Sterols Market

Sterols Market Outlook (2023 to 2033)

The Global Sterols Market registers the value of US$ 1,075.4 Million for 2023 and is anticipated to reach US$ 2,334.9 Million by end of 2033. The market is foreseen to grow at value CAGR of 7.4% during forecast period, owing to strong demand from multiple end use industries.

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Sterols Consumption Analysis (2018 to 2022) Vs. Market Estimations (2023 to 2033)

In the historical period of assessment, the sterols market grew by 6.1% value CAGR, owing to strong demand from pharmaceutical industry. The Sterols incurred the revenue of US$ 755.4 Million in 2018 and reached the value of US$ 999.1 Million by 2022.

Sterols also known as phytosterols, are ingredients extracted from vegetable oil or tall oil. Sterols consist of varying compositions of compounds such as campesterol, beta-sitosterol, stigmasterol, and other types of sterols. Growing health concerns have resulted in the increased demand for functional food and dietary supplement products over the last few years which has positively benefited the sterols market. Food ingredient manufacturing companies have also shown keen interest in enhancing their market presence by increasing the production capacities of existing plants and new product development.

In the forecast period, the Sterols market is predicted to generate the revenue of 2,334.9 Million by end of 2033 through the growth rate of 7.4% value CAGR.

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What are the Key Trends in the Market for Sterols?

“Increasing Demand for Sterols among Cardiovascular Patients”

According to WHO (World Health Organization), 17.7 million people die annually from cardiovascular diseases (31% of overall global deaths). Salient statistics like 80% of cardiovascular disease deaths are from heart attacks and strokes, and more than 75% occur in developing nations. Furthermore, increasing level of cholesterol increases the risk of heart disease and stroke. In order to prevent cardiovascular diseases, the demand for food added with plant sterols is increasing, as it is an effective way of lowering blood LDL-cholesterol, which reduces the risk of heart diseases.

For instance, a daily consumption of 1.5 to 3 gram of plant sterol lowers blood LDL-cholesterol by 7 to 12.5% in 2 to 3 weeks.

“Rapidly Ageing Demographics – Supplementing the Sterols Market”

Demographic changes in developing economies, increasing life expectancy, and the desire of people to improve their quality life for the future years have stimulated health care professionals, researchers, government and functional food manufacturing companies to meet these changing demand of consumers in an effective manner.

Statistics show that more than a quarter of the population in Japan is over the age of 60 years, which is on track to reach 40 % by 2060. This shows that the rising aging population of Japan is one of the key segments, which accounts for the lucrative market for companies offering sterol-based products, as they are more sensitive towards chronic diseases.

It shows that there will be an increase in the demand for food products containing sterols, as consumers are seeking preventive measures rather than choosing a cure.

“Modern Consumer Focus towards Preventive Care”

Consumers are rapidly shifting towards the consumption of dietary supplements and functional food for the prevention of health issues from meeting dietary requirements. A growing number of consumers, especially baby boomers, are primarily preferring those foods which help prevent chronic conditions such as cardiovascular diseases, blood pressure, high cholesterol, diabetes, and others related to aging. Owing to this, the demand for healthy food products is increasing at a higher growth rate.

Apart from this, food manufacturers are leveraging the benefits of sterols by combining it with sterols in order to capitalize on the rising demand for products that reduce cholesterol and also have a unique taste. Companies are adding functional ingredients such as plant sterols and fruit-based flavors in their food products as intended for particular nutritional purposes or as a dietary food.

For instance, Unilever’s brand, Flora ProActiv, offers a wide range of cholesterol-lowering products, such as spreads and milk, and also launched its new flavored range of drinks in pomegranate, raspberry, mango, cherry, strawberry, and others, as a cholesterol-lowering drink.

“Limited Availability of Sterol-based Products in High Potential Countries”

Sterols suppliers, despite targeting high future potential markets (developing markets), have not been able to demonstrate significant presence as well as penetration in developing countries such as India, China, Brazil, South Africa, and other developing nations. The limited knowledge and awareness regarding the health benefits of consuming sterols is limiting their growth, unable to unfold their potential.

Consumer purchasing power and per capita healthcare expenditure in these countries are also increasing year on year, thereby creating a pool of potential targets for sterol manufacturers and suppliers. But the lack of consumer awareness and lack of penetration of sterol-based food and beverages are some factors poised to restrict the growth of the sterol market. Inevitably, sterol suppliers will penetrate these potential markets, perhaps regional and local players per se, but companies not taking corrective measures to strengthen their distribution networks are likely to lose on the newly emerging greener pastures in the global sterols market.

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Country-wise insights

Which regions are anticipated to witness high rate over the forecast period?

In the global sterols market, APAC & North America are expected to continue to witness high growth over the forecast period. The APAC and North America market is anticipated to grow at 7.6% and 8.6% value CAGR during 2023 to 2033. The increasing number of heart patients and higher demand for dietary supplements/nutraceuticals in these regions are expected to increase the demand for sterols in the near future.

What is demand outlook for Sterols in Europe?

The Sterols value for Europe is anticipated at US$ 393.6 Million for year 2023 and is expected to grow by 6.9% by end of 2033. Companies in Europe are looking to boost their market presence, and are offering sterol-based food and beverages to targeted consumers who are seeking to add heart health functional food products in daily diet, since they are easy to consume.

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Category-wise insights

What is demand outlook for Sterols in the food and beverage industry?

The sterols market registered the value of US$ 349.2 Million in food and beverage industry for estimated year and is expected to register a high growth rate during the forecast period, owing to increasing demand from cosmetics sector, as sterols aids to retain skin moisture and exhibits anti-inflammatory and anti-oxidant properties that helps to maintain healthy skin.

Which type of sterols is gaining high demand in the global market?

On the basis of type segment, the sterols is segmented into powder and granular. The powder sterols incurred the sales of US$ 695.7 Million in 2023 and is expected to grow at 7.6% value CAGR over the forecast period.

Competitive Dashboard

Manufacturers are focused on enhancing product quality and to optimize production capacity, to meet the increasing demand for non-genetically modified sterols in the food and pharmaceutical industries. The producer are aiming towards expansion of manufacturing facility and installing state-of-the-art equipment and machinery along with modern technology for production efficiency.

Furthermore, companies with research and development capabilities are exploring the benefits of sterols to formulate new product which will pave in growth opportunities in the market space. Major players are adapting to dynamic changes which is anticipated to benefit the market growth.

• Arboris, LLC lays emphasis on delivering the highest quality sterol products, as its primary focus is to maintain long-term, stable, dependable, and cost-effective supply management with its customers. In addition, it also has state-of-the-art technology and large economies of scale of production.
• Matrix Fine Sciences Pvt. Ltd. is focused on increasing its client base. The current expansion plan of the company is to cater to food and pharma industries, owing to the rising demand for sterols among functional food and supplement manufacturers.
• Vita-Solar Biotechnology Co., Ltd. is offering a wide range of plant sterols in its product category, including phytosterol sourced from soybean, corn, rapesseds, pine trees, sunflower, cottonseeds, and others.
• Lipofoods SLU launched a palm free formulation of Lipophytol phytosterol systems. The highly concentrated, water dispersible source of plant sterol in an easy-to-use format, designed to support cardiovascular health, and is suitable for use in a range of food, beverage, and supplement products.
• Dérivés Résiniques et Terpéniques offers high quality sterols which is available in powdered form which numerous application in food, dietary, functional food, and cosmetic industry.

Sterols Industry Report Scope

Sterols Industry Research by Category

By Form:

• Powder
• Granular

By Source:

• Vegetable Oil
  • Soybean Oil
  • Corn Oil
  • Cottonseed Oil
  • Sunflower Oil
  • Rapeseed Oil
• Others (Palm Oil, Olive Oil, & others)
• Pine Trees (Tall Oil)

By End Use:

• Food
  • Dairy Products
  • Sauces & Dressings
  • Beverages
  • Bakery & Confectionery
  • Others (Meat, Breakfast Cereals, & others)
• Pharmaceutical
• Cosmetics
• Dietary Supplements
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa