Global Phytosterols Market Research Growth, Trend and Forecast 2018
Global Phytosterols Market By Application Pharmaceuticals, Cosmetics, Food, Feed, By Type Campesterol, Stigmasterol, Beta-Sitosterol, Others, By Region North America, Europe, Latin America, Asia- Pacific and Rest of The World.
The Global Phytosterols Market was valued at USD 520.4 million in 2016 and is projected to reach USD 1084.5 billion by 2025, growing at a CAGR of 8.5% from 2017 to 2025.
The global phytosterols market size is anticipated to reach USD 1.20 billion by 2025. The demand for the ingredient is witnessing tremendous impetus from the mounting concerns regarding the management of cholesterol levels in the human body. Phytosterols are instrumental in maintaining a healthy cholesterol profile as well as support the normal function of the heart. The global phytosterols market analysis projects the health benefits presented by the ingredient is to be the major driver for market growth during the forecast period.
The global phytosterols market size is growing exponentially due to factors such as increased awareness among individuals regarding elevated chances of heart diseases arising out of high cholesterol levels. Phytosterols help to reduce or lower the cholesterol level in the human body. Over the years, the probability of adding phytosterols as ingredients in functional foods has resulted in numerous research studies in order to realize their abilities in reducing blood cholesterol. Therefore, in order to benefit from the cholesterol-lowering effect, numerous food products with added phytosterols or plant sterol esters are made available in the global market.
Phytosterols are shaped like cholesterol and are formed exclusively in plants. They are added to some food products to reduce the cholesterol level in them. Phytosterols are consumed in different proportions for many commercial products like finished products and raw materials. These are steroid-like compounds and resemble the chemical structure of cholesterols. They are used as an additive in large food products like bakery products, milk sausages, spicy sauces, cuts etc.
1. Market Drivers
1.1 Lot of health benefits.
1.2 Rise in number of deaths due to cardiovascular diseases.
1.3 Should be approved by regulating bodies.
2. Market Restraints
2.1 No customer awareness in poor nations.
2.2 Major effects of Phytosterols.
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The Phytosterols Market is segmented on the basis of Application, Type, Brand and Region.
1. By Application:
2. By Type:
3. By Brand:
3.1 Vegapure & Generol – Basf Se
3.2 Benecol – Raisio Plc.
3.3 Phytobake – Bunge Limited
3.4 Reducol – Pharmachem Laboratories Inc
3.5 Cardioaid – Adm
3.6 Corowise – Cargill Incorporated
3.7 Pinvita – Dupont
4. By Region:
4.1 North America U.S., Canada, Mexico
4.2 Europe Germany, UK, France, Rest of Europe
4.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
4.4 Latin America Brazil, Argentina, Rest of Latin America
4.5 Middle East & Africa
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The major players in the market are as follows:
1. Archer Daniels Midland Company
2. Bunge Limited
3. E.I. Du Pont De Nemours And Company
4. Gustav Parmentier Gmbh
5. Pharmachem Laboratories Inc.
6. BASF Se
7. Cargill Inc.
8. Arboris Llc
9. Hyphyto Inc.
10. Raisio Plc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on Phytosterols Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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