In the forecast period, increased consumption of plant sterol esters in various applications such as cosmetics, food & beverages, and pharmaceuticals is expected to drive sales.
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 are a group of natural substances that are found in plant-based foods, such as fruits, vegetables, nuts, and grains. They are a type of plant sterol that has been esterified with a fatty acid molecule, which improves their solubility and absorption in the body.
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Plant sterols and their esters have been shown to lower cholesterol levels in the body by blocking the absorption of dietary cholesterol in the gut. This makes them a popular dietary supplement for people who are looking to improve their cholesterol levels and reduce their risk of heart disease.
Plant sterol esters are commonly added to a variety of food products, such as margarine, spreads, and salad dressings, to provide a convenient way for people to increase their intake of these beneficial compounds. However, it is important to note that plant sterol esters should not be used as a substitute for a healthy diet and lifestyle, and that individuals with certain medical conditions should consult with their healthcare provider before using them.
Global Plant Sterol Esters Market: Drivers
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.
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Plant Sterol Esters Market by Category
By Form, the market of Plant Sterol Esters is segmented as:
By Application, the Plant Sterol Esters Market is segmented as:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient 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.
Jun 08, 2023
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