Market Size of Europe Sterol Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Sterol Market Analysis
The European sterol market is expected to register a CAGR of over 5% during the forecast period.
Sterol was used during the COVID-19 pandemic and post-pandemic in medical, pharmaceutical, and other consumer products to control the virus outbreak. Despite the challenges posed during the pandemic, some pharmaceutical companies have continued to invest in research and development of sterol-based drugs. This has helped to maintain the market for sterols in Europe. Additionally, the European Commission has taken steps to ensure that the supply of essential medicines, including those containing sterols, is maintained during the pandemic. Moreover, in 2021, the increasing awareness about the health benefits of sterols is expected to further boost the market growth.
- Over the short term, the demand from the pharmaceutical, food, and beverage industries is accelerating the market's growth.
- However, one of the main factors hindering the expansion of the European sterol market is the high cost of the raw materials used in their manufacturing.
- Nevertheless, chances for the market over the forecast period are expected to emerge from sustainable and effective bio-based, GMO-based sterol products.
- In terms of revenue, Germany is expected to dominate the European market during the forecast period.
