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Policosanol Market Share

Report ID: GMI5572
Published Date: Apr 2023
Report Format: PDF

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Policosanol Market Share

Some of the prominent policosanol industry players are:

Shreeji Pharma International
BioCrick Co Ltd
Ambe Phytoextracts
Chengdu Biopurify Phytochemicals Ltd
Botanic Healthcare
Garuda International Inc.

Many companies are prioritizing expansion strategies to keep ahead of the competition. Citing an instance, in January 2023, Botanic Healthcare, an Indian manufacturer of plant-based products announced the opening of a new unit in Bangalore, India to expand its offerings of herbal extracts and be the leading supplier to the nutraceutical, pharmaceutical, and food and beverages industries.

Recently, the company also received the National Sanitation Foundation’s (NSF) NSF/ANSI 173, Section 8 certification in the US, which implies that its manufacturing unit meets the requirements of FDA’s Food Safety Modernization Act.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

In 2022, global policosanol market was valued at over USD 310 million and is anticipated to grow at over 5.5% CAGR from 2023 to 2032, on account of rising occurrence of cardiovascular disorders globally.

Based on source, policosanol industry from sugarcane wax segment is expected to record a valuation of over USD 190 million by 2032, on account of growing pharmaceutical industry.

Asia Pacific policosanol market is poised to record a valuation of more than USD 180 million by 2032, on account of the region

Some of the market players partaking in policosanol industry share include names such as Chengdu Biopurify Phytochemicals Ltd., Garuda International Inc., Shreeji Pharma International, BioCrick Co., Ltd., and BOC Sciences, among others.