Tocotrienol Market is expected to reach US$ 720.05 million by 2031

Rising Demand for Eyelash Extensions Bolsters Tocotrienol Market Growth

According to our latest study on "Tocotrienol Market Size and Forecast (2021–2031), Global and Regional Growth Opportunity Analysis – by Type and Application," the market is expected to grow from US$ 457.22 million in 2023 to US$ 720.05 million by 2031; it is estimated to register a CAGR of 5.8% from 2023 to 2031. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Tocotrienols are a form of vitamin E and have gathered attention for their antioxidant properties, which are significantly stronger than those of tocopherols. Tocotrienols have many applications across multiple end-use industries, including food & beverages, dietary supplements, and personal care. In the food & beverages industry, they are used as fortified and functional ingredients in various products such as bakery products, meal replacements, fortified dairy, and functional and fortified juices. Tocotrienols help in managing cardiovascular diseases, reducing inflammation, and protecting against oxidative stress. With the increasing awareness regarding these health benefits, manufacturers are incorporating tocotrienols in various food and beverage products. Further, the rising interest in natural ingredients and the desire for products that offer additional benefits beyond essential nutrition propel its demand. The inclusion of tocotrienols in food and beverages aligns with consumer preferences for healthier, functional, and nutritionally enhanced products, driving its demand in the food & beverages industry. 

Tocotrienol Market Breakdown – by Region

The heightened efficacy in neutralizing free radicals and protecting cells from oxidative stress makes tocotrienols highly valuable in the nutraceuticals and dietary supplements market, where consumers are increasingly seeking products that support overall health and wellness. In addition, manufacturers are incorporating tocotrienols in supplements to fulfill consumer demand and expand their product portfolio. In November 2021, Otsuka Pharmaceutical Co., Ltd announced the launch of Tocoelle, a supplement to support women bothered by premenstrual hormonal fluctuations.

Tocotrienols are also being used in the personal care industry owing to their antiaging and skin protection properties. They can penetrate deeper into the skin compared to tocopherols, making them the preferred ingredient in antiaging creams, serums, and other skincare products. Thus, a wide range of applications of tocotrienols in industries such as food & beverages, dietary supplements, and cosmetics drives the tocotrienol market growth.

The tocotrienol market analysis has been performed by considering the following segments—type and application. Based on type, the market is segmented into alpha, beta, gamma, delta, and complex. The complex segment is anticipated to hold a significant tocotrienol market share by 2031.

The tocotrienol market report emphasizes the key factors driving the market. Tocotrienols are gaining popularity as they support cardiovascular health by assisting in lowering cholesterol levels and reducing arterial plaque buildup. It is appealing to the aging population and individuals at risk of heart disease, who are increasingly seeking natural solutions to maintain their heart health. Associations and organizations are engaged in research activities to explore more benefits of tocotrienols. For instance, the research conducted by Clinical Applications of Scientific Innovations states that vitamin E tocotrienols help promote healthy inflammatory responses, which may support cardiovascular health and prevent age-related diseases. As scientific studies continue to highlight these benefits, consumers' trust and interest in tocotrienols are growing, leading to a surge in demand for tocotrienol-enriched products.

In terms of revenue, Asia Pacific dominated the tocotrienol market share in 2023. China presents a major market for tocotrienol in Asia Pacific. The market growth in China is attributed to local and international players operating in the market, increasing adoption of healthy and dietary supplements, and rising demand for nutricosmetic products. The Chinese economy has a large number of manufacturing and assembly units of a few major manufacturers of food & beverages, cosmetics, and personal care products. Furthermore, China has the largest population in Asia Pacific, leading to the growing demand for food and beverage items, and cosmetics and personal care products, which would lead to the growth of the tocotrienol market in China. Tocotrienols help maintain healthy metabolic functioning, support heart health, improve brain functioning, and reduce inflammation and oxidative stress. Thus, increasing awareness regarding various health benefits propels the demand for tocotrienols in various industries. China is one of the prominent countries in feed manufacturing. According to the China Feed Industry Association (CFIA) report, China's nationwide industrial feed production was 302.2 million metric tons in 2022, up 3% year-on-year. Growing feed production in China has contributed to the market's growth.

The tocotrienol market trends include the rising demand in nutricosmetic industry. In recent years, the beauty and personal care industry has grown at a significant pace. Asia Pacific, North America, and Europe are among the major beauty and personal care markets. Consumers focus more on skincare and hair care and procure products that provide nourishment and deep hydration. Nutricosmetics, which combine nutrients that promote health and aesthetic improvements, are increasingly sought after by consumers who are looking for holistic approaches to beauty and wellness. With potent antioxidant properties and the ability to protect skin cells from oxidative damage, tocotrienols are becoming a popular ingredient in nutricosmetics. The inclusion of tocotrienols in nutricosmetics products such as supplements, beauty drinks, and skincare formulation can propel their demand as consumers seek out natural and effective ways to enhance their appearance. 

Kuala Lumpur Kepong Bhd, American River Nutrition, LLC, Cayman Chemical, ExcelVite, Orochem Technologies Inc, Vance Group Ltd., BGG WORLD, PhytoGaia, Musim Mas Group, and Fuji Chemical Industries Co., Ltd are among the prominent players profiled in the tocotrienol market report. These market players are focusing on providing high-quality products to fulfill customer demand. They are also adopting strategies such as new product launches, capacity expansions, partnerships, and collaborations to stay competitive in the market. The tocotrienol market forecast can help stakeholders plan their growth strategies. In May 2024, BGG World announced its plans to create a new global headquarters in Switzerland as a launchpad for international expansion.

The tocotrienol market is segmented on the basis of type, application, and geography. Based on type, the market is segmented into alpha, beta, gamma, delta, and complex. By application, the market is segmented into food & beverages, dietary supplements, personal care and cosmetics, and animal nutrition. By geography, the tocotrienol market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific tocotrienol market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The market in South & Central America is further segmented into Brazil, Argentina, and the Rest of South & Central America.