The global policosanol market was valued at $301.0 million in 2022, and is projected to reach $586.5 million by 2032, growing at a CAGR of 6.9% from 2023 to 2032.
Policosanol is a natural supplement derived from the wax of sugarcane, beeswax, or wheat germ. It is composed of a mixture of long-chain alcohols, with octacosanol being the primary component. Policosanol gained popularity as a dietary supplement due to its potential health benefits, particularly in relation to cardiovascular health.
There is a rise in cardiovascular concerns due to a combination of lifestyle factors, demographic changes, and Increased awareness of cardiovascular health has driven the policosanol market. Furthermore, heart disease, high cholesterol levels, and related cardiovascular issues remain significant health concerns globally. For instance, according to an article published by World Health Organizatin in June 2021, approximately 17.9 million people died from CVDs in 2019, representing 32% of all global deaths of these deaths, 85% were due to heart attack and stroke. Policosanol is often marketed as a natural alternative to traditional cholesterol-lowering medications, appealing to individuals seeking natural remedies or those experiencing side effects from pharmaceutical drugs. This factor drives the overall policosanol market growth during the forecast period.
Policosanol competes with various established and widely prescribed medications for managing cholesterol and cardiovascular health. Many pharmaceutical drugs have been extensively researched, clinically tested, and proven effective. As a result, healthcare professionals and individuals prefer using these established treatments rather than opting for a less researched natural supplement like policosanol. Furthermore, regulation of dietary supplements, Including policosanol, vary across countries. In some regions, there is a lack of clear guidelines or oversight, making it difficult to ensure the quality, purity, and safety of the products available in the market. These factors restrain the growth of policosanol in the market.
Continued investment in research and development leads to new findings and advancements related to policosanol has put more emphasis on the researcher. For instance, according to data published by the National Center for Science and Engineering Statistics in January 2023, for 2021, business R&D and total R&D performance are estimated to Increase by $69.2 and $74.9 billion, respectively. This research further establishes the efficacy, safety, and potential applications of policosanol, opening up opportunities for new formulations, delivery methods, and targeted uses for policosanol. This factor is expected to boost the demand for policosanol market; thus, offering new avenues for the market.
The policosanol market is segmented on the basis of source, application, and region. On the basis of source, it is categorized into sugarcane, wheat germ, beeswax, and others. On the basis of application, it is segregated dietary supplements, pharmaceutical drug, personal care and cosmetics, and animal feed. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Policosanol is a natural supplement derived from the wax of sugarcane, beeswax, or wheat germ. It is composed of a mixture of long-chain alcohols, with octacosanol being the primary component. Policosanol gained popularity as a dietary supplement due to its potential health benefits, particularly in relation to cardiovascular health.
There is a rise in cardiovascular concerns due to a combination of lifestyle factors, demographic changes, and Increased awareness of cardiovascular health has driven the policosanol market. Furthermore, heart disease, high cholesterol levels, and related cardiovascular issues remain significant health concerns globally. For instance, according to an article published by World Health Organizatin in June 2021, approximately 17.9 million people died from CVDs in 2019, representing 32% of all global deaths of these deaths, 85% were due to heart attack and stroke. Policosanol is often marketed as a natural alternative to traditional cholesterol-lowering medications, appealing to individuals seeking natural remedies or those experiencing side effects from pharmaceutical drugs. This factor drives the overall policosanol market growth during the forecast period.
Policosanol competes with various established and widely prescribed medications for managing cholesterol and cardiovascular health. Many pharmaceutical drugs have been extensively researched, clinically tested, and proven effective. As a result, healthcare professionals and individuals prefer using these established treatments rather than opting for a less researched natural supplement like policosanol. Furthermore, regulation of dietary supplements, Including policosanol, vary across countries. In some regions, there is a lack of clear guidelines or oversight, making it difficult to ensure the quality, purity, and safety of the products available in the market. These factors restrain the growth of policosanol in the market.
Continued investment in research and development leads to new findings and advancements related to policosanol has put more emphasis on the researcher. For instance, according to data published by the National Center for Science and Engineering Statistics in January 2023, for 2021, business R&D and total R&D performance are estimated to Increase by $69.2 and $74.9 billion, respectively. This research further establishes the efficacy, safety, and potential applications of policosanol, opening up opportunities for new formulations, delivery methods, and targeted uses for policosanol. This factor is expected to boost the demand for policosanol market; thus, offering new avenues for the market.
The policosanol market is segmented on the basis of source, application, and region. On the basis of source, it is categorized into sugarcane, wheat germ, beeswax, and others. On the basis of application, it is segregated dietary supplements, pharmaceutical drug, personal care and cosmetics, and animal feed. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the policosanol market analysis from 2022 to 2032 to identify the prevailing policosanol market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the policosanol market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global policosanol market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Source
- Sugarcane
- Wheat Germ
- Besswax
- Others
By Application
- Dietary supplements
- Pharmaceutical drugs
- Personal care and Cosmetics
- Animal Feed
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Ambe Phytoextracts Pvt. Ltd.
- Bioriginal Food & Science Corp
- BOC Sciences
- Botanic Healthcare
- HUZHOU SHENGTAO BIOTECH LLC
- MANUS AKTTEVA BIOPHARMA LLP
- Sabinsa
- SHREEJI PHARMA INTERNATIONAL
- Sunpure Extracts Pvt Ltd.
- ZXCHEM Group
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POLICOSANOL MARKET, BY SOURCE
CHAPTER 5: POLICOSANOL MARKET, BY APPLICATION
CHAPTER 6: POLICOSANOL MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Policosanol Market,' The policosanol market was valued at $301.00 million in 2022, and is estimated to reach $586.5 million by 2032, growing at a CAGR of 6.9% from 2023 to 2032.Policosanol was originally derived from sugarcane, but the chemicals are isolated from beeswax, cereal grains, grasses, leaves, fruits, nuts, and seeds of many food. Plant waxes consist of long-chain alkanes and their derivatives, including long chain fatty acids and alcohols. Policosanols are exceptionally long chain alcohols with carbon backbones ranging from 24 to 34 carbons.
Factors such as change in lifestyles and dietary habits, including increased consumption of processed food and sedentary lifestyles, have contributed to the rise in cholesterol-related issues and cardiovascular diseases. This has driven the demand for supplements such as policosanol that help support healthy cholesterol levels. This factor is responsible for the growth of policosanol market during th forecast period.
Rise in awareness about healthy lifestyle and increase in the disposable income among people has made consumers to prefer for natural supplements as a way to promote overall health and well-being. Natural supplements are often perceived as safer alternatives to pharmaceutical drugs. In addition, natural products have fewer side effects and are less expected to cause harm to their health owing to which several people consume natural supplements to minimize potential risks associated with synthetic medications. Policosanol-based natural supplements are widely available in various forms, including capsules, tablets, powders, and extracts. The demand for polycosanol is thus expected to increase during the forecast period.
However, policosanol is derived from sugar cane wax, which could potentially trigger allergies in individuals who are sensitive to sugarcane or related allergens. It's important to be cautious and seek medical advice if you have known allergies to sugar cane. Furthemore, limited research is available on the safety of policosanol during pregnancy and breastfeeding. Therefore, it is generally recommended to avoid its use during these periods to ensure the well-being of both the mother and the baby. This factor is expected to hamper the market growth during thje forecast period.
Policosanol supplements may vary in terms of dosage and composition. There is no established standardized dosage, which can make it challenging to determine the appropriate amount to take for desired effects. Inconsistencies in manufacturing and labeling practices may also affect the reliability of policosanol supplements. This factor may acts as challneging
The market for dietary supplements is expanding globally, with emerging economies experiencing a rise in disposable incomes and increased healthcare awareness. As distribution channels expand, including online retail platforms, there is an opportunity for policosanol to reach a wider consumer base. Moreover, collaborations between policosanol manufacturers, dietary supplement companies, and healthcare professionals can help raise awareness about the benefits and proper usage of policosanol. Partnerships with medical institutions or clinics can enhance the credibility and acceptance of policosanol as a cholesterol management option. These factors are projected to offer lucrative opportunities for the policosanol market in the future.
The dietary supplement industry has experienced significant growth in recent years due to growth in emphasis on health and wellness in society, with more individuals seeking ways to improve their overall well-being. Policosanol is widely taken as a dietary supplement for cholesterol management and cardiovascular health. This factor increases the overall market demand for policosanol.
Furthermore, Some studies suggest that policosanol may enhance exercise performance and endurance. It is believed to improve oxygen utilization, increase energy production, and reduce the buildup of lactic acid in the muscles. This presents an opportunity for the use of policosanol in sports nutrition products and supplements targeted at athletes and individuals seeking to improve their physical performance.
The policosanol market is segmented on the basis of source, application, and region. On the basis of source, it is categorized into sugarcane, wheat germ, beeswax, and others. On the basis of application, it is segregated dietary supplements, pharmaceutical drug, personal care and cosmetics, and animal feed. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The report covers the strategies adopted by key players in the market to sustain the competitive environment and increase their market share. The key players operating in the global policosanol market Manus Aktteva Biopharma LLP, Zxchem Group, Ambe Phytoextracts Pvt. Ltd., BOC Sciences, Huzhou Shengtao Biotech LLC, Botanic Healthcare, Bioriginal Food & Science Corp, Sabinsa, Sunpure Extracts Pvt Ltd., and Shreeji Pharma International. In addition, the market drivers, restraints, and opportunities are explained in the report.
Key findings
- On the basis of source, the sugarcane segment is expected to grow at a CAGR of 7.2%, in terms of revenue, during the forecast period.
On the basis of application, the pharmaceutical drugs segment is expected to grow at a CAGR of 6.6%, in terms of revenue, during the forecast period.
On the basis of region, Asia-Pacific garnered a major share in 2022.
Companies Mentioned
- Ambe Phytoextracts Pvt. Ltd.
- Bioriginal Food & Science Corp
- BOC Sciences
- Botanic Healthcare
- HUZHOU SHENGTAO BIOTECH LLC
- MANUS AKTTEVA BIOPHARMA LLP
- Sabinsa
- SHREEJI PHARMA INTERNATIONAL
- Sunpure Extracts Pvt Ltd.
- ZXCHEM Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 402 |
| Published | June 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 301 million |
| Forecasted Market Value ( USD | $ 586.5 million |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
