Tocotrienol Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 356.40 Million |
| Market Size (2029) | USD 495.10 Million |
| CAGR (2024 - 2029) | 6.79 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
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*Disclaimer: Major Players sorted in no particular order |
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Tocotrienol Market Analysis
The Tocotrienol Market size is estimated at USD 356.40 million in 2024, and is expected to reach USD 495.10 million by 2029, growing at a CAGR of 6.79% during the forecast period (2024-2029).
Increasing consumer awareness and interest in health and wellness drive demand for dietary supplements with tocotrienol. Consumers are seeking natural, functional ingredients that support various aspects of health, including obesity, diabetes, heart health, brain health, and antioxidant protection. In addition, due to their antioxidant and anti-aging properties, tocotrienols are gaining traction as ingredients in cosmetic and personal care products. The increasing focus on natural and plant-derived ingredients further drives demand for tocotrienol in skincare formulations. Consumers increasingly seek natural alternatives to synthetic chemicals due to their potent antioxidant properties. Thus, manufacturers launch innovative products to capitalize on customers' interest. For instance, in February 2022, Orah Nutrichem Pvt. Ltd, an India-based Vitamin E manufacturer, launched its tocotrienol-based natural antioxidant ingredient, ORAH Vit E. The company claims the product is halal, ECOCERT-certified, and widely applied in cosmetics and personal care products. Key players are also focusing on increasing their expenditure on R&D activities to differentiate their offerings, giving them an upper hand.
Tocotrienol Market Trends
Awareness of Health Benefits Associated with Tocotrienol
The increasing focus on preventive health measures drives the demand for tocotrienol in disease management. Tocotrienol helps reduce oxidative stress and the risk of CVDs by neutralizing free radicals and protecting them from oxidation damage. Besides, tocotrienols have modulated cholesterol metabolism by inhibiting cholesterol synthesis and reducing low-density lipoprotein (LDL) cholesterol levels. In addition, the increasing prevalence of chronic NCDs, such as obesity and diabetes, has encouraged consumers to incorporate tocotrienol-rich food in their diets. Hence, players are launching ingredients that can be utilized in multiple industries. For instance, in August 2023, PhytoGaia launched TocoGaia, which has a high number of antioxidants and many cardiometabolic health benefits. TocoGaiaTM, a full spectrum of tocotrienols/tocopherol complex, could serve as an additional solution that may help patients suffering from Type-2 Diabetes Mellitus (T2DM) and may prevent cardiac mortality and micro-and macrovascular problems. The ingredient can be used in dietary supplements, functional food and beverages, and beauty and cosmetic products.
Asia Pacific Dominates the Market
Due to the rising demand for functional food and dietary supplements, China represents the biggest market for tocotrienol in the Asia-Pacific region. The rising prevalence of cardiovascular diseases primarily drives the increasing demand for tocotrienol-based nutritional supplements because of their potent health benefits.
The growing aging population is contributing to the demand for tocotrienol-based products in Japan. According to the Statistics Bureau of Japan, 29% of the population was above 60 in 2022. Tocotrienols benefit joint and heart health in older people by reducing inflammation and free radical damage and lowering cholesterol levels.
Favorable regulations governing dietary supplements and functional food in Malaysia facilitate consumer adoption of tocotrienol-enriched products. For instance, in January 2023, the Malaysian Ministry of Health authorized the use of palm tocotrienol-rich fractions and palm-based tocotrienol extracts to improve cognitive function and reduce oxidative stress.
Tocotrienol Industry Overview
The global tocotrienol market is competitive and comprises local and international competitors. BASF SE, Fuji Chemical Industries Co. Ltd, Yichun Dahaigui Life Science Co., Ltd, Mectech Process Engineers Pvt. Ltd, and ExcelVite Sdn. Bhd are some major players operating in the market studied that hold dominant positions. The players in the market compete using various strategies, ranging from expanding their production facilities to maintaining ingredient safety guidelines.
Tocotrienol Market Leaders
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BASF SE
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ExcelVite Inc.
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Fuji Chemical Industries Co. Ltd
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Yichun Dahaigui Life Science Co., Ltd
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Mectech Process Engineers Pvt. Ltd
*Disclaimer: Major Players sorted in no particular order
Tocotrienol Market News
- August 2023: PhytoGaia launched TocoGaia, which has many antioxidants and cardiometabolic health benefits. TocoGaiaTM, a full spectrum of tocotrienols/tocopherol complex, could serve as an additional solution that may help patients suffering from Type-2 Diabetes Mellitus (T2DM) and may prevent cardiac mortality and micro-and macrovascular problems. The ingredient can be used in dietary supplements, functional food and beverages, and beauty and cosmetic products.
- June 2023: PhytoGaia created a natural plant squalene and tocotrienol complex for topical skin beauty and oral care. The complex offered complementary benefits for personal care, providing topical and oral cosmeceuticals for skin care. Squalene moisturizes and smooths the skin, while tocotrienol is a super vitamin E with antioxidant, anti-aging, and hair health properties.
- October 2022: PhytoGaia launched two new branded ingredients, TocoGaia and STGaia, at SupplySide West. TocoGaia and STGaia were extracted from sustainably sourced palm fruits through physical processes without using harmful solvents and methyl ester residue. Both ingredients were available as an oil suspension, water-dispersible powder, and self-emulsifying liquid suspension, which is compatible with human nutrition, personal care, food and beverage, pet nutrition, and animal health.
Tocotrienol Market Report - Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Awareness of Health Benefits Associated with Tocotrienol
- 4.1.2 Escalating Demand for Anti-Aging Products Containing Tocotrienol
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4.2 Market Restraints
- 4.2.1 Availability of Substitutes
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4.3 Porter's Five Force Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Application
- 5.1.1 Dietary Supplements
- 5.1.2 Cosmetics and Personal Care
- 5.1.3 Others
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Rest of North America
- 5.2.2 Europe
- 5.2.2.1 United Kingdom
- 5.2.2.2 Germany
- 5.2.2.3 Russia
- 5.2.2.4 Rest of Europe
- 5.2.3 Asia Pacific
- 5.2.3.1 Malaysia
- 5.2.3.2 China
- 5.2.3.3 Japan
- 5.2.3.4 Thailand
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 South America
- 5.2.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Positioning Analysis
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6.3 Company Profiles
- 6.3.1 BASF SE
- 6.3.2 American River Nutrition
- 6.3.3 Vance Group Ltd
- 6.3.4 Xi'an Healthful Biotechnology Co. Ltd
- 6.3.5 Yichun Dahaigui Life Science Co. Ltd
- 6.3.6 ExcelVite Sdn. Bhd.
- 6.3.7 Davos Life Science
- 6.3.8 Mectech Process Engineers Pvt. Ltd
- 6.3.9 Fuji Chemical Industries Co. Ltd
- 6.3.10 Phytogaia Sdn Bhd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Tocotrienol Industry Segmentation
Tocotrienols are compounds naturally occurring at higher levels in vegetable oils, including palm, rice bran, wheat germ, barley, annatto, and certain types of seeds, nuts, and grains.
The global tocotrienol market is segmented by type and application. Based on the application, the market is segmented by dietary supplements, cosmetics and personal care, and others. Based on geography, the study provides an analysis of the tocotrienol market in emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| By Application | Dietary Supplements | |
| Cosmetics and Personal Care | ||
| Others | ||
| Geography | North America | United States |
| Rest of North America | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| Russia | ||
| Rest of Europe | ||
| Geography | Asia Pacific | Malaysia |
| China | ||
| Japan | ||
| Thailand | ||
| Rest of Asia-Pacific | ||
| Geography | South America | |
| Middle East and Africa |
Tocotrienol Market Research FAQs
How big is the Tocotrienol Market?
The Tocotrienol Market size is expected to reach USD 356.40 million in 2024 and grow at a CAGR of 6.79% to reach USD 495.10 million by 2029.
What is the current Tocotrienol Market size?
In 2024, the Tocotrienol Market size is expected to reach USD 356.40 million.
Who are the key players in Tocotrienol Market?
BASF SE, ExcelVite Inc., Fuji Chemical Industries Co. Ltd, Yichun Dahaigui Life Science Co., Ltd and Mectech Process Engineers Pvt. Ltd are the major companies operating in the Tocotrienol Market.
Which is the fastest growing region in Tocotrienol Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Tocotrienol Market?
In 2024, the Asia Pacific accounts for the largest market share in Tocotrienol Market.
What years does this Tocotrienol Market cover, and what was the market size in 2023?
In 2023, the Tocotrienol Market size was estimated at USD 332.20 million. The report covers the Tocotrienol Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Tocotrienol Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Tocotrienol Industry Report
Statistics for the 2024 Tocotrienol market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Tocotrienol analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
