Global Policosanol Market Insights Forecasts to 2032.

• The Global Policosanol Market Size was valued at USD 303.6 Million in 2022.
• The Market is Growing at a CAGR of 6.7% from 2022 to 2032
• The Worldwide Policosanol Market Size is expected to reach USD 583.6 Million by 2032
• North America is expected to grow the fastest during the forecast period

The Global Policosanol Market Size is expected to reach USD 583.6 Million by 2032, at a CAGR of 6.7% during the forecast period 2022 to 2032.

Policosanol is an organic compound that is commonly derived from sugar cane. Other plants, such as wheat, can also be used to make policosanol. Policosanol was initially created from sugar cane, but the compounds can also be extracted from waxes, cereal grains, grasses, leaves, fruits, nuts, and seeds. It is made up of a variety of long-chain alcohols, the most important of which is octacosanol. Policosanol has grown in traction as a dietary supplement partly because of its possible health advantages, notably in terms of cardiovascular health. Policosanol's primary function is to lower low-density lipoprotein (LDL) cholesterol concentration, while it has also been demonstrated to boost HDL cholesterol and diminish triglycerides (TG). The rising prevalence of cardiovascular diseases worldwide is expected to boost demand for policosanol supplements, paving the door for industry expansion. The demand for policosanols supplements continues to rise among health-conscious customers as a result of changing lifestyles and the increasing prevalence of health disorders. Natural ingredients are becoming increasingly popular among millennials as a result of these considerations.

Driving Factors

Many beneficial health benefits connected with policosanols are driving up demand for these products. Increasing health concerns as a result of inadequate nutrition is a primary driving force in the policosanol market. A number of nations are seeing an increase in the prevalence of lifestyle diseases in all age groups, from children to the elderly. Diabetes, high cholesterol, and arthritis are all becoming more common, which is driving up demand for the policosanols market. Furthermore, with an older population and an increasing emphasis on preventative healthcare, there is a greater emphasis on maintaining cardiovascular health. Policosanol, with its possible cholesterol-lowering and antiplatelet properties, is marketed as a preventive strategy for heart disease and other illnesses. During the projected period, this factor is expected to boost the policosanol market over the forecast period.

Moreover, people are becoming more and more concerned regarding the negative effects of inorganic and chemically produced ingredients found in food and beverages. As a result, demand for natural alternatives is expected to increase significantly. In terms of nutrition, natural plant-based supplements outperform synthetic supplements. As a result, corporations are concentrating on launching new dietary health supplements in order to broaden their product portfolios and consumer base.

Restraining Factors        

Policosanol supplements, on the other hand, are more expensive than certain other cholesterol-lowering drugs. In addition, while policosanol is regarded as safe for short-term usage, there is no data concerning its long-term sustainability. Furthermore, policosanol may cause migraines, sleeplessness, dizziness, upset stomach, increased appetite, irritability, difficulty urinating, weight loss, nose and gum bleeding, skin redness, rash, and itching. Additionally, the expensive nature of nutritional supplements limits their use in low-income economies with inadequate healthcare facilities, posing significant challenges to business growth.

Market Segmentation

By Source Insights

The sugarcane segment is dominating the market with the largest revenue share over the forecast period.

On the basis of source, the global policosanol market is segmented into sugarcane, wheat germ, beeswax, rice bran, and others. Among these, the sugarcane segment is dominating the market with the largest revenue share of 47.6% over the forecast period. Population growth, changes in buying habits, industrial applications, economic expansion, bio-based products, and the constant demand for sugar as an edible component have increased the total estimated sales of the policosanol market throughout the forecast time frame. Because of its cholesterol-modulating properties, sugarcane-derived policosanol is utilized to enhance overall cardiovascular health. It lowers the likelihood of heart disease, stroke, and other cardiovascular diseases. This aspect is predicted to enhance demand for sugarcane-derived policosanol in the pharmaceutical industry.

By Extraction Process Insights

The solvent extraction segment is witnessing significant CAGR growth over the forecast period.

On the basis of the extraction process, the global policosanol market is segmented into solvent extraction and supercritical carbon dioxide extraction. Among these, the solvent extraction segment is witnessing significant CAGR growth over the forecast period. This rise can be due to its great convenience, hassle-free nature, and flexibility of application in comparison to other extraction methods. Because of these advantages, solvent extraction is frequently employed to generate policosanol from plant-based sources such as sugar cane wax, beeswax, and rice bran. A solvent (such as ethanol) is utilized in this technique to dissolve and extract policosanol from a plant-based feedstock.

By Application Insights

The pharmaceutical drugs segment accounted for the largest revenue share of more than 67.3% over the forecast period.

On the basis of application, the global policosanol market is segmented into personal care & cosmetics, dietary supplements, pharmaceutical drugs, food processing, animal feed, nutraceutical, pet food, and others Among these, the pharmaceutical drugs segment is dominating the market with the largest revenue share of 67.3% over the forecast period. This is attributed to the actuality that the pharmaceutical sector is expanding at a quick pace as a result of population expansion, increased R&D activities, technological improvement, and increased focus on this sector. Furthermore, the prevalence of scientific studies, notably in Cuba, where policosanol has been widely explored and utilized as a pharmaceutical medicine, influenced its commercial acceptance. The favorable results demonstrated efficacy and safety, sparking interest in investigating the possibility of policosanol as a pharmaceutical treatment.

Regional Insights

Asia Pacific dominates the market with the largest market share over the forecast period.

Asia Pacific is dominating the market with more than 53.7% market share over the forecast period. The Asia Pacific policosanol market is expected to be boosted by countries such as India, China, and Japan. The region has an immense opportunity for policosanol growth due to rising demand in the pharmaceutical sector, where policosanol is mostly used. It is utilized in medicine formulation as a natural antioxidant and anticoagulant agent. This aspect is one of the primary factors driving the expansion of policosanol in the whole region. Furthermore, the pharmaceutical industry in India and Japan has seen considerable expansion for a variety of reasons, including a huge national market, rising spending on healthcare, efforts by the government, R&D technological advancement, and other factors that have fueled the policosanol market. Policosanol is commonly used to treat people suffering from (CVD) cardiovascular disease. This aspect is expected to propel the Asia Pacific policosanol market. Across the Asia Pacific area, there has been an increase in knowledge regarding health and wellness.

North America, on the contrary, is expected to grow the fastest during the forecast period. This can be related to the region's rising motivation for functional foods and supplements made from natural ingredients. Furthermore, the United States is expected to have a leading position in the North American policosanol market over the forecast period. Policosanol has been demonstrated to be particularly effective at promoting a healthy lipid that helps avoid heart attacks due to its increasing use as a significant ingredient in medicines and nutraceutical formulations.

List of Key Market Players

• 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

Key Market Developments

• In June 2022, A merger occurred between IGEA Pharma N.V. and Blue Sky Swisse SA. The latter will be in charge of carrying out commercial processing processes for cannabidiol, terpenes, policosanol, and other vegetable matrices. Both organizations will also commence the market introduction of the given solutions.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Policosanol Market based on the below-mentioned segments:

Policosanol Market, Source Analysis

• Sugarcane
• Wheat Germ
• Beeswax
• Rice Bran
• Others

Policosanol Market, Extraction Process Analysis

• Solvent Extraction
• Supercritical Carbon Dioxide Extraction

Policosanol Market, Application Analysis

• Personal Care & Cosmetics
• Dietary Supplements
• Pharmaceutical Drugs
• Food Processing
• Animal Feed
• Nutraceutical
• Pet Food
• Others

Policosanol Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa