Global Sterols market size is estimated to be valued at USD 710 million in 2018 and is expected to register moderate 6.3% CAGR to create high revenue opportunity for industry players.
Sterols are found across fruits, vegetables and trees and are widely considered as clinical beneficial or human metabolism. Over 150 clinical studies has suggested its clinical efficacy to lower LDL cholesterol levels (bad).
Since 2005, the industry has grown over 2.5X times and is continue to create stable revenue growth opportunity to key industry players. Growth in the sterols market revenue is attributed to a range of factors. There is an ecosystem balance wherein frequent rising demand for sterols is met by long term availability of raw material supply.
The sector is witnessing increase in production capacity since a decade. Recently, in 2015, BASF increased its sterol extraction production capacity in Boussens, France. However, at the same time, the company closed its sterol production capacity in Texas. The step was taken to remain competitive in already hypercompetitive environment. Raw material access is easier in France, thereby making company price competitive.
Increased health awareness followed by rise in disposable income and changing lifestyle patterns are key driving base factors for sterols market demand worldwide.
Global Sterols Market Size Analysis, By Application
By application, food industry will dominate the global usage of sterols worldwide. Nearly 10 to 15% of consumer intake sterols in some or other with food segment representing the highest proportion of share. Food segment accounted for over 35% of global share in 2017, however, will lose market share to growing demand of sterols in dietary supplements. Plant sterols reduces the cholesterol absorption in humans and might reduce blood cholesterol to a small degree.
Earlier, sterols were used as specialty ingredients in food, however, is now actively found in one shot drinks and special milks.
Pharmaceuticals will stand next to dietary supplements and its usage will be stable throughout the forecast period. Sterols is prescribed to control the bad cholesterol (LDL) in the body.
Global Sterols Market Analysis, By Product Type
Sterols are marketed in the form of powder, capsules and granular type. Powder based sterols accounted for US$ 610 million in 2017 and will continue to dominate the market owing to its usage in functional foods.
Global Sterols Market Size and Forecast: Regional Analysis
Globally, Western Europe dominated the global sterols consumption. The region accounted for 36% of world sterols market share. UK and Germany accounted for half of the consumption in the region. Higher population base is one of the key catalytic force towards higher growth in the market.
Global Sterols Market Size and Forecast: Competition Landscape
Some of the key Sterols market industry players are Cargill, Forbes Medi-Tech, Cognis, Archer Daniels Midland, etc.
What Will You Discover in the Report?
- An in-depth analysis of the Sterols market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Sterols market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Sterols market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Sterols industry during the forecast period
- Who are the Sterols industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Sterols Industry Suppliers
- Sterols Industry Manufacturers
- Consultants and Analysts
Analyst access with Bekryl Market Analysts
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