What is Tocotrienol?
Tocotrienol are chemical compound belonging to the Vitamin E family, which can be identified by their unsaturated isoprenoid side chains in their chemical structure. Tocotrienol are majorly of four types that are alpha, beta, gamma and delta. Tocotrienol can be found both in nature as well as in processed food such as dietary supplements, pharmaceuticals, etc. Tocotrienol have become popular because of their vast medicinal applications such as for the treatment of breast cancer, NAFLD, Scars, Chronic Diseases, etc. The market of tocotrienol recently witnessed a lot of boom primarily because of rising popularity of annatto plant found in South America. Geographically, North America remains the major market of Tocotrienol.
The market study is broken down by Type (Alpha, Beta, Gamma and Delta), by Application (Breast Cancer, Hypertrophic Scars, Fracture Healing, NAFLD, Familial Dysautonomia, Chronic Kidney Disease and Others) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Designs for Health, Inc., Archer Daniels Midland (United States), BTSA Biotechnologias Aplicados SA (United States), American River Nutrition (United States), ExcelVite Inc. (United States), Vance Group Ltd. (Singapore), SourceOne Global Partners (United States) and Orochem Technologies Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Herbafit B.V. (Netherlands), AsterVeda Healthcare Pvt Ltd. (India) and Chief Originals LLC (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Tocotrienol market by Type, Application and Region.
On the basis of geography, the market of Tocotrienol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Direct will boost the Tocotrienol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Pharmaceuticals will boost the Tocotrienol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Archer Daniels Midland, US based multinational food processing company announced acquisition of Specialty Commodities Inc. which is an organic and natural oriented food processing company. The acquisition will be aimed at combining Speciality Commodities natural ingredients based segment with that of ADM’s to widen its product portfolio offerings.
In 2019, Designs for Health, Inc., one of the US based manufacturers of nutritional products and dietary supplements has announced launch of Annatto-E, which extends its product line under vitamin E tocotrienols. The product will be available in soft gel form. The newly launched product is said to be derived from annatto plant.
Market Trend
- Growing Popularity of Dietary Supplements Containing Tocotrienol
Market Drivers
- Vast Medical Treatment Applications of Tocotrienol
- Increasing Health Consciousness
Opportunities
- Tocotrienol Supplements is broadly Large Unexplored Market
Restraints
- Adverse Side Effects Associated with Tocotrienol
Challenges
- Prescribing Proper Dosage According to an Individual
Key Target Audience
Tocotrienol Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.