Phytosterols Market Witness Significant Growth Of $989.8 Million By 2020: Grand View Research, Inc.

May 15 12:20 2019
 Phytosterols Market Witness Significant Growth Of $989.8 Million By 2020: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,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.

According to a report,”Phytosterols Market Analysis By Application (Pharmaceutical, Cosmetics, Food Ingredients), By Product (Beta-Sitosterol, Campesterol, Stigmasterol, Ergosterol) And Segment Forecasts To 2020″, published by Grand View Research, Inc., 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.

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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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.

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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About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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