Market Research Report
Global Phytosterols Market 2020-2026
|Published by||Orion Market Research Pvt Ltd||Product code||960050|
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|Global Phytosterols Market 2020-2026|
|Published: July 13, 2020||Content info:||
Global Phytosterols Market Size, Share & Trends Analysis Report, By Product (Campesterol, Beta-Sitosterol, Stigmasterol, and Others), By Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Dietary Supplements) and Forecast, 2020-2026
The global phytosterols market is estimated to witness potential growth during the forecast period. Increasing demand for phytosterols in food and beverages and dietary supplements is the major factor in encouraging market growth. To meet the rising number of health-conscious consumers, a comprehensive range of nutritional ingredients are being utilized on food products. However, only a few food constituents, such as phytosterols, have been used as an approved health claim (Food and Drugs Administration and European Commission). Phytosterols are part of such limited lists of accepted compounds owing to their cholesterol-reduction properties, as well as have been gaining acceptance for their anti-carcinogenic and anti-inflammatory properties.
Phytosterols in free or esterified form, are incorporated to foods owing to their properties to decrease absorption of cholesterol in the gut and thus, reduce blood cholesterol levels. Phytosterols are naturally present in fruits and vegetables, vegetable oil, nuts, whole grains, and legumes. However, the average consumption of such substances is less than 500 mg in a day, which is a minimum quantity to reduce cholesterol level. Therefore, phytosterols are used by many producers to fortify foods. This, in turn, is contributing to the emerging demand for phytosterols in food applications.
Geographically, Asia-Pacific is estimated to witness significant growth during the forecast period. Rising consumption of dietary supplements and emerging demand for plant extract ingredients in the cosmetics sector is driving the market growth in the region. China's dietary supplements industry has emerged rapidly owing to the increasing disposable income and people's awareness and demand for healthy nutritional products. Traditionally, dietary supplements primarily target children and the elderly generation. However, the middle-class population, younger generations have started focusing on healthy products for better health. This, in turn, is driving the demand for phytosterols in Chinese dietary supplements to reduce the risk of CVD, cancer, and other conditions.
Some crucial players in the market include Archer Daniels Midland Co., Cargill Inc., BASF SE, Raisio Plc, and Bunge Ltd. The market players are adopting several strategies including mergers and acquisitions, product launches, and partnerships and collaborations to expand market share. For instance, in April 2017, Lipofoods SLU introduced its palm-free LIPOPHYTOL phytosterol system. It is a water-dispersible and highly concentrated source of plant sterols in an easy-to-use format intended to support CVD health. LIPOPHYTO offers an advanced delivery system with a proven capability to enhance plant sterol solubility in food and beverage matrices.
The market study of the global phytosterols market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: