Growth in the plant sterol industry is directly linked with the growth in the plant sterol esters industry as plant sterol esters are made using plant sterol and contain about 60% plant sterol in them.
According to the newly published report by Future Market Insights, “Plant Sterol Esters Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2022-2027),” revenue generated from the sales of plant sterol esters is expected to be valued at US$ 851.4 Mn in 2022 and is likely to increase and to reach US$ 1,180.4 Mn in 2027, expanding at a robust CAGR of 6.8% during the projected period. In terms of volume, the market is expected to expand at a steady pace and register a CAGR of 6.0% over the forecast period.
This report tracks the performance of the global plant sterol esters market for the assessed period of 10-years, i.e. between 2017 and 2027. A major portion of the overall revenue was accounted by APEJ, Europe and North America. In the coming decade, plant sterol esters companies are anticipated to invest heavily on strengthening their sales and production facility network in all parts of the globe and to cater to the rising needs of the population to lower bad cholesterol levels.
Plant Sterol Esters Market Value (2021) | US$ 797.1 Mn | |
Plant Sterol Esters Market Estimation (2022) | US$ 851.4 Mn | |
Plant Sterol Esters Market Projections (2027) | US$ 1,180.4 Mn | |
Value CAGR (2022-2027) | 6.8% | |
Collective Value Share: Top 3 Countries (2022E) | 32.7% |
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Global Plant Sterol Esters Market: Drivers
Global Plant Sterol Esters Market: Restraints
Global Plant Sterol Esters Market: Forecast by Form Type
On the basis of form, the global plant sterol ester market is segmented into powder and oil forms. Powder form plant sterols segment is expected to continue to dominate the global plant sterol esters market. The oil form segment is projected to create total incremental $ opportunity worth US$ 125 Mn between 2017 and 2027. The segment is expected to account for a 28.1% market share in the global market in 2017. The oil segment is expected to represent market attractiveness index of 1.5 and is expected to grow at a CAGR of 5.9%. The segment is inclined towards moderate value – moderate growth and is expected to retain this trend during the forecast period.
Scope of the Report
Attribute | Details |
Forecast Period | 2022-2027 |
Historical Data Available for | 2012-2021 |
Market Analysis | USD Million for Value and Tons for Volume |
Key Regions Covered | North America, Latin America Middle East & Africa, Western Europe, Eastern Europe, APEJ and Japan |
Key Countries Covered | US, Canada, Germany, U.K., France, Italy, Spain, Russia, Poland, Nordic, China, Japan, India, Australia, New Zealand, ASEAN, Brazil, Mexico, GCC Countries, South Africa, Turkey, Israel |
Key Segments Covered | Form, Application and Region |
Key Companies Profiled | • Cargill Incorporated • Arboris LLC • Enzymotech Ltd. • BASF SE • Raisio Plc. • Archer Daniels Midland Company • Xi'an Healthful Biotechnology Co., Ltd • Vitae Caps S.A. • Top Pharm Chemical Group • CONNOILS LLC • Blackmores • New Roots Herbal Inc. • Advanced Organic Materials S.A. • Pharmachem Laboratories, Inc. • Oxford Vitality Ltd. • Nutrartis • Lamberts Healthcare |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
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Global Plant Sterol Esters Market: Forecast by Application Type
Application type segment consists of food, beverages, dietary supplements, pharmaceuticals and cosmetics. Food segment is sub-segmented into dairy, bakery & confectionery, spreads & dressings, cereals & snacks, vegetable oil and others (Sausages & Others). The food segment is expected to represent a market attractiveness rating of 5.0 and be a relatively attractive segment during the forecast period. This can be attributed to the application of plant sterol esters in a variety of food products and favourable regulations regarding the use of plant sterol esters in food products in countries such as China, Japan, Brazil, Germany, Finland, UK, United States, and Turkey.
Global Plant Sterol Esters Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions tracked in this report. Asia Pacific excluding Japan is expected to lead the global plant sterol esters market in terms of growth over the forecast period and is expected to register a CAGR of 9.0% in terms of value between 2017 and 2027. APEJ is projected to create total incremental $ opportunity worth US$ 111.7 Mn between 2017 and 2027. The segment is expected to account for 17.9% market share in the year 2027 in the global market.
Global Plant Sterol Esters Market: Key Players
Cargill Incorporated, Arboris LLC, Enzymotech Ltd., BASF SE, Raisio Plc., Archer Daniels Midland Company, Xi'an Healthful Biotechnology Co., Ltd., Vitae Caps S.A., Top Pharm Chemical Group, CONNOILS LLC, Blackmores, New Roots Herbal Inc., Advanced Organic Materials S.A., Pharmachem Laboratories, Inc., Oxford Vitality Ltd., Nutrartis, and Lamberts Healthcare are some of the companies operating in the global plant sterol esters market.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Dec 22, 2022