What is Global Sterols Market?
The Global Sterols Market is a vast and dynamic sector that plays a crucial role in the global economy. Sterols, also known as steroid alcohols, are a subgroup of steroids with a hydroxyl group at the 3rd position of the A-ring. They are naturally occurring substances that are found in the cells of plants and animals. The global sterols market is a multi-million dollar industry that has seen significant growth over the years. In 2023, the market was valued at a whopping US$ 841.6 million and it's projected to reach an impressive US$ 1226.5 million by 2030. This growth is attributed to the increasing demand for sterols in various industries such as food, nutraceuticals, cosmetics, among others. The market is also driven by the growing awareness about the health benefits of sterols, such as their ability to lower cholesterol levels. Furthermore, technological advancements in the extraction and processing of sterols have also contributed to the growth of the market.
Vegetable Oil, Tall Oil, Other in the Global Sterols Market:
The Global Sterols Market is segmented based on the source of sterols, which includes vegetable oil, tall oil, and others. Vegetable oil is a significant source of sterols, especially plant sterols, which are known for their cholesterol-lowering properties. These sterols are extracted from various types of vegetable oils such as soybean oil, corn oil, canola oil, and sunflower oil. On the other hand, tall oil, a by-product of the pulp and paper industry, is also a rich source of sterols. It is derived from the resinous sap of pine trees and contains several types of sterols, including sitosterol and campesterol. Other sources of sterols include animal sources and microbial sources. The choice of source depends on the end-use application of the sterols. For instance, plant sterols are preferred in the food and nutraceutical industry due to their health benefits, while sterols from tall oil are commonly used in the cosmetics industry.
Food, Nutraceuticals, Cosmetics, Other in the Global Sterols Market:
The Global Sterols Market finds its application in various sectors including food, nutraceuticals, cosmetics, and others. In the food industry, sterols are used as food additives to enhance the nutritional value of the food. They are added to various food products such as margarine, yogurt, and orange juice to lower the cholesterol levels in the body. In the nutraceutical industry, sterols are used in dietary supplements due to their health benefits. They are known to reduce the risk of heart disease by lowering the levels of bad cholesterol in the body. In the cosmetics industry, sterols are used as emollients and skin conditioning agents. They help to maintain the moisture balance of the skin and improve its texture. Other applications of sterols include pharmaceuticals, where they are used in the production of steroid drugs, and in the chemical industry, where they are used as raw materials for the production of various chemicals.
Global Sterols Market Outlook:
Looking at the market outlook, the Global Sterols Market has shown promising growth and is expected to continue this upward trend. In 2023, the market was valued at US$ 841.6 million and is projected to reach a value of US$ 1226.5 million by 2030. This indicates a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for sterols in various industries, coupled with the growing awareness about the health benefits of sterols. Furthermore, advancements in technology have made the extraction and processing of sterols more efficient, thereby contributing to the growth of the market.
| Report Metric | Details |
| Report Name | Sterols Market |
| Accounted market size in 2023 | US$ 841.6 million |
| Forecasted market size in 2030 | US$ 1226.5 million |
| CAGR | 5.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BASF, Cargill, Archer Daniels Midland, Raisio, Arboris, ConnOils, Vitae Caps, Lipofoods SLU, Xi'an Healthful Biotechnology, Matrix Fine Sciences, Fairchem Specialty, Advanced Organic Materials |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
