An Incisive, In-depth Analysis on the Plant Sterol Esters Market
This study offers a comprehensive, 360 degree analysis on the Plant Sterol Esters market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Plant Sterol Esters market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Market structure of key companies operating in the global plant sterol esters market
Top manufacturers functioning in the global plant sterol esters market capture the market share between 55-65%. These key players are having strong regional as well as global presence. The key strategy of these players is expansion of R & D to launch new products and obtain certifications from the issuing authority. Majority of their business is export based. Some of the Players that fall in this category are Cargill Incorporated, BASF SE, Archer Daniels Midland Company, Raiso plc. HSF Biotech, Arboris LLC, and Vitae Caps S.A. Apart from top manufacturers, there are some other companies which have presence in country or region or some regions of the globe. The key strategy of these players is towards expanding their sales and manufacturing network across the country and region. Example of companies which come under this shade areEnzymotec ltd, Blackmores, New Roots, Pharmachem Laboratories, and Anshul Life Sciences, among others.
Global Plant Sterol Esters Market: Trends
Increasing number of new players in the global plant sterol esters market
Various companies such as Danone (Danacol brand), GFA Foods (Smart balance brand), Meadow Lea (Logicol brand), Unilever (proactiv brand), Dairy Farmers and Uncle
Toby's, and Procter & Gamble have started manufacturing and promoting their products based on plant sterol esters. This shows a clear impact on the growth of plant sterol production and consumption which is one of the important reasons to lead the plant sterol ester market to grow. The number of retailers who carry out the sale of similar kinds of products under their own brand name are increasing. For instance, Albert Hein, a Netherland-based company, Asda in the U.K., Kesko in Finland, Sainsbury and Tesco in the U.K. have started selling similar kinds of products under their brand name.
Plant sterol ester to be the most preferred cholesterol lowering agent amongst other substitutes
Nowadays, plant sterol esters, which help to lower the cholesterol level, are widely used across the globe, especially in Europe and North America, in food products, beverages, pharmaceuticals, cosmetics and as dietary supplements. It is verified by the scholars that constant intake of plant sterol ester lowers the cholesterol level by 7–12%. Over half of the population in the U.S. suffers from high cholesterol. Individuals in the U.S. are shifting focus to the products containing plant sterol esters in order to lower their cholesterol level. Many companies, such as RAISO PLC., BASF SE, and Cargill Incorporated, started the production of plant sterol ester-based products in the late 1990s and have increased their production capacities and facilities in order to meet the growing demand. This in one of the major trend that is driving the growth of the plant sterol market.
Rules and regulations in some countries have led to an increase in the consumption of plant sterol esters in the last five years
As plant sterol esters have been generally recognized as safe (GRAS) by FDA (Food and Drug Association), its addition in a limited amount in many food applications, such as milk, yoghurt, mayonnaise, vegetable oils, coffee, beverages, butter, chocolates, snacks, etc. in many well-developed and emerging countries, such as Finland, Germany, Turkey, Israel, China, Japan, Taiwan, United Sates, Canada, Brazil, Australia and New Zealand, etc. is expected to contribute towards the growth of the plant sterol esters market across the globe during the forecast period. The European Union Scientific committee has also allowed the addition of a limited amount of plant sterol esters in food products, which will also contribute to the increase in the consumption of plant sterol esters. FSANZ (Food Standards Australia and New Zealand) has also allowed the use of phytosterols esters in food products, such as vegetable oil, milk, and breakfast cereals.
Powder segment by form type to dominate market share, on the other hand the oil segment is expected to lose 220 BPS during the forecast period
Powder segment is estimated to account for more than 70% of the total revenue by 2017 and reach nearly 75% by the end of forecast period. The segment is expected to grow with a CAGR of 7.1 % over the forecast period. In terms of CAGR and increment $ opportunity, the powder segment is expected to emerge as the most attractive segment over the forecast period. Oil Segment is expected to lose 70 BPS between 2012 and 2017 and 220 BPS between 2017 and 2027
Future Market Insights in its newly published report, “Plant Sterol Esters Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” provides forecast and analysis of the global plant sterol esters market on the global and regional levels. Through an extensive research, our analysts have studied how the different market dynamics are likely to impact the current and future scenario of the global plant sterol esters market, thereby providing useful insights to market players to plan their differentiating strategies, capable of evolving with the changing market landscape. We have analysed the key trends, drivers, restraints and opportunities while studying this report. Impact analysis of key growth drivers and restraints based on the weighted average model are included in the report to better equip and arm clients with crystal-clear and decision-making insights. This report provides historical data of 2012-2016 along with forecast from 2017 to 2027 in terms of revenue (US dollar) and volume. The report also includes macroeconomic indicators such as GDP, healthcare spend, and food and pharmaceutical products consumption index have been considered while forecasting market numbers. The report also comprises the study of current issues with end users and opportunities for plant sterol esters producers. It also includes detailed pricing analysis by plant sterol esters and value chain analysis.
The report has indicated the segment wise definition of the market along with its overall scenario in the assessment period. The publication focuses on to identify opportunities in the market and present updates and insights, pertaining to the various segments of the global plant sterol esters market. Weighted average prices in US$/units have been considered for plant sterol esters to arrive at market size numbers. While researching this report, market splits have been deduced from a survey and primary research. The prices of plant sterol esters have been tracked at wholesaler level after conversion through trade websites and primary interviews.
Our unique style of describing this report
In order to provide a comprehensive view of the market, we have included detailed competitiveness analysis and company players with unique selling propositions. The dashboard provides the detailed comparison of plant sterol esters producers on parameters such as operating margin, unique selling propositions, collective market share, and geographic concentration. The study encompasses market attractiveness analysis of various segments of the global plant sterol esters market.
The report has included the consumption of plant sterol esters and the revenue generated from sales of this chemical in all regions and important countries in these regions. Growth GDP growth, industry growth, and top 10 companies growth have been closely referred to arrive at market forecast. Apart from value chain analysis, profitability margins, cost influencing factors, pricing trends and factors influencing the sales of plant sterol esters have also included in the report.
We have segmented the global plant sterol esters market into three sections
Our research methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include IMF, World Bank, and Hoover’s. Companies’ annual reports and publications were also examined while researching this market. The Market numbers have been estimated based on average consumption and weighted average pricing of plant sterol esters by form type and the revenue is derived through regional pricing trends. Market size and forecast for each segment have been provided in the context of global and regional markets. The plant sterol esters market has been analysed based on expected demand. Prices considered for the calculation of revenue are average regional prices obtained through primary quotes from numerous regional plant sterol esters producers, suppliers, and distributors.