Half of Global Sales of Tocopheryl Acetate Accounted for by Animal Feed Industry: Fact.MR Study
Published : 02 Sep 2021 Industry: Chemical & Materials
As per Fact.MR, a market research and competitive intelligence provider, the global tocopheryl acetate market is expected to progress at a CAGR of 6% over the next ten years.
Tocopheryl acetate is the only form of vitamin E that is used at 100% concentration in vitamin E oils. As vitamin E is an essential vitamin for the good health of livestock and poultry, it has become one of the key ingredients to produce high value compound animal feed.
Tocopheryl acetate is an ester form of tocopherol and offers reduced susceptibility to degradation in open environments and at high processing temperatures. Owing to its high formulation stability and antioxidant properties, tocopheryl acetate is set to remain the preferred choice of animal feed and cosmetic manufacturers.
Key Takeaways from Market Study
- Global tocopheryl acetate market to top US$ 110 Mn by 2031.
- D-alpha tocopheryl acetate projected to reach around US$ 70 Mn by 2031.
- DL-alpha tocopheryl acetate projected to record above 3% CAGR over next 10 years.
- Market in Asia Pacific holds share of more than 40%.
- Market in Latin America expected to reach valuation of US$ 90 Mn by 2031.
- Industry in Germany to record 4% CAGR over forecast period 2021- 2031.
“Development of efficient and advanced technology and rise in awareness among people regarding personal & skin care are set to result in additional demand for tocopheryl acetate over the coming years,” according to a Fact.MR analyst
Major enterprises in the market are executing many strategies to sustain in this competitive atmosphere. They are increasing investments in research activities and product enhancement. Due to the presence of a remarkable number of regional players, the competitive landscape of the market for tocopheryl acetate is highly intense.
Key players in the market are focusing on acquisitions to expand their product portfolios in order to cater to the needs of a variety of customers. To leverage high-profit margins, prominent players have been planning inline production capacity expansions which may result in an oversupply in the market.
Numerous players are increasing efforts to strengthen their production capabilities. All these activities are helping in the expansion of the global tocopheryl acetate industry.
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the tocopheryl acetate market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
The study divulges essential insights on the market on the basis of type (d-alpha tocopheryl acetate, dl-alpha tocopheryl acetate, pharmaceutical grade tocopheryl acetate, cosmetics grade tocopheryl acetate, and food grade tocopheryl acetate), form (oil & concentrate and powder), and application (animal feed, dietary supplements, food & beverage, skin care, and cosmetics), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
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Consultant – Chemicals and Materials