Phytosterols Market: Analyzing Growth Drivers and Global Scope for Plant-Based Nutraceuticals

The phytosterols market size has grown rapidly in recent years. It will grow from $1 billion in 2023 to $1.11 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increasing awareness of health benefits, rising prevalence of cardiovascular diseases, functional food and nutraceutical trends, government initiatives to combat obesity, functional ingredients in cosmetics.

The phytosterols market size is expected to see rapid growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to focus on plant-based diets, research on additional health benefits, expansion of functional beverages, regulatory support for health claims, global aging population. Major trends in the forecast period include innovations in delivery formats, collaborations in research and development, phytosterols in personalized nutrition, clean label and transparency, phytosterols in pet food.

Market Overview -
Phytosterols refer to bioactive substances that naturally occur in plants and have a chemical structure resembling that of cholesterol. Phytosterols compete with dietary cholesterol for intestinal absorption, resulting in lower blood cholesterol levels. It aids in controlling blood cholesterol levels, lowering the chance of heart disease, a heart attack, or a stroke.

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The Rising Prevalence Of Cardiovascular Disease Fuels Growth In The Phytosterols Market
The increasing prevalence of cardiovascular disease is significantly contributing to the growth of the phytosterols market going forward. 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. Plant sterols or phytosterols compete with cholesterol absorption by binding to micelles and lowering cholesterol concentration. The daily consumption of phytosterols is associated with an 8% to 10% reduction in LDL cholesterol levels. For instance, in January 2023, according to a report shared by the American Heart Association, a US-based non-profit organization that supports cardiovascular medical research, 928,741 people died in the United States in 2020 because of cardiovascular disease (CVD), which was reported as the primary cause of death. Additionally, according to reports by the British Heart Foundation, a UK-based cardiovascular research charity, the number of deaths caused due to all heart and circulatory diseases in men and women accounted for 163,888 in 2019 in the UK, which increased to 168,319 in 2020. Therefore, the increasing prevalence of cardiovascular disease is driving the growth of the phytosterols market.

Competitive Landscape -
Major companies operating in the phytosterols market report are Cargill Inc., Archer Daniels Midland Company, BASF SE, Wilmar International Limited, Bunge Limited, Unilever PLC, Sigma-Aldrich Company LLC, Ashland Global Holdings Inc., Evonik Industries AG, ProBiotix Health Ltd, Raisio PLC, Les Dérives Résiniques Et Terpéniques SA (DRT), Avanti Polar Lipids Inc, Xi'an Healthful Biotechnology Co. Ltd., Matrix Life Science Pvt. Ltd., Connoils LLC, Arboris LLC, Advanced Organic Materials SA, BOC Sciences, Foodchem International Corporation, Lipofoods SLU, Vitae Naturals, Herbo Nutra Extract Private Limited, CD Bioparticles, Ipsum Lifesciences LLP, MMP Inc., Gustav Parmentier GmbH, Hyphyto Inc., Enzymotech Ltd., Tama Biochemical Co.Ltd.

Phytosterols Market Driven By Product Innovations: Launch Of Cholbiome Ch Offers Dual-Action Cholesterol Reduction
Product innovation is the key trend gaining popularity in the phytosterols market. 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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Key Segments -

The phytosterols market covered in this report 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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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