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Phytosterols Market to Garner $935 Million by 2022 | CAGR of 9.62%

02-06-2020 10:10 AM CET | Health & Medicine

Press release from: Allied Market Research

Phytosterols Market

Phytosterols Market

Plant biosynthesis and root culture are new biotechnology alternatives to increase phytosterol production.

Phytosterols Market generated $490 million in 2015, growing at a CAGR of 9.62% during the forecast period to reach $935 million by 2022. In 2015, Beta-sitosterols type occupied three-fifths share in terms of revenue.

An increase in coronary diseases such as heart disease (Atherosclerosis and heart attack), stroke, type 2 diabetes, high blood pressure, obesity, and peripheral vascular diseases, governmental approvals, and advancements in technologies have fueled the growth of phytosterols.

In addition, the rise in awareness of health benefits associated with phytosterols has propelled its demand among consumers. Furthermore, anti-aging and anti-cancerous properties in phytosterols have increased its applications in the cosmetics and pharmaceutical industries.

Moreover, regulating bodies such as FDA and various committees have approved the use of phytosterols in food items such as sausages, bakery products, beverages, and others. Phytosterols blended with food products can reduce various health problems like heart risks, coronary heart diseases, increased cholesterol levels, and obesity and the market is expected to find major acceptance in the coming years.

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Top market players in this sector include
o Archer Daniels Midlands
o Cargill Incorporated
o Pharmchem Laboratories Inc.
o BASF SE
o DuPont De Nemours
o Raisio plc
o Arboris LLC
o Unilever plc
o Hyphyto Inc.
o Gustav Parmenteir GmbH

In 2015, beta-sitosterols accounted for a major share, which facilitated the phytosterols market to grow with demand owing to its large pool applications in the pharmaceutical sector followed by campesterol with extensive applications in food and beverages.

Furthermore, the health benefits associated with phytosterols have stirred the market with demand for blending food products with phytosterols. The technological advancements such as vitro-culture and biosynthesis of plants and roots are anticipated to drive the market with potential growth opportunities.

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Key Findings of the Phytosterols Market
o In the application segment, pharmaceuticals occupied one-third share in 2015.
o The phytosterol market in Asia-Pacific is anticipated to grow with a CAGR of 10.1% during the forecast period.
o In North America, the phytosterols market in the pharmaceutical segment is expected to grow with a CAGR of 9.7% from 2016-2022.
o The campesterol type occupied more than one-fourth share in 2015.
o In LAMEA, the phytosterols market in -sitosterols segment is likely to achieve a CAGR of 9.1% during the forecast period.

In 2015, Europe was the dominating market in phytosterols, occupying more than two-fifths share followed by North America, whereas the phytosterols market in Asia-Pacific is anticipated to grow with a CAGR of 9.9% from 2016-2022.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975

help@alliedmarketresearch.com

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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