Phytosterols Global Market Report 2024

The phytosterols market size has grown rapidly in recent years. It will grow from $1 billion in 2023 to $1.11 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth observed in the historical period can be attributed to various factors, including the increasing awareness of health benefits associated with phytosterols, a rising prevalence of cardiovascular diseases, trends in functional food and nutraceuticals, government initiatives to combat obesity, and the utilization of functional ingredients in cosmetics.

The phytosterols market size is expected to see rapid growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The anticipated growth in the forecast period can be attributed to factors such as the increased focus on plant-based diets, ongoing research into additional health benefits of phytosterols, the expansion of functional beverages incorporating phytosterols, regulatory support for health claims, and the global aging population seeking health-oriented products. Notable trends expected in the forecast period encompass innovations in delivery formats for phytosterols, collaborations in research and development within the industry, the incorporation of phytosterols in personalized nutrition products, a growing emphasis on clean label and transparency in product formulations, and the utilization of phytosterols in pet food.

The phytosterols market is expected to witness significant growth due to the increasing prevalence of cardiovascular disease. Cardiovascular disease encompasses various heart and blood vessel disorders, including coronary heart disease, stroke, peripheral arterial disease, aortic disease, and other related conditions. Phytosterols, derived from plants, compete with cholesterol absorption, leading to a reduction in LDL cholesterol levels. The daily intake of phytosterols has been associated with an 8% to 10% decrease in LDL cholesterol. Notably, reports from the American Heart Association revealed that cardiovascular disease was the primary cause of 928,741 deaths in the United States in 2020. Similarly, data from the British Heart Foundation indicated an increase in deaths related to heart and circulatory diseases from 163,888 in 2019 to 168,319 in 2020 in the UK. The rising prevalence of cardiovascular disease is a significant driver for the growth of the phytosterols market.

The phytosterols market is poised for growth driven by the increasing popularity of health awareness. Individuals are becoming more conscious of health-related topics, fostering a growing interest in dietary supplements and functional food ingredients such as phytosterols, known for their cholesterol-lowering properties. A survey by Koninklijke DSM N.V. revealed that 60% of consumers globally heightened their awareness of maintaining a healthy lifestyle during the pandemic. Respondents expressed a continued interest in making significant dietary changes, emphasizing the importance of consuming healthful foods. The rising popularity of health awareness is a key factor propelling the phytosterols market.

A noteworthy trend in the phytosterols market is product innovation, with major companies focusing on the development of new solutions. For instance, ProBiotix Health PLC introduced CholBiome CH, a dual-action cholesterol-reducing bi-layer tablet. The tablet combines Lactobacillus plantarum LPLDL and plant sterols/stanols (PSS) to provide a dual-action formula for reducing both internal and dietary cholesterol levels. The innovative product aims to break down bile salts and encourage the liver to eliminate cholesterol from the blood. This demonstrates the commitment of companies to introducing novel products to sustain their position in the competitive phytosterols market.

Leading companies in the phytosterols market are investing in the development of new solutions, such as cardiosmile, to support cardiovascular health and maintain healthy cholesterol levels. Cardiosmile, launched by Nutrartis, is a vegan heart and cholesterol health solution with a neutral taste that can be mixed with various foods and beverages. It utilizes water-dispersible phytosterols for convenient daily heart health and cholesterol management. This focus on creating innovative products underscores the commitment of major players to cater to the growing demand for health-centric solutions in the phytosterols market.

In June 2022, Kensing LLC strengthened its position in the phytosterols market by acquiring Vitae Naturals, a Spain-based manufacturer of phytosterol esters. This strategic acquisition expands Kensing's presence in Europe and enhances its offerings in the food ingredient sector. The move reflects the industry's dynamic landscape, with companies actively seeking opportunities for growth and diversification in the phytosterols market.

Major companies operating in the phytosterols market report are Cargill Inc., Archer Daniels Midland Company, BASF SE, Wilmar International Limited, Bunge Limited, Unilever PLC, Sigma-Aldrich Company LLC, Ashland Global Holdings Inc., Evonik Industries AG, ProBiotix Health Ltd., Raisio PLC, Les Dérives Résiniques Et Terpéniques SA (DRT), Avanti Polar Lipids Inc., Xi'an Healthful Biotechnology Co. Ltd., Matrix Life Science Pvt. Ltd., Connoils LLC, Arboris LLC, Advanced Organic Materials SA, BOC Sciences, Foodchem International Corporation, Lipofoods SLU, Vitae Naturals, Herbo Nutra Extract Private Limited, CD Bioparticles, Ipsum Lifesciences LLP, MMP Inc., Gustav Parmentier GmbH, Hyphyto Inc., Enzymotec Ltd., Tama Biochemical Co.Ltd.

Europe was the largest region in the phytosterols market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phytosterols market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the phytosterols market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of phytosterols include beta-sitosterols, campesterols, stigmasterols, and others. Beta-sitosterol is a type of plant sterol found in fruits, vegetables, nuts, and seeds. It is sourced from various foods such as vegetable oils, nuts and seeds, and whole grains. Phytosterols are available in different forms, including dry and liquid, and find applications in various industries, including food and beverages, pharmaceuticals, cosmetics, dietary supplements, and animal feed.

The phytosterols market research report is one of a series of new reports that provides phytosterols market statistics, including phytosterols industry global market size, regional shares, competitors with a phytosterols market share, detailed phytosterols market segments, market trends and opportunities, and any further data you may need to thrive in the phytosterols industry. This phytosterols market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The phytosterols market consists of sales of brassicasterol, campestanols, sitostanols, and cycloartenol. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.