he global phytosterols market exhibited strong growth during 2015-2020.
Phytosterols, or plant sterols, are naturally occurring bioactive compounds that are structurally similar to cholesterol found in animals. They are commonly available in unrefined vegetable oils, whole grains, seeds, nuts and legumes, and are primarily consumed to block the absorption of cholesterol in the digestive system. Phytosterols interfere with the intestinal absorption of cholesterol by displacing its molecules from micelles and facilitating its excretion, which aids in the reduction of the blood cholesterol levels. This, in turn, helps in maintaining an overall healthy body by preventing ailments such as cardiovascular diseases (CVDs), obesity and different types of cancers.
The increasing prevalence of disorders, such as hypercholesterolemia and cancer, is among the key factors driving the growth of the market. Consumers are increasingly demanding food products and dietary supplements that are rich in phytosterols due to their potential health benefits. Products such as milk, sausages, baked goods, yogurts, spreads and margarine are being fortified with the compound to enhance their nutritional content. Furthermore, the utilization of herbal and mineral extracts as food additives is also augmenting the product demand. Phytosterols are a crucial ingredient in dark chocolate formulations, which is a hugely popular confection item among the masses. The thriving cosmetic and skincare industry acts as another growth-inducing factor as it uses phytosterols in anti-aging creams and lotions due to their skin-replenishing and anti-inflammatory properties. Moreover, various product innovations and extensive research and development (R&D) to enhance the therapeutic benefits of phytosterols are projected to drive the market in the upcoming years. Looking forward, the analyst expects the global phytosterols market to grow at a CAGR of around 8% during 2021-2026.
Breakup by Product Type: Beta-Sitosterols Campesterols Stigmasterols Others
Breakup by Application: Food Ingredients Pharmaceuticals Cosmetics Others
Breakup by Region: Europe Germany France United Kingdom Italy Spain Russia Others North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Latin America Brazil Mexico Argentina Columbia Chile Peru Others Middle East and Africa Turkey Saudi Arabia Iran United Arab Emirates Others
Competitive Landscape: The competitive landscape of the industry has also been examined with some of the key players being Arboris, Archer Daniels Midland Company, BASF, Cargill, Cognis, Lipofoods, Matrix Fine Sciences, Pharmachem Laboratories Inc., Raisio Group, Unilever, etc.
Key Questions Answered in This Report: How has the global phytosterols market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of COVID-19 on the global phytosterols market? What is the breakup of the market based on the product type? What is the breakup of the market based on the application? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the market? What is the structure of the global phytosterols market and who are the key players? What is the degree of competition in the market?
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