Policosanol Market Share, Size, Trends, Industry Analysis Report, By Source (Sugarcane Wax, Beeswax, Rice Bran, Wheat Germ, Others); By Grade; By Extraction Process; By Application; By Region; Segment Forecast, 2024 - 2032
- Published Date:Feb-2024
- Pages: 117
- Format: PDF
- Report ID: PM4608
- Base Year: 2023
- Historical Data: 2019 – 2022
Report Outlook
Global policosanol market size was valued at USD 305.01 million in 2023. The market is anticipated to grow from USD 323.98 million in 2024 to USD 546.73 million by 2032, exhibiting the CAGR of 6.8% during the forecast period.
Market Overview
The policosanol market is expected to witness higher growth during the forecast period, driven by a growing number of health problems related to heart disease among the population due to changing consumer eating habits, workplace pressure, and a lack of sleep. These rapid shifts in consumer health and wellness habits are driving the demand for preventive care in the global space, in a way driving the demand for policosanol as a dietary supplement.
- For instance, in September 2023, a study published in MDPI conducted a comparative study on reconstituted high-density lipoproteins with policosanol from China (Shaanxi Pioneer), Cuba (Raydel), and the United States (Lesstanol). The study revealed that Cuban policosanol registered the highest anti-glycation, antioxidant, and anti-inflammatory properties.
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Moreover, the increasingly stringent regulations in the food and beverage industry by the government are projected to boost demand as companies show interest in producing lower-fat and cholesterol products. This trend is likely to support policosanol growth as it can be incorporated into the food manufacturing process to lower fat and cholesterol levels.
However, the existence of higher costs of policosanol in the marketplace compared to other dietary supplements and its lower availability are likely to hinder the demand for policosanol in the global market.
Growth Drivers
Rising demand for policosanol in the pharmaceutical industry
The presence of appealing properties in the policosanol industry is boosting its adoption in the pharmaceutical sector, specifically in the drug manufacturing segment. A study published in Nutrition and Food Research revealed that policosanol could lower low-density lipoprotein (LDL) and promote high-density lipoprotein (HDL) cholesterol levels. This makes it a suitable option in pharmaceutical product formulations, significantly supporting policosanol market growth.
The increasing prevalence of cardiovascular diseases
The demand for policosanol dietary supplements is projected to grow substantially, driven by the growing incidence of cardiac arrests, promoting awareness about diseases, and necessitating the adoption of preventive health care measures. The effectiveness of policosanol as an antihyperlipidemic, antioxidant, and anti-inflammatory agent, along with the presence of additional proteins such as CETP & PCSK9, is positively driving its use.
Restraining Factors
Side-effects of policosanol are likely to impede market growth
The side effects associated with the consumption of policosanol, such as stomach upset, nausea, muscle pain, headaches, and dizziness, are anticipated to lower the adoption of this dietary supplement by consumers, limiting market growth during the forecast period. In addition, the lack of research studies effectively displaying the advantages and potential applications of policosanol is hampering policosanol market growth.
Report Segmentation
The market is primarily segmented based on source, grade, extraction process, application and region.
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By Source |
By Grade |
By Extraction Process |
By Application |
By Region |
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By Source Analysis
Sugarcane wax segment is anticipated to register the highest growth
The sugarcane wax segment is expected to grow at an optimal CAGR during the study period, primarily driven by its prominent pharmaceutical applications and superior properties. Sugarcane wax-based policosanol is gaining enormous opportunities in the global market, specifically as a dietary supplement, due to its incredible health properties. For instance, a 2019 study unveiled the physiological properties of policosanol derived from sugarcane wax, such as its ability to improve lipid levels, hypertension, antioxidant properties, and hyperglycemia, along with its potential to prevent cardiovascular diseases and age-related health problems.
The rice bran segment led the market with a substantial revenue share in 2023, largely attributable to its cost sensitivity and the availability of a larger proportion in the market. Furthermore, the rising research activities in the field of cardiovascular healthcare are expected to demonstrate a positive impact.
By Grade Analysis
0.95 policosanol segment accounted for the largest market share in 2023
The 0.95 policosanol segment held the largest share. This can be attributable to the rising use in the pharmaceutical industry of the ability to lower cholesterol levels and the impact of antiplatelets.
The 0.90 policosanol segment is expected to grow at a nominal growth rate over the next few years on account of the rapid surge in demand for prominent dietary supplements owing to the rising health consciousness among the population. Furthermore, its cost-effectiveness and application in multiple aspects are anticipated to boost policosanol market demand.
By Extraction Process Analysis
Solvent extraction segment held the significant market revenue share in 2023
The solvent extraction segment held the largest share, which is highly accelerated due to its ease of production without compromising quality or the economical extraction process. The proficiency to generate a higher yield of policosanol from rice bran, sugarcane wax, beeswax, and others makes it a superior choice for producers over the supercritical carbon dioxide extraction process. The environmental friendliness of the supercritical carbon dioxide extraction process, as it avoids the use of harmful solvents in the production, and the higher level of purity of derived policosanol is projected to gain utility in the years to come.
By Application Analysis
Dietary supplements segment is projected to register a dominant share over projected period
The dietary supplement segment is expected to register a dominant share over other applications during the forecast timeframe owing to rising consumer awareness about the advantages of policosanol as a dietary supplement and the increased accessibility of the internet. This trend is likely to support the growth of the market in the coming years, according to the policosanol market analysis.
The pharmaceutical drugs segment is expected to witness substantial growth in the study period due to its tremendous nutritional value, primarily in lowering cholesterol levels, which is boosting the demand for policosanol in the next few years.
Regional Insights
North America expected to witness the highest growth rate over the forecast period
The North America region will grow rapidly, owing to the presence of rigid pharmaceutical infrastructure and the focus on research and development activities to combat cardiovascular diseases in the region. This is projected to stimulate the demand for policosanol in the next few years.
Key Market Players & Competitive Insights
Growing research activities to fuel market growth
The policosanol market development is a mix of consolidation and fragmentation, with the presence of several market players along with growing expansion activities such as partnerships, collaborations, and acquisitions in the marketplace. Growing research studies exploring the potential properties of policosanol are expected to widen market growth. For instance, in March 2023, a study focused on exploring the potential of cuban policosanol on blood pressure.
Some of the major players operating in the global market include:
- Ambe Phytoextracts Pvt. Ltd (India)
- Botanic Healthcare (India)
- Douglas Laboratories (US)
- Garuda International Inc. (US)
- Hainan Zhongxin Chemical (China)
- Herblink Biotech Corporation (China)
- India Glycols Ltd (India)
- Laboratories Dalmer S.A. (France)
- Marcor (US)
- Now Foods (US)
- Risun Bio Tech Inc. (China)
- Sami Labs Ltd. (India)
Recent Developments in the Industry
- In 2023, a study published in the journal Food Composition and Analysis explored the evaluation of policosanol and other bioactive compounds in various types of Thai rice varieties.
Report Coverage
The policosanol market report emphasizes on key regions across the globe to provide better understanding of the product to the users. Also, the report provides market insights into recent developments, trends and analyzes the technologies that are gaining traction around the globe. Furthermore, the report covers in-depth qualitative analysis pertaining to various paradigm shifts associated with the transformation of these solutions.
The report provides detailed analysis of the market while focusing on various key aspects such as competitive analysis, source, grade, extraction process, application, and their futuristic growth opportunities.
Policosanol Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 323.98 million |
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Revenue forecast in 2032 |
USD 546.73 million |
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CAGR |
6.8% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
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Regional scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
The global policosanol market size is expected to reach USD 546.73 million by 2032
Key players in the market are Ambe Phytoextracts Pvt. Ltd, Botanic Healthcare, Douglas Laboratories
North America contribute notably towards the global Policosanol Market
Policosanol Market exhibiting the CAGR of 6.8% during the forecast period.
The Policosanol Market report covering key segments are source, grade, extraction process, application and region.
