Global Market Study on Sterols: Accelerating Consumption of Functional Foods Assisting Growth


Sterols  Market
  • Published On : Sep-2019 |
  • Pages : 200 Pages |
  • Format : PPT PDF Excel Word

Key Manufacturers Prefer Production Capacity Expansion to Clutch the ‘Dynamic’ Sterols Market

The producers in the global sterols market are offering their products and ingredients to various industries such as food and beverages, pharmaceuticals and nutraceuticals industries. The demand for sterols is also increasing for each of its application industries as the increasing health concern has resulted in the growing demand for functional products, dietary supplement products over the last few years.

Some manufacturers have shown a keen interest in enhancing their market presence by new product developments. Manufacturers are also investing heavily for their capacity expansion to cater to the market demand. This strategy also helps them to reach out for new and untapped industries, which will strengthen their market position.

global sterols market

In 2015, BASF Corporation increased its sterol extraction capacity in Boussens, France, to meet the increasing demand for sterol in the global market, as primarily, it has high demand among dietary supplements and functional food owing to its health benefits such as cholesterol reduction and control.

Consumers are choosing dietary supplements and functional food over any other fast food products, as health is there first preference. A growing number of consumers, especially baby boomers, are primarily preferring those foods, which help to 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.

Rapidly Aging Demographics – Supplementing Demand for Sterols

The life expectancy of people around the world is decreasing due to the numerous factors, but on the other hand, the desire of the people to improve their quality life for the future year has stimulated the health care professionals and functional food and ingredients manufacturers to meet these demand of the consumers.

The world aging population 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 percent 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. By the end of 2019, approximately 8% of the world population will be aged 55 or more.

Over next thirty years, the number of people aged sixty years or above will increase thrice as much and is projected to cross over 15% of the global population. It is expected that the demand for the functional food with added sterols will increase, as consumers are seeking preventive measures rather than a cure.

New food products are appearing in market, in which flavors are added along with plant sterols in order to meet 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.

Analyst’s Viewpoint

A comprehensive view of the global sterols market has led our analysts to conclude that the market is growing at an exponential rate, with North America and Asia Pacific holding a large chunk of the global consumption of sterols over the world. The increasing cardiovascular population is spurring the demand for sterols. The impact of the increasing number of heart patients and preventive health care by the consumers will remain for a long period. The strategies adopted by the manufacturers such as investment in the research and development and an increase in production capacity and new product launches will give a thrust to the global sterol market.

Companies with research and development capabilities and expertise in the use of technology will gather momentum and profitability in the global sterols market. Leading market players who are adapting to the dynamic market change will continue to grow and have a vast market revenue share. However, the limited availability of sterol-based products in the emerging economies and fluctuating prices of raw material could restrain the growth of the global sterol market.

The latest market report by Persistence Market Research (PMR) on the global sterols market evaluates opportunities and current market scenario and provides insights and updates about the corresponding segments involved in the global sterols market during the forecast period of 2019-2029. The study provides a detailed assessment of the key market dynamics and detailed information about the global sterols market structure. The detailed market study provides exclusive information about how the global sterols will grow during the forecasted period.

The primary objective of the global sterols market report is to provide insights into opportunities in the market that are consistently supporting the transformation of global businesses associated with sterols. It is very important to consider that in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, to better understand analysis and evaluation of the global sterols market, and to discover equitable opportunities.

The study on the global sterols market also provides an estimation of the global sterols market and corresponding revenue forecast carried out in terms of absolute dollar opportunity. It also offers actionable insights based on future trends in the global sterols market. Furthermore, new and emerging businesses in the global sterols market can make use of the information presented in the study to make wise business decisions, which will provide the momentum to the business as well as the sterols market.

The study is relevant for all the manufacturers, suppliers, distributors, and investors in the global sterols market. This will provide them the required boost to grow in the market. All the stakeholders in the global sterols market, investors, industry experts, researchers, journalists as well as business researchers can leverage the information and data represented in PMR’s study.

Key Segments of the Global Dairy-derived Flavors Market

PMR’s study on the global dairy-derived flavors market offers information divided into 4 important segments- Source, Form, End Use, and region.

Source

Form

End Use

Region

  • Vegetable Oil
    • Soya
    • Corn
    • Cottonseed
    • Sunflower
    • Rapeseed/Canola
  • Powder
  • Food
    • Dairy Products
    • Sauces & Dressings
    • Beverages
    • Bakery & Confectionary
    • Others
  • North America
  • Pine Trees (Tall Oil Pitch)
  • Granular
  • Pharmaceuticals
  • Latin America
  • Cosmetics
  • Europe
  • Dietary Supplements
  • Asia Pacific
  • Others
  • Middle East & Africa

Key Questions Answered in PMR’s Global Sterols Market

  • Which region will have the highest market share in the global sterols market over the forecasted period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global sterols market?
  • Which are the global trends in the sterols market that are impacting the market?
  • What strategies need to be adopted by the emerging players in the global sterols market to capture the opportunities in various regions?
  • What is the market structure of the global sterols market?

Global sterols Market: Research Methodology

PMR is committed for providing unbiased market research solutions to its clients. PMR follows a robust methodology for deducing the data that is included in this report. The unique research methodology is utilized to conduct extensive research on global sterols market and reach conclusions on the future growth factors of global sterols market. The research methodology uses primary research methods coupled with secondary research methods, which ensures the accuracy and reliability of the conclusions.

A demand-side approach is followed to estimate the sales of targeted products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over five regions, i.e. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include,

  • Primary Research
  • Secondary Research
  • Trade Research

Company Profiles:

  • The Archer Daniels Midland Company 
  • BASF SE 
  • Cargill, Inc. 
  • Raisio Plc 
  • Xi'an Healthful Biotechnology Co., Ltd 
  • Matrix Fine Sciences Pvt. Ltd. 
  • Vita-Solar Biotechnology Co., Ltd.
  • COFCO Tech Bioengineering (Tianjin) Co., Ltd.
  • DRT
  • Lipofoods SLU 
  • Advanced Organic Materials 
  • Arboris, LLC 
  • Vitae Caps S.A.
  • Gustav Parmentier GmbH 
  • Nutrartis
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