Phytosterols Market Overview & Size, Share, Growth, Industry Trend 2024

Overview and Scope
Phytosterols refer to bioactive substances that naturally occur in plants and have a chemical structure resembling that of cholesterol. Phytosterols compete with dietary cholesterol for intestinal absorption, resulting in lower blood cholesterol levels. It aids in controlling blood cholesterol levels, lowering the chance of heart disease, a heart attack, or a stroke.

Sizing and Forecast
The phytosterols market size has grown rapidly in recent years. It will grow from $1 billion in 2023 to $1.11 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increasing awareness of health benefits, rising prevalence of cardiovascular diseases, functional food and nutraceutical trends, government initiatives to combat obesity, functional ingredients in cosmetics.

The phytosterols market size is expected to see rapid growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to focus on plant-based diets, research on additional health benefits, expansion of functional beverages, regulatory support for health claims, global aging population. Major trends in the forecast period include innovations in delivery formats, collaborations in research and development, phytosterols in personalized nutrition, clean label and transparency, phytosterols in pet food.

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Segmentation & Regional Insights
The phytosterols market covered in this report is segmented –
1) By Type: Beta-Sitosterols, Campesterols, Stigmasterols, Other Types
2) By Source: Vegetable Oils, Nuts and Seeds, Whole Grains, Other Sources
3) By Form: Dry, Liquid
4) By Application: Food And Beverages, Pharmaceuticals, Cosmetics, Dietary Supplements, Animal Feed

Europe was the largest region in the phytosterols market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phytosterols market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing prevalence of cardiovascular disease is significantly contributing to the growth of the phytosterols market going forward. Cardiovascular disease is a general term encompassing conditions affecting the heart or blood vessels. It includes heart and blood vessel disorders, including coronary heart disease, stroke, peripheral arterial disease, aortic disease, and other conditions. Plant sterols or phytosterols compete with cholesterol absorption by binding to micelles and lowering cholesterol concentration. The daily consumption of phytosterols is associated with an 8% to 10% reduction in LDL cholesterol levels. For instance, in January 2023, according to a report shared by the American Heart Association, a US-based non-profit organization that supports cardiovascular medical research, 928,741 people died in the United States in 2020 because of cardiovascular disease (CVD), which was reported as the primary cause of death. Additionally, according to reports by the British Heart Foundation, a UK-based cardiovascular research charity, the number of deaths caused due to all heart and circulatory diseases in men and women accounted for 163,888 in 2019 in the UK, which increased to 168,319 in 2020. Therefore, the increasing prevalence of cardiovascular disease is driving the growth of the phytosterols market.

Key Industry Players
Major companies operating in the phytosterols market report are Cargill Inc., Archer Daniels Midland Company, BASF SE, Wilmar International Limited, Bunge Limited, Unilever PLC, Sigma-Aldrich Company LLC, Ashland Global Holdings Inc., Evonik Industries AG, ProBiotix Health Ltd, Raisio PLC, Les Dérives Résiniques Et Terpéniques SA (DRT), Avanti Polar Lipids Inc, Xi'an Healthful Biotechnology Co. Ltd., Matrix Life Science Pvt. Ltd., Connoils LLC, Arboris LLC, Advanced Organic Materials SA, BOC Sciences, Foodchem International Corporation, Lipofoods SLU, Vitae Naturals, Herbo Nutra Extract Private Limited, CD Bioparticles, Ipsum Lifesciences LLP, MMP Inc., Gustav Parmentier GmbH, Hyphyto Inc., Enzymotech Ltd., Tama Biochemical Co.Ltd.

The phytosterols market report table of contents includes:
1. Executive Summary
2. Phytosterols Market Characteristics
3. Phytosterols Market Trends And Strategies
4. Phytosterols Market - Macro Economic Scenario
5. Global Phytosterols Market Size and Growth
….
32. Global Phytosterols Market Competitive Benchmarking
33. Global Phytosterols Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Phytosterols Market
35. Phytosterols Market Future Outlook and Potential Analysis
36. Appendix