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2023

Policosanol Market

Policosanol Market Size, Share, Competitive Landscape and Trend Analysis Report by Source, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Renewable, Speciality and fine chemicals

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Author's: Akshata Dhange and Nikhil; Mittal | Eswara Prasad
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Policosanol Market Research, 2032

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.

Report key highlighters:

  • The report outlines the current policosanol market trends and future scenario of the market from 2023 to 2032 to understand the prevailing opportunities and potential investment pockets. 
  • The global policosanol market has been analyzed in terms of value ($Million) and volume (Kilotons). The analysis in the report is provided on the basis of source, application, 4 major regions, and more than 15 countries.
  • The policosanol market is consolidated in nature with few players such as 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, which hold significant share of the market.
  • The report proivdes strategy planning and industry dynamics to enhance decision making for existing market players and new entrants entering the policosanol industry.
  • Countries such as China, U.S., India, Germany, and Brazil hold a significant share in the global policosanol market.

Policosanol Market

Policosanol is a natural supplement derived from the wax of sugarcane, beeswax, and 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. In addition, policosanol has potential to reduce LDL (low-density lipoprotein) cholesterol, commonly referred to as "bad" cholesterol, while increasing HDL (high-density lipoprotein) cholesterol, often called "good" cholesterol.

There is an increase in emphasis on maintaining cardiovascular health with the aging population and a growing focus on preventive healthcare. Policosanol, with its potential cholesterol-lowering and antiplatelet effects, is positioned as a preventive measure against heart disease and related conditions. This factor is anticipated to drive the market during the forecast period.

However, policosanol supplements are expensive compared to some other cholesterol-lowering medications. Furthermore, policosanol is considered safe for short-term use, there is limited information about its long-term safety. Moreover, it has side effects such as stomach upset, headaches, or skin reactions. In addition, policosanol interacts with certain medications, including blood thinners, affecting their efficacy, or increasing the risk of bleeding.

Furthemore, the policosanol market has the potential for expansion into new geographic markets. There are opportunities to introduce supplements in regions where it is not yet widely available as awareness of policosanol and its potential benefits grows. These factors are anticipated to offer remunerative opportunities for the policosanol market during the forecast period.

The policosanol market is segmented on the basis of source, application, and region. On the basis of source, the market is categorized into sugarcane, wheat germ, beeswax, and others. On the basis of application, it is divided into dietary supplements, pharmaceutical drugs, 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 Market by Region

The Asia-Pacific policosanol market size is projected to grow at the highest CAGR of 7.5% during the forecast period and account for 49% of policosanol market share in 2022. The Asia-Pacific policosanol market is anticipated to expand during the forecast period. India, China, and Japan are anticipated to contribute to the Asia-Pacific policosanol market. The region highlights high potential growth for policosanol, owing to the increase in the pharmaceutical sector where policosanol is used predominantly. It is used as antioxidant and anticoagulant agent in the formulation of drugs. This factor acts as one of the key drivers responsible for the growth of policosanol in the region.

The pharmaceutical market in India and Japan has been experiencing significant growth for several reasons such as, large domestic market, increasing healthcare expenditure, government initiatives, R&D innovation, and other factors that have spurred the policosanol market. Policosanol has been widely used to treat patients with (CVD) cardiovascular disease. This factor is projected to drive the policosanol market In the Asia-Pacific region. There has been a growth in awareness of health and wellness across the Asia-Pacific region.

Policosanol Market by Source

On the basis of source, the sugarcane segment dominated the global market in 2022, and is anticipated to grow at a CAGR of 7.2% during forecast period. The demand for sugarcane is driven by factors such as population growth, change in consumer preferences, industrial uses, economic development, bio-based products, and the ongoing need for sugar as a food ingredient has enhanced the overall potential sales of policosanol market during the forecast period. Furthermore, policosanol, derived from sugarcane, has been studied for its potential health benefits.

Sugarcane-derived policosanol is used to support overall cardiovascular health due to its cholesterol-modulating effects. It helps to reduce the risk of heart disease, stroke, and other cardiovascular conditions. This factor is expected to drive the demand for sugarcane derived policosanol in the medicinal sector. According to data published by Investopedia in June 2022, globally about 80% of the sugar is produced from cane grown in tropical and subtropical climates. This statistical data is expected to drive the overall market expansion during the forecast period.

Policosanol Market by Application

In 2022, the pharmaceutical drug segment was the largest revenue generator, and is anticipated to grow at a CAGR of 6.9% during the forecast period.  This is due to the fact that there is a growth in pharmaceutical sector at a rapid pace owing to the rise in population, increase in R&D activities, advancement in technology, and increased focus on this sector has spurred the pharmaceutical industry. For instance, according to a report published by India Brand Equity Foundation in the year May 2022, domestic pharmaceutical market of India is at $42 billion in 2021 and is expected to reach $65 billion by 2024 and further expand to reach $120-130 billion by 2030. Policosanol acts as a lipid lowering agent and it is perceived as benefits for cardiovascular health.

Moreover, the availability of scientific studies conducted primarily in Cuba, where policosanol has been extensively researched and used as a pharmaceutical drug, and also influenced its adoption in the industry. The positive outcomes have shown efficacy and safety which has driven interest in exploring the potential of policosanol as a pharmaceutical intervention.

The global policosanol market profiles leading players that include 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. The global policosanol market report provides in-depth competitive analysis as well as profiles of these major players

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.

Policosanol Market Report Highlights

Aspects Details
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Market Size By 2032

USD 586.5 million

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Growth Rate

CAGR of 6.9%

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Forecast period

2022 - 2032

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Report Pages

402

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By Source
  • Sugarcane
  • Wheat Germ
  • Besswax
  • Others
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By Application
  • Dietary supplements
  • Pharmaceutical drugs
  • Personal care and Cosmetics
  • Animal Feed
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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)
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Key Market Players

MANUS AKTTEVA BIOPHARMA LLP, Bioriginal Food & Science Corp, Ambe Phytoextracts Pvt. Ltd., BOC Sciences, SHREEJI PHARMA INTERNATIONAL, Botanic Healthcare, ZXCHEM Group, Sabinsa, Sunpure Extracts Pvt Ltd., HUZHOU SHENGTAO BIOTECH LLC

Analyst Review

According to CXOs of leading companies, the global policosanol market is expected to exhibit high growth potential. Policosanol is an organic chemical and holds antioxidant and antiplatelet effects properties owing to which it is widely used in pharmaceutical industry. In addition, growth in consumer demand for natural organic based products and increase in prevalence of cardiovascular diseases has spurred the policosanol market. Policosanol, with its potential cholesterol-lowering and antiplatelet effects, appeals to those looking for natural solutions. Moreover, policosanol has potential of lowering cholesterol-level and possess antiplatelet effects which is helpful for those appeals for natural solutions. Policosanol, being a natural supplement, is perceived as having fewer side effects compared to pharmaceutical drugs, making it an appealing choice for those who have experienced intolerances or adverse reactions. The CXOs further added that sustained economic growth and the development of the cosmetics and food processing in sector have surged the popularity of policosanol.

Author Name(s) : Akshata Dhange and Nikhil; Mittal | Eswara Prasad
Frequently Asked Questions?

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.

Growing interest in natural and plant-based products: Consumers are increasingly seeking natural and plant-based alternatives to conventional medications. This trend may extend to the policosanol market, as it is derived from sugar cane wax.

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

Pharmaceutical drugs application is the leading segment in the policosanol market.

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.

Asia-Pacific is the largest regional segment for policosanol market.

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.

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Policosanol Market

Global Opportunity Analysis and Industry Forecast, 2023-2032