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Tocopheryl Acetate Market

Tocopheryl Acetate Market

Tocopheryl Acetate Market Analysis by Type (D-Alpha, DL-Alpha, Pharmaceutical Grade, Cosmetics Grade Tocopheryl Acetate), by Form (Tocopheryl Acetate Oil & Concentrate, Powder), by Application, by Region - Global Insights to 2031

Tocopheryl Acetate Market
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Market Outlook for Tocopheryl Acetate

As per latest industry analysis published by Fact.MR, the global tocopheryl acetate market was valued at around US$ 50 Mn in 2020, and is expected to reach US$ 110 Mn by 2031, rising at a CAGR of 6%. Demand for d-alpha tocopheryl acetate is projected to accelerate at a CAGR of 5% across the assessment period of 2021 to 2031.

Key Points Covered in Tocopheryl Acetate Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Assessment by Product Grade / Purity / Formulation Standards
  • Assessment of Import Price, Bulk Price, Contractual Price, Producer / Distributor Price
  • Certifications and Compliance Requirements
  • Tocopheryl Acetate Market Value in 2021
  • Brand Share and Market Share Analysis
  • Tocopheryl Acetate Market Size
  • Key Product Innovations and Regulatory Climate
  • Acetic Acid Ester Market Projections
  • COVID-19 Impact on Tocopheryl Acetate Industry and How to Navigate
  • Acetic Acid Market Insights
  • Recommendation on Key Winning Strategies

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Tocopheryl Acetate Consumption Analysis from 2016-2020 Vs Future Market Outlook for 2021-2031

As per Fact.MR - a market research and competitive intelligence provider, the global market for tocopheryl acetate was valued at US$ 50 Mn in 2020.

Globally, development of efficient and advanced technology, rise in the awareness among people regarding personal & skin care, increasing government initiatives across the globe, growing demand for the personal care industry, and rising demand for high performance antioxidants are the prime growth drivers of the tocopheryl acetate market.

In addition, rising demand for cosmetics grade tocopheryl acetate, food grade tocopheryl acetate, tocopheryl acetate powder, and powdered tocopheryl acetate is anticipated to fuel the consumption of tocopheryl acetate.

Increasing sales of dl-alpha tocopheryl acetate, pharmaceutical grade tocopheryl acetate, and new product developments are other major factors that are expected to drive the market at a 6% CAGR from 2021 to 2031.

Which Factors are Stimulating Demand for Tocopheryl Acetate?

Tocopheryl acetate is also known as Alpha-tocopheryl acetate (ATA) and is generally used as a substitute for vitamin E. In chemical structure of tocopheryl acetate the phenolic hydroxyl group is blocked which reduces the acidity of the product and extends the shelf life. Vitamin E acetate is hydrolyzed slowly once absorbed by the human skin and regenerates tocopherol.

The benefits of the tocopheryl acetate include protecting the skin from UV damage, improving moisture content and skin texture, reduction in severity of sunburns, prevention of melanin deposits, inhibition of lipoperoxide associated skin disorders and improving the stability of cosmetics.

Per capita expenditure on healthcare is increasing at a tremendous pace in developing countries. Increasing consumer health awareness across the globe and the latest trends of tocopheryl acetate in skin care are likely to drive the demand for tocopheryl acetate over the coming years.

What are the Restraints being Encountered by Tocopheryl Acetate Manufacturers?

Moderate health hazards from tocopheryl acetate, such as organ system toxicity will remain a challenge for market supply and production. Environmental Working Group’s Cosmetics Database has classified the compound as a moderate hazard. Tocopheryl acetate is related to concerns regarding organ system toxicity, contamination of hydroquinone and cancer.

According to Cosmetic Ingredient Review (CIR), tocopheryl acetate demonstrated positive mutation results with mammalian cells that can lead to cancer. The compound also poses a threat of bioaccumulation as it can get accumulated under the human skin.

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Which Region Offers the Largest Opportunity for Tocopheryl Acetate Suppliers?

The Asia Pacific region leads with more than 40% share in the global market for tocopheryl acetate, owing to rapidly increasing population, rise in consumer awareness, favorable government policies, and modernization of healthcare infrastructure.

The Asia Pacific emerged as the largest market for tocopheryl acetate in terms of consumption and production. Changing consumer preferences and increasing awareness about health is driving demand for personal care and cosmetics products, which, in turn, is expected to drive this target market.

Growing medical tourism industry in developing nations such as China and India in this region. Among all the applications of tocopheryl acetate in skin care, the use of tocopheryl acetate in cosmetics and moisturizers have the highest market share in the market due to a higher prevalence in patients.

Mexico d-alpha tocopheryl acetate producers, Brazil tocopheryl acetate oils & concentrate manufacturers, and South Korea cosmetics grade tocopheryl acetate manufacturers have been emerging as leading manufacturers owing to inline production capacity expansions.

Tocopheryl acetate market by FactMR

Country-wise Analysis

What is the Tocopheryl Acetate Demand Outlook for the U.S.?

The U.S tocopheryl acetate market was valued at over US$ 30 Mn in 2020. The market is driven by high demand from feed, functional foods, and dietary supplements sectors. U.S. consumers exhibited enhanced awareness regarding the health benefits of vitamin E and its sources due to their beneficial effects. It reduces the probability of pregnancy-related disorders.

The U.S. food and beverage industry is experiencing greater demand for tocopherol due to increased consumption of organic and fortified foods such as cereals, fruit juices, and spreads.

Latest trends of tocopheryl acetate, growing sales of tocopheryl, and rising sales of tocopheryl acetate oils & concentrates in the country will further create lucrative market growth opportunities for market participants.

What are the Growth Opportunities for Tocopheryl Acetate Providers across China?

By 2031, China is expected to have a market value of roughly US$ 55 Mn. In terms of production, China dl-alpha tocopheryl acetate producers are one of the leading compound feed producers.

In 2018, the market in China accounted for 8% global animal feed exports. Additionally, China leads the consumption of feed additives and accounted for nearly one-third of global demand in 2018. At present, China is the fourth-largest animal feed exporter in the world in terms of value.

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Category-wise Insights

Why is the Popularity of D-Alpha Tocopheryl Acetate Rising Rapidly?

D-alpha tocopheryl acetate is the primary form of vitamin E that is preferentially used by the human body to meet appropriate dietary requirements. D-alpha tocopheryl acetate is known for its antioxidant activities, is protective against cardiovascular disease and some forms of cancer and has also demonstrated immune-enhancing effects. It may be of limited benefit in some with asthma and rheumatoid arthritis.

It may be helpful in some neurological diseases including Alzheimer's, some eye disorders including cataracts, and diabetes and premenstrual syndrome. It may also help protect skin from ultraviolet irradiation although claims that it reverses skin aging, enhances male fertility and exercise performance are poorly supported. It may help relieve some muscle cramps.

It is subsequently most commonly indicated for dietary supplementation in individuals who may demonstrate a genuine deficiency in vitamin E. Consumer groups in developing regions are becoming conscious about the health and aging issues and seek treatment with organic products. Hence, demand for d-alpha tocopheryl acetate is rising rapidly across geographies.

Why is Animal Feed Industry Demand for Tocopheryl Acetate Dominating the Landscape?

Mixed tocopheryl usage in animal feed industry is booming due to rising concerns over animal health. Growing demand for high quality poultry meat and pork has driven the demand for tocopherol in the feed industry.

All-rac-alpha-tocopherol acetate is the most common vitamin E form used to supplement animal feeds. Application in animal feed has got a huge opportunity in the field of tocopherol. An adequate amount of tocopheryl is required in animal nutrition to protect them from malnutrition and pathogen.

In addition, rising concerns of heat stress on animals are also anticipated to boost the use of tocopheryl in animal feed. Thus, with rise in demand for quality meat and poultry products globally, demand for the use of tocopheryl acetate in animal feed is also expected to increase.

How Has COVID-19 Impacted Demand for Tocopheryl Acetate?

The global market for tocopheryl acetate was severely impacted by the outbreak of the COVID-19 pandemic. Owing to lockdowns implemented across various countries, national and international transport was hampered, which significantly impacted the market.

As a substitute to vitamin E, tocopheryl acetate has rapidly been gaining traction as a nutrient ingredient in staving off infectious diseases, owing to its properties of safeguarding cells from the adverse impact of oxidation. Further, the compound is finding increased use in animal feed formulations, to improve health standards.

Consequently, tocopheryl acetate will play a growing role in foods and dietary supplements, and will substantially gain traction among health-conscious consumers, who are in the search for avenues to strengthen their body's immune systems. With passing time and decreasing rates of positive cases of COVID-19, the market is regaining its position and stabilizing.

Competitive Landscape

Key tocopheryl acetate producers are aiming at establishing supply contracts with end-use industries for increased revenue generation.

Top manufacturers of tocopheryl acetate oils & concentrates and top food grade tocopheryl acetate manufacturers are primarily aiming to carry out strategic acquisitions, collaborations, and launch innovative products.

  • In 2019, DSM has strengthened its market position in China by forming 75/25 joint venture with Nenter & Co., Inc, a leading Chinese tocopheryl acetate manufacturer.

Tocopheryl Acetate Market Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Type
  • Form
  • Application
  • Region

Key Companies Profiled

  • BASF
  • Soham Organics Pvt. Ltd.
  • Perchem Fine and Specialty Chemicals
  • The Dow Chemical Company
  • Royal DSM
  • Zhejiang NHU Co. Ltd.
  • Archer Daniels Midland Company
  • Volcano Corporation
  • Abbott Vascular
  • Angioscore Ltd.
  • Clariant AG
  • Ineos Group
  • Stuart Products
  • Zhejiang Pharmaceutical Co Ltd.
  • Shanghai Freemen

Pricing

Available upon Request

Key Segments in Tocopheryl Acetate Industry Research

  • Type

    • D-Alpha Tocopheryl Acetate
    • DL-Alpha Tocopheryl Acetate
    • Pharmaceutical Grade Tocopheryl Acetate
    • Cosmetics Grade Tocopheryl Acetate
    • Food Grade Tocopheryl Acetate
  • Form

    • Tocopheryl Acetate Oil & Concentrate
    • Tocopheryl Acetate Powder
  • Application

    • Tocopheryl Acetate For Animal Feed
    • Tocopheryl Acetate For Dietary Supplements
    • Tocopheryl Acetate For Food & Beverages
    • Tocopheryl Acetate For Skin Care
    • Tocopheryl Acetate For Cosmetics

- FAQs -

The global market for tocopheryl acetate is currently worth more than US$ 50 Mn.

From 2016-2020, sales of tocopheryl acetate registered a CAGR of 3%.

Main market driving factors include rising use of cosmetics & personal care products and growing demand for high performance antioxidants as an alternative to vitamin E.

Tocopheryl acetate sales in China are forecasted to reach over US$ 55 Mn by 2031.

Major tocopheryl acetate manufacturers are BASF, Soham Organics Ovt. Ltd., Perchem Fine and Specialty Chemicals, The Dow Chemical Company, and Royal DSM, as per ratings on the basis of market share, market reach, clientele, etc.

The Asia Pacific region, with 40% of global market share, will largely contribute to the growth of tocopheryl acetate revenue.

Tocopheryl acetate sales in Germany are set to increase at a CAGR of 4% by 2031.

Tocopheryl acetate for animal feed accounts for a share of 50% in the market.

The U.S., China, Mexico, Brazil, and South Korea are expected to drive most of the demand for tocopheryl acetate.

The global market is anticipated to rise at a CAGR of 6% over the forecast period of 2021 to 2031.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.