The global phytosterols market size was valued at USD 709 million in 2019 and projected to register a significant CAGR of 8.5% during the forecast period 2020 to 2027. The rising adaptation of a healthy lifestyle across the world is expected to drive the market globally. Changes in dietary patterns due to increased unhealthy eating habits as well as increased incidence of cardiovascular diseases are likely to stimulate phytosterol market share.
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The market is segmented on the basis of product, application, and region. The beta-sitosterol segment is expected to hold the largest market share during the forecast period. It is widely used in the medicinal application, and in manufacturing some generic supplements to prevent some diseases like arthritis, gallstones, asthma, colon cancer, and bronchitis. On the basis of application, the cosmetic application held the largest phytosterols market share in terms of revenue by 2019.
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The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
Global phytosterol market size and forecast were obtained by using "Bottom-up" and "Top-down" approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which helps to formulate competitive market strategies and make informed decisions.
Phytosterol Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027.
Phytosterol Market Segmentation:
By Product:
Beta-Sitosterol
Campesterol
Stigmasterol
Others
By Application:
Pharmaceutical
Cosmetics
Food Ingredients
List of Key Companies:
Arboris, LLC
Archer Daniels Midland Business (ADM)
Cargill, Inc.
Enzymotec Ltd.
Lipofoods
Forbes Medi-Tech Corp.
Others
Geographic Coverage:
North America
Europe
Asia-Pacific
Rest of The World
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