Global Phytosterols Market Revenue Rising at 10% CAGR 2015-2021 due to Rising Prevalence of Cardiovascular Diseases.

Leading market analysis firm Transparency Market Research (TMR) has announced the release of a new market study examining the global phytosterols market. According to the new TMR report, the global phytosterols market is expected to exhibit a robust CAGR of 10% from 2015 to 2021. The market for phytosterols is rising due to growing awareness about their protective effects against cardiac disorders. The rising prevalence of cardiac disorders around the world will propel the market for phytosterols in the coming years.The TMR report, titled ‘Phytosterols Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, is available on the company website for sale.

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According to the report, the global phytosterols market garnered revenue of US$473.8 mn in 2014 and is expected to rise to an annual revenue figure of US$926.7 mn by 2021. This represents a CAGR of 10% over the aforementioned forecast period. However, in terms of volume, the global phytosterols market is expected to exhibit a slightly lower CAGR of 8.60% from 2015 to 2021, rising from close to US$18 mn tons in 2014 to a projected 32 mn tons by 2021.

The report classifies the global phytosterols market on the basis of product type, application, and geography. All segments of the market according to each criterion are examined in detail and their historical, current, and projected performance curve is presented in the report. This helps provide a comprehensive overview of the market to readers. The competitive landscape of the global phytosterols market is also analyzed in the report to help readers figure out the key competitive trends in the market.

The rise in demand for phytosterols is due to the fact that they prevent the absorption of cholesterols in the body. Phytosterols are similar in composition to cholesterols, but unlike cholesterols, they are not absorbed in the body. They also reduce the amount of triglycerides in the body, which can have a protective effect against cardiovascular disorders.

Among the various product segments of the global phytosterols market, B-sitosterol is expected to lead the market in the coming years, with the anti-inflammatory properties of campesterol leading to the product segment holding the second largest share in the market. B-sitosterol is easily available across the world, which has led to its dominance in the global market.

Geographically, Europe and North America lead the global phytosterols market, with the two regions holding a share of 40% and 30% in the global phytosterols market, respectively, in 2014. The Rest of the World market for phytosterols is growing rapidly at present; however, lack of government support in Asia Pacific and the Middle East has impeded the phytosterols market in these regions. The easier availability of omega 3 fatty acids, which also have a protective effect against cardiac diseases, has also restricted the phytosterols market in APAC and the Middle East.

The report provides detailed data regarding the performance of the phytosterols market in each regional segment, as well as detailed data about the key players in the market such as Cargill Inc., Archer Daniels Midland Co., Raisio plc, BASF SE, and Arboris LLC. Major players in the phytosterols are expected to aim at consolidating their share in the global market through aggressive M&A and collaboration strategies in the coming years.

The global phytosterols market is segmented as follows:

Global Phytosterols Market, by Product Type

B-sitosterol
Campesterol
Stigmasterol
Others

Global Phytosterols Market, by Application Type

Food Ingredients
Pharmaceuticals
Cosmetics

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This release was published on openPR.