The Europe Policosanol Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 39.39 Tonnes, showcasing a growth of 5.9% (2019-2022).
The shift toward natural and plant-based supplements is a key driver for the market. Consumers prefer natural alternatives over synthetic or pharmaceutical options, driven by concerns about side effects and a desire for holistic well-being. The supplement, sourced from natural waxes, aligns with this trend, contributing to its increased adoption. The aging demographic, particularly in developed regions, is becoming increasingly health-conscious. As individuals age, concerns about heart health become more prominent. This supplement’s potential benefits and a broader awareness of preventive health measures make it a favored choice among the aging population seeking dietary supplements to support cardiovascular wellness.
Changing dietary patterns, characterized by an increasing reliance on processed foods and sedentary lifestyles, have contributed to a rise in cholesterol-related health issues. The supplement’s natural approach to cholesterol management aligns with efforts to mitigate the impact of modern dietary habits, driving its adoption as part of a holistic approach to health. Likewise, the primary application of the supplement lies in its ability to manage cholesterol levels. Numerous studies suggest that the supplement may help lower LDL cholesterol while potentially increasing high-density lipoprotein (HDL) cholesterol. This application has positioned the supplement as a natural alternative for individuals aiming to regulate their cholesterol profiles.
As the incidence of cardiovascular diseases rises in Europe, there is likely to be a growing demand for products and interventions that support cardiovascular health. This supplement may attract individuals seeking natural and alternative approaches to manage their cholesterol levels. As per Eurostat, 1.70 million deaths occurred in the European Union in 2020 due to circulatory system diseases, accounting for 32.7% of the total number of fatalities. In 2020, they accounted for more than half of all deaths in Lithuania, Latvia, and Romania, while the share was higher than two-fifths (60.6 %) in Bulgaria. As a result, the growing concerns about cardiovascular diseases in Europe will boost the demand for the supplement in the region.
The Germany market dominated the Europe Policosanol Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $25,574.2 Thousands by 2030. The UK market is exhibiting a CAGR of 5.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.9% during (2023 - 2030).
Based on Source, the market is segmented into Sugarcane, Wheat Germ, Beeswax, and Others. Based on Application, the market is segmented into Pharmaceutical Drugs, Dietary Supplements, Personal Care & Cosmetics, and Animal Feed. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Policosanol Market will Hit $475.8 Million by 2030, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sabinsa corporation, Sunpure Extracts Private Limited, SHREEJI PHARMA International, Huzhou Shengtao Biotechnology Co., Ltd., Botanic Healthcare Group, Bioriginal Food & Science Corp (Cooke, Inc.), NOW Health Group, Inc. and India Glycols Limited.
By Source (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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