Global Plant Sterol Esters Market: Overview
Sterol esters are the heterogeneous chemical composites that are found in tiny proportions in each cell type. These compounds are produced when sterol and fatty acids are esterified. Furthermore, plant sterols, which are found in fatty tissues of plants, are synthesized with fatty acids and the resultant compound obtained from it is planted sterol esters. These products also termed as Phytosterols are derived from vegetable oil, oilseed rapeseed, sunflower oil, and soybean oil.
Global Plant Sterol Esters Market: Growth Factors
Massive product demand from both the processed food manufacturers as well as consumers owing to the ability of plant sterol esters in reducing the proportion of blood cholesterol and offering various health benefits to consumers will drive the market growth. Furthermore, plant sterol esters find a slew of applications across the cosmetics & personal care sector due to its antioxidant features that act as an anti-aging agent for the skin in humans. In addition, medical research studies have claimed the benefits of product consumption for cancer patients citing the reason that plant sterol esters have the ability to arrest the growth of breast cancer, lung cancer, and stomach cancer. Massive demand for the product in pharmaceuticals, food & beverages, and dietary supplements will boost plant sterol esters market size over the years to come.
However, factors such as high overhead expenses involved in product extraction along with low levels of product awareness in the population of regions such as the Middle East and Africa and Latin America is likely to hamper the plant sterol esters market demand in the near future.
Global Plant Sterol Esters Market: Segmentation
The global plant sterol esters market can be divided based on form and application. Based on the form, the plant sterol esters market is segmented into powder and oil forms. Powder segment is likely to dominate the global plant sterol esters market in the near future. On the basis of application, the market is divided into food, beverages, pharmaceuticals, dietary supplements, and cosmetics. Food segment is predicted to dominate the plant sterol esters market in the coming years, owing to immense product use in food items and favorable legislations pertaining to the usage of plant sterol esters in food items across many countries.
Global Plant Sterol Esters Market: Regional Analysis
Based on regions, the global plant sterol esters market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is anticipated to contribute substantially towards overall plant sterol esters market share during the estimated timeframe. North America and Europe are predicted to make notable contributions towards plant sterol esters market size over the next few years. There is a huge demand for plant sterol esters in the Middle East and Africa, which is predicted to further boost global plant sterol esters market earnings in the coming decade. Emerging economies such as South Africa, India, China, Malaysia, Mexico, and Brazil are predicted to create new growth avenues for plant sterol esters market in the years to come.
Global Plant Sterol Esters Market: Competitive Players
The key market players of the global plant sterol esters market includeArboris LLC, BASF SE, Raisio Plc, Enzymotech Ltd., 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., and Pharmachem Laboratories, Inc. among several others.
Global Plant Sterol Esters Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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- Emerging segments and regional markets
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