The global phytosterols market value is estimated to witness growth with most lucrative CAGR during the forecast period. The phytosterols are plant-based products, which helps to maintain body cholesterol levels by restricting the cholesterol absorption. Also, it helps to maintain healthy body by lowering risks of cardiovascular diseases and obesity. Thus, the phytosterols are gaining popularity across health-conscious people as a functional food and supplements for blocking absorption of cholesterols levels. Rising awareness among people about the aforementioned benefits of consuming phytosterols are driving growth of the global phytosterols market.

Additionally, increasing awareness about health is resulting to surge in adoption of some healthy foods including phytosterols, which is driving growth of the market. The factors such as inclination toward the plant-based healthy products owing to surge in adoption of vegan lifestyles and eating styles are boosting demand for phytosterols. This in turn is likely to drive the market growth during the forecast period from 2017 to 2023.

The enhancement in the product manufacturing along with technological advancements in the product for maintaining its quality is key factor fueling growth of the phytosterols market. Continuously evolving technologies and surge in adoption of advanced technologies for ensuring safety of products are driving growth of the global phytosterols market during the forecast period from 2017 to 2023.

However, implication of stringent laws which mandate the approval for use of supplements and especially these ingredients during food preparations are acting negatively on growth of the global phytosterols market.

Competitive Analysis:

Some of the major companies in the global phytosterols market include Cargill Inc., BASF SE, Archer-Daniels-Midland Company, Bunge Ltd., Raisio Plc., E. I. du Pont de Nemours and Company, Pharmachem Laboratories, Inc., Arboris, LLC, Gustav Parmentier Handeslgesellschaft GmbH, and Danone.

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Segmentation:

The phytosterols market is segmented on the basis of type, application, and region.

Based on the type, the market is segmented into campesterol, beta-sitosterol, stigmasterol, and others. Of these, the beta-sitosterol segment dominated the global market for phytosterols owing to highest demand and usage in a wide-ranging products and industries of medicinal products coupled with supplements, which are used in treating colon and cervical cancer.

Based on the application, the market is segmented into pharmaceuticals, food products, cosmetics, supplements, and others. Of these, the food products segment dominated the overall market owing to surge in demand for phytosterols across several food preparations. Additionally, awareness toward the cardiac and health among consumer and its health benefits are driving growth of the global phytosterol market.

Regional Analysis:

Regionally, the phytosterols market is segmented into the Americas, Asia Pacific, Europe, and Middle East Africa. Of these, Europe is estimated to remain dominant in the global phytosterols market in the coming period owing to the higher adoption from the health-conscious consumers in the region. The North America region is following the trend in Europe; thus, the region is standing on the second leading position in terms of revenue. Additionally, rising prevalence of obesity and patient’s pool of people suffering from chronic diseases are estimated to increase inclination of consumer toward healthy eating habits, which is driving market growth phytosterols.

However, Asia Pacific is estimated to exhibit growth with fastest CAGR during the forecast period owing to demand for functional food and beverages in the region. This growth is attributable to the increasing demand for healthy eating habits from the emerging countries including India, China, and Japan. In addition to this, the largest potential in the region owing to largest population, untapped needs of nutrition, and increasing health consciousness among young generation are driving growth of the global phytosterols market. Also, the increasing disposable income coupled with

Industry News:

In 2019, LaStella, K-Beauty’s announced launch of its Celiff Microbalm. This product involved phytosterols for combating with dry skin and maintaining skin nutrition during winter. Widening applications of the phytosterols beyond the food industry is driving growth of the global phytosterols market. Thus, the key players are increasingly introducing newer products based on the phytosterols are driving growth of the global phytosterols market.