Global Phytosterols Market By Application (Food Ingredients, Pharmaceuticals, Cosmetics), Type (Beta-sitosterols, Campesterols, Stigmasterols)
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The Global Phytosterols Market Size is expected to reach $881.5 million by 2022, growing at a CAGR of 9.1% during 2016 -2022.
Phytosterols or plant sterols are the group of molecules having a specific shape and size. It could be found in plants and animals. The most common types of sterols which can be used in human diet are Campesterol, Beta Sitosterol, gamma Sitosterol and Stigmasterol. Phytosterols are mainly used in medicines, food & beverages and cosmetics industry. It is very beneficial for heart and brain related diseases. Studies suggested that phytosterols could play a very vital role in the reduction of heart diseases and also it helps in the prevention from Alzheimer?s diseases. Doctors or physicians also suggest for phytosterols in diet, as it helps against the development of cancer related diseases. In Addition, phytosterols also helps in lowering cholesterol and provides benefits to the skin as well. In food & beverage industry, phytosterols are used as the supplement in several food products such as cold cuts, bakery products, yogurts, milk and & margarines and low fat spreads. In the coming years, it is also expected that phytosterols would became main ingredient in chocolates as well. So that consumption of phytosterols could also increase in adult population.
Additionally, Cholesterol level is becoming one of major concerns globally. According to American Heart Association, ?an estimated 9.6 million adults over the age of 20 have cholesterol level higher than 200 mg/dl?. Therefore, government and healthcare officials have provided guidelines for increasing usage of phytosterols in food & beverages. Hence, it would be a great opportunity for the growth of Phytosterol market.Recently, Center for Science in the Public Interest published the article in order to promote the consumption of phytosterols in food to lower LDL (Low-density lipoprotein) Cholesterol. Meanwhile, American Heart Association is also contributing in making people aware for the advantages with the consumption of phytosterols. Hence, it is leading towards the growth of phytosterols market.The count for cardiovascular diseases is very high in countries like China, India and Singapore. Main cause of cardiovascular diseases are smoking and changing lifestyle. Government and other officials are taking action plans to spread the awareness for healthy lifestyle and also coming up with the strategies for expanding the usage of phytosterols in food & beverages.
South Australia has also signed up to supply more dairy products in India. Hence, in future Asia-Pacific would be contributing in the growth of Phytosterol market. North America and Europe are also playing the major role in the growth of Phytosterol market due to increase in health related diseases. As per Eurostat Information; leading cause of death in Europe is cardiovascular diseases. In Europe, 2 million deaths were caused by heart related diseases. According to Center for Disease Control, around 610,000 people die in U.S every year because of Heart Diseases. It also stated that 47% of Americans have heart related diseases such as high blood pressure, high cholesterol etc. Hence, it could be expected that increase in the heart related diseases in North America and Europe would become a leading factor for growth of phytosterol markets.
The Phytosterol market Size has been segmented on the basis of application, type and geography. Based on Application, the market is segmented into food ingredients, cosmetics, pharmaceuticals and feed. Food ingredients have the largest count for Phytosterol owing to increasing demand for healthy eatables. Based on Type, the market is segmented into four categories namely Campesterol, Beta Sitosterol, gamma Sitosterol and Stigmasterol. Based on geography, market is segmented into North America, Europe, Asia- Pacific and LAMEA (Latin America, Middle East and Africa).The report covers the analysis of key stake holders of the Phytosterols market. Key companies profiled in the Phytosterol market analysis report include Archer Daniels Midland Company, Cargill, Inc., BASF SE, E.I. DU Pont De Nemours And Company, Raisio Plc, Unilever, Arboris, Pharmachem Laboratories, Inc. and Gustav Paramentier GmbH.