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Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Phytosterols Market size was valued at US$ 500 million in 2023 and is anticipated to grow at US$ 992 million till 2030 recording a CAGR of 10.4% from 2024-2030. Phytosterols are plant-derived sterols present in fatty tissues of plants. These have a similar chemical structure as cholesterol and higher concentrations are found in vegetable oils, nuts, and beans. The difference between cholesterol and phytosterols is their absorption levels in the blood. Phytosterols absorbed at lower rate compared with cholesterol and helps to reduce the cholesterol levels in the body that leads to reduce the risk of coronary artery disease. The high nutritional benefits of phytosterols coupled with increase in the prevalence of coronary artery disease is a key factor that expected to drive the demand for phytosterols over the forecast period. Moreover, technological advancements in the extraction of phytosterols from plants, approval for the usage of phytosterols in food ingredients by various regulating bodies such as FDA and EU SFC, rise in R&D on the phytosterols beneficial aspects, and a wide range of applications of phytosterols such as anti-cancer properties are fuel the phytosterols market over the forecast years. However, poor bioavailability and solubility of phytosterols, high cost of products, alternative availability, and side effects associated with phytosterols may restrain the growth of the phytosterols market.
Study Period
2024-2030Base Year
2023CAGR
10.4%Largest Market
North AmericaFastest Growing Market
Europe
One of the primary factors driving the market's growth is the rising frequency of diseases such as hypercholesterolemia and cancer. Because of the potential health benefits of phytosterols, consumers are increasingly requesting them in food and dietary supplements. Milk, sausages, baked goods, yoghurts, spreads, and margarine are among the products that have been fortified with the chemical to improve their nutritional value. In addition, the use of herbal and mineral extracts as food additives is increasing product demand. Phytosterols are an important component of dark chocolate, which is a favourite delicacy among the general public.
Geographically, global phytosterols market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America phytosterols market projected to grow at significantly due to increase in the prevalence of cancer and coronary artery disease, increase in the awareness about the applications of phytosterols, and rise in disposable income. Europe phytosterols market growth attributed to approval from the EFSA for phytosterols usage in food ingredients, adoption of newer techniques for the extraction of phytosterols and increase in the incidence of heart diseases are propel the market. Asia Pacific phytosterols market has a prominent growth owing to rise in population demand for the natural food ingredients, increase in the R&D for the development of newer products, and entry of market players into Asia Pacific region are upsurge the revenue of market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 500 million |
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Market CAGR |
10.4% |
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By Product Type |
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By Application |
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By Region |
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)
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The Phytosterols Market size was valued at US$ 500 million in 2023
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.