Global Phytosterols Market to Grow at 8.1% During 2023-2028, Bolstered by Increasing Prevalence of Lifestyle Disorders

The latest report by IMARC Group, titled “Phytosterols Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global phytosterols market size reached US$ 825 Million in 2022. Phytosterols, also known as plant sterol or stanol esters, are naturally occurring compounds found in plant cell membranes, unrefined vegetable oils, whole grains, seeds, nuts, and legumes. As phytosterols are structurally similar to the cholesterol found in animals, they are consumed to block cholesterol absorption in the digestive system. In addition, they interfere with cholesterol absorption in the intestine by displacing its molecules from micelles and facilitating excretion, thus resulting in lower blood cholesterol levels. As a result, they help prevent cardiovascular diseases (CVDs), obesity, and different types of cancers.

Global Phytosterols Market Trends:

The market is primarily driven by the increasing prevalence of lifestyle diseases, leading to the demand for foods that are rich in phytosterols. Moreover, owing to the potential health benefits, phytosterols are used to fortify food products such as milk, sausages, baked goods, yogurts, spreads, and margarine, to enhance their nutritional content. Besides this, the market is favored by the increasing utilization of herbal and mineral extracts as food additives. In addition, phytosterols have skin-replenishing and anti-inflammatory properties. As a result, they find extensive applications in the cosmetics and skincare industry, which represents another growth-inducing factor. Furthermore, the increasing research and development (R & D) activities to enhance the therapeutic benefits of phytosterols are also creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.1% during 2023-2028.

Market Summary:

• Based on the product type, the market has been segmented into beta-sitosterols, campesterols, stigmasterols, and others.
• On the basis of the application, the market has been classified into food ingredients, pharmaceuticals, cosmetics, and others.
• Region-wise, the market has been divided into Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others), Middle East and Africa (Turkey, Saudi Arabia, Iran, the United Arab Emirates, and others).
• The competitive landscape of the industry has also been examined, with some of the key players being Arboris, Archer Daniels Midland, BASF, Cargill, Cognis, Lipofoods, Matrix Fine Sciences, Pharmachem Laboratories Inc., Raisio Group and Unilever.

Report Scope:

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