Tocotrienols are members of the vitamin E family. The vitamin E family include four tocotrienols and tocopherols that are alpha, beta, gamma, and delta. The European Scientific Committee on Food (SCF) declared that tocotrienols can be used as food ingredients as they prove to be good sources of vitamin E in dietary supplements. Tocotrienols offers various health benefits and are considered as a key ingredient for treatment of diseases such as diabetes, certain types of cancer, and cardiovascular disease. In addition, tocotrienols products help to hamper growth of breast cancer cells.
The global tocotrienol market report has been segmented on the basis of product, end-use, and region. On the basis of product, the market is segmented into alpha, beta, gamma, and delta. Alpha-tocotrienol segment is expected to account for highest share in the target market, owing to its antioxidant properties which are beneficial in the treatment of cardiovascular diseases.
On the basis of end-use, the market is segmented into dietary supplements, cosmetics, pharmaceuticals, and others. Pharmaceuticals segment is expected to account for highest share in the market, owing to properties of tocotrienols such as cancer prevention and treatment, cardiovascular disease, and stroke management.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be the highest share in terms of revenue over the forecast period, owing to increasing demand for dietary supplements, individual’s preference towards healthy food, and innovative product development in various countries in this region. The market in Asia Pacific is expected to register highest CAGR in terms of revenue, owing to rising awareness about various treatment options available in the market through tocotrienols in the region.
Key players operating in the global tocotrienol market include BASF SE, American River Nutrition Inc., Vance Group Ltd., SourceOne Global Partners, Orochem Technologies Inc., A.C. Grace Company, L.L.C., Cayman Chemical Company, Inc., Palm Nutraceuticals Sdn. Bhd., Supervitamins Sdn Bhd., and Davos Life Science Pte Ltd.