Market Research Report
Phytosterols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
|Phytosterols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027|
Published: May 18, 2022
IMARC Services Private Limited
Content info: 140 Pages
Delivery time: 2-3 business days
The global phytosterols market reached a value of US$ 756.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,213.3 Million by 2027, exhibiting a CAGR of 8.39% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Phytosterols, or plant sterols, are naturally occurring bioactive compounds that are structurally similar to cholesterol found in animals. They are commonly available in unrefined vegetable oils, whole grains, seeds, nuts and legumes, and are primarily consumed to block the absorption of cholesterol in the digestive system. Phytosterols interfere with the intestinal absorption of cholesterol by displacing its molecules from micelles and facilitating its excretion, which aids in the reduction of the blood cholesterol levels. This, in turn, helps in maintaining an overall healthy body by preventing ailments such as cardiovascular diseases (CVDs), obesity and different types of cancers.
The increasing prevalence of disorders, such as hypercholesterolemia and cancer, is among the key factors driving the growth of the market. Consumers are increasingly demanding food products and dietary supplements that are rich in phytosterols due to their potential health benefits. Products such as milk, sausages, baked goods, yogurts, spreads and margarine are being fortified with the compound to enhance their nutritional content. Furthermore, the utilization of herbal and mineral extracts as food additives is also augmenting the product demand. Phytosterols are a crucial ingredient in dark chocolate formulations, which is a hugely popular confection item among the masses. The thriving cosmetic and skincare industry acts as another growth-inducing factor as it uses phytosterols in anti-aging creams and lotions due to their skin-replenishing and anti-inflammatory properties. Moreover, various product innovations and extensive research and development (R&D) to enhance the therapeutic benefits of phytosterols are projected to drive the market in the upcoming years.