Global Plant Sterols Market, By Product Type (Beta-sitosterol, Campesterol, Stigmasterol, Others), Application (Food, Pharmaceuticals, Cosmetics, Feed), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Plant Sterols Market
The plant sterols market is estimated to reach a value of USD 0.724 billion by 2028 and is expected to grow at a compound annual growth rate of 4.80% for the forecast period of 2021 to 2028. The various benefits of plant sterols is the factor responsible for the growth of the plant sterols market in the forecast period of 2021 to 2028.
Plant sterols also known as the phytosterols are a group of plant substances which resemble cholesterol. They help to reduce the cholesterol levels by limiting the amount of cholesterol that is able to enter the body. Plant sterols can be established in its natural state in vegetables and fruits. Vegetable oils, legumes, nuts, cereals, and seeds are some sources of plant sterols.
The rise in risk of coronary heart diseases promoting plant sterols demand is amongst the major factor expected to fuel the growth of the market. Also the increase in consumer awareness, rise in the supporting regulatory landscape stimulating plant sterols consumption as well as the large population base and rising diversified food demand are also projected to drive the demand for plant sterols market in the forecast period of 2021 to 2028. Furthermore, the rise in demand for milk and meat products, high demand for dietary supplements and various health benefits and increasing end-use applications are also likely to fuel the plant sterols market growth.
Moreover, the rapid increase in the usage of plant sterols in fortified food promoting health benefits is estimated to generate various new opportunities for the plant sterols market in the forecast period of 2021 to 2028. Also the rapid biotechnological advancement and high adoption of healthy lifestyle across the geographies are also expected to act as an opportunity for the plant sterols market.
However, the various side effects associated with the plant sterols and the lack of consumer awareness and product penetration are expected to obstruct the plant sterols market growth rate, whereas the effective marketing strategies can pose as a market challenge for plant sterols in the above mentioned forecast period.
This plant sterols market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plant sterols market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Plant Sterols Market Scope and Market Size
The plant sterols market is segmented on the basis of product type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on product type, the plant sterols market has been segmented into beta-sitosterol, campesterol, stigmasterol and others. Others have further been segmented into avenasterol, ergosterol, brassicasterol, lupeol and cycloartenol. Beta-sitosterol segment is likely to grow in the forecast period owing to increase in the beta-sitosterol in pharmaceutical industry particularly in medicines that is use for treating prostate disorders.
- The application segment of the plant sterols market has been segmented into food, pharmaceuticals, cosmetics and feed. Food has further been segmented into dairy products, sauces and condiments, beverages, bakery and confectionery and other processed food.
Plant Sterols Market Country Level Analysis
The plant sterols market is analyses and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the plant sterols market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe leads the plant sterols owing to the high growth in product demand mature cosmetics, pharmaceutical, and food industries in the U.K. and Germany as well as the early adoption of the bio-based economy. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in awareness regarding consumer health consciousness along with therapeutic benefits of plant sterols.
The country section of the plant sterols market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plant Sterols Market Share Analysis
The plant sterols market competitive landscape provide details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plant sterols market.
The major players covered in the plant sterols report are Unilever, DuPont, FENCHEM, Arboris, BASF SE, DRT, ADM, Cargill, Incorporated, Raisio Oyj, Wilmar International Limited, Lipofoods, The Lubrizol Corporation, ConnOils LLC, Vitae Caps S.A., Ashland, Clearwave Health, Innopure, Lamberts Healthcare, Merck KGaA, and Bunge Limited, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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