparted by tocotrienols, are far more important compared to
its price level. Researchers developed a new medicine named EVNolSupraBio,
which helps in curing Alzheimer’s disease if taken twice daily. As a result, it
might save people against heart strokes coupled with cognitive health
illnesses. Such R&D initiatives are expected to create ample opportunities
and unlock potential applications for the market.
For full research report on Tocotrienol
Market visit here:
https://www.grandviewresearch.com/industry-analysis/tocotrienol-market
Further key findings from the report
suggest:
- The global tocotrienol market demand is projected
reach 986.9 kilo tons by 2024, growing at a CAGR of 7.2% from 2016 to 2024
- Alpha tocotrienol was the leading product segment
and accounted for over 55% of total market volume in 2015. Delta
tocotrienol is presumed to grow at an estimated CAGR of 6.3% over the
forecast period. They help in the suppression of cell proliferation in
pancreatic cancer cells, which is expected to drive the product demand in
the pharmaceutical market over the next eight years.
- Pharmaceutical segment is presumed to be the fastest
growing end-use segment growing at an estimated CAGR of 6.6% from 2016 to
2024. Tocotrienol is used as an additive in tablet formulation and also
helps in treating diseases such as liver cancer &prostate cancer.
- North America was the leading regional market and
accounted for 59.8% of global demand in 2015. Asia Pacific is expected to
be the fastest growing region over next eight years.
- Rising number of cardiovascular diseases coupled
with shifting preferences among consumers towards a healthier lifestyle in
the region is presumed to benefit the overall market growth.
- The industry is highly competitive with the top four
companies accounting for a majority in the global market. Industry growth
is influenced by consumer demand for functional food and diet supplements.
- Key companies in the industry include SourceOne, AC
Grace company, Orochem, Parachem Fine & Specialty Chemicals, Vance
Group, American River Nutrition, and Palm Nutraceuticals Sdn Bhd.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/tocotrienol-market/request/rs1
Grand View Research has segmented the global tocotrienol
market on the basis of product, end-use and region:
Tocotrienol Product Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2024)
- Alpha
- Beta
- Gamma
- Delta
Tocotrienol End-Use Outlook (Volume, Tons,
Revenue; USD Million, 2014 - 2024)
- Dietary Supplements
- Cosmetics
- Pharmaceuticals
- Others
Tocotrienols Regional Outlook (Volume,
Tons, Revenue; USD Million, 2014 - 2024)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Asia Pacific
- China
- India
- Middle East & Africa
- Central & South America
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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