The Phytosterols market is projected to grow at a CAGR of 8.4% to reach USD 1336.7 million by 2026 from 760 million in 2019. Increasing health awareness amongst consumers for reducing calorie intake on account of the rising prevalence rate of several lifestyle diseases such as cardiovascular problems, high cholesterol, and obesity along with consumers’ willingness to pay more for nutraceutical products has significantly contributed to the growth of this market.
Phytosterols are sterols that are present in the fatty tissues of plants. These have chemical structure similar to cholesterol and they cannot be synthesized by humans and animals therefore must be integral part of diet. The absorption of phytosterols in humans is comparatively is lower as compared with cholesterol.
The research report analyses the ecosystem of Phytosterols and categorizes the Phytosterols Market to forecast the revenues and analyse the trends in each of the following below mentioned market segments.
In terms of the type of product, the Beta-sitosterol segment is estimated to be the largest segment during the forecast period
In terms of application, the global Phytosterols market can be segregated into Beta-sitosterol, Campesterol, and Stigmasterol. The Beta-sitosterol segment of the Phytosterols market is projected to be the largest, on account of growing usage in lowering cholesterol levels and reducing the risk of some cancers. Campesterol is increasingly being used as a food additive and dietary supplement.
By Application, the Food Industry is expected to be the biggest segment
The food industry segment of the global Phytosterols market is expected to be the biggest market during the forecast period. Phytosterols are used as ingredients in food products such as spreads, cream, cheese, mayonnaise, chicken products, yogurt, buttermilk, soymilk, oatmeal, etc. They are added to the food products as they prevent the absorption of bad cholesterol in the gastrointestinal tract.
Europe is expected to be the largest segment in the forecast period
Europe accounted for the largest share of the Phytosterols market. The region is also projected to witness a higher product demand in the coming years on account of demand from established economies in industries such as pharmaceutical, cosmetics, and food. Rising disposable income coupled with health consciousness and growing consumer awareness in major Asia- Pacific countries such as Japan, China, India, Malaysia, Singapore, South Korea, and Indonesia has contributed to the growing market of Phytosterols in this region.
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.