As per this study the Global Phytosterol Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated XX Tons in 2021 and is expected to reach XX Tons by 2026 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.
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.
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.
- Food Ingredients
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 Arboris, LLC, Archer Daniels Midland Business (ADM), BASF Cognis, Cargill, Inc, Dérivés Résiniques et Terpéniques (DRT), DuPont Danisco, Enzymotec Ltd., Eugene Science, Inc., Fenchem Enterprises Ltd., Forbes Medi-Tech Corp., Lipofoods, Phyto-Source, L.P., PrimaPharm B.V., Raisio Group and Triple Crown AB. 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.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.