The Global Phytosterols Market Size accounted for USD 795.3 Million in 2021 and is projected to occupy a market size of USD 1,759.1 Million by 2030 growing at a CAGR of 9.3% from 2022 to 2030.
Phytosterols are partially absorbed by the human digestive tract and also the other mammals. The chemical structure of phytosterols is similar to that of cholesterol, except for an additional alkyl group that acts as a natural cholesterol blocker. Less cholesterol absorption in the body results in low-density lipoprotein (LDL) containing blood levels which result in lowering the threat of cardiac diseases, especially coronary heart diseases.
Phytosterols Market Report Statistics
Global Phytosterols Market Dynamics
Phytosterols Market Report Coverage
|Phytosterols Market Size 2021||USD 795.3 Million|
|Phytosterols Market Forecast 2030||USD 1,759.1 Million|
|Phytosterols Market CAGR During 2022 - 2030||9.3%|
|Phytosterols Market Analysis Period||2018 - 2030|
|Phytosterols Market Base Year||2021|
|Phytosterols Market Forecast Data||2022 - 2030|
|Segments Covered||By Product, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Arboris, Advanced Organic Materials, Archer-Daniels-Midland Company, Ashland Global Holdings, Inc., BASF, Cargill Inc., DuPont, Unilever, Raisio, and The Lubrizol Corporation.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Phytosterols Market Growth Factors
The increase in the prevalence of cardiac diseases and other diseases related to the high levels of cholesterol in the body is driving the global phytosterols market. Other factors which are fuelling the market growth are growing awareness among people regarding cardiac arrest, stroke, and other diseases related to cholesterol and rising favorable government regulations regarding phytosterols. In developed regions including North America and Europe, people are getting aware of the high amount of cholesterol in the body and the diseases associated with it. According to the Sudden Cardiac Arrest Foundation (SCA), more than 356,000 sudden cardiac arrest occurs in the U.S. annually out of which 90% are fatal.
However, stringent government regulations of the U.S. Food & Drug Administration (FDA) regarding approvals of phytosterols and unaffordable prices in developing countries are some of the vital factors which may hamper the market growth. Lack of awareness in the developed region including Latin America & Africa is the other factor that might affect the global phytosterols market growth negatively.
Phytosterols Market Segmentation
The global phytosterols market is segmented based on product, application, and geography.
Phytosterols Market By Product
According to our phytosterols industry analysis, the beta-sitosterol sub-segment will generate the most revenue in 2021 due to increased beta-sitosterol in pharmaceutical industry, particularly in medicines used to treat prostate disorders. Beta-sitosterol is found in medications used to treat urinary tract symptoms, colon cancer, lower cholesterol levels, allergies, migraine, and heart disease.
Phytosterols Market By Application
Based on phytosterols market forecast, the pharmaceuticals sub-segment is expected to dominate the industry from 2022 to 2030. The high market size of the industry is credited to the increased cholesterol levels among the geriatric population along with the prevalence of lifestyle diseases and other health conditions have fostered the demand for phytosterols in pharmaceutical applications. In terms of growth, the cosmetics sub-segment is anticipated to record fastest growth rate during the forecast timeframe. The segment's rapid growth can be attributed to rising consumer spending on personal care as well as increased awareness about one's appearance and skin quality.
Phytosterols Market Regional Outlook
The Middle East & Africa
Phytosterols Market Regional Analysis
North America dominates the global phytosterol market owing to the developed economy, high awareness among people regarding diseases associated with high levels of cholesterol in the body, and favorable government regulations regarding the use of phytosterols. Other factors which are positively influencing the market growth in the region are the availability of reimbursement policies and the rise in per capita income of people.
Europe accounts for the second largest share of the global phytosterols market owing to the presence of major players in the region. Ongoing research & development regarding phytosterols in Europe and increasing awareness among people regarding the use of phytosterols to manage cholesterol levels in the body are some of the other factors which are supporting the market growth.
Asia-Pacific is the fastest-growing region for the phytosterols market owing to the large population base and the high number of people suffering from cardiac diseases, especially in India, China, and Japan. Entry of the global players in the Asia-Pacific regional market has uplifted the regional market share in the global phytosterols market.
South America accounts for the least share of the market owing to a lack of awareness regarding the use of phytosterols and cardiac diseases regarding high cholesterols. Poor healthcare infrastructure and low per capita income of people coupled with low healthcare expenditure are some of the other factors which are restraining the market growth in the region.
Phytosterols Market Players
Being one of the potential market a number of companies are trying to introduce new and cheaper products. Some of the leading companies operating in the global phytosterols market include Arboris, Advanced Organic Materials, Archer-Daniels-Midland Company, Ashland Global Holdings, Inc., BASF, Cargill Inc., DuPont, Unilever, Raisio, and The Lubrizol Corporation.
The market size of phytosterols market in 2021 was accounted to be USD 795.3 Million.
The projected CAGR of phytosterols market during the analysis period of 2022 to 2030 is 9.3%.
The prominent players of the global phytosterols market include Arboris, Advanced Organic Materials, Archer-Daniels-Midland Company, Ashland Global Holdings, Inc., BASF, Cargill Inc., DuPont, Unilever, Raisio, and The Lubrizol Corporation.
Europe held the dominating phytosterols during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for phytosterols during the analysis period of 2022 to 2030.
Growing demand for diversified food, rising middle-class population, increasing consumption of milk and milk products, and surging health benefits drives the growth of global pytosterols market.
Based on product, beta-sitosterol segment is expected to hold the maximum share of the phytosterols market.