The plant sterol esters industry, as per the latest report from Future Market Insights, was valued at USD 851.4 million in 2022 and is projected to grow to USD 1,180.4 million by 2027, achieving a robust CAGR of 6.8% during this period. In terms of volume, the market is anticipated to expand steadily at a CAGR of 6.0% over the forecast period.
This comprehensive report tracks the global performance of the plant sterol esters market from 2017 to 2027. Significant revenue contributions came from regions such as APEJ, Europe, and North America. Looking ahead, companies in the plant sterol esters sector are expected to make substantial investments in enhancing their sales and production infrastructure worldwide. This strategic expansion aims to meet the increasing demand from consumers seeking solutions to lower their LDL 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
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.
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)
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