The mixed tocopherols market is projected to reach USD 5.27 Billion by 2022, at a CAGR of 5.4% from 2016. Mixed tocopherols have a significant impact on the industries such as food & beverage, feed manufacturing, cosmetics, pharmaceutical, and dietary supplements; this has led to their high demand across the globe.
The years considered for the study are as follows:
The global market, based on compound, has been segmented into alpha tocopherols, beta tocopherols, gamma tocopherols, and delta tocopherols. Gamma tocopherols dominated the market for mixed tocopherols in terms of both, value and volume, in 2015. The gamma tocopherols segment is also projected to grow at the highest CAGR of 5.8%, in terms of value. It has multiple health benefits, such as protection against atherosclerosis, anti-cancer properties, and prevention of cardiovascular diseases and prostate cancer.
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The global market, based on function, has been segmented into antioxidant, preservative, nutrient stabilizer, and flavor protectors. The antioxidant segment accounted for the largest share in functions of mixed tocopherols. Mixed tocopherols work as natural preservatives and can be used to keep food fresh and healthy for a long time. They are resistant to high temperature, have low volatility, and good solubility in fats, which enhances their property as preservatives. They are hence used in applications such as baked goods and cereals. Mixed tocopherols, as preservatives, are projected to grow at the highest CAGR from 2016 to 2022.
The global market, based on application, has been segmented into food & beverages, feed, dietary supplements, pharmaceuticals, and cosmetics. The feed industry was the most dominant in 2015 followed by dietary supplements. The cosmetics industry showed the highest growth rate. The increase in cases of chronic diseases has driven the demand for mixed tocopherols in major application segments such as dietary supplements and pharmaceuticals.
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The mixed tocopherols market in Asia-Pacific is projected to grow at the highest CAGR during the forecast period. Key drivers for the growth of this market include increase in disposable incomes, growth in demand from developing, populous countries such as China, Japan, South Korea, and India, and the shift of global population to healthy and natural nutrients and vitamins.
Key players in the mixed tocopherol market are BASF SE (Germany), DSM N.V. (Netherlands), Archer Daniels Midland Company (U.S.), Nutralliance (U.S.). Vitae Caps (Spain), Sigma-Aldrich Co. LLC. (U.S.) and Cargill, Incorporated (U.S.).