Phytosterols Market Size, By Product (Beta-sitosterol,Campesterol, Stigmasterol), By Application (Pharmaceuticals, Cosmetics, Food Ingredients), By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa), Trend Analysis, Competitive Market Share & Forecast, 2020-2026
- Published Date: May 2020
- Report ID: BWC20078
- Available Format: PDF
- Page: 173
Phytosterols Market – Market Forecast & Trends
Phytosterols Market was prized at USD 679.7 million in 2019, and it is predictable to reach USD 1106.5 million by 2026, at a CAGR of 7.5 %, over the forecast period. Rising demand for dietary additions complementing cardiovascular health is predictable to surge the ingesting of phytosterols as a purposeful ingredient. This is additional augmented by the rising per capita outlay on healthcare and pharmaceuticals. Lesser profit limits from bio-refineries and vegetable oil mining are likely to act as a preventive factor alongside the development of the market for phytosterols to some extent. However, biotechnological progression shortly is predictable to increase the growth over the prediction period.
High anxieties about the influence of conventional chemical constituents on the environment have encouraged the use of bio-based and maintainable fixings across various industries. The manufacturing sector is flowing its attention toward incorporating bio-based/plant-based raw materials to reduce carbon footprint and achieve consumer confidence by providing products having less or no side effects. The cosmetics industry provides a wide variety of mature plant-based products due to the critical rise in requests for bio-based cosmetic products. Phytosterols are used in cosmetics products and personal care, such as anti-aging creams. Plant-based profile of the product, coupled with skin-refilling benefits, is predicted to raise the market's growth for phytosterols over the prediction period.
Phytosterols Market – Overview
Phytosterol is a shared term for plant-derived sterols and stanols found in plants' fatty tissues. There are more than 200 diverse types of phytosterols, the highest deliberations of phytosterols are found logically in vegetable oils, beans, nuts. The nature of the global phytosterol market includes many brands such as beta-setosterol, campesterol, stigmasterol, and other types. By use, the phytosterols market has been segmented into food and beverages, dietary supplements, pharmaceuticals, cosmetics, and animal feed.
Health benefits and high prevalence of diseases
Increasing the occurrence of
illnesses is one of the motivating factors of the phytosterols market. The
health benefits associated with phytosterols have intensified their request
among customers as they stop captivation of cholesterol and related diseases.
Besides, phytosterols have other beneficial effects such as anti-cancerous and
anti-oxidant properties alongside various conditions, which are additionally
predictable to effort the market in the coming years.
Inclination towards lifestyle change and rise in ageing population
Surge in consumer awareness to weight loss and calorie decrease, mostly in Japan, China, India and Australia should drive industry development over the prediction timeframe. Change in leaning towards routine alteration with increasing favorites for healthy ingesting patterns are the major subsidizing factors motivating the Asia Pacific nutraceutical market size. Japan's nutraceutical market size noted for over 22% of the worldwide market share in 2016. Rise in geriatric people supplemented with consumer spending on healthcare products and medicines have increased the nutraceutical industry development in the Asia Pacific region.
Phytosterols Market: Segmentation
By Product, Campesterols are extensively used in manufacturing nutraceuticals & pharmaceuticals for circulatory illnesses and high blood pressure. Increasing concern about the rising number of cardiac patients with growing cardiovascular disease cases while mortality rate declines, thereby drive industry development. Beta-sitosterol market size may produce meaningfully at around 8.5% up to 2024. It is extensively used in general manufacturing additions to prevent diseases such as colon cancer, gallstones, influenza, arthritis, allergies, asthma, bronchitis, and tuberculosis. It has antinociceptive effects & decreases the risk of hyperalgesia and edema. It is also broadly used in the medicinal request of making anti-depressants. Rising customer leaning and altering perceptions towards the use of everyday supplements may foster market share. It can be delivered in various distribution forms such as tablets, capsules, & powders and is clinically safe for children, which may improve market share.
By Application, Phytosterols market demand from cosmetic use may register gains close to 8.5% up to 2024. Altering customer insight towards high excellence and natural cosmetics due to increasing mindfulness on the side effects of chemical enriched cosmetics may trigger market demand. They are compatible with dissimilar natural mines such as saffron, aloe vera, and honey and are used extensively in manufacturing lotions, creams, and moisturizers. Rising geriatric population and altering consumer viewpoint to anti-aging products may raise market share.
The food ingredients application market is poised to exceed USD 500 million over the foreseeable timeframe. Altering consumer outlook & rising strengthening of foods with herbal extracts, vitamins, and minerals have fortified manufacturers to create a more conducive environment for incorporation in foods and beverages. They are used in a diversity of food products such as yogurts, margarine, spreads, sausages, cold cuts, and bakery products. Compassionate government affiliation towards their use as flavors to fulfil nutritional necessities may foster market share.
Phytosterols Market: Regional Insights
Considering the terrestrial derivation, European countries top the market, especially as there is an expansion of the phytosterol market in Europe, due to surge in request for non-GMO products. The European Union has made it obligatory for the manufacturers to name their products with the content of phytosterol in the product and that it was only for the use of customers with heart diseases. Asia-Pacific and North America are also probable to display significant potential during 2019-2024 due to the critical benefits of phytosterols in cancer cures as well as blood cholesterol control.
ADM (U.S.), Cargill Inc. (U.S.), DuPont (U.S.), Arboris, LLC (U.S.), Gustav Parmentier GmbH (Germany), HyPhyto Inc. (U.S.), and Pharmachem Laboratories, Inc. (U.S.) and other prominent players.
· By Application
Ø Food Ingredients
· By Region
Ø North America
Ø Asia Pacific
Ø South America
Ø Middle East & Africa
Ø To analyze and forecast the Phytosterols Market size of the market in terms of value.
Ø To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.
Ø The Phytosterols Market segmented into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America, and their leading countries.
Ø To outline, categorized, and forecast the Phytosterols Market based on the Product, By Application, and by Regional.
Ø To examine competitive developments like by Product, By Application, By Regional within the Phytosterols Market
Ø To highlight the impact analysis of the factors affecting the market dynamics such as growth drivers.
Ø To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
Ø How will the market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the market size in terms of value and volume and market statistics with a detailed classification?
Ø Which segment dominates the market or region, and one will be the fastest - growing, and why?
Ø A comprehensive survey of the competitive landscape and the market participant players
Ø Analysis of strategy adopted by the key player and their impact on other players.
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Additional Company Information
Ø With five additional company detail analysis
Ø Additional country analysis
Ø Detailed segment analysis
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