Dublin, Dec. 02, 2024 (GLOBE NEWSWIRE) — The “Phytosterols Market by Product Type, Source, Application, Distribution Channel, and Region” report has been added to ResearchAndMarkets.com’s offering. This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
The global phytosterols market accounted for USD 1.03 billion in 2023 and is expected to reach at USD 3.01 billion by 2034 with a CAGR of 10.24% during the forecast period 2024-2034. Growing demand for functional foods, rising prevalence of cardiovascular disease, increasing popularity of dietary supplements, technological advancements, and a focus on preventive healthcare will all fuel market expansion.
There is an increasing demand for functional meals and beverages supplemented with health-promoting substances. Phytosterols match this category wonderfully because they may be added to a variety of foods, including milk, yogurt, spreads, and margarine, to provide cholesterol-lowering characteristics. The increased frequency of CVD is increasing the demand for preventive treatments, including the usage of phytosterols, which have been found to lower LDL (bad) cholesterol. For instance, in June 2022, Kensing LLC, a producer of plant sterols, natural vitamin E, and high-purity surfactants, purchased Vitae Naturals, a maker of plant sterol esters and non-GMO vitamin E derivatives with applications in the food, skincare, and nutrition end-use industries.
North America is anticipated to have the highest revenue share during the forecast period owing to the rising prevalence of chronic diseases, advanced healthcare infrastructure, and increasing focus on preventive healthcare measures. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rapid urbanization, expanding middle-class population, and increasing investments in healthcare infrastructure. For instance, Raisio plc (February 2023) announced a new rapeseed variety named “BeneFit” that is high in tocopherols and plant sterols.
Report Scope
- Base Year: 2023
- Forecast Period: 2024-2034
Study Coverage
- Market Forecast by Product Type, Source, Application, and Distribution Channel
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
- Cargill
- Incorporated
- ADM (Archer Daniels Midland Company)
- BASF SE
- Raisio PLC
- DuPont de Nemours Inc.
- Arboris LLC
- Pharmachem Laboratories Inc.
- Unilever PLC
- Kao Corporation
- Nutrartis AG
- Xi’an Healthful Biotechnology Co. Ltd.
- DRT (Derives Resiniques et Terpeniques)
- Lipofoods SLU
- HyPhyto Inc.
- Naturex
- 20% Free Customization Available to Meet Your Exact Requirements
Phytosterols Market Analysis & Forecast by Product Type 2023 – 2034 (Revenue USD Bn)
- Campesterol
- Beta-Sitosterol
- Stigmasterol
- Other
By product type, the beta-sitosterol segment accounted for the highest revenue-grossing segment in the global phytosterols market in 2023 owing to its widespread application in functional foods and dietary supplements, recognized efficacy in lowering cholesterol levels, and increasing consumer awareness about cardiovascular health benefits. For instance, in February 2022, the AGtech business Elicit Plant, which specializes in creating novel phytosterol-based solutions and improving crop water resistance, raised a USD 17.26 million series. The money will go toward supporting global expansion and research and development initiatives for its phytosterol-based water stress remedy, which enables farmers to adapt to the challenges posed by climate change.
Additionally, the other phytosterols segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing research and development activities, expanding applications in pharmaceuticals and cosmetics, and rising demand for diversified phytosterol products with unique health benefits.
Phytosterols Market Analysis & Forecast by Source 2023 – 2034 (Revenue USD Bn)
- Nuts
- Seeds
- Fruits
- Vegetables
- Legumes
- Oils
- Others
By source, the food & beverages segment accounted for the highest revenue-grossing segment in the global phytosterols market in 2023 owing to the widespread incorporation of phytosterols in functional foods and beverages, increasing consumer demand for cholesterol-lowering products, and rising health awareness globally. For instance, in January 2022, ADM announced the opening of its first Science and Technology (S&T) Center in China. This opening is a key milestone in the Company’s ongoing commitment to deliver new nutrition and health innovation to fulfill growing demand in China.
Additionally, the dietary supplements segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing consumer focus on preventive healthcare, rising awareness of the benefits of phytosterols in cholesterol management, and the growing trend towards personalized nutrition.
Phytosterols Market Analysis & Forecast by Application 2023 – 2034 (Revenue USD Bn)
- Food & Beverages
- Pharmaceuticals and Dietary Supplements
- Cosmetics & Personal Care
- Animal Feed Industry
- Others
By application, the fruits & vegetables segment accounted for the highest revenue-grossing segment in the global phytosterols market in 2023 owing to the high phytosterol content naturally present in these sources, their widespread consumption, and the growing consumer preference for natural and plant-based health products. For instance, in January 2022, ADM announced the opening of its first Science and Technology (S&T) Center in China. This opening is a key milestone in the Company’s ongoing commitment to deliver new nutrition and health innovation to fulfill growing demand in China.
Additionally, the legumes segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing recognition of their high phytosterol content, rising consumer awareness of their health benefits, and the growing trend towards plant-based diets and sustainable food sources.
Phytosterols Market Analysis & Forecast by Distribution Channel 2023 – 2034 (Revenue USD Bn)
- Retail Pharmacy
- Hospital Pharmacy
- Online Pharmacy
By distribution channel, the retail pharmacy segment accounted for the highest revenue-grossing segment in the global phytosterols market in 2023 owing to the increasing consumer awareness of health benefits and rising demand for natural cholesterol-lowering supplements. For instance, in 2022, DuPont introduced a new line of phytosterol-based compounds called “NovaMAX” for use in food and beverage applications, responding to rising customer demand for heart-healthy goods.
Additionally, the online pharmacy segment is predicted to grow at the fastest CAGR during the forecast period owing to the convenience of ordering medications from home, expanding internet accessibility, and increasing adoption of telemedicine services.
Phytosterols Market Analysis & Forecast by Region 2023 – 2034 (Revenue USD Bn)
- North America
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Key Attributes
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023-2034 |
| Estimated Market Value (USD) in 2023 | $1.03 Billion |
| Forecasted Market Value (USD) by 2034 | $3.01 Billion |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/yw6sbe
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
- Global Phytosterols Market
