[252] The global market of plant sterol esters is currently valued at around US$ 797.1 Mn, and is anticipated to reach US$ 1,180.4 Mn by 2027. The global business is anticipated to witness a considerable CAGR of 6.8% during the period of 2022 and 2027.
| Attribute | Details |
|---|---|
| Plant Sterol Esters Market Value (2021A) | US$ 797.1 Million |
| Plant Sterol Esters Market Estimation (2022E) | US$ 851.4 Million |
| Plant Sterol Esters Market Projections (2027F) | US$ 1,180.4 Million |
| Value CAGR (2022-2027) | 6.8% |
| Collective Value Share: Top 3 Countries (2022E) | 32.7% |
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. Considering this, FMI has forecast the global plant sterol esters sales to reach a valuation of US$ 1,180.4 Mn in 2027.
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 7.0% |
| H1,2022 Projected (P) | 7.6% |
| H1,2022 Outlook (O) | 7.3% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 30 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 30 ↑ |
A half year growth comparison for plant sterol esters market along with market dynamics and industry trends influencing the growth has been presented by Future Market Insights. Over the projected period, the sales are anticipated to be driven by an increase in the application of plant sterol esters in numerous end-use industries.
Food and beverage are the key sectors driving demand for plant sterol esters. Additionally, rising food and beverage consumption around the world is anticipated to boost market expansion.
To fulfil the rising demand, companies recently redirected their attention to developing nations to boost their production volume. A number of firms are likewise concentrating on enhancing their manufacturing capacities, R&D expenditures, partnerships, and mergers and acquisitions.
Many companies have invested in the study and development of plant sterols and plant sterol esters, which has resulted in the introduction of new products with improved efficacy and cholesterol-lowering capabilities.
The market is expected to growth with a CAGR of 7.3% in first half 2022, a 30 bps fall as compare to the earlier growth projections for the same period. Key reasons for this change in growth rate are attributed to certain growth slowdown in the manufacturing industries owing to higher recovery in the year 2021. Further supply constraints resulted from the rise in the geopolitical tensions are also expected to impact the growth.
The number of people with excessive cholesterol is rising, and during the projection period, this is likely to lead to an increase in sterol ester consumption. Increased consumer spending for functional foods & dietary supplements is driving the market & expected to pave the growth path over the forecast period.
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Sales of Plant Sterol Esters increased at a 6.2% CAGR, between 2012 and 2021, with increasing applications accounting for a substantial portion of the global market. COVID-19 has had a devastating effect on the plant sterols market in 2 ways: directly impacting production and demand, and causing distribution network and market disruption. However, the potential of plant sterol esters is being identified by many scientific studies, leaving plenty of room to restructure the sector even in the face of ongoing COVID-19 situations.
Plant Sterol Esters' increasing use in a variety of end-use industries is expected to drive the sales over the forecast period. The key industries driving demand for plant sterol esters are food and beverage. Furthermore, growing food and beverages consumption all over the globe is expected to augment the growth of the market.
When sterol and a fatty acid are synthesized, a sterol ester is formed (esterification). Sterol Esters are a heterogeneous chemical compound found in trace amounts in almost all cell types. Plant sterols are known as phytosterols, which is a general term for plant-derived sterols and stanols found in plant fatty tissues. Plant sterol ester is formed when plant sterol is esterified with fatty acids.
Consumer spending for functional foods and dietary supplements is driving the market for plant sterol esters, which holds promise for plant phytosterols. Plant sterol ester is regarded as one of the top ten nutritional breakthroughs in the world. Because of its nutritional benefits, the market for Plat sterol ester is rapidly expanding. The sales for plant sterol ester in the food market is the primary growth driver, with food supplements contributing significant market growth.
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The Covid-19 pandemic has impacted nearly every industry due to logistical constraints imposed by Covid standards and regulations. The rapid spread of the COVID-19 pandemic has had a negative impact on the market for plant sterol esters. COVID-19 has caused supply chains for plant sterol esters to be disrupted in major users.
However, raw - materials demand and supply will be insufficient due to the lockdown and price volatility, posing a major challenge to the market's growth. The market growth rate will be slowed by high costs associated with research and development capabilities, dearth of awareness among the population in regions such as the Middle East, high overhead expenses associated with product extraction, and strict global trade restrictions.
However, the market is expected to grow during the forecast period as a result of its applications in various segments, which are expected to boost the market.
The United States is expected to account for a significant portion of the global market, according to FMI. The United States is expected to dominate the North American market with a significant value share in terms of consumption over the forecast period. Growth in the plant sterol industry is directly linked with the growth in the plant sterol esters industry as plant sterol esters are made using plant sterol and contain about 60% plant sterol in them.
Growing use of plant sterol esters in various end use applications, such as yoghurts, salad dressings, mayonnaise, milk, vegetable oils, medicines, dietary supplements and drinks, such as beer, cold drinks, etc. is expected to drive the plant sterol market during the forecast period. End use industries have increased their usage of plant sterol esters due to the health benefits associated with plant sterol esters.
All of these factors are leading to growing consumption of plant sterol esters all over the globe. U.S. market of plant sterol esters is expected to reach a value of US$ 194.8 Mn by the end of 2027.
Because of increased research and development projects as well as increased demand from a variety of end-user industries, Germany tends to dominate the plant sterol esters market in the European market. Because of its initial implementation of the bio-based economy, Europe continues to dominate the phytosterols market. Cardiovascular diseases are one of the top causes of mortality in European countries.
As a result, the use of phytosterols in the food and pharmaceutical industries has increased because they protect against cardiovascular disease, reduce intestinal cholesterol absorption, and lower blood cholesterol levels. Increasing use of plant sterol esters in cosmetics in Europe and other regions is expected to drive the plant sterol market during the forecast period. Plant sterol esters used in cosmetic products have many benefits.
For instance, they are miscible with plant oils, they increase the viscosity of cream and lotion and provide them with a shiny appearance, can be used in anti-ageing creams and provide protection against UV rays. Germany is estimated to create an incremental dollar opportunity of about US$ 21.6 Mn during the period of 2022 and 2027 in the market if plant sterol esters.
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The plant sterol esters’ food segment is expected to grow at a prominent value of 7.1% CAGR, over the forecast period of 2022 to 2027. Individuals, these days, have become quite concerned about their health and are changing their preference form conventional food to food items with higher protein, less fat and low cholesterol or cholesterol removing agents.
Companies, such as, DANONE, Coca-Cola, etc. have started adding plant sterols and plant sterol esters into their products as individuals are showing increasing interest in buying such products. These factors are expected to act as drivers for the growth of the market during the forecast period. Owing to this property of plant sterol esters, products based on plant sterol esters are becoming more popular in different end use industries, specially the food & beverage industry, which is acting as a driver for the growth of plant sterol esters market.
The dietary supplements segment is projected to create an absolute dollar opportunity of more than US$ 81.3 Mn during the period of 2022 to 2027. People were restricted to their homes when the pandemic struck. Having to walk outdoors was also prohibited in some regions, for which long periods of time were spent in front of the television or computer.
Many people gain weight as a result of a lack of exercise. Obesity is linked to several major risk factors for cardiovascular disease, including high LDL cholesterol levels. Adults who are obese are more likely to develop cardiovascular disease and other health issues. As a result, demand for cholesterol-lowering dietary supplements began to rise.
Population suffering from high cholesterol levels is increasing, which, in turn, is expected to increase sterol ester consumption during the forecast period. Thus, to curb the negative effects of bad cholesterol, plant sterol ester manufacturing companies are creating awareness among individuals, which is expected to the drive the market during the forecast period.
In recent years, producers have shifted their focus to emerging countries in order to meet the growing demand for Plant Sterol Esters. Several major players are also focusing on improving their manufacturing capabilities, R&D investments, collaborations, and mergers and acquisitions. Various companies have been involved in research and development surrounding plant sterols and plant sterols esters, which is leading to the launch of new products with increased efficiency and better cholesterol lowering ability.
For Instance,
The latest study conducted by Future Market Insights covers all the strategies and success factors of key manufacturers of the market.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2027 |
| Historical Data Available for | 2012 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Regions Covered | North America;Latin America Middle East & Africa; Western Europe; Eastern Europe; APEJ and Japan |
| Key Countries Covered | US, Canada, Germany, U.K., France, Italy, Spain, Russia, Poland, Nordic, China, Japan, India, Australia, NewZealand, ASEAN, Brazil, Mexico, GCC Countries, South Africa, Turkey, Israel |
| Key Segments Covered | Form, Application and Region |
| Key Companies Profiled | 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; Lamberts Healthcare |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global plant sterol esters market is expected to total US$ 851.4 Mn in 2022.
The plant sterol esters market has been estimated to exhibit growth rate of 6.8% between 2022 and 2027 on value basis.
Food application segment is expected to contribute significantly to the growth share of the overall market in 2022.
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, and others are the key market players in the global market of plant sterol esters.
The demand of plant sterol esters in U.S. is expected to increase by 6.8% CAGR between 2022 and 2027 on value basis.
1. Executive Summary 1.1. Overview 1.2. Market Analysis 1.3. FMI Analysis and Recommendations 1.4. Wheel of Fortune 2. Market Introduction 2.1. Market Taxonomy 2.2. Market Definition 3. Market Viewpoint 3.1. Macro-Economic Factors 3.2. Opportunity Analysis 4. Global Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 4.1. Introduction 4.1.1. Market Volume Projections 4.1.2. Market Size and Y-o-Y Growth 4.1.3. Absolute $ Opportunity 4.2. Pricing Analysis 4.3. Regulations 4.4. Value Chain 5. Market Dynamics 5.1. Drivers 5.2. Trends 5.3. Restraints 6. Forecast Factors: Relevance and Impact 7. Global Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 By Form 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ MN) and Volume Analysis By Form, 2012 - 2021 7.3. Current Market Size (US$ MN) and Volume Forecast By Form, 2022 - 2027 7.3.1. Oil 7.3.2. Powder 7.4. Key Trends / Developments 7.5. Market Attractiveness Analysis By Application 8. Global Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 By Application 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ MN) and Volume Analysis By Application, 2012 - 2021 8.3. Current Market Size (US$ MN) and Volume Forecast By Application, 2022 - 2027 8.3.1. Food 8.3.1.1. Dairy 8.3.1.2. Bakery & Confectionery 8.3.1.3. Spreads & Dressings 8.3.1.4. Cereals & Snacks 8.3.1.5. Vegetable Oil 8.3.1.6. Others (Sausages & Others) 8.3.2. Beverages 8.3.3. Dietary Supplement 8.3.4. Pharmaceutical 8.3.5. Cosmetics 8.3.6. Key Trends / Developments 8.4. Market Attractiveness Analysis By Application 9. Global Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 By Region 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ MN) and Volume Analysis By Region, 2012 - 2021 9.3. Current Market Size (US$ MN) and Volume Forecast By Region, 2022 - 2027 9.3.1. North America 9.3.2. Latin America 9.3.3. Asia Pacific Excluding Japan 9.3.4. Western Europe 9.3.5. Eastern Europe 9.3.6. Middle East and Africa 9.3.7. Japan 9.4. Market Attractiveness Analysis By Region 10. North America Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 10.1. Introduction 10.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021 10.2.1. By Country 10.2.2. By Form Type 10.2.3. By Application 10.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027 10.3.1. U.S. 10.3.2. Canada 10.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027 10.4.1. Oil 10.4.2. Powder 10.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027 10.5.1. Food 10.5.1.1. Dairy 10.5.1.2. Bakery & Confectionery 10.5.1.3. Spreads & Dressings 10.5.1.4. Cereals & Snacks 10.5.1.5. Vegetable Oil 10.5.1.6. Others (Sausages & Others) 10.5.2. Beverages 10.5.3. Dietary Supplement 10.5.4. Pharmaceutical 10.5.5. Cosmetics 10.6. Market Attractiveness Analysis 10.6.1. By Country 10.6.2. By Form 10.6.3. By Application 11. APEJ Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 11.1. Introduction 11.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021 11.2.1. By Country 11.2.2. By Form Type 11.2.3. By Application 11.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027 11.3.1. China 11.3.2. India 11.3.3. Australia and new Zealand 11.3.4. ASEAN 11.3.5. Rest of APEJ 11.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027 11.4.1. Oil 11.4.2. Powder 11.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027 11.5.1. Food 11.5.1.1. Dairy 11.5.1.2. Bakery & Confectionery 11.5.1.3. Spreads & Dressings 11.5.1.4. Cereals & Snacks 11.5.1.5. Vegetable Oil 11.5.1.6. Others (Sausages & Others) 11.5.2. Beverages 11.5.3. Dietary Supplement 11.5.4. Pharmaceutical 11.5.5. Cosmetics 11.6. Market Attractiveness Analysis 11.6.1. By Country 11.6.2. By Form 11.6.3. By Application 12. Japan Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 12.1. Introduction 12.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021 12.2.1. By Form Type 12.2.2. By Application 12.3. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027 12.3.1. Oil 12.3.2. Powder 12.4. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027 12.4.1. Food 12.4.1.1. Dairy 12.4.1.2. Bakery & Confectionery 12.4.1.3. Spreads & Dressings 12.4.1.4. Cereals & Snacks 12.4.1.5. Vegetable Oil 12.4.1.6. Others (Sausages & Others) 12.4.2. Beverages 12.4.3. Dietary Supplement 12.4.4. Pharmaceutical 12.4.5. Cosmetics 12.5. Market Attractiveness Analysis 12.5.1. By Form 12.5.2. By Application 13. Western Europe Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 13.1. Introduction 13.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021 13.2.1. By Country 13.2.2. By Form Type 13.2.3. By Application 13.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027 13.3.1. Germany 13.3.2. Italy 13.3.3. France 13.3.4. U.K. 13.3.5. Spain 13.3.6. BENELUX 13.3.7. Nordic 13.3.8. Rest of Western Europe 13.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027 13.4.1. Oil 13.4.2. Powder 13.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027 13.5.1. Food 13.5.1.1. Dairy 13.5.1.2. Bakery & Confectionery 13.5.1.3. Spreads & Dressings 13.5.1.4. Cereals & Snacks 13.5.1.5. Vegetable Oil 13.5.1.6. Others (Sausages & Others) 13.5.2. Beverages 13.5.3. Dietary Supplement 13.5.4. Pharmaceutical 13.5.5. Cosmetics 13.6. Market Attractiveness Analysis 13.6.1. By Country 13.6.2. By Form 13.6.3. By Application 14. Eastern Europe Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 14.1. Introduction 14.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021 14.2.1. By Country 14.2.2. By Form Type 14.2.3. By Application 14.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027 14.3.1. Russia 14.3.2. Poland 14.3.3. Rest of Eastern Europe 14.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027 14.4.1. Oil 14.4.2. Powder 14.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027 14.5.1. Food 14.5.1.1. Dairy 14.5.1.2. Bakery & Confectionery 14.5.1.3. Spreads & Dressings 14.5.1.4. Cereals & Snacks 14.5.1.5. Vegetable Oil 14.5.1.6. Others (Sausages & Others) 14.5.2. Beverages 14.5.3. Dietary Supplement 14.5.4. Pharmaceutical 14.5.5. Cosmetics 14.6. Market Attractiveness Analysis 14.6.1. By Country 14.6.2. By Form 14.6.3. By Application 15. Latin America Plant Sterol Ester Market Analysis 2012–2021 and Forecast 2022–2027 15.1. Introduction 15.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021 15.2.1. By Country 15.2.2. By Form Type 15.2.3. By Application 15.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027 15.3.1. Brazil 15.3.2. Mexico 15.3.3. Rest of Eastern Europe 15.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027 15.4.1. Oil 15.4.2. Powder 15.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027 15.5.1. Food 15.5.1.1. Dairy 15.5.1.2. Bakery & Confectionery 15.5.1.3. Spreads & Dressings 15.5.1.4. Cereals & Snacks 15.5.1.5. Vegetable Oil 15.5.1.6. Others (Sausages & Others) 15.5.2. Beverages 15.5.3. Dietary Supplement 15.5.4. Pharmaceutical 15.5.5. Cosmetics 15.6. Market Attractiveness Analysis 15.6.1. By Country 15.6.2. By Form 15.6.3. By Application 16. Middle East and Africa Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 16.1. Introduction 16.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021 16.2.1. By Country 16.2.2. By Form Type 16.2.3. By Application 16.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027 16.3.1. GCC Countries 16.3.2. South Africa 16.3.3. Turkey 16.3.4. Israel 16.3.5. Rest of Middle East and Africa 16.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027 16.4.1. Oil 16.4.2. Powder 16.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027 16.5.1. Food 16.5.1.1. Dairy 16.5.1.2. Bakery & Confectionery 16.5.1.3. Spreads & Dressings 16.5.1.4. Cereals & Snacks 16.5.1.5. Vegetable Oil 16.5.1.6. Others (Sausages & Others) 16.5.2. Beverages 16.5.3. Dietary Supplement 16.5.4. Pharmaceutical 16.5.5. Cosmetics 16.6. Market Attractiveness Analysis 16.6.1. By Country 16.6.2. By Form 16.6.3. By Application 17. Competition Landscape 17.1. Market Structure 17.2. Competition Intensity Mapping By Market Taxonomy 17.3. Competition Dashboard 17.4. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments) 17.4.1. Cargill Incorporated 17.4.2. Arboris LLC 17.4.3. Enzymotech Ltd. 17.4.4. BASF SE 17.4.5. Raisio Plc 17.4.6. Archer Daniels Midland Company 17.4.7. Xi'an Healthful Biotechnology Co., Ltd 17.4.8. Vitae Caps S.A. 17.4.9. Top Pharm Chemical Group 17.4.10. CONNOILS LLC 17.4.11. Blackmores 17.4.12. New Roots Herbal Inc. 17.4.13. Advanced Organic Materials S.A. 17.4.14. Pharmachem Laboratories, Inc. 17.4.15. Oxford Vitality Ltd. 17.4.16. Nutrartis 17.4.17. Lamberts Healthcare 18. Research Methodology
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Plant Sterol Esters Market
