Sterols Market - Forecast(2023 - 2028)

Report Code: CMR 65088 Report Format: PDF + Excel

Sterols Market Overview

Sterols Market size is forecast to reach US$1,585.7 million by 2027, after growing at a CAGR of 7.5% during 2022-2027. Sterols are the naturally occurring compounds that are majorly found in the cell membranes of plants (vascular plant). Sterols are obtained from plant sources such as cereals, nuts, vegetable oils, and tall oils among others. Vegetable oils including sunflower oil, soybean oil, and corn oil are the major sources of sterols. Beta-sitosterol is one of many sterols that come from plants. Sterols are a subgroup of steroids and they are amphipathic lipids synthesized from acetyl-coenzyme. The change in consumer food habits along with the increase in the prevalence of cardiovascular diseases are some of the major factors expected to drive the market growth for sterols during the forecast period. Sterols reduce cholesterol absorption, due to their structural resemblance with cholesterol and offer many benefits for human health. According to the WHO, cardiovascular diseases (CVDs) are one of the leading causes of death globally, and also estimated at approximately 17.9 million die each year. However, the limited availability of sterol-based products in developing economies and fluctuating raw material prices are likely to hamper the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic impacted different industries; one of the few industries that were primarily hit to some extent was the sterols industry. The delay in manufacturing activities and shut down different end-use industries such as personal care, food & beverages in both developed and developing nations impacted the market growth for sterols during covid-19. However, the sterols industry faced problems related to the supply chain, lack of workforce, and lack of raw materials supply among others. The governments in various countries have given some special permission to food and pharmaceutical companies during the covid-19 pandemic. So the demand for sterols has been impacted on a small scale compared to other markets.

Sterols Market

Report Coverage

The report: “Sterols Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments of the Sterols industry.

By Source: Vegetable oils [Soya, Corn, Cottonseed, Sunflower, Groundnut, Rapeseed/Canola, and others], Pine trees, and Animal
By Type: Phytosterols [Campesterol, Beta-Sitosterol, Stigmasterol, and Other Phytosterols], Zoosterols, and Mycosterols
By Form: Powder, and Granular
By Application: Food [Dairy Products, Sauces & Dressings, Beverages, Bakery and Confectionery, and Others], Pharmaceuticals, Personal Care & Cosmetics, Dietary Supplements, Biochemistry, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East and Africa)

Key Takeaways

  • The Asia Pacific is expected to register the highest CAGR of 6.6% during the forecast period (2021-2026).Rapid urbanization, emerging economies, and the growing population are the major factors driving the market growth.
  • The Phytosterols segment is expected to hold a major market share during the forecast period 2022-2027.
  • The increasing market for personal care and the growing importance of sterols among end -users are the key factors driving the Sterols Market

Figure: Europe Sterols Market Revenue, 2021-2027 (US$ Billion)

Sterols Market

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Sterols Market Segment Analysis - By Type

The Phytosterols segments accounted for approximately 45% of the market share in 2021 and are estimated to grow at a significant CAGR during the forecast period. Phytosterols, also known as plant sterols, are a family of molecules related to cholesterol. Phytosterols block the absorption of cholesterol and also improve heart health and decrease blood levels of LDL (bad) cholesterol in the body. They are extensively found in nuts, seeds, vegetable oil, and margarine among others. So phytosterols are added to food and supplements to enhance heart health. Hence the growing demand for healthy food along with the increasing incidence of heart-related diseases are driving the market for phytosterols segment. According to the European Food Safety Authority (EFSA), if a person consumes 1.5 to 2.4 gm of plant sterols and stanols per day, then the blood cholesterol level can be reduced by 7-10%.

Sterols Market Segment Analysis – By Application

The food segment accounted for more than 31% of the market share in 2021 and is estimated to grow significantly during the forecast period. The increasing number of food processing companies along with the growing consumption of processed food is supporting the market growth for the food segment. The food segment includes dairy products, sauces & dressings, beverages, bakery and confectionery, and others. According to the facts published by USDA, there are approximately 36,486 food processing plants in the United States. These plants include different types of food processing including, dairy processing, bakery processing, oil processing, and others. The United States Department of Agriculture reported that the food industry generated approximately US$1.7 trillion in 2019 in the United States. Hence, the food industry growth will drive the Sterols Market. The personal care segment is also expected to register significant growth during the forecast period. According to Cosmetics Europe, the European cosmetics products market is valued at USD67.2 billion at a retail sales price in 2020. Hence the growth in usage of personal care products is also driving the market for the Sterols Market.

Sterols Market Segment Analysis - By Geography

European region held the largest share in the Sterols Market in 2021, up to 33%, owing to the rapid growth in food & beverage, personal care, and pharmaceutical industries in the region. The presence of developed nations such as Germany and the United Kingdom is driving the market growth in the region. The increasing demand for non-GMO products in the European region is supporting the market growth for sterols. The European Union has made it mandatory for the food manufacturers to label their products with the content of phytosterol in the product specifications. Phytosterol products are widely preferred among heart patients to regulate proper blood flow. Cardiovascular diseases (CVD) remain the leading cause of death in Europe accounting for 45% of all deaths. More than 4 million Europeans die every year from CVD, primarily from coronary heart disease (CHD) and stroke. Hence the growth in CVD diseases along with the growing demand for healthy food is supporting the market for sterols in the European region.

Sterols Market Drivers:

Growth demand for nutritional and healthy food

The demand for nutritional and healthy food from consumers is expanding at a rapid pace. Healthy food includes nutrients added to them and they help to boost the nutritional value and benefit the health of consumers. Food ingredients such as vitamins, prebiotics, minerals, amino acids, and antioxidants, are the key ingredients of nutritional food. The health-conscious population is rapidly expanding in both emerging markets and developed markets are driving the demand for sterols. Various factors such as increasing instances of chronic diseases and micronutrient deficiencies, growth of the middle class in emerging economies, new government fortification programs, are also supporting the market growth. According to Invest India data, the domestic food processing industry employs approximately 1.93 million people in around 39,748 processing units with fixed capital of US$32.75 billion. The country also produced approximately 198.4 mn tonnes of milk during 2019-20 and export of meat, dairy, and poultry products increased from US$483.5 mn in April-June 2020 to US$1022.5 mn in April-June 2021. The increasing preference for cholesterol-less food to prevent chronic conditions such as cardiovascular diseases, blood pressure, high cholesterol, diabetes, and others are driving the market growth.

Sterols Market Challenges:

Side effects of consuming phytosterols

Phytosterols, also known as plant sterols or stanol esters, are naturally occurring compounds found in plants that are similar in structure to cholesterol found in humans. The products offer various benefits along with some mild side effects such as constipation, nausea, upset stomach, heartburn, flatulence, and the discoloration of stools among others. Higher sterol doses are associated with an increased risk of side effects and these products are not given to people with a rare genetic disorder called phytosterolemia.

Sterols Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Sterols Market. Major players in the Sterols Market include

  1. BASF SE
  2. Cargill Incorporated
  3. The Archer Daniels Midland Company
  4. Raisio Plc.
  5. Arboris LLC
  6. ConnOils LLC
  7. Vitae Caps S.A.
  8. Lipofoods SLU (Lubrizol Company)
  9. Xi'an Healthful Biotechnology Co., Ltd.
  10. Matrix Fine Sciences Pvt. Ltd.
  11. Fairchem Specialty Limited
  12. Advanced Organic Materials, S.A
  13. Other Companies

Recent Developments

  • In October 2019, Way2B Launches World's First Functional Drink with Water-Soluble Plant Sterols. Way2B Way Better Water™ Drink is available in individual-serving bottles at Lunds & Byerlys and Cub Foods stores throughout the Twin Cities metro, and at Amazon.com through their LaunchPad program.

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1. Sterols Market Overview
    1.1 Definitions and Scope 
2. Sterols Market- Executive Summary
    2.1 Key Trends by Source
    2.2 Key Trends by Type
    2.3 Key Trends by Form
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Sterols Market– Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Sterols Market - Startup Companies Scenario Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Sterols Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Sterols Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Sterols Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Sterols Market – By Source (Market Size -US$ Million/Billion)
    8.1 Vegetable Oil
        8.1.1 Soya
        8.1.2 Corn
        8.1.3 Cottonseed
        8.1.4 Sunflower
        8.1.5 Groundnut
        8.1.6 Rapeseed/Canola
        8.1.7 Others
    8.2 Pine Trees 
    8.3 Animal
9. Sterols Market – By Type (Market Size -US$ Million/Billion)
    9.1 Phytosterols
        9.1.1 Campesterol
        9.1.2 Beta-Sitosterol
        9.1.3 Stigmasterol
        9.1.4 Other Phytosterols
    9.2 Zoosterols
    9.3 Mycosterols
10. Sterols Market – By Form (Market Size -US$ Million/Billion)
    10.1 Powder
    10.2 Granular
11. Sterols Market – By Application (Market Size -US$ Million/Billion)
    11.1 Food
        11.1.1 Dairy Products
        11.1.2 Sauces & Dressings
        11.1.3 Beverages
        11.1.4 Bakery and Confectionery
        11.1.5 Others
    11.2 Pharmaceuticals
    11.3 Personal Care & Cosmetics
    11.4 Dietary Supplements
    11.5 Bio-chemistry
    11.6 Others
12. Sterols Market - By Geography (Market Size -US$ Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zealand
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.1.1 Saudi Arabia
        12.5.1.2 UAE
        12.5.1.3 Israel
        12.5.1.4 Rest of the Middle East
        12.5.2 Africa
        12.5.2.1 South Africa
        12.5.2.2 Nigeria
        12.5.2.3 Rest of Africa
13. Sterols Market– Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Sterols Market – Industry/Segment Competition Landscape Premium 
    14.1 Company Benchmarking – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Sterols Market – Key Company List by Country Premium Premium 
16. Sterols Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Sterols and Value Analysis, by Raw Material Market 2019-2024 ($M)
2.Global Sterols and Value Analysis, by Type Market 2019-2024 ($M)
3.Global Competition Landscape Market 2019-2024 ($M)
3.1 BASF SE Market 2019-2024 ($M) - Global Industry Research
3.2 Archer-Daniels-Midland Company Market 2019-2024 ($M) - Global Industry Research
3.3 Cargill Inc. Market 2019-2024 ($M) - Global Industry Research
3.4 Raisio Plc Market 2019-2024 ($M) - Global Industry Research
4.Global Sterols and Value Analysis, by Raw Material Market 2019-2024 (Volume/Units)
5.Global Sterols and Value Analysis, by Type Market 2019-2024 (Volume/Units)
6.Global Competition Landscape Market 2019-2024 (Volume/Units)
6.1 BASF SE Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Archer-Daniels-Midland Company Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Cargill Inc. Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Raisio Plc Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Sterols and Value Analysis, by Raw Material Market 2019-2024 ($M)
8.North America Sterols and Value Analysis, by Type Market 2019-2024 ($M)
9.North America Competition Landscape Market 2019-2024 ($M)
9.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
9.2 Archer-Daniels-Midland Company Market 2019-2024 ($M) - Regional Industry Research
9.3 Cargill Inc. Market 2019-2024 ($M) - Regional Industry Research
9.4 Raisio Plc Market 2019-2024 ($M) - Regional Industry Research
10.South America Sterols and Value Analysis, by Raw Material Market 2019-2024 ($M)
11.South America Sterols and Value Analysis, by Type Market 2019-2024 ($M)
12.South America Competition Landscape Market 2019-2024 ($M)
12.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
12.2 Archer-Daniels-Midland Company Market 2019-2024 ($M) - Regional Industry Research
12.3 Cargill Inc. Market 2019-2024 ($M) - Regional Industry Research
12.4 Raisio Plc Market 2019-2024 ($M) - Regional Industry Research
13.Europe Sterols and Value Analysis, by Raw Material Market 2019-2024 ($M)
14.Europe Sterols and Value Analysis, by Type Market 2019-2024 ($M)
15.Europe Competition Landscape Market 2019-2024 ($M)
15.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
15.2 Archer-Daniels-Midland Company Market 2019-2024 ($M) - Regional Industry Research
15.3 Cargill Inc. Market 2019-2024 ($M) - Regional Industry Research
15.4 Raisio Plc Market 2019-2024 ($M) - Regional Industry Research
16.APAC Sterols and Value Analysis, by Raw Material Market 2019-2024 ($M)
17.APAC Sterols and Value Analysis, by Type Market 2019-2024 ($M)
18.APAC Competition Landscape Market 2019-2024 ($M)
18.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
18.2 Archer-Daniels-Midland Company Market 2019-2024 ($M) - Regional Industry Research
18.3 Cargill Inc. Market 2019-2024 ($M) - Regional Industry Research
18.4 Raisio Plc Market 2019-2024 ($M) - Regional Industry Research
19.MENA Sterols and Value Analysis, by Raw Material Market 2019-2024 ($M)
20.MENA Sterols and Value Analysis, by Type Market 2019-2024 ($M)
21.MENA Competition Landscape Market 2019-2024 ($M)
21.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
21.2 Archer-Daniels-Midland Company Market 2019-2024 ($M) - Regional Industry Research
21.3 Cargill Inc. Market 2019-2024 ($M) - Regional Industry Research
21.4 Raisio Plc Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Sterols Market Revenue, 2019-2024 ($M)
2.Canada Sterols Market Revenue, 2019-2024 ($M)
3.Mexico Sterols Market Revenue, 2019-2024 ($M)
4.Brazil Sterols Market Revenue, 2019-2024 ($M)
5.Argentina Sterols Market Revenue, 2019-2024 ($M)
6.Peru Sterols Market Revenue, 2019-2024 ($M)
7.Colombia Sterols Market Revenue, 2019-2024 ($M)
8.Chile Sterols Market Revenue, 2019-2024 ($M)
9.Rest of South America Sterols Market Revenue, 2019-2024 ($M)
10.UK Sterols Market Revenue, 2019-2024 ($M)
11.Germany Sterols Market Revenue, 2019-2024 ($M)
12.France Sterols Market Revenue, 2019-2024 ($M)
13.Italy Sterols Market Revenue, 2019-2024 ($M)
14.Spain Sterols Market Revenue, 2019-2024 ($M)
15.Rest of Europe Sterols Market Revenue, 2019-2024 ($M)
16.China Sterols Market Revenue, 2019-2024 ($M)
17.India Sterols Market Revenue, 2019-2024 ($M)
18.Japan Sterols Market Revenue, 2019-2024 ($M)
19.South Korea Sterols Market Revenue, 2019-2024 ($M)
20.South Africa Sterols Market Revenue, 2019-2024 ($M)
21.North America Sterols By Application
22.South America Sterols By Application
23.Europe Sterols By Application
24.APAC Sterols By Application
25.MENA Sterols By Application