[252] The global market of plant sterol esters is currently valued at around US$ 797.1 Mn, and is anticipated to reach US$ 1,180.4 Mn by 2027. The global business is anticipated to witness a considerable CAGR of 6.8% during the period of 2022 and 2027.
| Attribute | Details |
|---|---|
| Plant Sterol Esters Market Value (2021A) | US$ 797.1 Million |
| Plant Sterol Esters Market Estimation (2022E) | US$ 851.4 Million |
| Plant Sterol Esters Market Projections (2027F) | US$ 1,180.4 Million |
| Value CAGR (2022-2027) | 6.8% |
| Collective Value Share: Top 3 Countries (2022E) | 32.7% |
In the forecast period, increased consumption of plant sterol esters in various applications such as cosmetics, food & beverages, and pharmaceuticals is expected to drive sales. Considering this, FMI has forecast the global plant sterol esters sales to reach a valuation of US$ 1,180.4 Mn in 2027.
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 7.0% |
| H1,2022 Projected (P) | 7.6% |
| H1,2022 Outlook (O) | 7.3% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 30 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 30 ↑ |
A half year growth comparison for plant sterol esters market along with market dynamics and industry trends influencing the growth has been presented by Future Market Insights. Over the projected period, the sales are anticipated to be driven by an increase in the application of plant sterol esters in numerous end-use industries.
Food and beverage are the key sectors driving demand for plant sterol esters. Additionally, rising food and beverage consumption around the world is anticipated to boost market expansion.
To fulfil the rising demand, companies recently redirected their attention to developing nations to boost their production volume. A number of firms are likewise concentrating on enhancing their manufacturing capacities, R&D expenditures, partnerships, and mergers and acquisitions.
Many companies have invested in the study and development of plant sterols and plant sterol esters, which has resulted in the introduction of new products with improved efficacy and cholesterol-lowering capabilities.
The market is expected to growth with a CAGR of 7.3% in first half 2022, a 30 bps fall as compare to the earlier growth projections for the same period. Key reasons for this change in growth rate are attributed to certain growth slowdown in the manufacturing industries owing to higher recovery in the year 2021. Further supply constraints resulted from the rise in the geopolitical tensions are also expected to impact the growth.
The number of people with excessive cholesterol is rising, and during the projection period, this is likely to lead to an increase in sterol ester consumption. Increased consumer spending for functional foods & dietary supplements is driving the market & expected to pave the growth path over the forecast period.
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Sales of Plant Sterol Esters increased at a 6.2% CAGR, between 2012 and 2021, with increasing applications accounting for a substantial portion of the global market. COVID-19 has had a devastating effect on the plant sterols market in 2 ways: directly impacting production and demand, and causing distribution network and market disruption. However, the potential of plant sterol esters is being identified by many scientific studies, leaving plenty of room to restructure the sector even in the face of ongoing COVID-19 situations.
Plant Sterol Esters' increasing use in a variety of end-use industries is expected to drive the sales over the forecast period. The key industries driving demand for plant sterol esters are food and beverage. Furthermore, growing food and beverages consumption all over the globe is expected to augment the growth of the market.
When sterol and a fatty acid are synthesized, a sterol ester is formed (esterification). Sterol Esters are a heterogeneous chemical compound found in trace amounts in almost all cell types. Plant sterols are known as phytosterols, which is a general term for plant-derived sterols and stanols found in plant fatty tissues. Plant sterol ester is formed when plant sterol is esterified with fatty acids.
Consumer spending for functional foods and dietary supplements is driving the market for plant sterol esters, which holds promise for plant phytosterols. Plant sterol ester is regarded as one of the top ten nutritional breakthroughs in the world. Because of its nutritional benefits, the market for Plat sterol ester is rapidly expanding. The sales for plant sterol ester in the food market is the primary growth driver, with food supplements contributing significant market growth.
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The Covid-19 pandemic has impacted nearly every industry due to logistical constraints imposed by Covid standards and regulations. The rapid spread of the COVID-19 pandemic has had a negative impact on the market for plant sterol esters. COVID-19 has caused supply chains for plant sterol esters to be disrupted in major users.
However, raw - materials demand and supply will be insufficient due to the lockdown and price volatility, posing a major challenge to the market's growth. The market growth rate will be slowed by high costs associated with research and development capabilities, dearth of awareness among the population in regions such as the Middle East, high overhead expenses associated with product extraction, and strict global trade restrictions.
However, the market is expected to grow during the forecast period as a result of its applications in various segments, which are expected to boost the market.
The United States is expected to account for a significant portion of the global market, according to FMI. The United States is expected to dominate the North American market with a significant value share in terms of consumption over the forecast period. Growth in the plant sterol industry is directly linked with the growth in the plant sterol esters industry as plant sterol esters are made using plant sterol and contain about 60% plant sterol in them.
Growing use of plant sterol esters in various end use applications, such as yoghurts, salad dressings, mayonnaise, milk, vegetable oils, medicines, dietary supplements and drinks, such as beer, cold drinks, etc. is expected to drive the plant sterol market during the forecast period. End use industries have increased their usage of plant sterol esters due to the health benefits associated with plant sterol esters.
All of these factors are leading to growing consumption of plant sterol esters all over the globe. U.S. market of plant sterol esters is expected to reach a value of US$ 194.8 Mn by the end of 2027.
Because of increased research and development projects as well as increased demand from a variety of end-user industries, Germany tends to dominate the plant sterol esters market in the European market. Because of its initial implementation of the bio-based economy, Europe continues to dominate the phytosterols market. Cardiovascular diseases are one of the top causes of mortality in European countries.
As a result, the use of phytosterols in the food and pharmaceutical industries has increased because they protect against cardiovascular disease, reduce intestinal cholesterol absorption, and lower blood cholesterol levels. Increasing use of plant sterol esters in cosmetics in Europe and other regions is expected to drive the plant sterol market during the forecast period. Plant sterol esters used in cosmetic products have many benefits.
For instance, they are miscible with plant oils, they increase the viscosity of cream and lotion and provide them with a shiny appearance, can be used in anti-ageing creams and provide protection against UV rays. Germany is estimated to create an incremental dollar opportunity of about US$ 21.6 Mn during the period of 2022 and 2027 in the market if plant sterol esters.
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The plant sterol esters’ food segment is expected to grow at a prominent value of 7.1% CAGR, over the forecast period of 2022 to 2027. Individuals, these days, have become quite concerned about their health and are changing their preference form conventional food to food items with higher protein, less fat and low cholesterol or cholesterol removing agents.
Companies, such as, DANONE, Coca-Cola, etc. have started adding plant sterols and plant sterol esters into their products as individuals are showing increasing interest in buying such products. These factors are expected to act as drivers for the growth of the market during the forecast period. Owing to this property of plant sterol esters, products based on plant sterol esters are becoming more popular in different end use industries, specially the food & beverage industry, which is acting as a driver for the growth of plant sterol esters market.
The dietary supplements segment is projected to create an absolute dollar opportunity of more than US$ 81.3 Mn during the period of 2022 to 2027. People were restricted to their homes when the pandemic struck. Having to walk outdoors was also prohibited in some regions, for which long periods of time were spent in front of the television or computer.
Many people gain weight as a result of a lack of exercise. Obesity is linked to several major risk factors for cardiovascular disease, including high LDL cholesterol levels. Adults who are obese are more likely to develop cardiovascular disease and other health issues. As a result, demand for cholesterol-lowering dietary supplements began to rise.
Population suffering from high cholesterol levels is increasing, which, in turn, is expected to increase sterol ester consumption during the forecast period. Thus, to curb the negative effects of bad cholesterol, plant sterol ester manufacturing companies are creating awareness among individuals, which is expected to the drive the market during the forecast period.
In recent years, producers have shifted their focus to emerging countries in order to meet the growing demand for Plant Sterol Esters. Several major players are also focusing on improving their manufacturing capabilities, R&D investments, collaborations, and mergers and acquisitions. Various companies have been involved in research and development surrounding plant sterols and plant sterols esters, which is leading to the launch of new products with increased efficiency and better cholesterol lowering ability.
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The latest study conducted by Future Market Insights covers all the strategies and success factors of key manufacturers of the market.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2027 |
| Historical Data Available for | 2012 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Regions Covered | North America;Latin America Middle East & Africa; Western Europe; Eastern Europe; APEJ and Japan |
| Key Countries Covered | US, Canada, Germany, U.K., France, Italy, Spain, Russia, Poland, Nordic, China, Japan, India, Australia, NewZealand, ASEAN, Brazil, Mexico, GCC Countries, South Africa, Turkey, Israel |
| Key Segments Covered | Form, Application and Region |
| Key Companies Profiled | 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; Lamberts Healthcare |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global plant sterol esters market is expected to total US$ 851.4 Mn in 2022.
The plant sterol esters market has been estimated to exhibit growth rate of 6.8% between 2022 and 2027 on value basis.
Food application segment is expected to contribute significantly to the growth share of the overall market in 2022.
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, and others are the key market players in the global market of plant sterol esters.
The demand of plant sterol esters in U.S. is expected to increase by 6.8% CAGR between 2022 and 2027 on value basis.
1. Executive Summary
1.1. Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Viewpoint
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
4. Global Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027
4.1. Introduction
4.1.1. Market Volume Projections
4.1.2. Market Size and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Pricing Analysis
4.3. Regulations
4.4. Value Chain
5. Market Dynamics
5.1. Drivers
5.2. Trends
5.3. Restraints
6. Forecast Factors: Relevance and Impact
7. Global Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 By Form
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ MN) and Volume Analysis By Form, 2012 - 2021
7.3. Current Market Size (US$ MN) and Volume Forecast By Form, 2022 - 2027
7.3.1. Oil
7.3.2. Powder
7.4. Key Trends / Developments
7.5. Market Attractiveness Analysis By Application
8. Global Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 By Application
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ MN) and Volume Analysis By Application, 2012 - 2021
8.3. Current Market Size (US$ MN) and Volume Forecast By Application, 2022 - 2027
8.3.1. Food
8.3.1.1. Dairy
8.3.1.2. Bakery & Confectionery
8.3.1.3. Spreads & Dressings
8.3.1.4. Cereals & Snacks
8.3.1.5. Vegetable Oil
8.3.1.6. Others (Sausages & Others)
8.3.2. Beverages
8.3.3. Dietary Supplement
8.3.4. Pharmaceutical
8.3.5. Cosmetics
8.3.6. Key Trends / Developments
8.4. Market Attractiveness Analysis By Application
9. Global Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027 By Region
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ MN) and Volume Analysis By Region, 2012 - 2021
9.3. Current Market Size (US$ MN) and Volume Forecast By Region, 2022 - 2027
9.3.1. North America
9.3.2. Latin America
9.3.3. Asia Pacific Excluding Japan
9.3.4. Western Europe
9.3.5. Eastern Europe
9.3.6. Middle East and Africa
9.3.7. Japan
9.4. Market Attractiveness Analysis By Region
10. North America Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027
10.1. Introduction
10.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021
10.2.1. By Country
10.2.2. By Form Type
10.2.3. By Application
10.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027
10.3.1. U.S.
10.3.2. Canada
10.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027
10.4.1. Oil
10.4.2. Powder
10.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027
10.5.1. Food
10.5.1.1. Dairy
10.5.1.2. Bakery & Confectionery
10.5.1.3. Spreads & Dressings
10.5.1.4. Cereals & Snacks
10.5.1.5. Vegetable Oil
10.5.1.6. Others (Sausages & Others)
10.5.2. Beverages
10.5.3. Dietary Supplement
10.5.4. Pharmaceutical
10.5.5. Cosmetics
10.6. Market Attractiveness Analysis
10.6.1. By Country
10.6.2. By Form
10.6.3. By Application
11. APEJ Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027
11.1. Introduction
11.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021
11.2.1. By Country
11.2.2. By Form Type
11.2.3. By Application
11.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027
11.3.1. China
11.3.2. India
11.3.3. Australia and new Zealand
11.3.4. ASEAN
11.3.5. Rest of APEJ
11.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027
11.4.1. Oil
11.4.2. Powder
11.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027
11.5.1. Food
11.5.1.1. Dairy
11.5.1.2. Bakery & Confectionery
11.5.1.3. Spreads & Dressings
11.5.1.4. Cereals & Snacks
11.5.1.5. Vegetable Oil
11.5.1.6. Others (Sausages & Others)
11.5.2. Beverages
11.5.3. Dietary Supplement
11.5.4. Pharmaceutical
11.5.5. Cosmetics
11.6. Market Attractiveness Analysis
11.6.1. By Country
11.6.2. By Form
11.6.3. By Application
12. Japan Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027
12.1. Introduction
12.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021
12.2.1. By Form Type
12.2.2. By Application
12.3. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027
12.3.1. Oil
12.3.2. Powder
12.4. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027
12.4.1. Food
12.4.1.1. Dairy
12.4.1.2. Bakery & Confectionery
12.4.1.3. Spreads & Dressings
12.4.1.4. Cereals & Snacks
12.4.1.5. Vegetable Oil
12.4.1.6. Others (Sausages & Others)
12.4.2. Beverages
12.4.3. Dietary Supplement
12.4.4. Pharmaceutical
12.4.5. Cosmetics
12.5. Market Attractiveness Analysis
12.5.1. By Form
12.5.2. By Application
13. Western Europe Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027
13.1. Introduction
13.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021
13.2.1. By Country
13.2.2. By Form Type
13.2.3. By Application
13.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027
13.3.1. Germany
13.3.2. Italy
13.3.3. France
13.3.4. U.K.
13.3.5. Spain
13.3.6. BENELUX
13.3.7. Nordic
13.3.8. Rest of Western Europe
13.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027
13.4.1. Oil
13.4.2. Powder
13.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027
13.5.1. Food
13.5.1.1. Dairy
13.5.1.2. Bakery & Confectionery
13.5.1.3. Spreads & Dressings
13.5.1.4. Cereals & Snacks
13.5.1.5. Vegetable Oil
13.5.1.6. Others (Sausages & Others)
13.5.2. Beverages
13.5.3. Dietary Supplement
13.5.4. Pharmaceutical
13.5.5. Cosmetics
13.6. Market Attractiveness Analysis
13.6.1. By Country
13.6.2. By Form
13.6.3. By Application
14. Eastern Europe Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027
14.1. Introduction
14.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021
14.2.1. By Country
14.2.2. By Form Type
14.2.3. By Application
14.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027
14.3.1. Russia
14.3.2. Poland
14.3.3. Rest of Eastern Europe
14.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027
14.4.1. Oil
14.4.2. Powder
14.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027
14.5.1. Food
14.5.1.1. Dairy
14.5.1.2. Bakery & Confectionery
14.5.1.3. Spreads & Dressings
14.5.1.4. Cereals & Snacks
14.5.1.5. Vegetable Oil
14.5.1.6. Others (Sausages & Others)
14.5.2. Beverages
14.5.3. Dietary Supplement
14.5.4. Pharmaceutical
14.5.5. Cosmetics
14.6. Market Attractiveness Analysis
14.6.1. By Country
14.6.2. By Form
14.6.3. By Application
15. Latin America Plant Sterol Ester Market Analysis 2012–2021 and Forecast 2022–2027
15.1. Introduction
15.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021
15.2.1. By Country
15.2.2. By Form Type
15.2.3. By Application
15.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027
15.3.1. Brazil
15.3.2. Mexico
15.3.3. Rest of Eastern Europe
15.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027
15.4.1. Oil
15.4.2. Powder
15.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027
15.5.1. Food
15.5.1.1. Dairy
15.5.1.2. Bakery & Confectionery
15.5.1.3. Spreads & Dressings
15.5.1.4. Cereals & Snacks
15.5.1.5. Vegetable Oil
15.5.1.6. Others (Sausages & Others)
15.5.2. Beverages
15.5.3. Dietary Supplement
15.5.4. Pharmaceutical
15.5.5. Cosmetics
15.6. Market Attractiveness Analysis
15.6.1. By Country
15.6.2. By Form
15.6.3. By Application
16. Middle East and Africa Plant Sterol Esters Market Analysis 2012–2021 and Forecast 2022–2027
16.1. Introduction
16.2. Historical Market Size (US$ MN) and Volume Analysis By Market Taxonomy, 2012 - 2021
16.2.1. By Country
16.2.2. By Form Type
16.2.3. By Application
16.3. Current Market Size (US$ MN) and Volume Forecast By Country 2022 - 2027
16.3.1. GCC Countries
16.3.2. South Africa
16.3.3. Turkey
16.3.4. Israel
16.3.5. Rest of Middle East and Africa
16.4. Current Market Size (US$ MN) and Volume Forecast By Form 2022 - 2027
16.4.1. Oil
16.4.2. Powder
16.5. Current Market Size (US$ MN) and Volume Forecast By Application 2022 - 2027
16.5.1. Food
16.5.1.1. Dairy
16.5.1.2. Bakery & Confectionery
16.5.1.3. Spreads & Dressings
16.5.1.4. Cereals & Snacks
16.5.1.5. Vegetable Oil
16.5.1.6. Others (Sausages & Others)
16.5.2. Beverages
16.5.3. Dietary Supplement
16.5.4. Pharmaceutical
16.5.5. Cosmetics
16.6. Market Attractiveness Analysis
16.6.1. By Country
16.6.2. By Form
16.6.3. By Application
17. Competition Landscape
17.1. Market Structure
17.2. Competition Intensity Mapping By Market Taxonomy
17.3. Competition Dashboard
17.4. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
17.4.1. Cargill Incorporated
17.4.2. Arboris LLC
17.4.3. Enzymotech Ltd.
17.4.4. BASF SE
17.4.5. Raisio Plc
17.4.6. Archer Daniels Midland Company
17.4.7. Xi'an Healthful Biotechnology Co., Ltd
17.4.8. Vitae Caps S.A.
17.4.9. Top Pharm Chemical Group
17.4.10. CONNOILS LLC
17.4.11. Blackmores
17.4.12. New Roots Herbal Inc.
17.4.13. Advanced Organic Materials S.A.
17.4.14. Pharmachem Laboratories, Inc.
17.4.15. Oxford Vitality Ltd.
17.4.16. Nutrartis
17.4.17. Lamberts Healthcare
18. Research Methodology
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Plant Sterol Esters Market
