Europe Sterol Market Size (2024 - 2029)

Europe Sterol Market Analysis

The European sterol market is expected to register a CAGR of over 5% during the forecast period.

Sterol was used during the COVID-19 pandemic and post-pandemic in medical, pharmaceutical, and other consumer products to control the virus outbreak. Despite the challenges posed during the pandemic, some pharmaceutical companies have continued to invest in research and development of sterol-based drugs. This has helped to maintain the market for sterols in Europe. Additionally, the European Commission has taken steps to ensure that the supply of essential medicines, including those containing sterols, is maintained during the pandemic. Moreover, in 2021, the increasing awareness about the health benefits of sterols is expected to further boost the market growth.

• Over the short term, the demand from the pharmaceutical, food, and beverage industries is accelerating the market's growth.
• However, one of the main factors hindering the expansion of the European sterol market is the high cost of the raw materials used in their manufacturing.
• Nevertheless, chances for the market over the forecast period are expected to emerge from sustainable and effective bio-based, GMO-based sterol products.
• In terms of revenue, Germany is expected to dominate the European market during the forecast period.

Europe Sterol Industry Segmentation

Sterols are a group of generally unsaturated, solid polycyclic alcohols that can be found in both plants and animals. Sterols are utilized in various medicinal applications and operate to decrease cholesterol by preventing the body from absorbing as much of the substance. Some sterols may also lessen the body's production of cholesterol. Additionally, a range of additional disorders, like obesity, heart attacks, colon cancer, stomach cancer, and cardiovascular disease, are all treated using plant sterols. The European sterol market is segmented by source, type, end-user industry, and geography. By source, the market is segmented into vegetable oil and pine. By type, the market is segmented into phytosterols, zoosterols (cholesterol), and other types. By end-user industry, the market is segmented into pharmaceuticals, food and beverage, dietary supplements, cosmetics, and other end-user industries. By geography, the market is segmented into Germany, United Kingdom, Italy, France, Spain, Nordic Countries, and Rest of Europe. The report covers the market size and forecast in five countries in the European region. For each segment, the market sizing and forecasts have been provided on the basis of value (USD Million).