Phytosterols Market Is Anticipated To Witness Significant Growth Prospects With Rising CAGR By 2025|Grand View Research, Inc. |Grand View Research, Inc.


The global phytosterols market is estimated to reach USD 989.8 million by 2020, growing at an expected CAGR of 7.2% from 2014 to 2020. Phytosterols are steroid compounds derived from plant and are comparable to cholesterol in the structural behavior and functionality. Phytosterols are used as an additive in a large food products variety including cold cuts, spicy sauces, spreads, margarine, milk sausages, bakery products, and yogurts. Phytosterols contest with cholesterols during absorption in the intestines of the digestive system to decrease cholesterol level and to control intake.
The global phytosterols market is projected to witness a high growth on account of the encouraging supervisory scenario, which encourages their application in nutraceuticals and functional foods. Adding to it, verified capability of phytosterols, to decrease cardiovascular disorders is also estimated to impact the global phytosterols market favorably.
Food ingredient segment accounted for the largest share of over 50% of the total revenue generated in 2013. Increased functional food & beverages consumption in developed countries across the globe is expected to benefit the market.
Global phytosterols market is oligopolistic in nature. Some of the companies operating in the global market include Archer Daniels Midland Company, Cognis-BASF, Raisio Life Sciences, Fobes Medi-Tech, K-Patel Phyto Extracts, Cargill Inc, Triple Crown, Pharmaconsult Oy Ltd, Teriaka Ltd, Arbois, PrimaPharm B.V., Fenchem Enterprises Ltd, Degussa Food Ingr GmbH, Lipofoods, Enzymotech Ltd and Phyto-Source LP.
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In 2013, beta-sitosterol held the largest market share of over 65% of the global phytosterols market. The beta-sitosterols is also projected to experience the maximum growth rate, at a projected CAGR of 7.4% from 2014 to 2020. It finds application in a large pool of medical applications which include prevention from cervical cancer, skin problems, and colon cancer. This wide range of usage is likely to drive the complete market over the next six years.
Europe phytosterols market accounted for over 25% of the global revenue generated in 2013. The regional market is also anticipated to grow at a CAGR of 8.8% over the forecast period. The encouraging supervisory scenario in the region is projected to be the factor driving the overall market. Increasing shift in the lifestyle of the population and rising levels of disposable income is also expected to propel the growth of the market. North America and Asia-Pacific phytosterol markets are projected to witness significant growth over the next six years.
The global phytosterols market shows oligopolistic nature. The three top businesses functioning in the market include Cognis-BASF, Raisio Life Sciences, and ADM. The other major companies of the global phytosterols market include Cognis-BASF, Fobes Medi-Tech, Cargill Inc., Pharmaconsult Oy Ltd, Arbois, Fenchem Enterprises Ltd, Lipofoods. Other companies venturing into the market include Phyto-Source LP, Archer Daniels Midland Company, Raisio Life Sciences, K-Patel Phyto Extracts, Triple Crown, PrimaPharm B.V., Degussa Food Ingredients GmbH, and Enzymotec Ltd.
The increasing prevalence of coronary heart diseases has enhanced product penetration and product availability. A key challenge for this market is to shift the consumer attitude from awareness to overall acceptance of phytosterols. Since the proper consumption parameters vary from person to person. Also, competition from similar functional products may hinder the market growth.
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Key phytosterols include beta-sitosterol, campesterol, stigmasterol, and others (ergosterols and brassicasterol). These phytosterols are found in vegetables, fruits, seeds and nuts. Beta-sitosterol has a wide range of medical applications such as prevention form colon cancer, cervical cancer, shin problems, etc. Campesterol is extracted from a range of edible plants for medical use. It is important to note that the effects of various levels of campesterol can be different for different individuals. In fact, high amount of phytosterols may actually be responsible for the increase in the risk of cardiovascular problems.
Stigma sterol is used in the manufacture of semi-synthetic progesterone, an important human hormone which is significantly required in rebuilding process of body tissues related to estrogen effects. It also acts as an intermediate in the biosynthesis of estrogens, androgens, and corticoids. Ergo sterol does not occur directly from plants as it occurs from fungal growth upon the plant with the help of Ultraviolet radiations which converts it into vitamin D2 that supports proper bone development in the human body.
The major use of ergosterol is in medicines and food ingredient. Brassicasterol is extracted from several unicellular phytoplankton (algae) and some terrestrial plants like oilseed rape. Brassicasterol are used as a biomarker for the presence of algal matter in the environment. Beta-sitosterol is the most consumed phytosterol. Campesterol has the second biggest market share after beta-sitosterol. New product development is expected to hold the edge to the overall market growth in the future term.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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