Phytosterols Market To Cross $989.8 Million By 2020 | Key Industry Players Fobes Medi-Tech, Cargill Inc.
San
Francisco, 25 September 2018 - The global phytosterols market is estimated to reach USD
989.8 million by 2020, growing at an expected CAGR of 7.2% from 2014 to 2020.
Phytosterols are steroid compounds derived from plant and are comparable to
cholesterol in the structural behavior and functionality. Phytosterols are used
as an additive in a large food products variety including cold cuts, spicy
sauces, spreads, margarine, milk sausages, bakery products, and yogurts.
Phytosterols contest with cholesterols during absorption in the intestines of
the digestive system to decrease cholesterol level and to control intake.
The global phytosterols market is projected to
witness a high growth on account of the encouraging supervisory scenario, which
encourages their application in nutraceuticals and functional foods. Adding to
it, verified capability of phytosterols, to decrease cardiovascular disorders
is also estimated to impact the global phytosterols market favorably.
Food ingredient segment accounted for the largest
share of over 50% of the total revenue generated in 2013. Increased functional
food & beverages consumption in developed countries across the globe is
expected to benefit the market.
Full
Research Report On Global Phytosterols Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/phytosterols-market
www.grandviewresearch.com/industry-analysis/phytosterols-market
In 2013, beta-sitosterol held the largest market
share of over 65% of the global phytosterols market. The beta-sitosterols is
also projected to experience the maximum growth rate, at a projected CAGR of
7.4% from 2014 to 2020. It finds application in a large pool of medical
applications which include prevention from cervical cancer, skin problems, and
colon cancer. This wide range of usage is likely to drive the complete market
over the next six years.
Europe phytosterols market accounted for over 25% of
the global revenue generated in 2013. The regional market is also anticipated
to grow at a CAGR of 8.8% over the forecast period. The encouraging supervisory
scenario in the region is projected to be the factor driving the overall
market. Increasing shift in the lifestyle of the population and rising levels
of disposable income is also expected to propel the growth of the market. North
America and Asia-Pacific phytosterol markets are projected to witness
significant growth over the next six years.
The global phytosterols market shows oligopolistic
nature. The three top businesses functioning in the market include Cognis-BASF,
Raisio Life Sciences, and ADM. The other major companies of the global
phytosterols market include Cognis-BASF, Fobes Medi-Tech, Cargill Inc.,
Pharmaconsult Oy Ltd, Arbois, Fenchem Enterprises Ltd, Lipofoods. Other
companies venturing into the market include Phyto-Source LP, Archer Daniels
Midland Company, Raisio Life Sciences, K-Patel Phyto Extracts, Triple Crown,
PrimaPharm B.V., Degussa Food Ingredients GmbH, and Enzymotec Ltd.
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More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the global phytosterols market on the
basis of application, product and region:
Phytosterols
Applications Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
- Pharmaceuticals
- Cosmetics
- Food
Ingredient
Phytosterols
Product Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
- Beta-sitosterol
- Campesterol
- Stigmasterol
- Others
Phytosterols
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
- North
America
- Europe
- Asia
Pacific
- RoW
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Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-phytosterols-market
www.grandviewresearch.com/press-release/global-phytosterols-market
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