18-Mar-2021 | Zion Market Research
According to analysts at Zion Market Research, the global plant sterol esters market is expected to grow and attain US$ 1,182.4 million by 2027. The gradual surging demand from the cosmetics, pharmaceuticals, and food industries has maintained the worldwide plant sterol esters market’s augmentation momentum stable. With research targeted on discovering the medicinal properties of plant sterol esters, the outlook of this market is quite promising. The sterol esters are detected in small amounts in the cells of living organisms. They are chemical compounds that are produced on the esterification of sterols along with fatty acids. The plant sterols (also known as phytosterols) obtained from sunflower oil, oilseed, soybean oil, and vegetable oil.
The leading players in the global plant sterol esters market are Enzymotech Ltd., Arboris LLC, New Roots Herbal Inc., and Xi’an Healthful Biotechnology Co. The firms in the food processing industry are recognizing new products to attract consumers.
Increasing Demand For Plant Sterol Esters In Various Industries Will Drive The Global Plant Sterol Esters Market
The pharmaceuticals, food processing, nutraceuticals, and cosmetics are the major industries impelling the worldwide plant sterol esters market. The plant sterol esters are known to decrease blood cholesterol levels, which is a major factor boosting their demand across the pharmaceutical and food processing industries. They are added as a supplementary in different food products such as snack bars, cereals, yogurt, etc. The augmenting population with cardiovascular diseases will boost the demand for plant sterol esters across the pharmaceutical industry. Research has shown that plant sterols are competent in arresting the development of cancer cells. Studies state that they have antioxidant properties and can be given to stomach, breast, and lung cancer patients. The powder section is projected to account for over 74% of the total proceeds by 2019 and reach nearly 79% by the end of the estimated period. The section is likely to expand with a CAGR of about 7.1% during 2018–2027. In terms of increments opportunity and CAGR, the powder section is estimated to seem like the most striking segment in the forecasted period.
The global plant sterol esters market is bifurcated on the basis of product form, application, and regional analysis. Based on the product form, the market is divided into oil and powder. Based on the application, the market is divided into dietary supplements, food, beverages, cosmetics, and pharmaceuticals. The food segment is sub-divided into bakery & confectionery, dairy, cereals & snacks, spreads & dressings, vegetable oil and others (sausages & others).
Europe And North America Region Projected To Witness Massive Growth During The Forecasted Period
Based on the geographical analysis, the global plant sterol esters market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Europe and North America regions are likely to hold the biggest market share during the 2018–2027. The Asia Pacific region will expand steadily and will possibly contribute considerably to the worldwide plant sterol esters market. The emerging economies such as South Africa, India, Brazil, China, Malaysia, and Mexico are anticipated to create new growth opportunities for the global plant sterol esters market.
Browse the full “Plant Sterol Esters Market – By Product Form (Oil And Powder), By Application (Dietary Supplements, Food, Beverages, Cosmetics, And Pharmaceuticals), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2018 – 2027.” Report at https://www.zionmarketresearch.com/report/plant-sterol-esters-market
The global plant sterol esters market is segmented as follows:
By product form:
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