Global Phytosterols Market to Witness a Pronounce Growth During 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Phytosterols market.

Phytosterols, which encompass plant sterols and stanols, are phytosteroids similar to cholesterol which occur in plants and vary only in carbon side chains and/or presence or absence of a double bond. Stanols are saturated sterols, having no double bonds in the sterol ring structure. More than 200 sterols and related compounds have been identified. Free phytosterols extracted from oils are insoluble in water, relatively insoluble in oil, and soluble in alcohols.

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Global Phytosterols Market: Forecast by Type / Application / Region

Phytosterol-enriched foods and dietary supplements have been marketed for decades. Despite well documented LDL cholesterol lowering effects, no scientifically proven evidence of any beneficial effect on cardiovascular disease (CVD) or overall mortality exists

The Phytosterols industry is highly concentrated, the top four accounted for over 70% of the total demand in 2016, and high-end products mainly come from North America and Western Europe.

The global phytosterols market is estimated to reach 930 M USD by 2022, growing at an expected CAGR of 9.5% from 2017 to 2022. Europe phytosterols market accounted for over 50% of the global revenue generated in 2016. The regional market is also anticipated to grow at a CAGR of 9.3% over the forecast period. North America phytosterols market is estimated to reach over 14 kilo tons by 2022. And the Revenue is estimated to reach 300 M USD by 2022; China phytosterols market accounted for over 3.3% of the global revenue generated in 2022.

In 2016, β-Sitosterol held the largest market share of over 60% of the global phytosterols market. The β-Sitosterol is also projected to experience the maximum growth rate, at a projected CAGR of 9.6% from 2017 to 2022. It finds application in a large pool of medical applications which include prevention from cervical cancer, skin problems, and colon cancer. Strong application scope in fortified food & beverage industry for improving immune systems and reducing cholesterol level should drive industry growth. Favourable regulations by EFSA, FDA, and Health Canada approved fortification of phytosterols in various food products and dietary supplements are beneficial for industry growth.

Over the next five years, LPI(LP Information) projects that Phytosterols will register a 9.5% CAGR in terms of revenue, reach US$ 930 million by 2023, from US$ 590 million in 2017.

Global Phytosterols Market: Key Players
Raisio
BASF
ADM
Bunge
Dupont
Cargill
Arboris
DRT
Gustav Parmentier
Enzymotech
Fenchem

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Related Information:
United States Phytosterols Market Research Report 2018
Europe Phytosterols Market Research Report 2018
North America Phytosterols Market Research Report 2018
Asia-Pacific Phytosterols Market Research Report 2018
China Phytosterols Market Research Report 2018
EMEA Phytosterols Market Research Report 2018
Global Phytosterols Market Research Report 2018

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