Global Mixed Tocopherol Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product (Alpha Tocopherol, Beta Tocopherol, Gamma Tocopherol, Delta Tocopherol), By Form (Powder, Liquid, Gel), By Application (Food Preservation, Dietary Supplements, Animal And Pet Food), And By Geography - Forecasts From 2022 To 2027

The global mixed tocopherol market is projected to grow at a CAGR of 5.45% to reach US$3.388 billion by 2027, from US$2.337 billion in 2020.

Dietary supplements are increasingly important for the wellbeing of the body and the maintenance of good health. According to the National Institutes of Health, there are many adults in the United States, who consume one or more vitamins or other dietary supplements daily. These are essential as dietary supplements, which contain a variety of vitamins, also contain minerals, herbs, amino acids, and enzymes, which ensure the proper functioning of the body.

Moreover, mixed tocopherols (Vitamin E) come in many forms such as drinks, energy bars, or tablets in order to appeal to consumers of all age groups, including children, adolescents, and adults. In addition, if mixed tocopherols are taken in combination with other vitamins such as Vitamin C and minerals, including zinc, copper, lutein, and zeaxanthin, they prove to be more beneficial than single vitamin doses and aid in slowing down vision loss in individuals that suffer from age-related macular degeneration. Therefore, these factors are causing the demand for mixed tocopherols to increase and are leading to market growth over the forecast period.

Product launches and product offerings by major market players in the mixed tocopherol market.

Furthermore, the rising interest among the market players in order to effectively increase and launch better-mixed tocopherol supplements and products in the market is causing them to get involved intensely in order to increase their market share and contribute to the growth of the market over the forecast period.

Some of examples of product launches and offerings are as follows:

• In January 2020, Impossible Foods Inc., which is a company involved in the manufacture of top-quality plant-based food announced the launch of its new product called the Impossible Pork. The product has been made completely using plant base ingredients such as soy, coconut, and sunflower oil. Other ingredients that have been used to develop the vegan-friendly meat product include, water, soy protein concentrate, coconut oil, natural flavours, with about 2% methylcellulose, cultures dextrose, modified corn starch, salt, yeast extract, soya leghemoglobin and mixed tocopherols, among others.
• In November 2019, Ritual, which is among the leading companies dealing in the provision of providing multivitamins to consumers directly to consumers through subscriptions, announced the launch of their new product called the “Essential for Women 50+”, a multivitamin product that has been developed for women after menopause sets in. This product is the third product offered by the company, after the launch of its vegan multivitamin product. The new product launched, however, offers a high-quality nutrient content sourced from the best ingredients globally, along with microalgae-derived Omega-3 DHA, vegan Vitamin D3, a non-soy variant of Vitamin K2 MK7, chelated magnesium, Vitamin E from mixed tocopherols among other ingredients.
• Tocobiol, by BTSA, is a non-GMO and all-natural antioxidant that is distilled from vegetable or sunflower oil. The product is recommended to be used to stabilize oils and fats, nutritional supplements and dietary products. The company is a producer of natural antioxidants. Other products in its portfolio include- Nutrabiol T, Nutrabiol E and Tocobiol Blends.

The Asia-Pacific region is estimated to hold a notable market share over the forecast period owing to the rising consumption by different individuals with instances of vitamin and mineral deficiencies and the affordability of these products. On the other hand, the North American region is estimated to hold a significant share over the forecast period owing to the well-established pharmaceutical industry and the rising investments being made into the healthcare development of better supplements.

The Asia-Pacific region is estimated to hold a significant share over the forecast period owing to the fact that there are rising concerns among individuals to lead a healthier lifestyle as well as that there are a host of diseases and health problems associated with vitamin deficiencies in countries such as India. Moreover, there is a wide variety of pharmaceutical and healthcare companies involved in the manufacture and provision of quality supplements at affordable prices. Which is attributable to the lower manufacturing costs in the country. Thus, this factor is contributing to the market share the region holds.

On the other hand, the North American region is estimated to hold a significant share over the forecast period owing to the fact that there are an increasing number of investments being made into the development of enhanced and effectively formulated supplements in addition to the well-established and fast-growing pharmaceutical industry in countries such as the US.

COVID-19 Impact on Mixed Tocopherol Market

The pandemic initially had a negative global mixed tocopherol market due to the lockdowns that followed which resulted in the shutdown of supermarkets and retail stores which negatively impacted the sales of food and beverages where mixed tocopherols are majorly used. However, with the increased awareness among people regarding good health and immunity, the market showed a rise in 2021 and is expected to grow at a steady pace in the forecasted period.

Global Mixed Tocopherol Market Scope:

Market Segmentation:

• By Product
  • Alpha Tocopherols
  • Beta Tocopherol
  • Gamma Tocopherol
  • Delta Tocopherol
• By Form
  • Powder
  • Liquid
  • Gel
• By Application
  • Food Preservation
  • Dietary Supplements
  • Animal and Pet Food
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Thailand
    • Taiwan
    • Indonesia
    • Others