Global Tocotrienol Market Size, Industry Growth and Outlook to 2024: Hexa Reports

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Tocotrienol Market Analysis, Share and Size, Industry

Trends, Growth, Overview And Segment Forecasts To 2024

The global tocotrienol market is expected to reach USD 387.6 million by 2024, according to a new report

by Grand View Research, Inc. Increasing penetration of tocotrienols in the pharmaceutical industry

owing to properties such as anti-cancer and lowering triglyceride is expected remain a key driving factor

over the forecast period.

Vitamin E derived tocotrienol exhibits antioxidant properties that further help to reduce heart-related

diseases along with cancer. It is also reported that these products inhibit the growth of breast cancer

cells. Such factors are expected to aid the market growth over the forecast period.

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Tocotrienols are "generally recognized as safe (GRAS)" substance and can be used as an additive in

dietary supplements. Rising concern regarding unhealthy lifestyle along with improper diet among

consumers is anticipated to assist the demand over the next eight years.

Nevertheless, potential health benefits, imparted by tocotrienols, are far more important compared to

its price level. Researchers developed a new medicine named EVNolSupraBio, which helps in curing

Alzheimer's disease if taken twice daily. As a result, it might save people against heart strokes coupled

with cognitive health illnesses. Such R&D initiatives are expected to create ample opportunities and

unlock potential applications for the market.

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Further key findings from the report suggest:

The global tocotrienol market demand is projected reach 986.9 kilo tons by 2024, growing at a CAGR of

7.2% from 2016 to 2024

Alpha tocotrienol was the leading product segment and accounted for over 55% of total market volume

in 2015. Delta tocotrienol is presumed...