Global tocotrienol market is witnessing a high growth over the forecast period on account of its rising applications in healthcare and pharmaceutical industry. The product is a member of vitamin E family and found in palm oil and rice bran oil, wheat germ, and other natural compounds.
Vitamin E is an essential nutrient for the body and made up of four tocotrienol and four tocopherols. Exceptional product characteristics including excellent antioxidant property in tocotrienols that are not found in tocopherols are expected to offer the product a distinctive competitive advantage in the market over the forecast period.
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Palm oil contains around 70% tocotrienol, and hence is increasingly being utilized as a major source to derive the product for end-use applications including personal care and healthcare. The product has four structures, which include alpha, beta, gamma, and delta. Alpha type has huge demand from medical sector owing to its unique therapeutic properties. The compound provides preventive options for aging such as skin wrinkles, which is expected to open new opportunities in the field over the forecast period.
Increasing application scope and growing demand for vitamin E from cosmetic industry are expected to propel demand over the forecast period. The compound is used in skin care products to prevent UVB damage from sun. Further, the product offers anti-inflammatory and anti-oxidant properties, which are expected to increase demand from personal care segment. Rising demand for anti-aging products including skin creams, moisturizers, and face packs, especially among consumers aged 40 and above is expected to promote the global tocotrienol market in the near future.
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Consumer concerns related to toxic chemical additives in food, personal care, and beverages are expected to fuel rapid growth in sales of vitamin E. Rising demands for nutritional and wellness product are expected to propel the demand for natural antioxidants over the forecast period.
The compound has numerous applications in medical sector on account of its anti-cancer and cancer suppression properties. Further, the product has the ability to reverse arterial blockage and possesses cholesterol lowering capacity, which are expected to propel the demand. Emerging R&D related to applications of the compound in angiogenesis, gastric injury, obesity, and life expansion products is expected to trigger market demand over the forecast period. It can prevent brain stroke and nerve damage. However, high product cost and lower natural abundance are likely to hinder the tocotrienol market.
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