Worldwide mixed tocopherols market was valued over 83,200 tons in 2014. Rising vitamin E consumption in food dietary supplements due to augmenting health concerns is likely to drive industry growth over the forecast period.
Ability of vitamin E is to dissolve indigestive fat to avoid heart and blood vessels disease involving chest pain, heart attack, high blood pressure, hardening of articles and heart attack. Additionally, this has improved mixed tecopherols market demand over the forecast period.
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Health benefits associated with Vitamin E for curing disease and deficiency like colorectal, lung, pancreatic and oral cancer is also projected to drive mixed tocopherols market growth. Mixture of several tocopherols such as gamma, delta, beta and alpha are commercially available types of mixed tocopherols. In 2014, Alpha rich segment led the market in terms of consumption with total demand of over 30 kilo tons. Alpha rich is chiefly being used in animal feed industry especially in Europe.
Gamma rich is projected to undergo rapid growth over the forecast period. This segment is anticipated to cross over USD 1,450 million by 2022. Furthermore, it will grow at an estimated CAGR of over 5% in terms of value from 2015 to 2022.
The product is progressively more used in dietary supplements on account of high nutritional value provided in food& beverage industry. Expanding food supplements & Nutricosmetics especially in regions like Mexico is expected to boost the product demand over the forecast period.
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Based on application, animal feed led the worldwide market contributing for over 40% of the volume share and is likely to be the rapid growing application segment over the forecast period. Furthermore, rising meat consumption mainly in regions like Brazil, U.S and china may be attributed to the growth of the animal feed application.
Cosmetics are likely to experience high growth due to augmenting demand of vitamin E in organic personal care products. Also, this segment is estimated to grow at a CAGR of over 3.5% from 2015 to 2022. Furthermore, increase in Nutricosmetics consumption in emerging economies like U.S, china, Vietnam and U.K is projected to encourage market penetration over the coming years.
On the basis of geography, Asia Pacific dominated the overall market demand contributing over 32% of the volume share in 2014 and is further predictable to remain the key regional segment.
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