The Global Policosanol Market Size was valued at USD 303.6 Million in 2022 and The Worldwide Policosanol Market Size is predicted to succeed in USD 583.6 Million by 2032, in line with a analysis report revealed by Spherical Insights & Consulting. Companies Covered: Laboratories Dalmer S.A., Risun Bio Tech Inc., Marcor, Douglas Laboratories, Now Foods, India glycols Ltd, Botanic Healthcare, Sami Labs Ltd., Garuda International Inc., Hainan Zhongxin Chemical, Herblink Biotech Corporation, Bioriginal Food & Science Corp, Shreeji Pharma International, Manus Aktteva Biopharma LLP and different key venders.
New York, United States, Nov. 06, 2023 (GLOBE NEWSWIRE) — The Global Policosanol Market Size is to Grow from USD 303.6 Million in 2022 to USD 583.6 Million by 2032, at a Compound Annual Growth Rate (CAGR) of 6.7% throughout the projected interval.
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Policosanol is a pure antioxidant made out of sugarcane, beeswax, or wheat germ wax. It is made up of a wide range of long-chain alcohols, an important of which is octacosanol. Policosanol has grown in reputation as a dietary complement resulting from its attainable well being benefits, notably by way of cardiovascular well being. The elevated prevalence of cardiovascular issues all over the world is predicted to extend demand for policosanol dietary supplements, paving the way in which for market progress. As a results of altering life and the rising prevalence of well being situations, the demand for policosanols dietary supplements continues to climb amongst health-conscious prospects. Furthermore, the quite a few well being advantages related to policosanols are rising demand for these merchandise. Growing well being issues because of poor vitamin are a serious driving power within the policosanol business. In numerous international locations, the prevalence of way of life ailments is rising in all age classes, from kids to the elderly. Diabetes, excessive ldl cholesterol, and arthritis are all on the rise, fueling demand for the policosanols market.
Browse key business insights unfold throughout 200 pages with 120 Market information tables and figures & charts from the report on the “Global Policosanol Market Size, Share, and COVID-19 Impact Analysis, By Source (Sugarcane, Wheat Germ, Beeswax, Rice Bran, Others), By Extraction Process (Solvent Extraction, Supercritical Carbon Dioxide Extraction), By Application (Personal Care & Cosmetics, Dietary Supplements, Pharmaceutical Drugs, Food Processing, Animal Feed, Nutraceutical, Pet Food, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032.”
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The sugarcane phase is dominating the market with the biggest income share over the forecast interval.
On the premise of supply, the worldwide policosanol market is segmented into sugarcane, wheat germ, beeswax, rice bran, and others. Among these, the sugarcane phase is dominating the market with the biggest income share of 47.6% over the forecast interval. Population progress, modifications in buying habits, industrial purposes, financial enlargement, bio-based items, and the fixed demand for sugar as an edible element have all contributed to a rise within the complete anticipated gross sales of the policosanol market over the forecast time-frame.
The solvent extraction phase is witnessing vital CAGR progress over the forecast interval.
On the premise of the extraction course of, the worldwide policosanol market is segmented into solvent extraction and supercritical carbon dioxide extraction. Among these, the solvent extraction phase is witnessing vital CAGR progress over the forecast interval. This enhance may very well be attributed to its superior comfort, ease of use, and adaptableness when in comparison with various extraction strategies.
The pharmaceutical medication phase accounted for the biggest income share of greater than 67.3% over the forecast interval.
On the premise of utility, the worldwide policosanol market is segmented into private care & cosmetics, dietary dietary supplements, pharmaceutical medication, meals processing, animal feed, nutraceutical, pet meals, and others Among these, the pharmaceutical medication phase is dominating the market with the biggest income share of 67.3% over the forecast interval. This is because of the truth that the pharmaceutical sector is quickly growing because of inhabitants progress, elevated R&D actions, technical development, and elevated give attention to this sector.
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Asia Pacific dominates the market with the biggest market share over the forecast interval.
Asia Pacific is dominating the market with greater than 53.7% market share over the forecast interval. Countries resembling India, China, and Japan are prone to improve the Asia Pacific policosanol market. Because of elevated demand within the pharmaceutical sector, the place policosanol is mostly utilized, the area has an enormous alternative for policosanol progress. Furthermore, the pharmaceutical business in India and Japan has expanded considerably for a wide range of causes, together with a big nationwide market, elevated healthcare spending, authorities efforts, R&D technological enchancment, and different components which have propelled the policosanol market. On the opposite hand, North America is predicted to develop the quickest throughout the forecast interval. This is because of the area’s rising curiosity in useful meals and dietary supplements made out of pure substances.
Competitive Analysis:
The report provides the suitable evaluation of the important thing organizations/firms concerned inside the world market together with a comparative analysis based on their product providing, business overviews, geographic presence, enterprise methods, phase market share, and SWOT evaluation. The report additionally offers an elaborative evaluation specializing in the present information and developments of the businesses, which incorporates product improvement, improvements, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This permits for the analysis of the general competitors inside the market. Major distributors within the Global Policosanol Market embrace Laboratories Dalmer S.A., Risun Bio Tech Inc., Marcor, Douglas Laboratories, Now Foods, India glycols Ltd, Botanic Healthcare, Sami Labs Ltd., Garuda International Inc., Hainan Zhongxin Chemical, Herblink Biotech Corporation, Bioriginal Food & Science Corp, Shreeji Pharma International, Manus Aktteva Biopharma LLP, and lots of others.
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Key Market Developments
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In June 2022, A merger occurred between IGEA Pharma N.V. and Blue Sky Swisse SA. The latter will likely be in control of finishing up industrial processing processes for cannabidiol, terpenes, policosanol, and different vegetable matrices. Both organizations can even start the market introduction of the given options.
Market Segment
This research forecasts income at world, regional, and nation ranges from 2020 to 2032. Spherical Insights has segmented the Global Policosanol Market based mostly on the below-mentioned segments:
Policosanol Market, Source Analysis
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Sugarcane
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Wheat Germ
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Beeswax
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Rice Bran
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Others
Policosanol Market, Extraction Process Analysis
Policosanol Market, Application Analysis
Policosanol Market, Regional Analysis
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North America
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Europe
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Asia Pacific
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China
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Japan
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India
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South Korea
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Australia
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Rest of Asia Pacific
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South America
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Brazil
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Argentina
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Rest of South America
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Middle East & Africa
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