Market Analysis: Global Plant Sterol Esters Market
The Global Plant Sterol Esters Market accounted for USD 620.3 million in 2017 and is projected to grow at a CAGR of 6.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Sterol ester is created when sterol and a fatty acid are synthesized. Sterol Esters is the heterogeneous chemical compound that can be found in small amount almost in every cell type. Plant sterol is called phytosterols, which is a collective term for plant-derived sterols and stanols that are found in the fatty tissues of plants. When plant sterol is esterified with fatty acids then it is called as plant sterol ester. There is a growing demand for plant sterol esters in food, beverages, dietary supplement, pharmaceutical and cosmetics activates, which is expected to be one of the major drivers of the market over the next seven years.
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Major Market Competitors: Global Plant Sterol Esters Market
Some of the major players in plant sterol esters market
- Raisio Plc
- Archer Daniels Midland
- Cargill Inc
- BASF SE
- Bunge Limited
- Fenchem Enterprises
- Arboris LLC
- Enzymotech Ltd.
- Xi’an Healthful Biotechnology Co.Ltd.
- Vitae Caps S.A.,
- Top Pharm Chemical Group
- CONNOILS LLC
- New Roots Herbal Inc.
- Advanced Organic Materials S.A.
- Pharmachem Laboratories Inc.
- Oxford Vitality Ltd.
- Lamberts Healthcare and many more.
Major Market Drivers:
- Demand for plant sterol ester in food sector
- Rising cardiovascular diseases
- Side effect of plant sterol ester
Competitive Landscape: Global Plant Sterol Esters Market
The global plant sterol esters market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Market Segmentation: Global Plant Sterol Esters Market
- The plant sterol esters market is segmented on the basis of form into oil and powder.
- On the basis of application, the market is segmented into food, beverages, dietary supplement, pharmaceutical and cosmetics. Food is further sub segmented into dairy, bakery & confectionery, spreads & dressings, cereals & snacks, vegetable oil and others.
- On the basis of geography, the plant sterol esters market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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