Plant Sterol Esters Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the plant sterol esters market was valued at USD 807.8 million in 2022, and a CAGR of 8.8% is expected during the forecast period. Increasing demand for plant sterol esters in food, pharmaceuticals, and cosmetics is driving growth in the market. Rising food and beverage consumption is driving growth in the market significantly. Increasing demand from the pharmaceutical sector and increasing demand for enhancing manufacturing capacity are driving significant growth in the market. Increasing industrialization and urbanization are the key factors driving growth in the market.

Increasing demand for research and development is driving growth in this sector. The number of people all over the world with increased cholesterol is driving growth in the market. Increasing consumer spending on food supplements is another driving factor in the market. Growing food and beverage consumption all over the world due to an increasing population and the grooming cosmetic industry is driving the market towards new heights.

Growth Drivers

Increasing demand for excessive food and beverages due to an increasing population, a flourishing cosmetic industry, and an increasing number of bakeries and confectionaries is directly impacting the growth of this market. The pharmaceutical industry is also in demand for plant sterol esters due to the increasing number of patients with chronic diseases all over the world. The increasing demand for fragrance in the hospitality sector and the increasing number of hotels are driving growth in the market.

The overdependence of people on dietary supplements is another factor driving the growth of the market. Packaged food is also in demand due to people following their hectic schedules, which is another factor driving the growth in the market. Increasing disposable income of people in emerging economies and increasing urbanization are driving growth in the market.

Segmentation

By Form

·         Oil

·         Powder

By Application

·         Food

o   Dairy

o   Bakery

o   Confectionaries

o   Cereals and Snacks

o   Vegetable Oil

o   Others

o   Spreads and Dressings

·         Beverages

·         Dietary Supplement

·         Pharmaceuticals

·         Cosmetics

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Plant Sterol Ester Market Application Segmentation

On the basis of the application, the plant sterols ester market is segmented into food and beverages, dietary supplements, pharmaceuticals, and cosmetics. Food is the leading segment and is expected to drive growth in the market. Plant sterol esters are known for their cholesterol-lowering properties, which makes them highly desirable in food products.

Growing awareness among consumers about the health benefits of plant sterol ester has increased demand for fortified foods. Plant sterol esters are easily incorporated into a wide range of food products without affecting taste or texture significantly. This versatility makes them attractive to food consumers. Plant sterol esters are widely used in confectionaries for all bakery products. Rising disposable income and increasing urbanization are directly increasing the growth of the market. The pharmaceutical industry is also witnessing moderate growth due to the presence of plant sterol esters.

Plant sterols are derived from plants and are perceived as natural ingredients, which is increasingly preferred by consumers looking for clean and sustainable beauty products. Plant sterols have moisturizing and skin barrier-strengthening properties. There is increasing demand for its use in skincare products like moisturizers, anti-aging creams, and serums to enhance elasticity. They have anti-inflammatory effects, which makes them beneficial for soothing irritated skin conditions such as eczema and dermatitis.

Growing consumer demand for plant-based and organic cosmetics is driven by concerns about synthetic chemicals and their potential health effects. Regulatory bodies often encourage the usage of natural ingredients, like in cosmetics, which further boosts the market for plant sterols. Increasing demand for plant sterol esters due to rising awareness about health consciousness is driving growth in the market significantly. Rising disposable income almost everywhere in the world is driving growth in the market.

Regional Outlook

On the basis of the regions, the plant sterol esters market is segmented into 5 regions: Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. North America is the leading segment in the Plant Sterol Esters Market due to its health-conscious population, as these esters are capable of reducing the cholesterol level in the body. The region has seen extensive research and development in functional foods and dietary supplements. Many companies are innovating with plant sterol esters to create new products catering to health-conscious consumers.

North America has a supportive regulatory framework that encourages the use of plant sterol esters in food and dietary supplements. Major companies in this region are using plant sterol esters in almost every product in the food and beverage industry, including cosmetics. Increasing growth in the pharmaceutical industry in this region is also contributing to the growth of this market. The increasing demand for these products is due to the fact that they do reduce the level of cholesterol in the body.

The rising incidence of cardiovascular cases in this region due to the increasing population in countries like China and India is driving growth in the market. Major global food and beverage companies are expanding their presence in the Asia-Pacific market. They are introducing products fortified with plant sterol to cater to the increasing demand for health-promoting foods. The region’s growing population, urbanization, and increasing disposable income in countries across Asia Pacific allow consumers to prioritize health and wellness products, including those containing plant sterols.

The European market is also witnessing significant growth due to the increasing disposable income of people in Germany, France, Spain, the United Kingdom, Norway, Sweden, and Denmark. Increasing industrialization and urbanization are driving growth in the market. In the region, the markets in the food, chemicals, pharmaceuticals, beverages, and hospitality sectors are flourishing, and thus the demand for plant sterol esters is increasing. Many of the key players are in this region, helping the market grow significantly. Middle East and Africa, and Latin America is witnessing slow growth relatively. The United Arab Emirates, South Africa, Brazil, and Argentina are witnessing tremendous growth in the hospitality sector.

Key Players

·         Cargill Incorporated

·         Raisio Plc.

·         Xi’an Healthful Biotechnology Co. Ltd.

·         Archer Daniels Midland Company

·         BASF SE

·         Vitae Caps S.A.

·         Arboris LLC

·         Top Pharm Chemical Group

·         Enzymotech Ltd.

·         Other Players