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Global Sterols Market Size By Source (Vegetable oil And Pine), By Type (Phytosterols, Zoosterol’s (Cholesterol)), By End-User Industry (Pharmaceuticals, Food And Beverage, Dietary Supplements, Cosmetics), By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Sterols Market Size By Source (Vegetable oil And Pine), By Type (Phytosterols, Zoosterol’s (Cholesterol)), By End-User Industry (Pharmaceuticals, Food And Beverage, Dietary Supplements, Cosmetics), By Geographic Scope And Forecast

Sterols Market Size And Forecast

Sterols Market size was valued at USD 2.2 Billion in 2024 and is projected to reach USD 4.6 Billion by 2031, growing at a CAGR of 8.4 % during the forecast period 2024-2031.

Plant sterols, also known as Sterols, are naturally occurring chemicals present in plant cell membranes. Cereals, nuts, and vegetables all contain Sterols. They are made commercially from vegetable oils and tall oils. Sterols are found in vegetable oils such as soybean oil, rapeseed oil, sunflower oil, and corn oil. During the projected period, demand for sterols is expected to rise due to an increase in the prevalence of cardiovascular disorders around the world. Because of their structural similarities to cholesterol, Sterols inhibit cholesterol absorption.

Because they are good for human health, they are found in a variety of goods, including milk, yogurt, spreads, and margarine. Food, cosmetics, pharmaceuticals, and dietary supplements/nutraceuticals are all businesses that employ Sterols. In addition, sterols are predominantly employed in the food industry in dairy goods, sauces and dressings, beverages, bakery and confectionery, meat products, and morning cereals. Producers in the Global Sterols Market sell their ingredients and products to a variety of industries, including food and beverage, medicines, and nutraceuticals. As rising health concerns have led to a growing demand for functional products and dietary supplement goods over the last few years, demand for sterols is also developing in each of its application areas.

Global Sterols Market Drivers

The market drivers for the Sterols Market can be influenced by various factors. These may include

  • Growing Health Consciousness As people’s knowledge of health and wellbeing increases, so does their need for sterol-enriched dietary supplements and functional foods. The market for sterol-fortified goods is being driven by consumers’ desire for items that can support heart health and assist control cholesterol levels.
  • Growing Prevalence of Cardiovascular Diseases Heart-related conditions continue to pose a serious threat to world health. Due to sterols’ well-known ability to lower cholesterol, there is an increasing market for sterol-containing products that can help control cholesterol levels and minimise the risk of heart disease.
  • Ageing Population As the world’s population ages, older people are more likely to suffer from health issues like high cholesterol and cardiovascular diseases. The market for sterols is predicted to increase due to this demographic trend, as older consumers look for items that can improve their general health and heart health.
  • Support from Regulations Regulators throughout the world are encouraging the use of sterols in food and dietary supplements as they become more aware of their health advantages. The market is expanding thanks to regulatory support and health claims about the cholesterol-lowering properties of sterols.
  • Technological Developments Sterols are now more economically and commercially feasible due to enhanced sterol extraction and formulation techniques. Sterols are being used more widely in the food, pharmaceutical, and cosmetics industries because to these technological developments.
  • Growing Customer Interest in Plant-Based Products Plant-based goods are becoming more and more popular as people become more aware of their dietary choices and the influence they have on the environment. Plant-based sterol products are becoming more and more popular as a result of the trend towards sterols, which are mostly obtained from plant sources including nuts, seeds, and vegetable oils.
  • Growing Urbanisation and Disposable Income In developing nations, rising levels of disposable income and urbanisation are causing food preferences and lifestyle modifications. As consumers’ incomes rise, they are more prepared to spend money on high-quality goods to preserve their health and wellbeing, such as functional foods and sterol-containing supplements.

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Global Sterols Market Restraints

Several factors can act as restraints or challenges for the Sterols Market. These may include

  • High Production Costs Because of the intricate procedures required, the extraction and purification of sterols from plant sources can be costly. Sterol-fortified products’ affordability may be restricted by high production costs, which could impede market expansion, particularly in areas where consumers are price-sensitive.
  • Limited Knowledge Customers may not be as aware of sterols’ established health benefits as they should be, especially in developing nations. Market expansion may be hampered by customers who are unaware of the benefits of sterols in regulating cholesterol and enhancing heart health and who might not actively seek out sterol-enriched products.
  • Strict Regulations Because of the strict laws regulating product labelling and health claims, obtaining regulatory approval for sterol-containing goods can be difficult and time-consuming. Product launches and market expansion initiatives may be slowed down by delays in getting regulatory permissions, which would restrict the sterols industry’s potential for growth.
  • Competition from Alternatives Medicinal therapies like statins and other alternative cholesterol-lowering substances compete with cholesterol-lowering agents like steroids. Prescription drugs or other dietary supplements may be preferred by customers over sterol-fortified goods, especially if they believe the latter to be more practical or efficient.
  • Perceived Side Effects Because sterol-fortified goods may cause digestive problems or interfere with medications, some customers may be reluctant to take them. Clearing up misunderstandings and supplying accurate information regarding the safety profile of sterols is crucial to fostering consumer trust and promoting market uptake.
  • Supply Chain Difficulties The market for sterols depends on a steady and dependable supply of raw materials, mostly derived from plants. The availability and pricing of raw materials can be impacted by variables like crop failures, climate change, and supply chain disruptions, which can create difficulties for producers and restrict market expansion.
  • Market Fragmentation There are several competitors in the sterols market, spanning several product categories and geographical areas. Strong competition can hinder market expansion and profitability by causing price wars, margin pressure, and difficulties fostering brand loyalty.

Global Sterols Market Segmentation Analysis

The Global Sterols Market is Segmented on the basis of Source, Type, End-User Industry And Geography.

Sterols Market, By Source

  • Vegetable oil
  • Pine

Based on Source, the market is segmented into Vegetable oil, And Pine.

Sterols Market, By Type

  • Phytosterolso Campesterolo Beta-Sitosterolo Stigmasterolo Other Phytosterols
  • Zoosterol’s (Cholesterol)
  • Other Types

Based on Type, the market is segmented into Phytosterols, Zoosterol’s (Cholesterol), and Others.

Sterols Market, By End-User Industry

  • Pharmaceuticals
  • Food And Beverage
  • Dietary Supplements
  • Cosmetics
  • Other End-User Industries

Based on End-User Industry, the market is segmented into Pharmaceuticals, Food And Beverage, Dietary Supplements, Cosmetics, and Other End-User Industries.

Sterols Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

On the basis of Geography, the Global Sterols Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The greatest market for sterols in Europe, which is primarily driven by an aging population and growing awareness of health and wellness. Furthermore, one of the factors contributing to the expanding market for sterols in the region is a large increase in the number of deaths caused by various heart and cardiovascular disorders.

Due to the number of raw materials available, including vegetable oils, Spain, Italy, France, and a few other nations in the region are among the key countries in the region that are active in the manufacturing of sterols (corn oil, soybean oil, etc.). Finland and the Netherlands, followed by Belgium, Germany, and the United Kingdom, are among the top producers of sterol-based foods. As a result, the market for sterols in Europe is predicted to grow due to increased food and beverage manufacturing in these countries.

Key Players

The “Global Sterols Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as BASF, ADM (Archer Daniels Midland), Advanced Organic Materials S.A., Arboris LLC, Cargill Incorporated, Conn Oils LLC, Matrix Fine Sciences Pvt. Ltd., The Lubrizol Corporation, Vitae Caps S.A., Xi’an Healthful Biotechnology Co., Ltd.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Product Launches and Product Expansions

  •  BASF Corporation doubled its sterol extraction capacity in Boussens, France, in 2015 to satisfy rising global demand for sterols, which are largely used in dietary supplements and functional foods for health advantages such as cholesterol reduction and control.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

BASF, ADM (Archer Daniels Midland), Advanced Organic Materials S.A., Arboris LLC, Cargill Incorporated, Conn Oils LLC.

SEGMENTS COVERED

By Source, By Type, By End-User Industry, By Geography

CUSTOMIZATION SCOPE

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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