Phytosterols - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Phytosterols Market is accounted for $610.43 million in 2018 and is expected to reach $1463.08 million by 2027 growing at a CAGR of 10.2% during the forecast period. While the factors like, approval by a variety of regulating bodies and growing number of deaths caused by cardiovascular diseases are propelling the market growth. However, the side effect of phytosterols is hampering the market growth.
Phytosterols is a joint term which consists of phyto and sterol. The term means the sterols that are derived from the plants which are found in the plants fatty tissues. High concentrations of the phytosterols are found naturally in the beans, vegetable oils, and nuts. The chemical structure of phytosterols is parallel to that of cholesterol. The dissimilarity between the two is the blood absorption levels.
Based on the application, the food ingredients segment is likely to have a huge demand due to the growing interest for phytosterols in different food preparations as an alternative to the conventional cholesterol. Furthermore, increasing responsiveness regarding cardiac and health in the population and connected health benefits with the utilization of phytosterols is pouring the market growth.
By geography, Europe is going to have a lucrative growth during the forecast period. Germany is a major purchaser of phytosterols in form of supplements and functional food due to increasing prevalence of tubbiness and other chronic diseases. Moreover, high demand for phytosterols in functional food & beverages industry is considered to be the key pouring factor in this region.
Some of the key players profiled in the Phytosterols Market include Arboris Llc, Archer Daniels Midland Company, BASF Se, Bunge Limited, Cargill Inc., E.I. Du Pont De Nemours And Company, Hyphyto Inc., Gustav Parmentier Gmbh, Raisio Plc., Pharmachem Laboratories Inc., Ashland, Merck Kgaa, Drt Group, The Lubrizol Corporation and Enzymotec Ltd.
• Other Types
• Food Ingredients
• Dairy Products
• Sauces and Condiments
• Bakery and Confectionery
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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