The evidence that mixed tocopherols can prevent diseases such as oral cancer, lung cancer, Huntington’s chorea, restless leg syndrome, neurogenic problems, and Parkinson’s disease has increased their consumption in the pharmaceutical industry over the last couple of years. Tocopherols, also known as vitamin E, occurs naturally and is generally obtained from a wide variety of food products and vegetable oils such as tomatoes, almonds, nuts, and spinach. The key driver of the global mixed tocopherols market is the growing consciousness among consumers regarding health. Moreover, mixed tocopherols are anticipated to gain popularity in industries such as cosmetics and food to manufacture Vitamin E fortified products.
Browse the full Global Mixed Tocopherol Market Report:http://www.mrrse.com/mixed-tocopherols-market
The rising global geriatric population coupled with the growing demand for health supplement products are factors that are further anticipated to accelerate the sales of mixed tocopherols over the forecast period. The global mixed tocopherols market is anticipated to rise at a CAGR of 4.6% from 2016 to 2024. In 2015, the market stood at a valuation of US$2.03 bn and is projected to touch US$3.04 bn by the end of 2024.
Animal Feed Industry to Lead in terms of Consumption of Mixed Tocopherols
Companies operating in the global mixed tocopherols market can expect lucrative opportunities from the growing application of mixed tocopherols in the animal feed industry. Mixed tocopherols are added in animal feed to prevent malnutrition in animals and protect them from harmful pathogens. The demand for mixed tocopherols is further anticipated to rise in the animal feed industry owing to growing concerns regarding heat stress in animals. As a result, a prescribed amount of mixed tocopherols is added in animal feeds to prevent animals from the adverse effects of severe heat. This, in turn, also prevents degradation of egg production, egg shell density, and egg weight. Additionally, mixed tocopherols, when added in animal feed helps in increasing immunity power and improving skin, nail, hair, and meat quality. The animal feed segment is expected to rise at a CAGR of 4.5% from 2016 to 2024 in the global mixed tocopherols market.
Growing Cancer Cases to Boost Consumption of Gamma Tocopherols
On the basis of product, the global mixed tocopherols market is segmented into delta, gamma, beta, and alpha tocopherols. Among these products, gamma tocopherols emerged dominant with a share of nearly 38% in 2015. It is projected to witness strong growth and is likely to rise at a CAGR of 5.2% during the forecast period. The growth of the gamma tocopherols product segment can be attributed to the high demand from the pharmaceuticals industry for the manufacturing of drugs for atherosclerosis, cancer, and Alzheimer’s disease. An alarming rise in the number of cancer cases worldwide is expected to further intensify the demand for gamma tocopherols over the next couple of years.
Asia Pacific to Gain Competitive Edge in Terms of Consumption of Mixed Tocopherols
North America and Europe collectively led the global mixed tocopherols market with a share of 60% in 2015. However, Asia Pacific is expected to gain a competitive edge over the two markets and is projected to witness strong growth in the forthcoming years. The market for mixed tocopherols in Asia Pacific is likely to benefit from the availability of less expensive raw materials in the region and the growing consumption of a variety of mixed tocopherols in pharmaceuticals, cosmetics, and animal feeds industries.
Browse the full Press Release of Global Mixed Tocopherol Market at :http://www.mrrse.com/global-mixed-tocopherols-market
The global mixed tocopherol market is highly consolidated as the five leading players accounted for a share of more than 65% in 2015. Some of the key players operating in the market are Davos Life Science Pte Ltd., Archer Daniels Midlands Company, BASF S.E., B&D Nutritional Ingredients Inc., and DSM N.V.