Natural Tocopherols Market Size, Share & Industry Analysis, By Application (Food Additives, Feed Additives, Pharmaceutical & Personal Care Products, Fuel & Lubricant Additives and Plastic, and Rubber & Latex Additives), and Regional Forecast, 2024-2032

The global natural tocopherols market size was valued at USD 615.77 million in 2023. The market is projected to grow from USD 681.11 million in 2024 to USD 1,974.60 million by 2032, exhibiting a CAGR of 14.23% during the forecast period. North America dominated the natural tocopherols market with a market share of 38.36% in 2023.

Natural tocopherols are a class of organic compounds that are derived from plant sources and have vitamin E activity. They are fat-soluble antioxidants that are found in various forms, including α-tocopherol, β-tocopherol, γ-tocopherol, and δ-tocopherol and natural mixed tocopherols.

The COVID-19 pandemic heightened awareness about health and immunity. Consumers became more interested in products that could support wellbeing. This led to a rise in demand for functional food and beverages fortified with Vitamin E, potentially boosting the use of natural tocopherols in the food additives segment.

Natural Tocopherols Market Trends

Rising Health Consciousness and Shift Towards Natural Ingredients to Influence Market Growth

The trend towards using natural ingredients in various industries, such as food, beverages, and cosmetics, has contributed to the growth of the natural tocopherol market. Consumers prefer organic and natural products due to concerns about synthetic additives and their potential health impacts. According to the National Institutes of Health, artificial additives have adverse effects by increasing the risk of cardiovascular disease, mental health disorders, metabolic syndrome and potential carcinogenic effects. Therefore, consumers are increasingly seeking healthier alternatives and natural ingredients, which has led to a surge in demand for natural additives such as tocopherols. The trend towards clean labeling and transparency in product formulations has contributed to the preference for natural tocopherols, further fueling the market growth.

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Natural Tocopherols Market Growth Factors

Increased Focus on Sustainability to Support the Growth of the Market

The adoption of eco-friendly production methods, such as biotechnology and fermentation, is expected to increase the use of natural tocopherols in various applications, aligning with the growing demand for sustainable products. The reduced environmental impact associated, compared to synthetic alternatives, is driving their adoption in industries that seek to minimize their ecological footprint. The growing consumer knowledge of environmental issues and the importance of sustainable practices is driving demand for the product, particularly in the food and beverage industry, where consumers are seeking natural preservatives and antioxidants.

Ongoing R&D in the Field of Natural Tocopherol Extraction to Fuel Market Growth

Scientific breakthroughs in the agriculture sector have led to the development of non-GMO, organic soybean oil-based tocopherol products, meeting the demand for sustainable and natural ingredients. Innovations in natural, sustainable extraction of tocopherols, especially from soy and alpha-tocopherol forms, enabling the supply of clean-label, organic tocopherol products to meet rising consumer demand for natural, plant-based supplements, and fortified foods. Moreover, the popularity of alpha-tocopherol is rising as it has the highest biological activity and effectiveness as an antioxidant compared to other tocopherol forms. For instance, E306, a natural tocopherol, is derived from soybean, wheat, cottonseed, sunflower, rapeseed and vegetables. Adoption of new methods can increase the yield of tocopherol extracted from plant sources. For instance, in October 2019, Researchers from the Indian Institute of Technology (IIT) Madras engineered sunflower plant cells in order to enhance their production of Vitamin E by ten times. The researchers inserted genes involved in vitamin E production from sunflower into a plant called Arabidopsis and tinkered with the genetically engineered cells to produce high quantities of alpha-tocopherol.

RESTRAINING FACTORS

Availability of Synthetic Alternatives and Price Fluctuations of Raw Materials to Hamper the Market Growth

One of the major restraints for the global natural tocopherols market growth is the availability of synthetic alternatives. Synthetic vitamin E is readily available and often cheaper than natural ones. This can be a deciding factor for some manufacturers, especially in price-sensitive markets. Moreover, natural tocopherols, which include both d alpha tocopherol with mixed natural tocopherols, are extracted from vegetable oils such as sunflower and soybean oil. Fluctuations in the prices of such raw materials can impact the production cost, hampering the growth of the market.

Natural Tocopherols Market Segmentation Analysis

By Application Analysis

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Food Additives Segment to Lead the Market as Tocopherols Help to Preserve and Increase Shelf Life of Various Food Products

Based on application, the market is segmented into food additives, feed additives, pharmaceutical & personal, fuel & lubricant additives, and plastic, rubber & latex additives.

The food additives segment is expected to hold the majority share of the market. Natural tocopherols, a form of vitamin E, act as antioxidants that prevent spoilage and extend the shelf life of food products, making them a valuable additive for food manufacturers. The product is also used in manufacturing dietary supplements. For instance, natural vitamin e-400 iu mixed tocopherols is used for making dietary supplements and supports eye health, skin health, and heart health. Moreover, it has various applications in food products. They are used in:

• Fats and Oils: Prevent fats and oils from turning rancid.


• Bakery and Confectionery: Help maintain freshness and extends the shelf life.


• Meat Products: Slow down oxidation and improve stability.

The pharmaceutical & personal care products segment is expected to grow significantly in the forecast period. Moreover, in pharmaceuticals, tocopherols can be used as antioxidants and have potential applications in wound healing and other applications. For instance, personal care products act as skin conditioners and protect against UV damage.

The feed additives segment is expected to have moderate growth in the forecast period. Natural tocopherols play a crucial role in animal health. They help boost the immune system, improve fertility and protect cells from damage. Moreover, healthy animals are more productive; thus, supplementing animal feed with natural additives such as tocopherols can lead to increased weight gain in animals, better egg production, and improved overall health, leading to high profitability for farmers.

Natural tocopherols are used as antioxidants in lubricants to protect them from oxidation at high temperatures, extend engine oil drain intervals, and reduce viscosity. They also help prevent deposits and foam formation, guard against corrosion, and ensure low viscosity at low temperatures. Tocopherols can be added to biofuels as stabilizers to protect them against degradation. This is particularly important for biofuels like ethanol and biodiesel blends, which are becoming increasingly popular as a renewable alternative to conventional fuel.

REGIONAL INSIGHTS

The market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

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The North America market size was valued at USD 236.19 million in 2023 and accounted for the highest market share in 2023. Consumers in North America are increasingly aware of the health benefits of antioxidants such as tocopherols and their role in preventing chronic diseases such as cancer and heart diseases. This awareness is driving the demand for food and beverages that are fortified with natural additives such as tocopherols. Natural additives are being increasingly used in animal feed to promote animal growth and reduce disease incidence, creating another avenue for market growth. Moreover, the region’s busy lifestyles and urban culture have been leading to a rise in demand for convenient and processed foods. Therefore, there has been an increasing use of food additives in order to maintain a longer shelf of these products. According to a new study in the Journal of the Academy of Nutrition and Dietetics, around 60% of foods purchased by Americans contain technical food additives, including preservatives or antioxidants, sweeteners, and coloring agents. Therefore, the utilization of natural tocopherol in various food applications is expected to grow significantly in the future.

Europe is known to have a large food and beverage industry, demanding natural additives for various applications. Consumers in the region are increasingly demanding healthier and more sustainable food ingredients instead of artificial ingredients further boosted by stricter European Union (EU) legislation. This trend is fueling the demand for natural additives such as tocopherols, further driving the market growth. The European countries offering the most opportunities include Germany, the U.K., France, Italy, and Spain. Moreover, plant-based diets are very much ‘on trend, ’ fueling the market demand for natural and innovative alternatives in the additive categories, representing an opportunity for the growth of natural tocopherols derived from plant sources.

Asia Pacific is expected to grow at a high CAGR in the forecast period. Rapid urbanization and busy lifestyles across the region are fueling demand for convenient, ultra-processed, and shelf-stable packaged foods. Natural antioxidants play a vital role in the extension of the shelf life of these products without resorting to synthetic to synthetic preservatives, making them an ideal choice for manufacturers. According to the World Health Organization and the Indian Council for Research on International Economic Relations, the ultra-processed food sector in India grew at a CAGR of 13.37% in retail sales value from 2011 to 2021. Countries such as India and China are major consumers owing to a growing economy and disposable incomes, massive population and expanding food processing industry.

The market share in South America is anticipated to experience significant growth in the coming years. The region’s growing affluent and informed consumer base presents attractive possibilities for food ingredients suppliers and processors. According to the Brazilian Food Processors' Association (ABIA), the food processing sector in Brazil recorded revenue of USD 209 Billion in 2022, with a growth rate of 16.6 % compared to the previous year. In common with other regions of the world, health considerations are becoming increasingly important for consumers in South America. This trend fosters a demand for natural ingredients such as natural antioxidants such as tocopherols, which are perceived to offer benefits such as reducing oxidative stress, boosting immunity, and potentially mitigating chronic diseases. The food and beverage sector in South America is also experiencing significant growth as manufacturers are actively seeking natural solutions to extend shelf life, preserve food quality and adhere to the clean label movement.

The demand for natural tocopherols in the Middle East & African countries is expected to grow steadily. As disposable incomes rise across the region, consumers are increasingly prioritizing health and wellness. This trend fuels the demand for natural and functional ingredients, such as tocopherols. These compounds are valued for their perceived health benefits such as improved immunity and antioxidant properties. The nutraceutical market in the region is also witnessing a boom, with consumers showing interest in dietary supplements containing natural ingredients for general health maintenance and specific health concerns. Natural tocopherols are well-positioned to cater to this growing demand and contribute to market growth.

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KEY INDUSTRY PLAYERS

Key Industry Players Adopt Acquisition Strategies to Expand Their Geographies

Established manufacturers in saturated markets leverage merger and acquisition strategies to acquire smaller players to maintain a strong foothold in emerging regions. Such strategies provide an efficient way to enter new markets and gain a significant share of the market. For instance, in November 2023, Kensing Solutions LLC., a U.S.-based manufacturer of specialty chemicals, acquired Advanced Organic Materials S.A. The acquisition positioned Kensing as one of the global producers of Natural Tocopherols and Phytosterols with four state-of-the-art plants located across North America, Latin America, and Europe.

List of Top Natural Tocopherols Companies:

• Matrix Fine Sciences Pvt. Ltd (India)


• Kensing Solutions LLC (U.S.)


• BTSA (Spain)


• Nutralliance, Inc. (U.S.)


• Koninklijke DSM N.V. (Netherlands)


• International Flavors & Fragrances, Inc. (U.S.)


• A.C. Grace Company (U.S.)


• BioSpechem (India)


• Xi'an Healthful Biotechnology Co., Ltd (China)


• Nutraceuticals Group Europe Ltd. (U.K.)

KEY INDUSTRY DEVELOPMENTS:

• February 2024: Origin Valley Pet Nutrition, an Irish pet treat manufacturer, announced plans to expand its reach across the Atlantic. The company manufacturers products such as plant-based and fresh insect formulations, fresh meat inclusions, the inclusion of natural tocopherol-derived antioxidants and others.


• November 2022: Vilofoss International, a company that manufactures vitamins for the feedstuff industry, won an award for natural vitamin E products for claves. The company was presented with a silver medal as a part of EuroTier's Innovation Awards 2022 for their supplementary calf feed product, CareFoss E-Force. The product consists of a natural form of vitamin E, RRR-tocopherol, sheathed with lecithin.


• September 2022: Green Goo, a women-owned & family-operated B Corp making skincare products, launched its Plants for Your Face & Body skincare collection, which targeted skin problems such as acne, aging, and eczema from head to toe. The new range has ingredients such as natural tocopherol (vitamin E) oil, Olea europaea (olive) fruit oil, osmarinus officinalis (rosemary) antioxidant oil and other ingredients.


• June 2021: Matrix Fine Sciences Pvt. Ltd., an Indian company specializing in the extraction of Natural Tocopherols (Vitamin E) from 100% Non-GMO soy, sunflower and rapeseed sources, expanded in North America with the establishment of Matrix Fine Sciences USA.

REPORT COVERAGE

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The global natural tocopherols market report includes quantitative and qualitative insights into the market. This report also offers a detailed regional analysis of the market sizes, market statistics, market trends, regional market forecast, and global market value, market rate for all possible market segments. This market analysis report provides various key insights on the market, an overview of related markets, the competitive landscape, recent industry developments such as mergers & acquisitions, the regulatory scenario in critical countries, and key industry trends.

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