Plant Sterol Esters Market Size

Plant Sterol Esters Market size was valued at USD 790 Million in 2023 and is likely to reach USD 1779 Million by the end of 2036, expanding at around 7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of plant sterol esters is assessed at USD 845 Million.

The plant sterol esters market is driven by several primary industries including food processing, pharmaceuticals, cosmetics, and nutraceuticals. These esters are in high demand in the food and pharmaceutical sectors because they are known to lower blood cholesterol levels. Plant sterol esters are used as a supplement in many foods, such as yogurt, cereals, and snack bars.

Due to the growing number of people with cardiovascular disorders, the pharmaceutical industry continues to demand plant sterol esters. With the increasing incidence of cardiovascular diseases globally, there is a greater emphasis on preventive healthcare measures. Globally, cardiovascular diseases is responsible for the death of almost 17.9 million people as reported by World Health Organization. Plant sterol esters offer a non-pharmacological approach to managing cholesterol levels, thereby reducing the risk of heart disease. Studies have also shown that plant sterols can stop the development of cancer cells.