The phytosterols market is expected to reach USD 0.8 billion in 2022, with a projected CAGR of 9.1% during the forecast period (2022-2032). By 2032, the market is likely to be valued at USD 2.0 billion, with an anticipated year-on-year (Y-o-Y) growth of 8.4% in 2022.
Phytosterols are plant-derived sterols and stanols that share a similar structure with cholesterol, though they differ in their carbon chains and double bonds. Found primarily in the fatty tissues of plants, phytosterols serve important functions comparable to those of cholesterol in humans. Beans, vegetable oils, and nuts are among the richest sources of phytosterols.
While primarily plant-based, phytosterols are crucial for human health, offering benefits such as the prevention of coronary heart disease, cholesterol reduction, cancer prevention, and more.
Phytosterols play a crucial role in preventing skin aging and cannot be synthesized by humans or animals, making their inclusion in the diet essential. As a result, many food products are being fortified with phytosterols to leverage their health benefits.
The global demand for phytosterol-enriched products has surged, driven by a growing awareness of their health advantages. Over the years, the market has evolved, showcasing diverse applications of phytosterols across various industries. This trend is expected to continue, with significant growth anticipated in the phytosterols market in the coming years.
Phytosterols Market Driven by Growing Consumers’ Demand for Healthy Products
Phytosterol products offer a range of health benefits. They function as antioxidants, potentially aiding in the prevention of cancer, including breast, ovarian, and stomach cancers. Additionally, phytosterols contribute to skin health, helping to prevent aging and promote a radiant complexion. Individuals with cardiovascular issues are often prescribed food products or medications that contain phytosterols.
Moreover, the nutritional profile of phytosterols has increased consumer interest in their consumption. Rich in vitamin D, phytosterols can help prevent deficiency-related conditions such as osteomalacia and rickets. These health advantages are driving the global growth of the phytosterol market.
Competitive Landscape
Leading manufacturers of phytosterols are enhancing their competitive edge in the global market through various strategies, including acquisitions, partnerships, and agreements. Many top brands are prioritizing new product launches to increase their market share and attract a broader consumer base.
For instance,
- In June 2019, Raisio Plc invested US$ 55 Million in the field of plant sterol, as well as healthy food-based value-added products to strengthen its position as a reputed brand in the Europe market. The company also filed for an LDL cholesterol-lowering plant sterol ester patent, which will be applicable internationally for dietary supplements- right from spreads to convenient pill options.
Key Companies Profiled
Bunge Limited
Cargill Inc.
BASF SE
Archer Daniels Midland Company
DuPont De Nemours
Pharmachem Laboratories Inc.
Unilever Plc
Arboris LLC
Gustav Parmentier GmbH
Raisio Plc
Others
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Phytosterols Market Outlook by Category
By Product Type:
- Campesterol
- Beta-Sitosterol
- Stigmasterol
- Others
By Source:
- Nuts
- Seeds
- Fruits
- Vegetables
- Legumes
- Oils
- Others
By Application:
- Food & Beverages
- Pharmaceuticals and Dietary Supplements
- Cosmetics & Personal Care
- Animal Feed Industry
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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