According to the latest report by IMARC Group, titled “Phytosterols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global phytosterols market reached a value of US$ 756.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,213.3 Million by 2027, exhibiting a CAGR of 8.39% during 2022-2027.
Industry Outlook
Phytosterols, or plant sterols, represent naturally occurring bioactive compounds found in animals. They are commonly available in seeds, whole grains, unrefined vegetable oils, nuts, legumes, etc. Phytosterols interfere with the intestinal absorption of cholesterol by displacing its molecules from micelles and facilitating its excretion, which aids in the reduction of blood cholesterol levels. This helps in maintaining an overall healthy body by preventing numerous ailments, such as cardiovascular diseases (CVDs), obesity, different types of cancers, etc.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The increasing demand for dietary supplements and food products that are rich in phytosterols by consumers and the rising prevalence of chronic disorders, such as cancer, are the key factors driving the growth of the phytosterols market. Numerous products, including baked goods, yogurts, spreads, milk, etc., are being fortified with the compound to enhance their nutritional content. Furthermore, the utilization of mineral and herbal extracts as food additives is also augmenting the product demand. Phytosterols are essential ingredients in dark chocolate formulations, which is a highly popular confection item among the masses. Besides this, the expanding skincare and cosmetic industries use phytosterols in lotions and anti-aging creams due to their anti-inflammatory and skin-replenishing properties. Moreover, extensive research and development (R&D) activities and various product innovations to enhance the therapeutic benefits of phytosterol will continue to drive the phytosterols market in the upcoming years.
Phytosterols Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global phytosterols market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Arboris
- Archer Daniels Midland
- BASF
- Cargill
- Cognis
- Lipofoods
- Matrix Fine Sciences
- Pharmachem Laboratories Inc
- Raisio Group
- Unilever
Key Market Segmentation:
The report has segmented the global phytosterols market on the basis of product type, application, aircraft type, technology and region.
Breakup by Product Type:
- Beta-Sitosterols
- Campesterols
- Stigmasterols
- Others
Breakup by Application:
- Food Ingredients
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- Europe
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/phytosterols-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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