Mixed Tocopherols Market: Drivers, Restraints, Opportunities, and Challenges
The report "Mixed Tocopherols Market by Source (Soybean Oil, Rapeseed Oil, Sunflower Oil, and Corn Oil), Function, Compound, Form, Application (Food & Beverage, Feed, Dietary Supplements, Pharmaceuticals, and Cosmetics), and Region - Global Forecast to 2022", is projected to reach USD 5.27 Billion by 2022, at a CAGR of 5.4% from 2016. The market is driven by factors such as increase in demand for natural sources of nutrients and vitamins, rise in disposable incomes and various health benefits associated with mixed tocopherols. High growth potential in the emerging markets and untapped regions provides new growth opportunities for the market players.
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The rising demand in emerging economies, rising number of government initiatives, and growth in various food & beverage applications are expected to create new growth opportunities for the mixed tocopherols market.
Food & beverage
Mixed tocopherols are used in food & beverage products to fortify them with vitamin E. When added in food & beverage products, they increase their nutritive value. Mixed tocopherols are used in food & beverage products as they act as antioxidants, which help prevent oxidation in cells, reduce the risk of cell degradation, and prevent diseases such as cancer. They are used in food & beverage applications such as baked goods, cereals, dehydrated potatoes, oils & fats, convenience foods, meat & egg products, nuts & seeds, and functional foods & beverages.
Feed
Since mixed tocopherols are an excellent source of vitamin E and fat-soluble in nature, they can easily blend with feed. An approved amount of mixed tocopherols in feed prevents the ill-effects of severe heat stress on egg production, egg weight, and eggshell density. They also help in the formation of eicosanoids in the membrane, which is a potent inflammation inducer. Mixed tocopherols combined in feeds aids in increasing the overall immunity, meat, skin, nail, and fur quality in animals.
Dietary Supplements
Mixed tocopherols are the most biologically active forms of vitamin E. They help in preventing heart diseases; due to their antioxidant properties, they disrupt a chain of events that lead to plaque build-up in the arteries. They also support healthy blood vessel function and improve metabolism, faster healing, improving vision, and increasing immunity. They are known to prevent other chronic diseases and cancer. Tocopherols prevent the fats and fat-soluble vitamin A stored in the body from breaking down and combining with other substances that may become harmful to the body. Mixed tocopherols also help combat neurological disorders.
Pharmaceuticals
Globally, there is a significant rise in the number of people suffering from chronic ailments such as obesity, diabetes, blood pressure, and cardiovascular diseases. In 2002, the increasing instances of chronic diseases such as osteoporosis, cancer, cardiovascular diseases, hypertension, and diabetes due to the lack of essential nutrients, caused around 29 million deaths worldwide.
This scenario has led to rising demand for mixed tocopherols, which are widely used as a preventive medication for chronic diseases. Due to such incidences, the market for mixed tocopherols is projected to grow in the pharmaceutical application.
Cosmetics:
Mixed tocopherols are the most commonly used forms of vitamin E in cosmetic products. They have antioxidant properties, due to which they are gaining importance in cosmetics application. These properties of mixed tocopherols help to stabilize oxygen-sensitive ingredients in cosmetic formulations, protecting them against oxidation. Anti-oxidizing also helps in protection against skin aging. They provide protection against sun damage as well as repair sun damage. They stimulate collagen production and protect existing collagen by inhibiting matrix metalloproteinase [MMP] that degrades collagen. Mixed tocopherols have anti-inflammatory properties and increase the rate of wound healing. They also aid in increasing the shelf life of the products, as they act as natural preservatives.
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Significant growth in the mixed tocopherols market is observed in the Asia-Pacific region
Growth in the middle-class population in the region, with increase in disposable incomes and the demand for natural and nutrient foods are propelling the growth of the mixed tocopherols market. The per capita consumption of mixed tocopherols in the Asia-Pacific region is driven by growing economies such as China, India, Australia & New Zealand, Japan, and South Korea. A large number of multinational companies have expanded their footprint in these countries, which has also driven the market for mixed tocopherols.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as 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.), DuPont Danisco (U.S.), and Cargill, Incorporated(U.S.)