Phytosterol Market Projected to Reach US$ 2.0 Billion by 2032

The phytosterols market is anticipated to reach US$ 0.8 billion in 2022 and expand at a CAGR of 9.1% over the forecast period (2022-2032). By 2032, the market will probably be valued at US$ 2.0 billion. In 2022, the global phytosterols market is projected to increase by 8.4% year over year (Y-o-Y).

Sterols and stanols generated from plants are referred to together as phytosterols. Though they belong to the same family of compounds as cholesterol, their carbon chains or double bonds differ. The fatty tissue of plants contains phytosterols, which have important functions akin to those of cholesterol in humans. The plants that contain the most phytosterols are those that produce beans, vegetable oil, and nuts.

Although phytosterols are found mainly in plants, they play a vital role in man's health. Some of the health benefits of phytosterols include; prevention of coronary heart disease, cholesterol reduction, prevention of cancer, and many others.

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Phytosterols also help in the prevention of skin aging. Phytosterols cannot be synthesized by man or animals; hence, they are included in the diet. Food products are being fortified with phytosterols due to the health benefits associated with their consumption.

Global demand for products containing phytosterols has increased as a result of growing understanding of the health advantages of these compounds. Additionally, the market has advanced over the years due to the variety of ways that phytosterols are used in different end industries, and this trend will continue during the projected period. The market for phytosterols is expected to expand significantly in the years to come.

Phytosterols Market Driven by Growing Consumers' Demand for Healthy Products

There are many health benefits associated with the consumption of phytosterol products. Phytosterols can act as an antioxidant, giving it the power tohelp in the prevention of cancer development; it helps in the prevention of breast, ovarian, and stomach cancers. Phytosterols help in the prevention of skin aging so that the skin glows as often. Individuals suffering from cardiovascular disease are usually administered with food products or drugs containing phytosterols.

Furthermore, the nutritional content contained in phytosterols has surged consumers' interest in its consumption. Phytosterol is rich in vitamin D, whose deficiency diseases include osteomalacia and rickets. These health benefits are supporting the growth of the phytosterol market globally.

Increasing Application in Nutraceuticals

The potential health benefits of plant sterols has fostered the application of phytosterols in pharmaceutical and nutraceutical industries. The growing demand for nutraceuticals among consumers is a strong force driving the phytosterol market globally. Phytosterols are also used as supplement.

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Phytosterols Market: Region-wise Analysis

Europe is the largest market for phytosterols due to the rise in demand for non GMO (Genetically Modified Organisms). It's now mandatory for manufacturers within the European Union to label their products with the content of phytosterol and it should only be consumed by individuals with heart related diseases. Europe is anticipated to grow at moderately over the forecast period. In addition, the rise in demand for bio-based ingredients in various industries like the cosmetic industry have fostered the growth of the market within the region. North America is the second largest market after Europe in terms of total revenue.

The Asia Pacific is the fastest growing region for the phytosterols market. It's expected to witness a significant growth over the forecast period. Increasing consumer demand for healthy products coupled with rising disposable income will trigger the market within the region.With the lack of awareness in the Middle East and Africa, the phytosterols market growth is expected to decline over the forecast period.

Global Phytosterols Market: Competitive Landscape

BASF SE
Raisio Plc.
Bunge Limited
Archer Daniels Midland Company
DuPont Nutrition & Health.
Region-wise Analysis

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
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Global Phytosterols Market Segment Analysis

The global phytosterol market can be segmented on the following basis:

-Phytosterols Market Outlook by Category

-By Product Type:

Campesterol
Beta-Sitosterol
Stigmasterol
Others

-By Source:
Nuts
Seeds
Fruits
Vegetables
Legumes
Oils
Others

-By Application:
Food & Beverages
Pharmaceuticals and Supplements
Cosmetics & Personal Care
Animal Feed Industry
Others

-By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

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