The global phytosterols market is expected to be valued at USD 0.8 Billion in 2022 and is projected to grow at a CAGR of 9.1% during the forecast period (2022 to 2032). The market is likely to reach a valuation of USD 2.0 Billion by 2032. The global phytosterols market is anticipated to showcase year-on-year (Y-o-Y) growth of 8.4% in 2022.
| Attributes | Key Statistics |
|---|---|
| Phytosterols Market Estimated Size (2022E) | USD 0.8 Billion |
| Projected Market Valuation (2032F) | USD 2.0 Billion |
| Value-based CAGR (2022 to 2032) | 9.1% |
| Collective Value Share: Top 3 Countries (2021A) | 34.5% |
Phytosterols, also known as plant sterols, are found in plant cell membranes and are considered to be a group of naturally occurring compounds. Though phytosterols are similar to the cholesterol found in the human body in terms of structure, when consumed, they can block the absorption of body cholesterol in the digestive system. As a result, bad cholesterol absorption gets blocked in the body, thereby reducing blood cholesterol levels.
A few commercially prepared food items, including yogurt, juices, salad dressings, breakfast bars, and margarine can be fortified with phytosterols during manufacturing processes. Various phytosterols supplements are widely available in many grocery stores, health foods stores, and retail pharmacies across the globe.
If taken as a supplement, phytosterols may help lower LDL, as well as total cholesterol levels in the body. It can also help an individual to lose weight and prevent colorectal cancer.
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Demand for phytosterols grew at 8.2% CAGR between 2017 and 2021. Phytosterols production is increasing across the globe as more consumers are including the product in their diet. The rising shift of consumers towards heart-healthy meal plans is expected to drive the market in the evaluation period.
Numerous research studies in the field of phytosterols have revolutionized the industry. Surging demand for dietary supplements supporting cardiovascular health is expected to boost the market. High per capita expenditure on pharmaceuticals and healthcare is another crucial factor that would propel growth. Spurred by the aforementioned factors, the global phytosterols market is projected to grow at a CAGR of 9.1% in the forecast period of 2022 to 2032.
Government Agencies Recommend Use of Phytosterols Supplements
In the USA, the National Cholesterol Education Program has recommended people with high cholesterol levels consume 2 grams of phytosterols every day. The organization found strong evidence of the product’s effectiveness through Research and Development activities. It has further generated lucrative demand for phytosterol supplements in the USA
Also, the USA Food and Drug Administration (FDA) declared that foods containing 0.65 grams per serving of plant sterol esters may be taken twice per day with meals as part of a diet with a daily intake of a total of 1.3 grams, to maintain a low cholesterol level and saturated fat, to reduce risks of heart disease.
Demand for Non-GMO Phytosterols to Surge in the Future
Phytosterols, which are non-GMO in nature, are exhibiting high demand in the Netherlands for their ability to lower the risks of cardiovascular disease. The Federal Institute for Risk Assessment has evaluated the unwanted effects of plant sterol on human retinal microvessels for early diagnosis of cardiovascular risks in the Netherlands. According to findings, plant sterol can be consumed by children, as well as by individuals with moderate cholesterol levels.
Availability of Plant Sterol in Numerous Forms to Drive Growth
Plant sterol is a type of plant lipid, which acts as a natural cholesterol blocker. It is present in fruits, vegetables, and grains and has a similar structure as that of body cholesterol. Plant sterol helps in blocking the absorption of the body’s cholesterol level in the blood during the meal digestion process, thereby lowering LDL cholesterol significantly.
Various renowned brands like Cargill are offering innovative products which are stable across a wide range of pH levels and temperatures in Japan. Also, key companies are providing unique supplements that are available in numerous forms to suit a wide range of applications, which is further increasing phytosterols production in the country.
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Pharmaceutical Industry to Adopt Beta-sitosterol Worldwide
Based on product type, the beta-sitosterol segment is projected to remain at the forefront in the global phytosterols market during the forthcoming years. Sales of beta-sitosterol are growing in the pharmaceutical industry worldwide.
Increasing the use of the product for the manufacturing of medicines to treat prostate disorders is expected to push the segment. It is also set to be used for lowering cholesterol levels and treating urinary tract infection symptoms, allergies, heart disease symptoms, colon cancer, and migraine.
Legumes Containing Essential Phytosterols to Gain Traction
Many healthy plants contain natural phytosterols in considerable amounts, including nuts (macadamia nuts, pistachios, cashews, almonds, hazelnuts, and peanuts), seeds (sunflower seeds, pumpkin seeds, and watermelon seeds), fruits (oranges, pineapples, bananas, berries, apricots, and apples), vegetables (broccoli, artichokes, cabbage, green beans, sweet potatoes, asparagus, cauliflower, and celery), plant oils (argan oil, olive oil, canola oil, and sunflower oil), and legumes (lentils, chickpeas, adzuki beans, mung beans, and soybeans).
Among all the above-mentioned sources, the content of essential phytosterols is high in legumes. For instance, 170 grams or 1 cup of chickpeas may contain approximately 206 mg of plant sterol, which is greater than that of any other whole grain. Legumes as a natural source of phytosterols and are thus gaining momentum in the market.
Consumers Are Looking for Plant Stanols and Sterols Supplements
Phytosterols can compete with dietary cholesterol in the human gut with the help of certain enzymes needed for increasing metabolism and reducing cholesterol absorption by 30% to 50% in the body. According to research, consuming 2 grams of plant sterol per day may reduce LDL or bad cholesterol in blood levels by approximately 8% to 10%.
Rising concerns about the negative effects of conventional chemical ingredients on health are encouraging consumers to look for natural dietary supplements. Thus, renowned manufacturers are producing new dietary supplements with plant-based ingredients like phytosterols to attract more health-conscious consumers.
Key phytosterols manufacturers are striving to withstand competition in the global market by adopting various business strategies, including acquisitions, partnerships, and agreements. Some of the top phytosterols brands are mainly focusing on new product launches to generate more shares and attract a large consumer base.
For instance,
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The global phytosterols market is estimated to reach nearly USD 0.8 Billion by 2022.
The phytosterols market is expected to grow at a CAGR of 9.1% during the forecast period (2022 to 2032).
The phytosterols market exhibited a CAGR of around 8.2% over the past half-decade.
The global phytosterols market size is set to be valued at USD 2.0 Billion in 2032.
Bunge Limited, Cargill Inc., BASF SE, Archer Daniels Midland Company, and DuPont De Nemours are the key players operating in the phytosterols market.
The top countries driving demand for phytosterols are the USA, Japan, Netherlands, India, and the UK
The increasing prevalence of high cholesterol and the rising number of new product launches by key players are propelling growth in the phytosterols market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Campesterol 5.2. Beta-Sitosterol 5.3. Stigmasterol 5.4. Others 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Source 6.1. Nuts 6.2. Seeds 6.3. Fruits 6.4. Vegetables 6.5. Legumes 6.6. Oils 6.7. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 7.1. Food & Beverages 7.2. Pharmaceuticals and Dietary Supplements 7.3. Cosmetics & Personal Care 7.4. Animal Feed Industry 7.5. Others 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Bunge Limited 18.2. Cargill Inc. 18.3. BASF SE 18.4. Archer Daniels Midland Company 18.5. DuPont De Nemours 18.6. Pharmachem Laboratories Inc. 18.7. Unilever Plc 18.8. Arboris LLC 18.9. Gustav Parmentier GmbH 18.10. Raisio Plc 18.11. Others on Additional Request 19. Assumptions & Acronyms Used 20. Research Methodology
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Phytosterol Market
