IMARC Group has recently released a new research study titled “Phytosterols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the phytosterols market?
The global phytosterols market size reached US$ 825 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,302 Million by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
What are phytosterols?
Phytosterols, or plant sterols, represent the naturally occurring bioactive compounds that are structurally equivalent to cholesterol found in animals. They are commonly available in whole grains, seeds, unrefined vegetable oils, nuts, and legumes and are mainly consumed to stop the absorption of cholesterol in the digestive system. Phytosterols interfere with the intestinal concentration of cholesterol by replacing its molecules from micelles and enabling its excretion, which aids in the lowering of blood cholesterol levels. It also assists in maintaining an overall healthy body by preventing ailments, such as cardiovascular diseases (CVDs), obesity, and various types of cancers. As a result, phytosterols find widespread applications in pharmaceuticals, cosmetics, and food ingredients across the globe.
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What are the growth prospects and trends in the phytosterols industry?
The escalating prevalence of chronic disorders, including hypercholesterolemia and cancer, is among the primary factors driving the phytosterols market. Besides this, the elevating product requirement in milk, sausages, baked goods, yogurts, spreads, and margarine to enhance their nutritional content, owing to its potential health benefits, is further augmenting the market growth. Moreover, the expanding cosmetic and skincare industry that uses phytosterols in anti-aging creams and lotions, on account of their skin-replenishing and anti-inflammatory properties, is also catalyzing the global market.
Apart from this, the growing popularity of this compound as a vital ingredient in dark chocolate formulations and the utilization of herbal and mineral extracts as food additives are acting as significant growth-inducing factors. Furthermore, several product innovations and the extensive research and development (R&D) to enhance the therapeutic benefits of this bioactive substance are anticipated to propel the phytosterols market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
Some of these key players include:
- Arboris
- Archer Daniels Midland
- BASF
- Cargill
- Cognis
- Lipofoods
- Matrix Fine Sciences
- Pharmachem Laboratories Inc
- Raisio Group
- Unilever
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Beta-Sitosterols
- Campesterols
- Stigmasterols
- Others
Breakup by Application:
- Food Ingredients
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- Europe
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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