The North America Policosanol Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 62.91 Tonnes, showcasing a growth of 5.6% (2019-2022).
The Policosanol, a natural supplement derived from sugarcane wax or beeswax, has steadily gained traction in recent years. As awareness of the importance of heart health and overall well-being continues to rise, consumers are turning to natural alternatives like this supplement, attributed to its growing adoption across various demographics. The supplement is widely recognized for its potential to reduce cholesterol levels, contributing to its widespread appeal among health-conscious individuals searching for natural remedies.
In addition, the increasing prevalence of cardiovascular diseases has fueled a heightened emphasis on heart health. The supplement’s potential to regulate cholesterol levels, particularly low-density lipoprotein (LDL) cholesterol, is a valuable supplement in maintaining a healthy cardiovascular system. As consumers become more proactive about preventing heart-related issues, the adoption of this supplement is witnessing a notable upswing.
As per the data published in 2022 by Statistics Canada, over 861,000 people aged 85 and older were counted in the 2021 Census, more than twice the number observed in the 2001 Census. The population aged 85 and older is one of the fastest-growing age groups, with a 12% increase from 2016. Currently, 2.3% of the population is aged 85 and older. Thus, North America's rising aging population will help expand the regional market.
The US market dominated the North America Policosanol Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $91,039.7 Thousands by 2030. The Canada market is experiencing a CAGR of 8.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Policosanol Market is Predict to reach $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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