Sterols Market Outlook 2031
The global sterols market was valued at US$ 1 Bn in 2021
It is estimated to grow at a CAGR of 7.9% from 2022 to 2031
The global sterols market is expected to cross value of US$ 2.1 Bn by the end of 2031
Overview of Global Sterols Market
Sterols, also known as phytosterols, are plant derived compounds that are similar to cholesterol in their structure and function. They include brassicasterol, stigmasterol, campesterol, and beta-sitosterol. Sterols are utilized in food, nutraceuticals, and cosmetics. They are found naturally in plant-based foods, including vegetable-oil, seeds, nuts, legumes, fruits, bread, and cereals.
Get PDF sample for Industrial Insights and business Intelligence – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=44601
Increase in Demand for Sterols for Cardiovascular Patients to Drive Global Market
The rate of prevalence of cardiovascular diseases is a growing concern across the globe. High level of cholesterol leads to clogging of blood vessels, which increases the risk of cardiovascular diseases. The increasing awareness about health is fueling the demand for foods, beverages, and dietary supplements that can be incorporated into a healthy lifestyle. This, in turn, is expected to drive the sterols market during the forecast period.
According to the World Health Organization, cardiovascular diseases were responsible for approximately 45% of total deaths across the globe. For instance, rapidly aging population in countries in China and India is estimated to boost the percentage in the next few years.
The Heart and Stroke Foundation states that the use of phytosterol products has increased significantly, as phytosterols are basically similar to the body’s cholesterol, and they are used to lower elevated cholesterol levels. When phytosterols are consumed, they compete with cholesterol for the absorption in the digestive system. The incidence of premature heart disease can be prevented with simple changes in the lifestyle. According to the World Health Organization (WHO), even a small reduction in blood cholesterol level can make a great difference to the risk of developing heart diseases. Phytosterols have been proven to lower elevated cholesterol levels by 7% to 10% in 2 to 3 weeks, when used daily with meals.
Thus, usage of phytosterols in the diet helps reduce elevated cholesterol levels among patients with cardiovascular diseases.
Rise in Use of Sterols in Variety of Foods to Propel Global Market
The demand for diverse foods is rising across the globe. Moreover, growing population, changing food preferences, and rising purchasing capacity are some of the important factors that are anticipated to drive the global food sector in the next few years. Furthermore, easy availability of these products in convenience stores and supermarkets is another key factor driving the sterols market.
Sterols are also used in dietary food supplements and foods, such as liquid and oil-based supplements as well as shots and soft-gelatin capsules, instant powders, and chewable, swallowable, and effervescent supplements. They are also used in dairy products such as milk, juices, desserts, yogurt, cake-filling creams, ice creams, and mousses.
Enrichment of foods, such as margarine, cheese, butter, yoghurt, condensed milk, and cream, with phytosterol esters has been an important development in functional foods in order to enhance the cholesterol-lowering ability of traditional food products. Thus, a rise in the demand for various kinds of foods such as bakery, dairy, supplements, and beverages is augmenting the demand for sterols.
Request for Custom Research – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=44601
Vegetable Oil Raw Material Segment to Lead Global Sterols Market
Based on raw material, the global sterols market has been classified into vegetable oil and tall oil. The vegetable oil segment is projected to hold a prominent share, as compared to that held by the tall oil segment, during the forecast period. The vegetable oil segment held 55.3% share of the global market in 2021. It is estimated to expand at a CAGR of 8.1% during the forecast period.
The tall oil segment accounted for 44.5% share of the sterols market in 2021. It is estimated to maintain its position and expand at a growth rate of more than 7.5% during the forecast period. One of the important sources of sterols is tall oil, which is a by-product obtained during the manufacture of wood pulp. In this process, wood is converted into wood pulp, which is then refined into cellulose fibers. Subsequently, tall oil pitch is obtained, which undergoes saponification in order to obtain a mixture of free sterols and organic salts. Sterol-concentrated steam is separated from organic salts through evaporation. The subsequent processes include distillation, crystallization, filtration, and drying to achieve high-purity sterols. Furthermore, tall oil is also utilized in pharmaceutical, food, and cosmetic products.
Growing Preference for Beta-sitosterols in Food and Dietary Supplements Industry
In terms of type, the sterols market has been classified into beta-sitosterols, campestrol, stigmasterol, brassicasterol, and others. The beta-sitosterols segment dominated the global sterols market and held 52.6% share in 2021. Furthermore, the segment is also expected to grow at a CAGR of 8.1% during the forecast period. Beta-sitosterol is available in the largest composition in vegetable oils as well as tall oils. An increase in the market share held by the segment can be attributed to the usage of beta-sitosterol in the food and dietary supplements industry.
Regional Outlook of Global Sterols Market
Europe dominated the global sterols market. In terms of volume, the region accounted for 37.6% share of the global market in 2021. Its share is anticipated to increase marginally to 38% by 2031. Germany is a key country of the market in Europe. Spain, Italy, and France are also major countries in Europe that engage in the manufacture of sterols. They hold a significant share of the market in the region.
In terms of volume, North America held 29.5% share of the global sterols market in 2021. Food and cosmetics are rapidly growing application segments of the sterols market in the region.
The market share held by Asia Pacific is projected to rise to 27% by the end of the forecast period. This can be ascribed to the rise in demand for sterols, owing to the rapid increase in the aging population in China and India.
Middle East & Africa is projected to be a relatively less attractive region of the market, due to lack of awareness regarding the health benefits of sterols in the region.
Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=44601
Analysis of Key Players in Global Sterols Market
The global sterols market is consolidated with a small number of large-scale vendors controlling majority of the market share. Key firms are spending significantly on comprehensive research and development, primarily to develop environment-friendly products. Diversification of product portfolios and mergers & acquisitions are key strategies adopted by major players.
BASF SE, Archer-Daniels-Midland Company, Cargill, Incorporated, Raisio Plc, Arboris LLC, ConnOils LLC, Vitae Caps S.A., Lipofoods SLU (Lubrizol Company), Xi’an Healthful Biotechnology Co., Ltd. Matrix Fine Sciences Pvt. Ltd, Fairchem Specialty Limited, and Advanced Organic Materials, S.A. are the prominent entities operating in the market.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]