According to a new report, published by KBV research, The Global Policosanol Market size is expected to reach $475.8 million by 2030, rising at a market growth of 6.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 272.02 Tonnes, experiencing a growth of 6.1% (2019-2022).
The Sugarcane segment led the Global Policosanol Market, by Source in 2022; thereby, achieving a market value of $209.4 million by 2030. Sugarcane is a natural and sustainable source of policosanol. Probing policosanol from sugarcane wax aligns with consumer preferences for natural and plant-based ingredients. Sustainability considerations and the eco-friendly nature of sugarcane contribute to the positive image of policosanol derived from this source. These aspects will boost the demand in the segment.
The Pharmaceutical Drugs segment is growing at a CAGR of 5.5 % during the forecast period. Policosenols, the active compounds in policosanol, may be formulated into prescription medications to address specific health conditions. Pharmaceutical-grade formulations are designed to meet stringent regulatory standards, ensuring the product's efficacy, safety, and consistent quality. Owing to these factors, there will be increased demand in the segment.
The Asia Pacific region dominated the Global Policosanol Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $210.6 million by 2030. The North America region is anticipated to grow at a CAGR of 5.8% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 6.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/policosanol-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Tonnes, USD Million, 2019-2030)
Companies Profiled
Unique Offerings 
