Global Phytosterols Market: Overview
Phytosterols is a combined term which consists of Phyto and sterol. The term means the sterols that are derived from the plants which are found in the plant’s fatty tissues. There is a huge variety of phytosterols found; approximately there are more than 200 different types of phytosterols. High concentrations of the phytosterols are found naturally in the vegetable oils, beans, and nuts. The chemical structure of phytosterols is similar to that of cholesterol. The difference between the two is the blood absorption levels.
Global Phytosterols Market: Segmentation
The phytosterols market is globally segmented into its type, application, and region. On the basis of type, the global market is segregated into campesterol, avenasterol, brassicasterol, cycloartenol, beta-sitosterol, stigmasterol, ergosterol, and lupeol. Based on the application, the market is categorized into pharmaceuticals, feed, food, cosmetics. Geographically, the phytosterols market is diversified into regions such as North America, Asia-Pacific, Europe, and Rest of the World.
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Global Phytosterols Market: Growth Factors
The key factor that is driving the phytosterols market growth is the increasing application of the product across various industries. The various end user industries where the phytosterols are used include food and beverages, pharmaceuticals, and cosmetics. Phytosterols are being widely used as food ingredients, hence increasing its demand in the food and beverage industry. Owing to the health requirements the manufacturers of the foods and the consumers are having increased demand for the phytosterols. There is a high demand for the phytosterols in the pharmaceutical industry.
The consumption of phytosterols decreases the risk of heart diseases, hence fueling its demand in the global market. The factor that there is an increase in the population that is suffering from coronary heart diseases is increasing the demand. The use of phytosterols is increasing in the cosmetic industry. The increasing awareness among the people and the rise in the disposable income is contributing to the market growth.
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Global Phytosterols Market: Regional Analysis
The region that dominated the phytosterols market is Europe. The factor that attributed this growth in the European region is the wide range of application of the phytosterols across the end-use industries such as food and beverages, pharmaceuticals, and cosmetics. The increasing cases of the coronary heart diseases in the regions such as Europe and North America are fueling the demand for the phytosterols in the market. The increased population that is obese is another factor that is driving the market growth. As phytosterols are considered as the cholesterol reducing agents they are in huge demand in the North American market. The Asia Pacific region is also contributing a good share in the market growth of phytosterols.
Global Phytosterols Market: Competitive Players
The major market players in the phytosterols market include Raisio Plc., Bunge Limited, Pharmachem Laboratories, Inc., Cargill Inc., Arboris, LLC, Gustav Parmentier GmbH., BASF SE, DuPont, ADM, and HyPhyto Inc.
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