Phytosterols Market – Overview
Increasing health awareness among the consumers is further adding fuel to the growth of the phytosterols market. Additionally, high preference towards functional food and beverages is increasing the demand for phytosterols. However, non-defined stringent laws in the use of phytosterols in certain food & beverages may hinder the market growth.The raised emphasis on health consciousness has emerged as a key motivator for the phytosterols market. Reports that gauge the food, beverage and nutrition industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is predicted to achieve a 8.7% CAGR in the forecast period.
The elevated levels of body weight-related disorders are raising the demand for phytosterols market globally. Moreover, the mounting incidence of diseases is motivating the development of the market in the coming years. The growing acceptance of supplements and functional food around the world is predicted to have a beneficial effect on the expansion of the market in the coming years.
The eminent players in the Phytosterols Market globally are Archer-Daniels-Midland Company (U.S.), Bunge Ltd. (U.S.), E. I. du Pont de Nemours and Company (U.S.), Cargill Inc. (U.S.), Gustav Parmentier Handeslgesellschaft GmbH (Germany), Raisio Plc. (Finland), BASF SE (Germany), Pharmachem Laboratories, Inc. (U.S.), Arboris, LLC (U.S.), Danone (France)
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The accessibility to key tactical opportunities leading to consequent stabilization of inflation is anticipated to create promising openings for expansion in the coming years. The progress of the market is expected to capture increased momentum in the coming years primarily due to the presence of conducive government policies. The growth turnaround in the market is expected to activate new opportunities for expansion of the market. The improvements in various domestic economies are expected to motivate the development of the market in the upcoming period. In the coming years, the influence exerted by relatively high-income levels in nations around the world and the potential gains observed to some of the currencies in the world is expected to reinforce the evolution of the market in the forecast period. A considerable rise in the number of investors in the market is projected to create an advantageous scenario for the progress of the market in the forecast period.
The examination of the segments in the Phytosterols Marketis segmented on the basis of type, region and application.
Based on the Applications
- Food products
Among all the applications for phytosterols, the food products segment is controlling the market due to the increasing demand for phytosterols in a variety of food preparations as a substitute to the conventional cholesterol. Furthermore, the increasing awareness concerning cardiac and health in the population and connected health benefits with the intake of phytosterols is driving the market development.
Based on Type
Among all the segments, the beta-sitosterol segment is leading the phytosterols market due to their usage in a broad range of medicinal products and supplements particularly for treating cervical and colon cancer. Furthermore, elevated demand for phytosterols-rich food is motivating the expansion of this segment.
Detailed Regional Analysis
The regional study of the Phytosterols Market is segmented into North America, Europe, Asia Pacific, and rest of the world. The European region is leading the phytosterols market followed by the North American region and is projected to preserve its control over the forecast period. Germany is a chief consumer of phytosterols in form of functional food and supplements due to the escalating prevalence of obesity and other chronic diseases. Moreover, elevated demand for phytosterols in functional food & beverages industry is expected to be the key motivating factor in this region. Besides, the intensifying consumer awareness and rising demand for functional food & beverages supplemented with phytosterols in Asia Pacific region together with nations like India and China is anticipated to motivate the phytosterols market in this region.
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