Phytosterols Market is Expected to Reach US$ 1,651.8 Million by 2032
IMARC Group has recently released a new research study titled “Phytosterols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a detailed analysis of the phytosterols market share drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global phytosterols market size reached US$ 890.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,651.8 Million by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.
Phytosterols Market Overview
Phytosterols, or plant sterols, represent 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, legumes, etc., and are mainly 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 minimizing blood cholesterol levels. They maintain an overall healthy body by preventing ailments, including cardiovascular diseases (CVDs), obesity, numerous types of cancer, etc.
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Global Phytosterols Market:
The growing prevalence of chronic disorders, such as hypercholesterolemia and cancer, is primarily augmenting the phytosterols market. Furthermore, the escalating demand for food items and dietary supplements that are rich in phytosterols, on account of their potential health benefits, is positively influencing the global market. Apart from this, the increasing number of products, including milk, sausages, baked goods, yogurts, spreads, margarine, etc., that are fortified with the compound to improve their nutritional content is acting as another significant growth-inducing factor. Moreover, the rising utilization of herbal and mineral extracts as food additives is bolstering the market growth. Besides this, the widespread adoption of phytosterols as an essential ingredient in dark chocolate formulations is further catalyzing the global market. Additionally, the expanding personal care sector and the inflating popularity of phytosterols in anti-aging creams and lotions, owing to their skin-replenishing and anti-inflammatory properties, are also stimulating the market growth. In line with this, several product innovations and extensive R&D to enhance the therapeutic benefits of these bioactive compounds are expected to fuel the phytosterols market in the coming years.
Key Companies:
- Arboris
- Archer Daniels Midland
- BASF
- Cargill
- Cognis
- Lipofoods
- Matrix Fine Sciences
- Pharmachem Laboratories Inc.
- Raisio Group and Unilever
Key Market Segmentation:
Breakup by Product Type:
- Beta-Sitosterols
- Campesterols
- Stigmasterols
- Others
Breakup by Application:
- Food Ingredients
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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