Phytosterols Market 1
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Phytosterols Market Research Report
Phytosterols Market Research Report- Forecast
till 2023
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Phytosterols Market Research Report
Phytosterols Market Overview
Growing demand for supplements and food products prepared from plant sources
useful for preventing cardiovascular diseases, obesity, and other body weight-related
disorders has uplifted the demand for phytosterols. Among all, the beta-sitosterol is
being a majorly used ingredient in the preparation of food and supplements.
Increasing prevalence of diseases, for instance, cardiac arrest, artery blockage,
obesity, and many others has increased the application of phytosterols in various
industries such as dietary supplements, pharmaceuticals, and functional food &
beverages.
Global Phytosterols Market help in reduction and management of body weight and
prevent disorders like cardiovascular diseases, obesity, and unnecessary body fat
deposition. Continuously increasing obesity and other body weight related issues
across the globe have turned up an opportunity for supplements and functional food
and beverage industry to include plant-derived ingredients in their products, which
is driving the growth of the phytosterols market.
Increasing health awareness among the consumers is further adding fuel to the
growth of the phytosterols market. Additionally, high preference towards functional
food and beverages is increasing the demand for phytosterols. However, non-defined
stringent laws in the use of phytosterols in certain food & beverages may hinder the
market growth.
Key manufacturers are emphasizing on new product development in order to
enhance the customer base. Apart from that, the key players are promoting their
products through advertisements in television and social media, which, in turn, is
escalating the phytosterols demand. The global phytosterols market is expected to
grow at a CAGR of 8.7% during the forecast period, 2017-2023.
Downstream analysis
The Global Phytosterols Market Is Segmented into Type and Application.
Based on the type, it is segmented into beta-sitosterol, campesterol, stigmasterol,
and others. Among all, the beta-sitosterol segment is dominating the market.
Based on the application, it is segmented into food products, pharmaceuticals,
supplements, cosmetics, and others. Among all the applications, the food products
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Phytosterols Market Research Report
segment is dominating the market owing to rising demand for phytosterols in various
food preparations.
Key Players
The Major Players in The Phytosterols Market
• Cargill Inc. (U.S.)
• Archer-Daniels-Midland Company (U.S.)
• BASF SE (Germany)
• Bunge Ltd. (U.S.)
• E. I. du Pont de Nemours and Company (U.S.)
• Raisio Plc. (Finland)
• Pharmachem Laboratories, Inc. (U.S.)
• Gustav Parmentier Handeslgesellschaft GmbH (Germany)
• Arboris, LLC (U.S.)
• Danone (France)
Regional Analysis
The Global Phytosterols Market is segmented into North America, Europe, Asia
Pacific, and rest of the world (RoW). Europe is dominating the global market followed
by North America. Europe is accounted for a greater consumption of phytosterols in
supplements and food preparations owing to increasing rates of obese population
and other cardiovascular diseases. Additionally, the high demand for phytosterols in
functional food & beverages industry is a significant driving factor in this region.
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Furthermore, owing to increasing consumer awareness and high demand for
functional food & beverages supplemented with plant-derived products in Asia Pacific
countries such as India and China, the phytosterols market is expected to grow at a
steady pace. However, stringent regulations in the developed economies of North
America and Europe region are expected to restrain the market growth in these
regions.
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Phytosterols Market Research Report
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