Phytosterols Market - Growth, Trends and Forecast (2020 - 2025)

Market Overview

The phytosterols market is forecasted to reach USD 1.01 billion by 2024, registering a CAGR of 8.6% during the forecast period (2019 - 2024).

• Phytosterols are found in fatty tissues of plants. Though they have a similar structure to cholesterol, the adsorption of phytosterols in the human body is much less, as compared to cholesterol.
• The phytosterols market is driven by the increasing consumer demand for functional food and dietary supplements, which holds potential for plant phytosterols. The launch of different products in the cosmetics industry is expected to have a positive impact on the demand for the market studied.
• North America and Europe account for more than 60% of the global phytosterols demand, and Asia-Pacific ranks as the fastest growing region.

Scope of the Report

Phytosterol is a collective term for plant-derived sterols and stanols that are found in the fatty tissues of plants. There are more than 200 different types of phytosterols, the highest concentrations of phytosterols are found naturally in beans, nuts and vegetable oils. The scope of the global phytosterol market includes various types such as beta-estosterol, campesterol, stigmasterol, and other types. By Application, the phytosterols market has been segmented into food and beverages, dietary supplements, pharmaceuticals, cosmetics, and animal feed.

Key Market Trends

Potential of Plant Sterols in Nutraceuticals

Plant sterols have potential health benefits, which has led them to be increasingly used in the pharmaceutical and nutraceutical industries. The increased demand for nutraceuticals among the consumers, is thus, driving the global phytosterol market. Phytosterols possess innumerable beneficial therapeutic properties. Hence, the concept of utilizing phytosterols as nutraceuticals is gradually emerging and gaining considerable interest.

Asia-Pacific Fastest Growing Market

Considering the geographical derivation, European countries lead the market, especially as there is an expansion of the phytosterol market in Europe, due to an increase in demand for non-GMO products. The European Union has made it mandatory for the manufacturers to label their products with the content of phytosterol in the product and that it was only for the usage of consumers with heart diseases. Asia-Pacific and North America are also likely to show significant potential during 2019-2024 due to the key benefits of phytosterols in cancer treatments as well as blood cholesterol control.

Competitive Landscape

The global phytosterol market is competitive, with a significant presence of numerous global and regional players. ADM, BASF, DuPont, and Cargill are the leading players in the global phytosterol market. The leading companies are gaining momentum in the global market, by making increased use of tall and vegetable oils as a source of extraction. Tall oil phytosterol esters can be evenly dispersed through products, such as reduced-fat cheese. BASF, ADM, Arboris LLC, Advanced Organic Materials SA, Matrix Fine Sciences Pvt Ltd, and Lipofoods SLU are the most active companies, in terms of new product launches, expansions, and partnerships.

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