Transparency
Market Research (TMR) has announced the addition of a new market
study on the global phytosterols market. The report is titled
“Phytosterols Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2021.”According to the report,
the global phytosterols market, which was valued at US$473.8 mn in
2014, which is expected to reach US$926.7 mn by 2021, expanding at a
10.0% CAGR between 2015 and 2021. In terms of volume, the global
phytosterols market was valued at 17.99 mn tons in 2014 and
is expected to increase to 32 mn tons by 2021 expanding at a CAGR
8.6% during the forecast period.
Phytosterols,
or plant sterols, are found in cell membranes of plants and are
structurally similar to cholesterol in human body. While cholesterols
get absorbed in the blood and increase the level of cholesterol in
human bodies, phytosterols are not absorbed by the body. In fact,
phytosterols prevent cholesterol from being absorbed by the body,
thus reducing the level of triglyceride in the human body.
The
rising incidences of deaths due to cardiovascular diseases are one of
the prime drivers of the phytosterols market. A large number of
people living in developed regions such as Europe and North America
suffer from coronary heart diseases. This is acting as a major factor
propelling the phytosterols market as phytosterols block the
absorption of cholesterol, which is one of the leading causes of
coronary heart diseases.
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The
global phytosterols market faces many challenges, one of them being
the lack of awareness about the health benefits of phytosterols among
the people living in China, India, and other developing countries.
The lack of government support is also hampering the growth of the
global phytosterols market. The availability of omega-3 fatty acids
is affecting the global phytosterols market adversely.
The
global phytosterols market is segmented on the basis of product,
application, and geography. On the basis of region, the market is
segmented into North America, Europe, Asia Pacific, and the Rest of
the World. Of these, Europe dominated the market in 2014, accounting
for a share of 40% in the global phytosterols market. North America
was the second-largest market for phytosterols in 2014, but the Rest
of the World is expected to be the fastest growing market between
2015 and 2021.
On
the basis of product, the market is segmented into stigmasterol,
B-sitosterol, campesterol, and others. Of these, the B-sitosterol
segment held the largest share in the global phytosterols market.
Campesterol accounted for the second-largest share in the global
market and is expected to continue to witness significant growth in
the coming years. The growth of the campesterol segment is expected
due to the anti-inflammatory properties of campesterol.
The
report profiles the leading vendors operating in the global
phytosterols market such as Raisio plc, Archer Daniels Midlands Co,
BASF SE, Cargill Inc, Bunge Ltd, Arboris LLC, and Pharmachem
Laboratories.
The
market has been segmented as follows:
Product
- B-sitosterol
- Campesterol
- Stigmasterol
- Others
Application
- Food Ingredients
- Pharmaceuticals
- Cosmetics
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