According to a new report published by Allied Market Research, titled, Phytosterols Market by Market type and Application: Global Opportunity Analysis and Industry Forecast, 2014-2022, the global phytosterols market has generated $490 million in 2015, growing at a CAGR of 9.62% during the forecast period to reach $935 million by 2022. In 2015, Beta-sitosterols type occupied three-fifths share in terms of revenue.
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Top market players in this sector include Archer Daniels Midlands, Cargill Incorporated, Pharmchem Laboratories Inc., BASF SE, E.I. DuPont De Nemours, Raisio plc, Arboris LLC, Unilever plc, Hyphyto Inc., and Gustav Parmenteir GmbH.
Key Findings of the Phytosterols Market
In the application segment, pharmaceuticals occupied one-third share in 2015.
The phytosterol market in Asia-Pacific is anticipated to grow with a CAGR of 10.1% during the forecast period.
In North America, the phytosterols market in the pharmaceuticals segment is expected to grow with a CAGR of 9.7% from 2016-2022.
The campesterol type occupied more than one-fourth share in 2015.
In LAMEA, the phytosterols market in -sitosterols segment is likely to achieve a CAGR of 9.1% during the forecast period.
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Increase in coronary diseases such as heart disease (Atherosclerosis and heart attack), stroke, type 2 diabetes, high blood pressure, obesity, and peripheral vascular diseases, governmental approvals, and advancements in technologies have fueled the growth of phytosterols. In addition, the rise in awareness of health benefits associated with phytosterols has propelled its demand among consumers. Furthermore, anti-aging and anti-cancerous properties in phytosterols have increased its applications in the cosmetics and pharmaceutical industries.
Top Impacting Factors
1. Health benefits and high prevalence of diseases
2. Advancement in technology
PHYTOSTEROLS MARKET KEY SEGMENTS
By Type
Beta-sitosterols
Campesterols
Stigmasterols
Others
By Application
Food Ingredients
Pharmaceuticals
Cosmetics
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.