According to the newly published report by Future Market Insights, plant sterol esters industry is expected to be valued at US$ 851.4 Million in 2022 and is likely to increase and to reach US$ 1,180.4 Million 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.
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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.
Global Plant Sterol Esters Market: Drivers
- Emphasis laid by processed food manufacturers on using plant sterol ester as a food ingredient as it offers numerous health benefits to consumers
- Varied applications of plant sterol esters such as cosmetics, food, pharmaceuticals, beverages and dietary supplements
- Increase in prospects from low bad cholesterol dietary supplements
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Global Plant Sterol Esters Market: Restraints
- High overhead cost involved in the separation of plant sterol esters
- Low product awareness among the people in Latin America and Middle East and Africa regions
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:
- Oil
- Powder
By Application, the Plant Sterol Esters Market is segmented as:
- Food
- Beverages
- Dietary Supplement
- Pharmaceutical
- Cosmetics
By Region, the Plant Sterol Esters Market is segmented as:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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