Latin America Phytosterols Market

Latin America Phytosterols Market Size, Share, Growth (2022-2027)

Latin America Phytosterols Market was worth USD 73.16 million in 2021 and is projected to grow at a CAGR of 9.1%, to reach USD 113.08 million by 2027. 

Latin America Phytosterols Market Overview

Phytosterols are a type of steroid found in plant cells. They are very similar to the structure of cholesterol present in the body and vary only in some carbon chains. Phytosterol is found in many plant-derived food products. When consumed, due to its structural similarity with cholesterol, it competes with cholesterol during the absorption process in the intestine. This lowers the cholesterol absorption of the body and hence the blood cholesterol levels. Hence, consuming food and beverages which contain phytosterols are recommended, especially for cardiovascular patients. However, many modern foods and beverages do not contain a significant amount of phytosterols. Food and beverage products which contain added phytosterols are available on a commercial scale in many countries.The increase in demand for healthy food and beverage products, health benefits associated with the consumption of phytosterol-added food products and growing awareness among the general population are driving the market growth. An increasing number of cardiovascular diseases and the highly developed food and beverage industry are expected to propel the market growth. However, undesirable risks due to the consumption of phytosterol-rich products are inhibiting market growth.

Latin America Phytosterols market segmentation

1. type

2. application

By type, the market is categorized

• Campesterol

• Stigmasterol

• Beta-sitosterol

• Avenasterol

Beta-sitosterol holds the largest market share. Due to its effectiveness in lowering the amount of cholesterol absorbed by the body, it is widely used in several prepared foods. It is also found in some vegetable oils.

By application

• Pharmaceuticals

• Food

• Feed

• Cosmetics

Regional Analysis

• Brazil

• Argentina

• Mexico

Latin America market for phytosterol products is significantly growing due to the increasing middle-class population and health awareness in countries such as Brazil and Argentina.

Latin America Phytosterols Market Keyplayers

1. BASF SE

2. DuPont

3. Bunge Limited

4. Pharmachem Laboratories

5. Raisio Plc

6. Unilever plc

7. Archer Daniels Midlands

8. Gustav Parmenteir GmbH

9. Connoils LLC

10. Cargill Incorporated