Phytosterols Market size is set to exceed USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc.
Global phytosterols market size should witness consumption at over 40 kilo tons by 2024. Rising functional food demand on account of increasing consumer awareness towards nutritional enrichment and calorie reduction should drive industry growth. They are used as additives in various food products including bakery products, milk, sauces, cold cuts, spreads, margarines, and yoghurts.
Favorable regulatory outlook in Germany, France and UK to naturally derived ingredients may stimulate phytosterols market growth. EU passed Horizon Strategy 2020, to promote industrial development of naturally derived and eco-friendly products. Probiotics market has witnessed high acceptance among consumers which may affect European regional growth.
U.S. phytosterols market size, by application, 2015 & 2024 (USD Million)
Beta sitosterol market size may witness highest gains at over 9%. It is mainly used to manufacture medicine for minimizing high cholesterol level and heart disease treatment. It also help boost immune system and prevent headache, migraine, hair loss, colon cancer, asthma, cervical cancers, and allergies.
Strong application scope in fortified food & beverage industry for improving immune systems and reducing cholesterol level should drive industry growth. Favourable regulations by EFSA, FDA, and Health Canada approved fortification of phytosterols in various food products and dietary supplements are beneficial for industry growth.
Key raw materials, vegetable oil and tall oil are used in production may hinder industry profitability. These raw materials may face supply dynamics which are used in product formulations for lubricants, rubber inks and adhesives, and affect phytosterols market price trend.
U.S. phytosterols market size from pharmaceutical should witness consumption at over 4 kilo tons by 2024. Increasing incidences such as cardiovascular diseases and cancer on account of climate dynamics should boost industry growth. Positive indicators from pharmaceutical industry for curing diseases such as psoriasis, arthritis, allergies, tuberculosis, hair loss, bronchitis, and asthma should propel product demand.
China phytosterols market size from cosmetic application may witness gains at over 9%. It is used for reducing skin roughness, providing UV protection, and improving skin elasticity. Stigmasterol market should register close to 670 tons by 2024. It is processed from medicinal herbs and oilseeds, and is used in cortisone and progesterone production. Strong application scope in pharmaceutical sector on account of preventing and curing disease occurrences should enhance product demand.
Campesterol should witness significant gains, being used for medicinal purposes and in dietary supplements due to increasing consumer’s health awareness. It is used in regular diet and decreases overall LDL cholesterol level.
Global phytosterols market share is highly consolidated with industry participants and accounted for over 45% of the total demand in 2015. Dupont, BASF Cognis, ADM, and Raisio are key notable companies. Others include Cargill, Arboris, DRT, Fenchem, Lipofoods, PrimaPharm, Enzymotec, and Eugene Science.
Phytosterols market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD million from 2013 to 2024, for the following segments:
Phytosterols market by product
Phytosterols market by application
- Food Ingredients
Source: Global Market Insights, Inc.