- The worldwide tocotrienol market is experiencing huge expansion and estimated to continue similarly over the forecast phase. This is due to increasing applications of tocotrienol in pharmaceutical and medical industries. Tocotrienol belongs to the family of Vitamin E and is present in rice bran and palm oil, wheat germs, and other natural composites.
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Vitamin E is a necessary food ingredient for humans and consists of four tocopherols and four tocotrienols. Tocotrienols have outstanding anti-oxidant features which work really well for the market and steer it forward. This feature, in fact, is anticipated to drive the tocotrienol market over the forecast phase and offer it a contending edge over others.
The product faces huge demand from the medical industry due to its distinctive remedial attributes. It checks aging and skin wrinkling which has opened development prospects for the market during the aforementioned phase. Rising applications of this product in the sectors of personal care and aesthetics would also steer market sales.
The anti-inflammatory and UVB safety characteristics of tocotrienols also augur well for the market and promote its sales. Enhanced demand for this composite from skin care products is also predicted to propel demand for the tocotrienol market. Furthermore, it also finds applications in the sector of oncology. The product destroys cancer cells, treats arterial- obstruction, and reduces high-cholesterol.
Research and development activities in relation to the applications of tocotrienols in obesity, gastric injury, and life extension products are also projected to steer market incomes during the forecast phase. The composite checks nerve injury and brain stroke. Despite the multiple benefits provided by it, less natural availability and high prices may obstruct the market.
Surging demand for personal and skin care products in India, China, and Mexico will add revenues to the global market. Beauty and healthcare products are going to face massive demand from Africa. This will contribute added sales for the market. Augmented health apprehensions with regard to poor living styles and eating habits are also driving the tocotrienol market ahead. The market is fragmented owing to the existence of multiple players.
Some of these players include Dupont, BASF, Cayman Chemical, A.C. Grace Company, and Allergy Research Group.
Information Source: Grand View Research
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