Sterols Market Size, Share, Growth Report 2032

Sterols Market Size & Industry Analysis:

The global sterols market size was worth around USD 1 billion in 2021 and is predicted to grow to around USD 2.1 billion by 2028 with a compound annual growth rate (CAGR) of roughly 7.9% between 2022 and 2028. The report analyzes the global sterols market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Sterols market.

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Sterols Market: Overview

 In the cell membranes of the plants, sterols are found which are the compounds that naturally occur in the plants. Plant sources of the Sterols are vegetable oils, tall oils, nuts, and cereals. There are many other sources of Sterols that are plant-based. Major sources of sterols are sunflower oil, corn oil, and soybean oil.

As the cases of various cardiovascular diseases have increased in recent times the demand for healthy food has grown significantly. The food habits of consumers have also changed. These factors will provide good opportunities for the growth of the global sterols market during the forecast period.

The absorption of cholesterol in the body is reduced due to the consumption of Sterols. It offers many benefits to human beings due to which the demand for Sterols has grown significantly in recent times and it will continue to grow well in the coming years. Many deaths occur across the globe which are mainly due to cardiovascular diseases. The availability of products that are sterile based is less in the market especially for developing nations due to which the number of people dying due to the complexities of cardiovascular diseases has increased.

This industry was largely hit due to the outbreak of the COVID-19 pandemic as manufacturing activities were at a standstill. As the workforce was not available and the supply chains were disrupted during the COVID-19 pandemic, production was affected to a great extent. As the need for Sterols in various end-user industries has grown and the demand for this product is more for the food and beverages industry as well as the personal care industry the market is expected to show significant growth.

Key Insights

• As per the analysis shared by our research analyst, the global Sterols market is estimated to grow annually at a CAGR of around 7.9% over the forecast period (2022-2028).
• The global Sterols market size was worth around USD 1 billion in 2021 and is predicted to grow to around USD 2.1 billion by 2028
• By type, the phytosterols segment will generate maximum revenue as the demand for phytosterols is maximum in the market.
• By application, the use of Sterols is maximum in the food and beverages industry across the globe. The personal care segment will also generate a good amount of revenue in the long run.
• Based on region, Europe was the leading revenue generator in 2021.

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Sterols Market: Growth Drivers

Use of sterols in various industries to spur global market growth

Sterols are used in various end-user industries, especially in the food and beverages industry. The demand for functional foods has also grown significantly and it shall prove to be a driving force for the growth of the global sterols market. Increased use of these Sterols in the personal care products like anti-aging products will also lead to the growth of the market. The cosmetics industry is also making extensive use of Sterols. Increasing cases of various chronic disorders will also lead to increased consumption of Sterols in the pharmaceutical industry. An increase in the disposable income of the consumers will lead to increased consumption of the products.

Sterols Market: Restraints

Compromised profit margin likely to hamper the market expansion

The profit margin of the manufacturers that make use of vegetable oils in the manufacturing process is less and this happens to restrain market growth to a great extent. Constant research and development in the field and the use of biotechnology for processing will help in the long run. The processes are cost-intensive, and it hampers the supply to the end user industries and manufacturing also requires a huge amount of investments; all these factors will restraint the growth of the market during the forecast period.

Sterols Market: Opportunities

Food production industry in many nations has grown significantly in recent years

To prevent chronic conditions, the demand for food products that are cholesterol free has increased in the market. The patients suffering from cardiovascular diseases are also seeking better products for their health. The growing prevalence of high cholesterol, high blood pressure and diabetes will lead to the growth of the global sterols market and will provide maximum opportunities in the coming years, especially in developing nations across the globe. The export of various food products will also lead to increased consumption of sterols.

Sterols Market: Challenges

Consumption of sterols has some side effects.
There are some side effects associated with the consumption of phytosterols which are also called plant sterols. These are the compounds that naturally occur, and they have a similar structure to that of the cholesterols which are found in the human body. With the consumption of these Sterols, the side effects like heartburn, upset stomach, flatulence, constipation, and nausea are seen in the patients. There are other risks like the increased intensity of all these side effects. And these products cannot be administered to people that suffer from phytosterolemia.

Sterols Market: Segmentation

The global Sterols market is segmented based on source, type, form, application and, geography.

Depending upon the source, global sterols market is segmented into vegetable oil, pine trees, and animals. The vegetable oil segment is expected to dominate the market in the coming years. The demand for products derived using vegetable oils is more therefore the segment will grow significantly.

Depending upon the type of sterols, the market is segmented into phyto sterols, zoo sterols, and mycosterols. Phyto sterols will generate maximum revenue and they have dominated the market with a revenue of about 45%. Plant sterols help in blocking the excessive absorption of cholesterol and they play a significant role in improving the health of the heart. After the outbreak of the COVID-19 pandemic, the demand for healthy food has grown rapidly as the cases of diseases associated with the heart have increased.

There are two forms of sterols, powder and granular. The powdered form of sterols has the maximum demand as it is used in various types of preparations. This segment will generate maximum revenue due to its easy use in various products.

Based on application, the sterols market is segmented into food, pharmaceutical, cosmetics, and dietary supplements. Sterols have maximum application in the food industry, and it has generated a revenue of about 31% in the past. The demand for Sterols in companies that are engaged in food processing will lead to growth in the market. In the United States, there are about 36,486 plants for food processing that make use of various products, and this plays a significant role in the growth of the market. Apart from the use of sterols in the food and beverages industry, the demand for this product in the segment of personal care is also expected to grow.

Recent Developments:

• The world's first functional drink was launched by Way2B in the year 2019 which is a plant sterol and is water soluble. This functional ring is available in the serving bottles which are individually provided at the Cub foods and Lunds and Byerly's food stores through Amazon.
• Sterol extraction units were increased by BASF forex France location to meet the growing demand for sterols across the world. These Sterols are used in the manufacturing of dietary supplements, and they are also used as functional foods as they provide good advantages to health by reducing cholesterol levels and controlling cholesterol levels.

Sterols Market Report Scope:

Sterols Market: Regional Analysis

The European region has dominated the global sterols market in the past with a share of about 33% as there has been a growing demand for the products of personal care, food & beverages, and there has been a growth in the pharmaceutical industries in the European region. The United Kingdom and Germany are the developed nations of the European region that are playing a significant role in driving the market growth to a great extent. Non-GMO products have a greater demand, and these products will support the sterols market growth. Labels that mention phytosterol are made mandatory in the European region. The growing need for phytosterols by the heart patient which helps in regulating adequate blood flow will also be favorable for the market growth. The growing prevalence of coronary heart disease and CVD will also play a significant role in the growth of the market.

Sterols Market: Competitive Analysis

The global sterols market is dominated by players like BASF SE, Cargill Incorporated, The Archer Daniels Midland Company, 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, Advanced Organic Materials, S.A

The global Sterols market is segmented as follows:

By Source:

• Vegetable oils
  • Soya
  • Corn
  • Cottonseed
  • Sunflower
  • Groundnut
  • Rapeseed/Canola
  • Others
• Pine trees
• Animal

By Type:

• Phytosterols
  • Campesterol
  • Beta-Sitosterol
  • Stigmasterol
  • Other Phytosterols
• Zoosterols
• Mycosterols

By Form:

• Powder
• Granular

By Application

• Food
  • Dairy Products
  • Sauces & Dressings
  • Beverages
  • Bakery
  • Confectionery
  • Others
• Pharmaceuticals
• Personal Care & Cosmetics
• Dietary Supplements
• Biochemistry
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa