The Phytosterols Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Phytosterols Market is estimated to be USD 561.5 million in 2017 and predicted to rise to USD 852.1 million by 2022 with a CAGR of 8.7%. The market is segmented by Type (Campesterol, Stigmasterol, Beta-sitosterol, Avenasterol and Others), by Application (Pharmaceuticals, Food, Feed and Cosmetics). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Increase in demand for healthy food and beverage products, health benefits associated with the consumption phytosterols added food products and growing awareness among the general population are driving the market growth. Increasing number of cardiovascular diseases and 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 the market growth.
Based on type, 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. Based on application, Food segment accounted for the largest market share because of the increasing applications of phytosterols in food and beverage products and its associated health benefits.
Europe leads the phytosterols market due to the favorable product approval process and increasing demand for healthy food products. Asia Pacific is expected to be the fastest growing market due to the growing health awareness and large consumer base in countries such as India and China.
Some of the major players in Phytosterols market are BASF SE, DuPont, Bunge Limited, Pharmachem Laboratories, Raisio Plc, Unilever plc, Archer Daniels Midlands, Gustav Parmenteir GmbH, Connoils LLC and Cargill Incorporated.
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