The Asia Pacific Tocotrienol Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030).
Dietary supplements are a major player in the tocotrienol market since they offer people an easy way to add tocotrienols to their regular wellness routines. Regarding tocotrienols, dietary supplements are commonly offered in various formats, such as soft gels, tablets, liquid formulations, and capsules. These formulations contain concentrated extracts rich in tocotrienols sourced naturally from annatto seeds, rice bran, and palm oil.
Additionally, these supplements are designed to provide individuals with a convenient way to augment their dietary intake of tocotrienols, especially for those who may not consume sufficient amounts of tocotrienol-rich foods in their daily diets. Moreover, dietary supplements offer a standardized and consistent dosage of tocotrienols, ensuring that individuals can achieve targeted levels of supplementation for desired health outcomes.
The rising cosmetics industry of South Korea plays a pivotal role in shaping consumer preferences, driving innovation, and expanding the demand for tocotrienol-infused skincare products. As per the data from the International Trade Administration, for 2021, the total value of cosmetics produced in South Korea was $14.5 billion, and cosmetics exports hit a record high, growing 21.3 percent from the previous year to $9.2 billion. Therefore, the expansion of the cosmetics industry and the growing elderly population in the region are propelling the growth of the market.
The China market dominated the Asia Pacific Tocotrienol Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $31,288.1 Thousands by 2030. The Japan market is registering a CAGR of 6.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.5% during (2023 - 2030).
Free Valuable Insights: The Global Tocotrienol Market is Predict to reach $530.6 Million by 2030, at a CAGR of 5.8%
Based on Product, the market is segmented into Alpha, Beta, Gamma, and Delta. Based on End Use, the market is segmented into Dietary Supplement, Pharmaceuticals, Cosmetics, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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