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Phytosterols Industry to See Robust Expansion, Valued at $1.86 Billion by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.What Is the Projected CAGR for the Phytosterols Market from 2024 to 2025?
The market for phytosterols has seen notable expansion in the past few years. It's projected to increase from $1.1 billion in 2024 to $1.2 billion in 2025, a compound annual growth rate (CAGR) of 8.9%. This significant growth during the historical period is due to rising health consciousness, increasing incidence of cardiovascular diseases, the demand for functional food and nutraceuticals, government strategies to fight obesity, and the use of functional ingredients in cosmetics.
What are the Expected Market Size and CAGR for Phytosterols by 2029?
In the forthcoming years, the phytosterols market is predicted to experience accelerated growth, reaching $1.86 billion by 2029, with a compound annual growth rate (CAGR) of 11.5%. The impetus for growth during the projection period can be tied to an emphasis on plant-based diets, investigation into extra health advantages, growth in the functional beverages sector, government backing for health statements, and the worldwide aging populace. Key trends during the forecast period encompass advancements in delivery systems, partnerships for R&D endeavors, the role of phytosterols in tailored nutrition programs, prioritizing clear labeling and transparency, and the inclusion of phytosterols in pet food products.
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Which Factors Are Driving the Global Phytosterols Market Expansion?
The rise in the incidence of cardiovascular diseases is playing a critical role in propelling the growth of the phytosterols market. Cardiovascular diseases, a broad term that encompasses ailments affecting the heart and blood vessels, include disorders such as coronary heart disease, stroke, peripheral arterial disease, aortic disease, and others. Phytosterols, or plant sterols, lower the concentration of cholesterol by competing with its absorption via binding to micelles. Daily intake of phytosterols is linked to an 8% to 10% decrease in LDL cholesterol levels. For instance, data from the British Heart Foundation released in September 2024 shows that about 7.6 million people in the UK have heart and circulatory diseases, roughly broken down into 4 million men and 3.6 million women. Around 27% of UK deaths, or over 170,000 deaths, are attributable to these diseases each year, equating to approximately 480 deaths per day or one death every three minutes. Hence, the escalating prevalence of cardiovascular disease is fueling the expansion of the phytosterols market.
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Which Segment Currently Holds the Largest Share of the Phytosterols Market?
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
Subsegments:
1) By Beta-Sitosterols: Beta-Sitosterol Esters, Free Beta-Sitosterol
2) By Campesterols: Campesterol Esters, Free Campesterol
3) By Stigmasterols: Stigmasterol Esters, Free Stigmasterol
4) By Other Types: Brassicasterol, Ergosterol
Which Major Trends Are Shaping the Future of the Phytosterols Industry?
Key advancements in product development have become a rising trend in the phytosterols market. A majority of companies in the market are formulating innovative products to maintain their market standing. An example is that in May 2023, ProBiotix Health PLC, a British life science firm, introduced CholBiome CH, a uniquely formulated cholesterol-lowering bi-layer tablet. The tablet contains Lactobacillus plantarum LPLDL and plant sterols/stanols (PSS), the two primary components used to achieve the dual-action cholesterol-lowering formula's objective of reducing both internal and diet-induced cholesterol levels. A standout feature of this allergy- and GMO-free innovation is the award-winning element LPLDL. It targets internal cholesterol to generate enzymes that degrade bile salts, pushing the liver to remove cholesterol from the blood, thereby maintaining appropriate levels and promoting a healthy bile salt pool within the body.
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Which Key Players Dominate the Phytosterols Industry Globally?
Major companies operating in the phytosterols market include 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.
What Are the Fastest-Growing Regions in the Phytosterols Market?
Europe was the largest region in the phytosterols market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phytosterols market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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