PUBLISHER: KBV Research | PRODUCT CODE: 1767914
PUBLISHER: KBV Research | PRODUCT CODE: 1767914
The Latin America, Middle East and Africa Phytosterols Market would witness market growth of 11.8% CAGR during the forecast period (2025-2032).
The Brazil market dominated the LAMEA Phytosterols Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $31.8 million by 2032. The Argentina market is showcasing a CAGR of 12.5% during (2025 - 2032). Additionally, The UAE market would register a CAGR of 10.3% during (2025 - 2032).
The pharmaceutical and nutraceutical sectors are also experiencing increased demand for phytosterol-based products. The growing aging population and the increasing incidence of cholesterol-related health issues have prompted both consumers and healthcare professionals to seek solutions for managing cholesterol and preventing heart disease.
Several key trends are shaping the phytosterols market. One of the most important trends driving the market is the growing focus on maintaining cardiovascular health, especially with an aging population. As consumers become more aware of the risks associated with high cholesterol, they increasingly seek natural solutions, such as phytosterols, to reduce cholesterol levels and improve heart health.
The market is witnessing significant growth, driven by increasing health awareness, dietary shifts, and an expanding demand for natural and plant-based ingredients. In the United Arab Emirates (UAE), a national study revealed that an overwhelming 98.7% of the population uses herbal medicines, with a predominant user base being female (70.3%) and aged between 18 and 24 years. Furthermore, Brazil presents another major growth driver for the market, primarily due to its thriving food processing industry. As reported by the Brazilian Food Processors' Association (ABIA), the sector reached sales of R$922.6 billion (US$171 billion) in 2021-a 16.9% increase from the previous year. Also, in Sub-Saharan Africa (SSA), the beauty and personal care industry is poised for remarkable expansion and is expected to double in size over the next decade. This growth is ascribed to accelerated urbanization, the expanding middle class, and the projected population of 2.4 billion by 2050. In conclusion, the market is experiencing a surge in global demand, and regional trends in the UAE, Brazil, and SSA significantly contribute to its momentum.
Based on Application, the market is segmented into Food Ingredients, Pharmaceutical, and Cosmetics. Based on Product, the market is segmented into Beta-Sitosterol, Campesterol, Stigmasterol, and Other Product. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Phytosterols Market Report Segmentation
By Application
By Product
By Country