Global Plant Sterol Esters Market, By Form (Oil and Powder), By Application (Food and Beverages, Dietary Supplement, Pharmaceutical, Cosmetics and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Plant Sterol Esters Market
Data Bridge Market Research analyses that the plant sterol esters market will witness a CAGR of 6.95% for the forecast period of 2022-2029. Growth in the demand for plant sterol esters especially in the developing economies like India and China, growing use of plant sterol esters for a wide range of end user applications such as dietary supplement, pharmaceutical, cosmetics and other applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the plant sterol esters market.
Plant sterol esters are heterogeneous chemical composites which are produced when sterol and fatty acids are esterified. Plant sterol esters are found in small proportions in every cell type. In other words, plant sterol esters are found in fatty acids of the plants which are synthesized to manufacture the desired compound. Also known as phytosterols, plant sterol esters are a group of naturally occurring compounds found in plant cell membranes.
Rise in demand for plant sterol esters by the food and beverages industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for plant sterol esters such as in the confectionery, spreads and dressings and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Rising demand for beauty and personal care cosmetics, rising expenditure for research and development proficiencies, surging prevalence of breast, stomach and lung cancer, growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High costs associated with research and development proficiencies, lack of awareness among the population in regions such as Middle East, high overhead expenses involved in the product extraction and strict global trade restrictions will dampen the market growth rate.
This plant sterol esters market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on plant sterol esters 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 Sterol Esters Market Scope and Market Size
The plant sterol esters market is segmented on the basis of form and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of form, the plant sterol esters market is segmented into oil and powder.
- Based on application, the plant sterol esters market is segmented into food, beverages, dietary supplement, pharmaceutical, cosmetics and others. Food is segmented into dairy, bakery and confectionery, spreads and dressings, cereals and snacks, vegetable oil and others.
Global Plant Sterol Esters Market Country Level Analysis
The plant sterol esters market is analysed and market size, volume information is provided by country, form and application as referenced above.
The countries covered in the plant sterol esters market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe dominates the plant sterol esters market owing to the increase in the research and development activities and increase in the demand from numerous end-user industries in this region. Asia-Pacific will continue to undergo substantial gains during the forecast period and will register the highest compound annual growth rate (CAGR) owing to the high economic growth in the emerging countries, surging urbanization and industrialization, growing industrialization, and abundant availability of raw materials in India, South Africa, China, Malaysia, Brazil, and Mexico.
The country section of the plant sterol esters 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 Sterol Esters Market Share Analysis
The plant sterol esters market competitive landscape provides 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 sterol esters market.
Some of the major players operating in the plant sterol esters market report are Raisio Oyj, ADM, Cargill, Incorporated, BASF SE, Bunge Limited, FENCHEM, Arboris, Enzymotech Ltd., Xi'an Healthful Biotechnology Co., Ltd., Vitae Caps S.A., Top Pharm Chemical Group, ConnOils LLC, Blackmores, New Roots Herbal inc., Advanced Organic Materials SA, Ashland., Pharmachem Laboratories, Inc., Oxford Vitality Ltd., Nutrartis and Lamberts Healthcare among others.
SKU-