Tocopheryl Acetate Market
Tocopheryl Acetate Market Analysis By Type (D-Alpha, DL-Alpha), By Form (Oil & Concentrate, Powder), By Application (Animal Feed, Dietary Supplements, Food & Beverages, Others), and Region - Global Market Insights 2023 to 2033
Analysis of Tocopheryl Acetate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Tocopheryl Acetate Market Outlook (2023 to 2033)
The global market for tocopheryl acetate is expected to grow with a CAGR of 4.0% and reach US$ 720.6 million by 2033, up from US$ 466.8 million in 2023.
The cosmetics and pharmaceutical industries are driving the high demand for tocopheryl acetate. In the cosmetics industry, it is also known as synthetic vitamin E. Tocopheryl acetate, in its unoxidized form, is able to easily enter the skin and exert its antioxidant effects which keep the skin healthy.
Tocopheryl Acetate Market Size (2022A)
US$ 448.9 Million
Estimated Market Value (2023E)
US$ 466.8 Million
Forecasted Market Value (2033F)
US$ 720.6 Million
Global Market Growth Rate (2023-2033)
East Asia Market Share (2022)
Key Companies Profiled
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Market Dynamics Analysis in Projected Timeframe
Despite the increased vegan population and plant-based proteins, meat protein is poised to remain the preferred choice across the globe which will drive the global animal feed industry. The trend of high-value-added animal feeds and focus to improve animal health will amplify the growth of the market creating a progressive environment for the tocopheryl acetate market.
The Food and Agriculture Organization (FAO) of the United Nations estimates that food demand will rise by 60.0% by 2050, and demand for animal protein is likely to rise at a CAGR of less than 2.0% over the forecast period. In a similar vein, the production of meat, aquaculture, and meat are anticipated to rise by approximately 65.0%, resulting in a favorable market environment for tocopheryl acetate.
- Growth Factors for Short Term (2023-2026): There will be a significant demand for high-value compound feeds due to the rising consumption of poultry meat and pork, which creates ample opportunities for the tocopheryl acetate.
- Factors for Medium-Term Growth (2026-2029): The nutraceutical industry is being driven by rising consumer interest in functional foods and dietary supplements that improve health. The nutraceutical market will provide market participants with lucrative opportunities with a growth rate of close to 10.0%.
- Long-Term Growth Opportunities (2029-2033): Market participants have additional plans to expand their tocopheryl acetate production capacities in response to rising demand up to the long-term forecast. By 2032, prominent players will invest in natural-based products in order to capitalize on long-term profit margins and meet consumer demand.
According to Fact.MR, the market for tocopheryl acetate has grown at a CAGR of 2.7% from 2018 to 2022 and is expected to grow at a CAGR of 4.0% from 2023 to 2033.
Factors Driving Tocopheryl Acetate Market
“Growing Trend of Nutritional Supplements Uptake to Drive Tocopheryl Acetate Consumption”
Rapid urbanization and an increasing number of middle-class groups with busy lifestyles, tight schedules, and a lack of time to cook have led to significant demand for external dietary supplements. Nutraceuticals are types of foods and drinks that offer health benefits beyond the basic nutritional values of conventional foods. Nutraceuticals not only provide basic nutritional values but also reduces the risk of chronic diseases by enhancing the performance of the body and mind. From 2021 to 2022, the global nutraceuticals market will experience significant YoY growth of 6.0% to 7.0% due to its advantages.
Top nutraceutical ingredient manufacturers such as ADM, DSM, and DuPont have aligned themselves with the production of natural products such as natural vitamins, tocotrienol, tocopherols, tocopheryl acetate, and others.
“Escalating Skin Care Product Demand Creating Lucrative Opportunities for Market Participants”
From a valuation of about US$ 571.4 billion in 2022, the worldwide beauty and personal care market is anticipated to grow at a CAGR of 4.0% over the forecast period. Skincare products are expected to dominate the cosmetics market by 2033, accounting for more than 40.0% of the global market.
Due to the continuing popularity of hair colors, hair creams, serums, and other hair care products, the market for hair care products is also expected to grow rapidly. The anti-aging product trend is expected to support the expansion of the cosmetics market. Tocopheryl acetate is a skin-conditioning and anti-aging ingredient that makes it possible for a product to completely absorb into the skin. Because of its antioxidant properties, it promotes hair growth by promoting a healthy scalp and hair.
Tocopheryl acetate will also be in high demand as a result of the natural vitamin E trend over the forecast period.
“Growing Vegan Population Hinders Animal-Based Food Products Demand Hampering Market Expansion”
In recent, there has been a noticeable growth in the vegan population which has hindered the sales of meat and meat-based protein during the historical period. Alone in the United States, over 8 million people follow a vegan diet and as consumers increasingly care about issues of animal welfare have mounted the vegetarian population each year.
Similarly, In the United Kingdom, the number of vegans has quadrupled over the last four years. The trend of vegan leather is forecast to surpass the animal leather market during the forecast period. Italy has been identified as the fastest-growing vegan population followed by Australia and New Zealand.
A study that was published in the PNAS (Proceedings of the National Academy of Sciences of the United States of America) indicates that by 2050, the global emissions of greenhouse gases would decrease by two-thirds if everyone went vegan. As aforementioned all of these factors are set to hinder the growth of the tocopheryl acetate market during the forecast period.
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What are the Prospects Driving the U.S. Demand for Tocopheryl Acetate?
In 2022, the tocopheryl acetate market in the United States was worth more than US$ 66.4 million. High demand from the feed, functional food, and dietary supplement industries drives the market. Due to their beneficial effects, consumers in the United States demonstrated increased awareness of the health benefits of vitamin E and its sources. It lowers the likelihood of disorders related to pregnancy. The rise in organic and fortified foods like cereals, fruit juices, and spreads is driving up tocopherol demand in the U.S. food and beverage industry.
Tocopheryl acetate's most recent trends, as well as the country's rising sales of tocopheryl and tocopheryl acetate oils and concentrates, will provide market participants with additional lucrative opportunities for market expansion.
What Opportunities Exist for Tocopherol Acetate Suppliers in China to Expand?
China is anticipated to have a market value of approximately US$ 172.6 million in 2033. China's producers of dl-alpha tocopheryl acetate are one of the most important producers of compound feed in terms of production.
China's market accounted for 7.2% of global exports of animal feed in 2022. Additionally, China accounts for nearly a third of the world's demand for feed additives in 2022, making it the market leader. In terms of value, China is currently the fourth largest exporter of animal feed in the world.
Why is D-Alpha Tocopheryl Acetate Soaring in Popularity?
The primary form of vitamin E that the body preferentially uses to meet dietary requirements is D-alpha tocopheryl acetate. D-alpha tocopheryl acetate has been shown to boost the immune system, protect against cardiovascular disease and some types of cancer, and is known for its antioxidant properties.
Additionally, it might be advantageous for some neurological conditions like Alzheimer's, and some ocular conditions including cataracts, diabetes, and premenstrual syndrome. Also, it may also help shield skin from UV radiation and delay signs of aging. It might aid in easing muscle cramps.
Tocopheryl acetate is the most commonly indicated dietary supplement for truly vitamin E-deficient individuals. Consumer groups in developing regions are beginning to notice health and aging issues. Therefore, the demand for D-alpha tocopheryl acetate is increasing rapidly in all regions.
Why is the Demand for Tocopherol Acetate So Overwhelming in the Animal Feed Industry?
The use of tocopheryl acetate in the animal feed industry is booming due to growing animal health concerns. The rising demand for high-quality poultry and pork has increased the demand for tocopherols in the feed industry.
Tocopherol Acetate is the most common form of vitamin E used to supplement animal feed. Applications in animal nutrition offer great opportunities in the field of tocopherols. Sufficient amounts of tocopheryl acetate are required for animal nutrition to protect animals from malnutrition and pathogens.
The usage of tocopheryl acetate in animal feed is definitely to grow in the future and is expected to grow at a CAGR of 5.2% by 2033.
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Key Strategies Followed by Key Manufacturers
Prominent tocopheryl acetate manufacturers are BASF SE, Soham Organics Pvt. Ltd., Angioscore Ltd., Clariant AG, and Ineos Group.
To meet the rising demand, key suppliers are focusing on expanding their production capacities, hence, the construction of facilities is a suitable investment for the market titans. In addition, the manufacturers are employing both organic and inorganic growth strategies in an effort to establish a position in the market.
Fact.MR has provided detailed information about the price points of key manufacturers of tocopheryl acetate positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Tocopheryl Acetate Industry Research
By Type :
By Form :
- Oil & Concentrate
By Application :
- Animal Feed
- Dietary Supplements
- Food & Beverages
- Personal Care & Cosmetics
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- FAQs -
In 2023, the global market for tocopheryl acetate worth US$ 466.8 million.
Oil and concentrates are expected to grow at a CAGR of 4.1% by 2033, accounting for around 80.0% of global consumption.
East Asia holds an approximate share of 26.0% in the global tocopheryl acetate market.
China consumed the most tocopheryl acetate in East Asia, with a value of US$ 111.2 million in 2022.
In terms of global consumption of tocopheryl acetate, animal feed production holds the largest market share, worth US$ 344.6 million in 2022.