Albany, New York, October 20, 2016: Market Research Reports Search Engine (MRRSE) has announced the addition of a new report to its report repository titled, “Mixed Tocopherol Market (Product – Alpha Tocopherols, Beta Tocopherols, Gamma Tocopherols, Delta Tocopherols; Application – Pharmaceuticals, Dietary Supplements, Animal Feed) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 -2024.” The study provides a comprehensive outlook of the dynamics that are likely to positively or negatively impact the global mixed tocopherol market. It further presents an analysis of the growth trajectory along with the projected volume and revenue growth of the market. The report also assesses the trends predominant in the global mixed tocopherol market.
According to the report, the global mixed tocopherol market is projected to expand at a CAGR of 4.6% from 2016 to 2024. In 2015, the market stood at US$2.03 bn and is projected to touch US$3.04 bn by the end of 2024. The demand for mixed tocopherols is likely to intensify over the forthcoming years as a result of the growing health consciousness among consumers across the globe.
Mounting Use of Mixed Tocopherols as Animal Feed Additive to Augment Market Growth
The animal feed industry is experiencing strong growth and is likely to develop at a promising rate over the forecast period. As a result of this, the demand for mixed tocopherols is rising substantially in the manufacturing of animal feed. The animal feed application segment held the leading share of 39% and was worth US$799.0 mn in 2015. Owing to the burgeoning demand for quality pork and meat across the world, the consumption of mixed tocopherols is also expected to increase. The animal feed segment is thus anticipated to witness a CAGR of 4.5% from 2016 to 2024.
However, the rising application of mixed tocopherol in cosmetics, vitamin fortified food products, dietary supplements, and pharmaceuticals is further projected to bode well for the growth of the market. The use of mixed tocopherols for health conditions such as Huntington’s chorea, Parkinson’s disease, cancer, restless leg syndrome, and various neurogenic problems is another factor that is expected to drive the growth of the market until 2024.
Asia Pacific to Surge Ahead of North America and Europe in terms of Consumption
The regions that are at the forefront in the consumption of mixed tocopherols are North America and Europe. In 2015, they collectively accounted for a share of approximately 60%. The growth of the mixed tocopherol market in Europe can be attributed to the growing consumption of mixed tocopherols in the food and pharmaceuticals industries. However, it is projected that Asia Pacific will exhibit strong growth and is likely to surge ahead of Europe and North America over the next couple of years. The proliferating use of mixed tocopherols in industries such as cosmetics, pharmaceuticals, and animal feed and the availability of less expensive raw materials are factors that are likely to aid the growth of the market in Asia Pacific Market.
Browse Full Global Mixed Tocopherol Market Report with TOC:http://www.mrrse.com/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. The key companies 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. among others.
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