Sterols Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players.webp "Sterols Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Sterols Market Analysis
The market for sterols is expected to grow at a CAGR of more than 6% globally during the forecast period.
- Rising needs in medical applications as well as growing usage in the food industry are driving the market growth.
- The impact of COVID-19 on the supply chain is likely to hinder the growth of the market.
- Research & development on sterols for its usage in emerging applications are expected to act as an opportunity for the market.
Sterols Market Trends
This section covers the major market trends shaping the Sterols Market according to our research experts:
Growing Demand from Pharmaceuticals Application
- Sterols are used for a wide range of pharmaceutical applications.
- Sterols are an effective choice for reducing cholesterol levels and are safe for children as well as adults.
- Moreover, these high cholesterol levels can cause heart failure risk, and hence doctors prescribe consumers in need to consume plant sterols for lowering down the risk of heart disease.
- Additionally, people who consume a sufficient amount of sterols as a part of their diet seem to have a lower risk of gastric cancer.
- Plant sterols are also aid in the treatment of some stomach cancer, colon cancer, and rectal cancer. In addition to this, these plant sterols further aid in weight loss.
- The Pharmaceuticals industry is growing, owing to the rising number of diseases worldwide, which in turn is expected to drive the market for sterols in pharmeceutical industry.
Europe Region to Dominate the Market
- Europe region is the largest market for sterols, mainly driven by the rising aging population and increased awareness level regarding health as well as wellness.
- Moreover, a significant increase in the incidences of death caused due to various heart and cardiovascular diseases is also one of the factors contributing to the growing market for sterols in the region.
- Spain, Italy, France along with few others are among the major countries in the region that are involved in the manufacturing of sterols, owing to the abundance of raw materials availability including vegetable oils (corn oil, soybean oil, etc.).
- Finland and the Netherlands, followed by Belgium, Germany and the United Kingdom are among the largest producer of varied food products that involves sterols in production. Growing food & beverage production in these countries are thereby expected to drive the market for sterols in Europe.
- The pharmaceutical industry in European region too is rising, majorly driven by continuous focus on research and development, along with the need to bring new and safer medicines in the market.
- As per the 2019 data given by European Federation of Pharmaceutical Industries and Association (EFPIA), in 2018, the pharmaceutical industry had invested more than EUR 36,500 million in R&D, which further increased through 2019.
- Overall, such factors are expected to drive the market for sterols in the European region through the years to come.
Sterols Industry Overview
The global sterols market is partially consolidated in nature with few players occupying a major share in the market. Some of the major players in sterols market includes BASF SE, Cargill Incorporated, The Lubrizol Corporation, ADM, Arboris, and ConnOils LLC among others.
Sterols Market Leaders
-
BASF SE
-
Cargill, Incorporated
-
The Lubrizol Corporation
-
ADM
-
Arboris
*Disclaimer: Major Players sorted in no particular order
Sterols Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Rising need in Medical Industry
- 4.1.2 Growing Applications in Food Industry
-
4.2 Restraints
- 4.2.1 Impact on Supply Chain due to COVID-19 outbreak
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Source
- 5.1.1 Vegetable Oil
- 5.1.2 Pine
-
5.2 Type
- 5.2.1 Phytosterols
- 5.2.1.1 Campesterol
- 5.2.1.2 Beta-Sitosterol
- 5.2.1.3 Stigmasterol
- 5.2.1.4 Other Phytosterols
- 5.2.2 Zoosterols (Cholestrol)
- 5.2.3 Other Types
-
5.3 End-user Industry
- 5.3.1 Pharmaceuticals
- 5.3.2 Food & Beverage
- 5.3.3 Dietary Supplements
- 5.3.4 Cosmetics
- 5.3.5 Other End-user Industries
-
5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 ADM (Archer Daniels Midland)
- 6.4.3 Advanced Organic Materials, S.A.
- 6.4.4 Arboris
- 6.4.5 Cargill, Incorporated
- 6.4.6 ConnOils LLC
- 6.4.7 Matrix Fine Sciences Pvt. Ltd.
- 6.4.8 The Lubrizol Corporation
- 6.4.9 Vitae Caps S.A.
- 6.4.10 Xi'an Healthful Biotechnology Co., Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Research & Development on Sterols for its Usage in Emerging Applications
Sterols Industry Segmentation
The Sterols Market report include:
| Source | Vegetable Oil | |
| Pine | ||
| Type | Phytosterols | Campesterol |
| Beta-Sitosterol | ||
| Stigmasterol | ||
| Other Phytosterols | ||
| Type | Zoosterols (Cholestrol) | |
| Other Types | ||
| End-user Industry | Pharmaceuticals | |
| Food & Beverage | ||
| Dietary Supplements | ||
| Cosmetics | ||
| Other End-user Industries | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Sterols Market Research FAQs
What is the current Sterols Market size?
The Sterols Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Sterols Market?
BASF SE , Cargill, Incorporated , The Lubrizol Corporation , ADM and Arboris are the major companies operating in the Sterols Market.
Which is the fastest growing region in Sterols Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sterols Market?
In 2024, the Europe accounts for the largest market share in Sterols Market.
What years does this Sterols Market cover?
The report covers the Sterols Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sterols Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sterols Industry Report
Statistics for the 2024 Sterols market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sterols analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
