The global policosanol market is anticipated to exceed US$ 588.3 million by 2033. Rising demand from industries such as food processing, personal care & cosmetics, dietary supplements, nutraceuticals, animal feed, and pet food is likely to drive the market. The market is likely to exhibit steady growth at a CAGR of 6.6% from 2023 to 2033.
According to a study by Future Market Insights, products containing policosanol are highly sought after owing to their numerous advantages. They aid in reducing the liver’s synthesis of cholesterol. They also help in lessening blood cell stickiness.
The USA is expected to dominate the policosanol market in North America given the size of the market. Due to rising use of policosanol as a key ingredient in pharmaceutical and nutraceutical formulations, policosanol products are in high demand in the USA.
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As health problems such as cardiovascular disease have become increasingly common, there is a rising need for effective remedies made of natural ingredients. The Centers for Disease Control and Prevention (CDC) estimate that about 655,000 Americans lose their lives to heart disease each year.
Prevalence of diabetes is also rising in the USA. In order to prevent these health problems, pharmaceutical companies in the country are investing in the creation of effective treatments, which is projected to provide a favorable market environment during the forecast period.
Anti-inflammatory qualities of policosanol also make them useful for reducing inflammation in the body. Levels of oxidative stress in the human body are another element contributing to the rising prevalence of lifestyle diseases. There is oxidative stress, but it needs to be balanced out. Policosanols have shown to be quite good at regulating the levels of oxidative stress.
Key Takeaways from the Policosanol Market Study:
- Policosanol market is projected to surge at a CAGR of about 6% over the next ten years in Mexico.
- Europe policosanol market is likely to expand at a CAGR 9% between 2023 and 2033.
- The USA is expected to hold a skyrocketing share of 9% in the North America policosanol market by 2023.
- Brazil is likely to generate a considerable share of 6% in 2023 in terms of value in Latin America.
- By source, the sugarcane wax segment is projected to remain at the forefront by 2033 and hold the lion’s share.
“Consumers are currently worried about product quality and are willing to shell out more for product testing. As a result, claims are important for businesses that are planning new launches. Faith in a particular brand has increased as a result of these assertions and certifications, which would drive growth,” says a lead analyst at Future Market Insights.
Competition Landscape: Policosanol Market
Ambe Phytoextracts Pvt. Ltd, Marcor, Risun Bio Tech Inc., Hainan Zhongxin Chemical, Sami Labs Ltd, Douglas Laboratories, Herblink Biotech Corporation, Now Foods, Laboratories Dalmer S.A., Garuda International Inc., and India Glycols Ltd among others are few of the leading companies present in the global policosanol market.
Key players in the policosanol market are constantly focusing on joint ventures to expand their production to strengthen their overall supply chains. They are also engaging in partnerships and collaborations to increase production, as well as expansion of their geographical reach.
Get More Valuable Insights into the Policosanol market
Future Market Insights, in its new offering, provides an unbiased analysis of the Policosanol market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand based on source (sugarcane wax, beeswax, rice bran, wheat germ), by grade (0.90 policosanol, 0.95policosanol, 0.99policosanol), by extraction process (solvent extraction, supercritical co2 extraction), by application (food processing, personal care & cosmetics, dietary supplements, nutraceutical, animal feed, pet food), and region.
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Policosanol Market is Outlook by Category
By Source:
- Sugarcane Wax
- Beeswax
- Rice Bran
- Wheat Germ
- Others (Cereal Grains, Grasses)
By Grade:
- 0.90 Policosanol
- 0.95 Policosanol
- 0.99 Policosanol
By Extraction Process:
- Solvent Extraction
- Supercritical Carbon Dioxide Extraction
By Application:
- Food Processing
- Personal Care & Cosmetics
- Dietary Supplements
- Nutraceutical
- Animal Feed
- Pet Food
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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 over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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