Palm-based tocotrienol market is anticipated to exhibit a significant CAGR of 7.2% during the forecast period. Palm oil is a natural source of beta-carotene and tocotrienols (vitamin E). Researchers from Malaysia and Libya had found that tocotrienol-rich fractions extracted from palm oil can potentially be used to improve liver health. The increasing awareness among consumers related to the benefits of palm-based tocotrienol is a key factor driving the growth of the global palm-based tocotrienol market. The trans-fat found in oils increases the risk of heart diseases. Hence, the US Food and Drug Administration (FDA) and the World Health Organization (WHO) have announced their plans to eliminate industrial trans-fats by 2020 and 2023, respectively.
Palm oil is naturally free from industrial trans-fatty acids and does not need to undergo hydrogenation to be modified, unlike sunflower, rapeseed, and soybean oils. The palm oil’s ability to be fractionated naturally and then recombined into other products without hydrogenation is a massive advantage for the development of palm-based tocotrienol. As per the journal of the International Conservation Charity Zoological Society of London, the majority of palm oil companies are not reporting basic information on how they are monitoring deforestation in either their own or their suppliers’ operations. Therefore, critical environmental impacts linked with palm oil related to deforestation practices may restrain the growth of the palm-based tocotrienol market. The rising focus of end-user companies in the development of products with palm-based tocotrienol as a key ingredient is anticipated to offer a lucrative opportunity for the growth of the global palm-based tocotrienol market.
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Palm-Based Tocotrienol Market Segmentation
By End-User
- Pharmaceuticals
- Cosmetics
- Dietary Supplements
- Others
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- C. Grace
- American River Nutrition, Inc.
- BASF SE
- Biotechnologías Aplicados SA
- Cayman Chemicals
- Davos Life Science Ltd.
- Eisai Food & Chemical Co. Ltd.
- Excelvite Inc.
- Golden Agri-Resources
- Orochem Technologies Inc.
- Palm Nutraceuticals SDN. BHD.
- Parachem Fine & Specialty Chemicals
- Sime Darby Bioganic SDN. BHD.
- Sourceone
- Supervitamins SDN. BHD.
- Vance Group Ltd.
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