Phytosterols Market size to exceed $1bn by 2024
Phytosterols Market size is set to exceed USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc.
Global phytosterols market size should witness consumption at over 40 kilo tons by 2024. Rising functional food demand on account of increasing consumer awareness towards nutritional enrichment and calorie reduction should drive industry growth. They are used as additives in various food products including bakery products, milk, sauces, cold cuts, spreads, margarines, and yoghurts.
Favorable regulatory outlook in Germany, France and UK to naturally derived ingredients may stimulate phytosterols market growth. EU passed Horizon Strategy 2020, to promote industrial development of naturally derived and eco-friendly products. Probiotics market has witnessed high acceptance among consumers which may affect European regional growth.
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Beta sitosterol market size may witness highest gains at over 9%. It is mainly used to manufacture medicine for minimizing high cholesterol level and heart disease treatment. It also help boost immune system and prevent headache, migraine, hair loss, colon cancer, asthma, cervical cancers, and allergies.
Strong application scope in fortified food & beverage industry for improving immune systems and reducing cholesterol level should drive industry growth. Favourable regulations by EFSA, FDA, and Health Canada approved fortification of phytosterols in various food products and dietary supplements are beneficial for industry growth.
Key raw materials, vegetable oil and tall oil are used in production may hinder industry profitability. These raw materials may face supply dynamics which are used in product formulations for lubricants, rubber inks and adhesives, and affect phytosterols market price trend.
Browse key industry insights spread across 110 pages with 188 market data tables & 15 figures & charts from the report, “Phytosterols Market”:
Key insights from the report include:
•U.S. phytosterols market size from pharmaceutical should witness consumption at over 4 kilo tons by 2024. Increasing incidences such as cardiovascular diseases and cancer on account of climate dynamics should boost industry growth. Positive indicators from pharmaceutical industry for curing diseases such as psoriasis, arthritis, allergies, tuberculosis, hair loss, bronchitis, and asthma should propel product demand.
•China phytosterols market size from cosmetic application may witness gains at over 9%. It is used for reducing skin roughness, providing UV protection, and improving skin elasticity. Stigmasterol market should register close to 670 tons by 2024. It is processed from medicinal herbs and oilseeds, and is used in cortisone and progesterone production. Strong application scope in pharmaceutical sector on account of preventing and curing disease occurrences should enhance product demand.
•Campesterol should witness significant gains, being used for medicinal purposes and in dietary supplements due to increasing consumer’s health awareness. It is used in regular diet and decreases overall LDL cholesterol level.
•Global phytosterols market share is highly consolidated with industry participants and accounted for over 45% of the total demand in 2015. Dupont, BASF Cognis, ADM, and Raisio are key notable companies. Others include Cargill, Arboris, DRT, Fenchem, Lipofoods, PrimaPharm, Enzymotec, and Eugene Science.
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Table of contents for Phytosterols Market is as given below:-
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Phytosterols industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3 Product trends
2.1.4 Application trends
Chapter 3 Phytosterols Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2013 - 2024
3.3 Industry ecosystem analysis
3.4 Raw material insights
3.4.1 Tall oil
3.4.2 Soybean oil
3.5 Technology landscape
3.5.1 Sterols production from vegetable oil distillates
3.5.2 Sterols production from wood pulp/tall oil
3.5.3 Phytosterol esters production
188.8.131.52 Direct esterification using fatty acids
184.108.40.206 Trans-esterification using fatty acids methyl esters
3.6 Regulatory landscape
3.7 Industry impact forces
3.7.1 Growth drivers
220.127.116.11 Favorable regulatory outlook
18.104.22.168 High incidence of heart diseases
22.214.171.124 Growth of food & beverage industry
3.7.2 Industry pitfalls & challenges
126.96.36.199 Substitute threat from other functional food ingredients
188.8.131.52 Lack of consumer awareness
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 Company market analysis, 2015
3.11 PESTEL analysis
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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