October 08, 2018
WELLESLEY, Mass., Oct 08, 2018–Growing demand for soybean oil-based and rapeseed oil-based mixed tocopherols are two of the drivers fuelling the global tocopherols market, according to a report by BCC Research.
The industry expects to see a compound annual growth rate (CAGR) of 4.7% through 2022, when it could be worth nearly $5.4 billion, according to the report Mixed Tocopherols: Technologies and Global Markets.
Major players in the market include Archer Daniels Midland, BASF, DSM, Danisco, Carpenter and Wilmar Spring Fruit Nutrition Products.
“Each tocopherol variety has specific applications and health benefits,” noted report author Kunal Majumder. “Alpha tocopherol helps in building the immune system against viruses and pathogenic bacteria. Beta tocopherol helps in trapping reactive nitrogen oxides, which can cause degenerative diseases when they accumulate in the body. Gamma tocopherol is a form of vitamin E and has a significantly higher share in the mixed tocopherol market than other tocopherols. It offers more efficient antioxidant activities than other tocopherols.”
Volatility in Raw Material Prices May Restrain Market
One factor which may restrain market growth, the report adds, is volatility in raw material prices. Volatility has been particularly noticeable the past 2-3 years due to a lack of agricultural production, unfavourable weather conditions, and anti-dumping activities by different countries. For example, in June 2017 the United States imposed anti-dumping duties on soybean oils from Argentina and Indonesia, an act which is anticipated to decrease soybean oil sourcing in the U.S. and result in a supply-demand gap.
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Mixed Tocopherols: Technologies and Global Markets( CHM089A )
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