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Phytosterols Market Report 2023-2032: Size, Growth Analysis, Industry Share, Business Trends And Forecast | Cargill Inc., Archer Daniels Midland Company, BASF SE, Wilmar International Limited, Bunge Limited
Phytosterols Market
The Business Research Company's Phytosterols Global Market Report 2023 identifies increasing prevalence of cardiovascular disease as the major driver for the Phytosterols market's growth in the forecast period. Cardiovascular disease is a general term encompassing conditions affecting the heart or blood vessels. It includes heart and blood vessel disorders, including coronary heart disease, stroke, peripheral arterial disease, aortic disease, and other conditions.
The global phytosterols market size is expected to grow from $0.91 billion in 2022 to $1 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of phytosterols market is expected to reach $1.49 billion in 2027 at a CAGR of 10.4%.
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Major competitors in the Phytosterols market are Cargill Inc., Archer Daniels Midland Company, BASF SE, Wilmar International Limited, Bunge Limited.
A key trend in the Phytosterols market includes Product innovation. Major companies operating in the phytosterols market are focusing on developing new products and solutions to sustain their position in the market. For instance, in May 2023, ProBiotix Health PLC, a UK-based life sciences company, launched CholBiome CH, an innovative dual-action cholesterol-reducing bi-layer tablet. Lactobacillus plantarum LPLDL and plant sterols/stanols (PSS) are the two active ingredients of the bi-layer tablet, CholBiome CH. These work in combination to support the dual-action cholesterol-reducing formula's goal of lowering both internal and dietary cholesterol levels. The award-winning component LPLDL works on the internal cholesterol to produce enzymes that break down bile salts in this new allergen- and GMO-free innovation, which delivers a dual mode of action. This encourages the liver to eliminate cholesterol from the blood to restore necessary levels and keep the body's bile salt pool in good condition.
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The Phytosterols market is segmented -
1. By Type: Beta-Sitosterols, Campesterols, Stigmasterols, Other Types
2. By Source: Vegetable Oils, Nuts and Seeds, Whole Grains, Other Sources
3. By Form: Dry, Liquid
4. By Application: Food And Beverages, Pharmaceuticals, Cosmetics, Dietary Supplements, Animal Feed
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Phytosterols market.
The Business Research Company's "Global Phytosterols Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Phytosterols Market Include:
1. Executive Summary
2. Phytosterols Market Characteristics
3. Phytosterols Market Trends And Strategies
4. Phytosterols Market - Macro Economic Scenario
……
32. Global Phytosterols Market Competitive Benchmarking
33. Global Phytosterols Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Phytosterols Market
35. Phytosterols Market Future Outlook and Potential Analysis
36. Appendix
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