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Global Phytosterols Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Phytosterols Market
Global Phytosterols Market: By Product Type (Beta-sitosterol, Stigmasterol, Campesterol, Others), By Application (Pharmaceuticals, Cosmetics, Food Ingredients, Others ), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global phytosterols market was valued at US $ XX Mn and expected to grow around 9.0% Compound Annual Growth Rate (CAGR) over the 2018 to 2024.
Market Outline: Global Phytosterols Market
Phytosterols are plant derived sterols present in fatty tissues of plant. These have similar chemical structure as cholesterol and higher concentrations are found in vegetable oils, nuts, and beans. The difference between the cholesterol and phytosterols is absorption levels in blood. Phytosterols absorbed at lower rate compared with cholesterol and helps to reduce the cholesterol levels in the body that leads to reduce the risk of coronary artery disease.
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Market Dynamics: Global Phytosterols Market
High nutritional benefits with phytosterols coupled with increase in the prevalence of coronary artery disease is a key factor that expected to drive the demand for phytosterols over the forecast period. Moreover, technological advancements in the extraction of phytosterols from plants, approval for the usage of phytosterols in food ingredients by various regulating bodies such as FDA and EU SFC, rise in R&D on the phytosterols beneficial aspects, and wide range of applications of phytosterols such as anti-cancer properties are fuel the phytosterols market over the forecast years. However, poor bioavailability and solubility of phytosterols, high cost of products, alternative availability, and side effects associated with phytosterols may restrain the growth of phytosterols market.
Market Scope: Global Phytosterols Market
Global phytosterols market is segmented based on product type and application
Based on the product type, the market is segmented into the following:
• Beta-sitosterol
• Stigmasterol
• Campesterol
• Others
Based on the application, market is segmented into the following:
• Pharmaceuticals
• Cosmetics
• Food Ingredients
• Others
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Regional Analysis: Global Phytosterols Market
Geographically, global phytosterols market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America phytosterols market projected to grow at significantly due to increase in the prevalence of cancer and coronary artery disease, increase in the awareness about the applications of phytosterols, and rise in disposable income. Europe phytosterols market growth attributed to approval from the EFSA for phytosterols usage in food ingredients, adoption of newer techniques for the extraction of phytosterols and increase in the incidence of heart diseases are propel the market. Asia Pacific phytosterols market has a prominent growth owing to rise in population demand for the natural food ingredients, increase in the R&D for the development of newer products, and entry of market players into Asia Pacific region are upsurge the revenue of market.
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Competition Assessment: Global Phytosterols Market
Some of the players in the global phytosterols market include:
• Cargill Inc. (U.S.)
• E.I. DuPont De Nemours (U.S)
• Archer Daniels Midlands (U.S.)
• HyPhyto Inc. (U.S.)
• Arboris, LLC (U.S.)
• BASF SE (Germany)
• Raisio Plc. (Finland)
• Gustav Parmentier GmbH (Germany)
• Pharmachem Laboratories, Inc. (U.S.)
• Unilever PLC (Netherlands)
• Lipofoods SLU (The Lubrizol Corporation) (Spain)
Notable Market Developments: Global Phytosterols Market
In April 2017, Lipofoods SLU launched Lipophytol, a highly concentrated, water dispersible plant sterol used to support the cardiovascular health
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