Phytosterols are plant sterols which are found in the fatty tissues of plants. Phytosterols cannot be synthesized by humans and animals due to which they need to be included in the diet. The chemical structure of phytosterols is similar to cholesterol, with few exceptions; however, the absorption of phytosterols in humans is much less than that of cholesterol. Phytosterols are naturally found in all items of plant origin.
Food industry is the major end user for phytosterols as most of the processed food is being topped off with phytosterols to cater the needs of health concerned consumers. It is the largest shareholder of this market with almost 50% of market share both in terms of volume and money.
Consumers across the world are becoming more health conscious for foods with additional benefits such as low cholesterol and reduced disease risks. Phytosterol-rich food diets help in reducing cholesterol absorption and reduce the risks of heart diseases. Rapid advances in science and technology, increasing health care costs, aging population, and rising awareness of customers in attaining wellness through diet are the major factors driving the demand for functional food and beverages as well as ingredients such as phytosterols and carotenoids.The high-growth potential in emerging markets and untapped regions provides new growth opportunities for market players. The growth of this market is driven by growing customer attention towards superior quality food, which should be balanced and nutritive
The global phytosterols market is segmented based on type, application.
Based on type, they are segmented as follows
III. Stigmasterols and others.
According to application, it is segmented into
Market is majorly dominated by developing nations like, India, China and Brazil which remain untapped because of unawareness among people till now. Now consumers are more concerned about their health benefits when consuming a product and this will likely help the market to grow rapidly in the coming years. Asia-Pacific provides new growth opportunities for market players in phytosterols. Restraints for this market are less and thereby easy to grow.
People are becoming more and more aware about various health benefits of Phytosterols. It has numerous end user applications and also increase in cardio vascular diseases are making people to choose phytosterols. Also, feed manufacturers and nutritionists are focusing on feed that include phytosterols, to be used as feed for animals. This will provide better health benefits to humans who consume animal meat. All these factors are driving the market and awareness among people will be the major factor for this market, which will create potential opportunities to be explored.
The phytosterol industry has many players; however, the industry is dominated by a few. Raisio Plc., BASF SE, and Bunge Limited collectively account for more than half of the total phytosterols market. Acquisition was found to be the most preferred growth strategy in the phytosterols market. Other players such as Pharmachem Laboratories Inc., DuPont,Cargill Inc., ADM, Arboris, HyPhyto Inc., and Gustav Parmentier GmbH also have a strong presence in the market.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage