The global market for phytosterols is
expected to reach USD 989.8 million by 2020, according to a new study by
Grand View Research, Inc. Phytosterols are widely used as additives in
food products such as dairy, sausages, cold cuts, etc. One of the major
drivers for the growth of phytosterols market is the favorable
regulatory scenario, promoting their use in functional foods and
nutraceuticals. In addition, proven ability of phytosterols, to reduce
cardiovascular disorders is also expected to have positive impact on
market demand. Increasing prevalence of coronary heart diseases is
further expected to augment the demand for phytosterols over the next
six years.
Food ingredients were the largest
application segment for phytosterols, accounting for close to 25,000
tons of global demand in 2013. Increasing consumption of functional
foods and beverages in North America and Europe and rising awareness of
phytosterols in these regions is expected to play a major role in the
development of the application. Pharmaceuticals were the second largest
application segment, with market demand exceeding 19,354.0 tons in 2013.
The report “Phytosterols Market Analysis
By Application (Pharmaceutical, Cosmetics, Food Ingredients), By
Product (Beta-Sitosterol, Campesterol, Stigmasterol, Ergosterol) And
Segment Forecasts To 2020,” is available now to Grand View Research
customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/phytosterols-market
Further key findings from the study suggest:
• The global phytosterols demand was
49,299.6 tons in 2013 and is expected to reach 80,535.9 tons in 2020,
growing at CAGR of 7.2% from 2014 to 2020.
• Europe was the largest regional market for phytosterols, with revenue estimated at USD 292.8 million in 2013. Favorable regulatory scenario in this region is expected to propel market growth. In addition, Europe is also expected to witness fastest growth, at an estimated CAGR of 8.8% from 2014 to 2020.
• North America and Asia Pacific phytosterol demand is expected to grow at an estimated CAGR of 6.6% and 6.3% from 2014 to 2020, respectively.
• In 2013, beta-sitosterol accounted for the largest market share of 65.48% and is expected to witness fastest demand growth, at an estimated CAGR of 7.4% from 2014 to 2020. Its use in a wide range of medical applications such as prevention from colon cancer, cervical cancer etc. is expected to boost its demand over the next six years.
• The global market for phytosterols is oligopolistic in nature and is dominated by three companies including ADM, Cognis-BASF and Raisio Life Sciences.
• Europe was the largest regional market for phytosterols, with revenue estimated at USD 292.8 million in 2013. Favorable regulatory scenario in this region is expected to propel market growth. In addition, Europe is also expected to witness fastest growth, at an estimated CAGR of 8.8% from 2014 to 2020.
• North America and Asia Pacific phytosterol demand is expected to grow at an estimated CAGR of 6.6% and 6.3% from 2014 to 2020, respectively.
• In 2013, beta-sitosterol accounted for the largest market share of 65.48% and is expected to witness fastest demand growth, at an estimated CAGR of 7.4% from 2014 to 2020. Its use in a wide range of medical applications such as prevention from colon cancer, cervical cancer etc. is expected to boost its demand over the next six years.
• The global market for phytosterols is oligopolistic in nature and is dominated by three companies including ADM, Cognis-BASF and Raisio Life Sciences.
For the purpose of this study, 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
About Grand View Research
• 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
About Grand View Research
Grand View Research, Inc. is a market
research and consulting company that provides off-the-shelf, customized
research reports and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from
technology to chemicals, materials and energy. With a deep-seated
understanding of varied business environments, Grand View Research
provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Email: sales@grandviewresearch.com
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