Analysis of the potential impact of COVID-19 on the sterol market – The Courier

the global sterol market was valued at US $ 750.09 million in 2017 and is expected to grow at a CAGR of 7.9% from 2018 to 2026, according to a new research report titled “ Sterols Market: Analysis, Size, Share, Growth, Trends and Global Industry Forecast, 2018–2026 ”published by Transparency Market Research (TMR) Rising demand for sterols in patients with cardiovascular disease is driving the global sterol market. The Asia-Pacific region accounts for a significant share of the global sterol market, due to the increasing use of sterols in the food and nutraceutical industries in the region.

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Growing demand for sterols in patients with cardiovascular disease

The increasing incidence rate of cardiovascular disease is a growing concern around the world. Increased health awareness is driving a growing interest in food, beverage, and dietary supplement solutions that can be incorporated into a healthy lifestyle. Cardiovascular disease (CVD) is the leading cause of death in Europe. Almost 50% of all deaths in Europe each year (or four million deaths) are due to cardiovascular disease. According to the World Health Organization, cardiovascular disease was responsible for 45% of deaths in China in 2012. Given the rapid aging of the country’s population, the percentage is expected to increase by 50% by 2030. Currently, about 100 million adults in the United States, which represents almost 50% of the country’s adult population, have higher cholesterol levels than is desirable.

According to the World Health Organization (WHO), even a small reduction in blood cholesterol levels can make a big difference in the risk of developing heart disease. Phytosterols have been shown to lower cholesterol levels by 7% to 10% in 2-3 weeks when used daily with meals. The FDA-approved health claim in the United States states that 1.3 grams of plant sterols per day as part of a diet low in saturated fat and cholesterol may reduce the risk of developing heart disease. Thus, the use of phytosterols in the diet helps reduce cholesterol levels in patients with cardiovascular disease (CVD).

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Growing demand from the food sector

The demand for a variety of foods is increasing across the world. In addition, population growth, changing food preferences and increasing purchasing capacity are some of the important factors that are expected to boost the global food sector in the coming years. Another key factor in the industry is the easy availability of these products in convenience stores and supermarkets. Phytosterols are primarily used in dietary supplements and foods, such as liquid and oil-based supplements, as well as soft gelatin injections and capsules, instant powders, and chewable, swallowable, and effervescent supplements. . Phytosterols are also used in milk, fruit juices, desserts, yogurts, cake creams, ice cream and mousse. Phytosterols are also used in baked goods, cookies, biscuits, cakes, and yeast-based baked goods. Fortification of foods such as margarine, cheese, butter, yogurt, condensed milk and cream with phytosterol esters has been an important development in functional foods to improve the cholesterol-lowering ability of traditional food products. Thus, increasing demand for various types of food such as baked goods, dairy products, supplements and beverages increases the demand for phytosterols.

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Fluctuating commodity prices

The production of phytosterols depends only on the supply of raw materials such as vegetable oils and tall oils. Vegetable oils include corn oil, soybean oil, sunflower oil, and rapeseed oil. The production of these oils is totally dependent on seasonal variations. Vegetable oil prices fluctuate due to bad weather conditions in several parts of the world. Many countries around the world experience droughts, which affect oilseed production. This, in turn, leads to volatility in the prices of vegetable oils. Seasonal variations affect production due to uneven and critical rainfall patterns in sources. The reduction in rainfall in recent years has resulted in significant uncertainty in agricultural yields in several countries, with variations in the prices of inputs and products. In addition, the increased cost of agricultural products as well as storage and transport translates into high prices for vegetable oils and tall oils. Thus, the prices of raw materials fluctuate depending on the climate, which slows down the demand for phytosterols.

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