As per this study the Global Phytosterol Market was valued USD 1.83 BN (by revenue) in 2022 and is anticipated to reach USD 3.73 BN by 2030 with a CAGR of 9.3%. By volume, the market was estimated XX Kilo Tons in 2022 and is expected to reach XX Kilo Tons by 2030 with a CAGR of XX%.
Phytosterol is the plant-based steroid (triterpene), an essential component of the plant cell membrane that structurally resembles cholesterol. These are abundantly found in seeds, legumes, unrefined oils whereas relatively less quantity of phytosterol is found in grains, nuts, olives and vegetables. These are insoluble in water but are soluble in alcohols. Consumption of phytosterol leads to a reduction in cholesterol absorption and improves fat circulation.
Market Dynamics
The market is projected to gain fast paced growth owing to health benefits associated with phytosterol. Approval by various regulatory agencies such as FDA, EFSA and others for consumption of phytosterol to reduce blood cholesterol level is again pushing the market growth. Phytosterol aids in regulating brain functioning and heart rate is again boosting the demand from the pharmaceutical sector.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of phytosterol.
Market Segmentation
The broad phytosterol market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Composition
- Beta-Sitosterol
- Campesteral
- Stigmasterol
- Other Compositions2
By Application
- Food & Beverage
- Dairy Products
- Bakery & Confectionery
- Nutritional Products
- Snacks & Cereals
- Beverages
- Other Food & Beverage Applications1
- Pharmaceuticals
- Cosmetics & Personal Care Products
By Form
By Source
- Vegetable Oils
- Nuts and Seeds
- Whole Grains
- Other Sources3
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for phytosterol in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Phytosterol Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the phytosterol market include ADM (US), BASF SE (Germany), Cargill, Incorporated (US), International Flavors & Fragrances Inc. (US), Ashland (US)Matrix Life Science (India), AOM (Argentina), Lipofoods (Spain), Avanti Polar Lipids (US), DRT (France), Wilmar International Ltd. (Singapore), VITAE NATURALS (Spain), TAMA BIOCHEMICALS CO., LTD (Japan), BOC Sciences (US), Herbo Nutra (India). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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