Phytosterols Market

Global Phytosterols Market Size (2024 to 2029)

The global Phytosterols Market size is predicted at USD 0.66 billion in 2024 and USD 1.04 billion by 2029, growing at a CAGR of 9.62% during the forecast period.

The basic difference between phytosterols and cholesterol lies in the absorption levels in the blood. Humans and animals cannot synthesize phytosterols, so they must be included in the diet. However, phytosterols are absorbed in a slower rate than cholesterol. Phytosterols have many health benefits, for example, they help lower cholesterol, and taking 2-3 g of sterols and stanols a day can reduce the risk of coronary heart disease by approximately 20% throughout life. Lowering cholesterol also brings other benefits, such as a lower risk of heart disease and heart attack. It is also good for cancer patients because it protects against the development of cancer, phytosterols are also observed to prevent ovarian, breast, stomach, and lung cancer. They have also been identified to be composed of antioxidants and are also good for skin protection and anti-aging. The benefits of phytosterols are so widely recognized that foods are fortified with them.

Global Phytosterols Market Drivers and Restraints

The increasing adoption of a healthy lifestyle in all geographic regions has stimulated the demand for nutraceuticals. This should be one of the main factors driving the demand for phytosterols. The increasing demand for complementary nutritional supplements to cardiovascular health should increase the consumption of phytosterols as a functional ingredient. This is further accelerated by rising per capita spending on healthcare and pharmaceuticals. Lower profit margins from biorefineries and vegetable oil extraction are likely to act as a constraining factor against the growth of the global phytosterol market to some extent. However, advances in biotechnology in the near future are expected to stimulate growth during the forecast period. Growing concerns about the impact of conventional chemical ingredients on the environment have fueled the use of organic and sustainable ingredients in various industries. The manufacturing sector is increasingly focused on integrating organic raw materials to reduce the carbon footprint and gain consumer confidence by offering products with little or no side effects. The cosmetic industry offers a wide range of mature plant products due to the strong increase in the demand for cosmetic products of biological origin.

Phytosterols are used in cosmetic and personal care products, such as anti-aging creams. The product's herbal profile, combined with skin regeneration benefits, is expected to promote growth in the global phytosterol market during the forecast period. Europe is one of the first to adopt a bio-based economy. The development of biotechnology and associated processes has greatly accelerated the growth of industries such as cosmetics, in terms of ingredients of plant or biological origin

REPORT COVERAGE

REGIONAL ANALYSIS

The global market for Phytosterols has been categorized based on geography in four regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among all regions, Europe is expected to be a major phytosterol market and will grow at a significant rate during the outlook period. The growth in demand for products in Europe is mainly due to the mature pharmaceutical, cosmetic, and food industries in the UK and Germany. Demand is further accelerated by the rapid adoption of the bio-based economy in the region, which has favored the application of bio-based ingredients in end-use industries such as cosmetics. Europe is trailed by North America in terms of value, followed by other profitable areas, especially Asia-Pacific and Central and South America. Market growth is expected to be relatively slower in the Middle East and Africa due to lack of knowledge and less adoption of nutraceuticals in the region compared to the rest of the regions.

KEY MARKET PLAYERS

• Cargill
• ADM
• Arboris LLC
• Fenchem
• BASF Cognis
• DuPont Danisco
• Aisio Group

RECENT HAPPENINGS IN THE MARKET

• Ashland announced that it had completed the acquisition of Pharmachem Laboratories, Inc., an established global provider of nutritional and fragrance products for $ 660 million. This acquisition is intended to increase the capacity of existing Ashland companies and expand their nutraceutical knowledge to a variety of end-users.
• Lipofoods announced the launch of the company's "Lipophytol" palm-free phytosterol system. It is a type of plant sterol that is available in high concentration and has the ability to be dispersible in water. The product is available in a much more user-friendly way to support its use in improving the cardiovascular system of consumers.

DETAILED SEGMENTATION OF THE GLOBAL PHYTOSTEROLS MARKET INCLUDED IN THIS REPORT

This research report on the global phytosterols market has been segmented and sub-segmented based on the type, application, and region.

By Type

• Campesterol
• Stigmasterol
• Beta-sitosterol
• Avenasterol 

Beta-sitosterol holds the largest market share. Due to its effectiveness in lowering the amount of cholesterol absorbed by the body, it is widely used in several prepared foods. It is also found in some vegetable oils. By application, the market is categorized into Pharmaceuticals, Food, Feed and Cosmetics. Food segment accounted for the largest market share because of the increasing applications of phytosterols in food and beverage products and its associated health benefits.

By Application

• Introduction           
• Pharmaceuticals   
• Food          
• Feed          
• Cosmetics

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
• Rest of the World