Global Phytosterols Market Share Report 2024, Forecast To 2033
8 Mar, 2024
The phytosterols market has rapidly expanded from $1 billion in 2023 to $1.11 billion in 2024 at a CAGR of 10.8%, attributed to health awareness and functional food trends. Anticipated growth to $1.67 billion by 2028, with a CAGR of 10.7%, is driven by plant-based diets and innovations in delivery formats, among other trends.
Global Phytosterols Market Key Driver
The phytosterols market is experiencing growth due to the increasing prevalence of cardiovascular disease (CVD). CVD encompasses various heart and blood vessel disorders, with phytosterols known to lower LDL cholesterol levels. The American Heart Association reports 928,741 CVD-related deaths in the US in 2020, while the British Heart Foundation notes an increase in heart and circulatory disease deaths in the UK from 163,888 in 2019 to 168,319 in 2020. This rise underscores the demand for phytosterols in managing CVD, driving growth in the market.
Get A Free Sample Of The Global Phytosterols Market ReportGlobal Phytosterols Market Segments
The phytosterols market covered in this report is segmented –
1) Type:Beta-Sitosterols, Campesterols, Stigmasterols, Other Types
2) Source:Vegetable Oils, Nuts and Seeds, Whole Grains, Other Sources
3) Form:Dry, Liquid
4) Application:Food And Beverages, Pharmaceuticals, Cosmetics, Dietary Supplements, Animal Feed
By Geography: The countries covered in the phytosterols market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Europe was the largest region in the phytosterols market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phytosterols market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Phytosterols Industry Players
Cargill Inc.; Archer Daniels Midland Company; BASF SE; Wilmar International Limited; Bunge Limited; Unilever PLC; Sigma-Aldrich Company LLC; Ashland Global Holdings Inc.; Evonik Industries AG; ProBiotix Health Ltd; Raisio PLC; Les Dérives Résiniques Et Terpéniques SA (DRT); Avanti Polar Lipids Inc; Xi'an Healthful Biotechnology Co. Ltd.; Matrix Life Science Pvt. Ltd.; Connoils LLC; Arboris LLC; Advanced Organic Materials SA; BOC Sciences; Foodchem International Corporation; Lipofoods SLU; Vitae Naturals; Herbo Nutra Extract Private Limited; CD Bioparticles; Ipsum Lifesciences LLP; MMP Inc.; Gustav Parmentier GmbH; Hyphyto Inc.; Enzymotech Ltd.; Tama Biochemical Co.Ltd.
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Phytosterols Market Overview
Phytosterols refer to bioactive substances that naturally occur in plants and have a chemical structure resembling that of cholesterol. Phytosterols compete with dietary cholesterol for intestinal absorption, resulting in lower blood cholesterol levels. It aids in controlling blood cholesterol levels, lowering the chance of heart disease, a heart attack, or a stroke.