The global policosanol market is projected to be valued at USD 588.3 million by 2033. A valuation of USD 299.8 million is expected for the global market in 2023. It is likely to exhibit growth at a CAGR of 6.6% in the forecast period from 2023 to 2033.
Policosanol products are in high demand due to various benefits associated with them. They help in decreasing production of cholesterol in the liver. They also help in lowering stickiness of cells in the blood.
Constantly rising health issues across the globe due to poor eating habits is set to drive the policosanol industry. Owing to varying lifestyles and rising incidence of chronic health issues, demand for policosanol products is escalating worldwide. Conditions such as cholesterol and diabetes are pushing demand for policosanol products.
It is thought that policosanol is well-absorbed and safe for human intake. Increasing shift toward nutritional food options is expected to be witnessed by 2033. Consumers are becoming health conscious and shifting toward healthy alternatives. Natural ingredients are gaining high popularity among millennials, owing to these factors.
Several people use the dietary supplement policosanol to decrease their cholesterol. Although seeds, nuts, fruits, cereal grains, and waxes can also be used to make the chemical. It is primarily derived from sugar cane.
As a dietary supplement that can help decrease cholesterol, policosanol has received a lot of attention. Numerous health advantages are allegedly provided by policosanol, including treating hypertension, reducing low-density lipoprotein (LDL) cholesterol, preventing the formation of blood clots, lowering the risk of coronary artery disease (CAD) & atherosclerosis, and reducing blood glucose.
It is not entirely apparent how policosanol accomplishes this. A few claim that it directly inhibits the production of cholesterol inside the liver, similar to how statin medications work. They are frequently used to treat hypercholesterolemia or high cholesterol.
Attributes | Key Insights |
---|---|
Policosanol Market Estimated Size (2023E) | USD 299.8 million |
Projected Market Valuation (2033F) | USD 588.3 million |
Value-based CAGR (2023 to 2033) | 6.6% |
Collective Value Share: Top 3 Countries | 28.5% |
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The global policosanol industry is anticipated to generate a CAGR of 6.6% in the forecast period from 2023 to 2033. At present, consumers are concerned about the quality of products and are willing to pay more for quality assurance. Hence, claims have become significant for companies aiming at launches. These claims and certifications build trust on behalf of consumers for the brand.
These certifications prove a commitment to the quality of the product. That in turn indicates that buyers and suppliers are dealing with a manufacturer who reached high standards of product safety. Halal and kosher claims are considered premium when it comes to policosanol products. Companies that received these certifications and quality claims have a credible name in the market.
Ability of Policosanol to Reduce the Risk of Hypertension among Aging Population
Owing to changing lifestyles and increased prevalence of diseases, consumers are becoming highly conscious about their health. This has led to a sudden rise in terms of demand for polyclonal products.
Its health advantages such as improving the function of high-density lipoprotein and lowering bad cholesterol in the liver, have opened up commercial potential. Policosanol also provides benefits to elderly people who are suffering from hypertension. Due to the aforementioned factors, the market is projected to constantly exhibit strong growth through the course of the forecast period.
High Demand for Natural Plant-based Alternatives to Spur Policosanol Sales
Consumers are increasingly becoming concerned about the bad impacts of synthetic and chemical additives used in food & beverages. This, in turn, can result in surging demand for natural alternatives.
Natural supplements that are plant based are more beneficial in terms of nutrients, as compared to synthetic supplements. There are several health benefits associated with natural supplements. Hence, companies are focusing on introducing new dietary health supplements to expand their product portfolios, as well as their customer base.
Sales of Policosanol Supplements to Skyrocket in the USA amid Use in Nutraceutical Formulations
The USA is projected to hold a dominant share of 78.9% in the North America policosanol market by 2023, finds Future Market Insights. Owing to rising usage of policosanol as a significant ingredient in pharmaceuticals and nutraceutical formulations, it has proven to be extremely beneficial in maintaining a healthy lipid that can prevent heart attacks. Hence, demand for policosanol products has surged in the USA, finds Future Market Insights.
Inclination toward Healthy Lifestyles in Brazil to Propel Demand for Sugar Cane Cholesterol
Brazil is expected to generate a significant share of 23.6% in 2023 in terms of value in Latin America. Due to rising consumption of plant-based products, demand for policosanol has increased gradually in the country. As people are steering towards a healthy lifestyle and have adopted vegan diets, it is likely to create new sales opportunities across Brazil.
Increasing Prevalence of Cardiovascular Disease in India to Boost Sales of Ultra-policosanols
India holds a significant share in the South Asia policosanol market. Lifestyle diseases such as cardiovascular problems, cholesterol issues, and several chronic diseases would lead to the creation of attractive opportunities for market participants in India.
As per the World Health Organization, in 2016, around 17.9 million people died because of cardiovascular diseases in India. It represented about 31% of all deaths occurring across the globe. Around 85% of deaths among these were due to stroke and heart attack.
Investment by Germany-based Firms in Research Works to Spur Policosanol Tablets Demand
Germany is likely to show a rising demand for policosanols over the forecast period. Due to changing tastes and preferences, manufacturers are nowadays focusing on their research and development to cope with dynamic market trends. As a result, there is a sudden rise in terms of several policosanol manufacturing companies in Germany that are investing in research and development.
Demand for Sugar Cane Policosanol to Skyrocket with its Ability to Lower Risks of Heart Attack
Sugarcane wax currently leads the market in terms of source, finds Future Market Insights. It is preferred as policosanol found in sugarcane is more effective for lowering cholesterol and heart attack, as compared to any other source.
Demand for Policosanol Powder to Elevate with Use of Supercritical Carbon Dioxide Extraction Process
The supercritical carbon dioxide extraction segment is anticipated to lead the market in terms of extraction process. It is globally used, accounting for over 85% of the policosanol extracted. Carbon dioxide is adaptable, and aids in regulating temperature and pressure to produce a variety of end products. Backed by the above mentioned factors, sales of policosanol are anticipated to boom in the next ten years.
Demand for Dietary Policosanol Supplements to Expand with Surging Use in Hypertension Medication
Dietary supplements hold a significant share of the global policosanol market by application. It is extensively used in the formulation of hypertension medication. As per the World Health Organization (WHO), around the world, 1.28 billion adults between the ages of 30 and 79 are thought to have hypertension.
Out of these, two-third live in low- and middle-income countries. The organization's global goal is to decrease hypertension prevalence by 33% from 2010 to 2030. Such initiatives by government bodies are projected to encourage consumption of dietary supplements infused with natural ingredients, including policosanol.
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The global market for policosanol is predominant and competitive due to the presence of several local and regional companies. Few of the key players operating in the policosanol market are Ambe Phytoextracts Pvt. Ltd, Marcor, Douglas Laboratories, Now Foods, Garuda International Inc., Hainan Zhongxin Chemical, Herblink Biotech Corporation, India Glycols Ltd, Laboratories Dalmer S.A., Risun Bio Tech Inc., and Sami Labs Ltd. These key players are adopting a wide range of marketing strategies such as partnerships, expansions, mergers & acquisitions, and collaborations to compete with their rivals.
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Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 299.8 million |
Projected Market Valuation (2033) | USD 588.3 million |
Value-based CAGR (2023 to 2033) | 6.6% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value (USD million) and Volume (MT) |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; and the Middle East & Africa |
Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, China, Japan, South Korea, India, South Korea, Australia, Brazil, Argentina, South Africa, United Arab Emirates |
Key Segments Covered | Source, Grade, Extraction Process, Application, and Region |
Key Companies Profiled | Ambe Phytoextracts Pvt. Ltd; Marcor; Douglas Laboratories; Now Foods; Garuda International Inc.; Hainan Zhongxin Chemical; Herblink Biotech Corporation; India glycols Ltd; Laboratories Dalmer S.A.; Risun Bio Tech Inc.; Botanic Healthcare; Sami Labs Ltd. |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The policosanol market is worth USD 299.8 million in 2023.
The policosanol market’s top 3 countries’ value share is nearly 28.5%.
The policosanol market is predicted to surpass USD 588.3 million by 2033.
Brazil is predicted to occupy nearly 23.6% of the policosanol market share in 2023.
The dietary supplements segment leads the policosanol market.
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