Phytosterols Market Size By Product (Beta-Sitosterol, Campesterol, Stigmasterol), By Application (Pharmaceuticals, Food Ingredients, Cosmetics), Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Sep 2016  |  Report ID: GMI776  |  Authors: Kunal Ahuja, Shreya Deb

Report Format: PDF   |   Pages: 170   |   Base Year: 2016




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Phytosterols Market size was over USD 530 million in 2016 and may expect consumption at over 40 kilo tons up to 2024. 
 

Germany Phytosterols Market, By Application, 2017 & 2024, (Kilo Tons)

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Increasing incidences of cardiovascular diseases owing to alteration in dietary patterns along with rise in unhealthy eating habits is likely to encourage phytosterols market share. Changing consumer perceptions towards healthy lifestyles and rise in cardiovascular health issues may trigger overall market share.
 

Excessive consumption of alcohol, smoking habits & junk food intake causes imbalance in nutritional requirements and has led to rise in various diseases including obesity, diabetes, and cardiac diseases, thereby leading to high nutraceutical market demand in the European region. As of 2017, approximately 6 million new cases of CVD were registered in the EU, while over 11 million cases were registered in Europe together. With almost 49 million cases of CVD in EU costs over USD 260 billion in their economics. Smoking, alcohol consumption, high levels of blood cholesterol, prevalence of overweight or obesity and diabetes are the major factors causing rise in CVD.
 

They are widely used as active cosmetic ingredient in lipstick and creams. Growing consumer demand for internal ingesting products including pills, capsules, beverages or tablet form which may balance internal health along with skin care may augment industry growth. Europe’s cosmetics market size was valued at over USD 95 billion in 2016 on account of increasing numbers of regional small and medium enterprises (SME’s) manufacturing cosmetics.
 

Increase in consumer consciousness towards weight loss and calorie reduction mainly in China, India, Japan, and Australia should drive industry growth over the forecast timeframe. Shift in inclination towards lifestyle change with rising preferences for healthy consumption pattern are the major contributing factors driving Asia Pacific nutraceutical market size. Japan nutraceutical market size accounted for over 22% of the global market share in 2016. Rise in geriatric population accompanied with consumer spending on healthcare products and medicines have enhanced the nutraceutical industry growth in the Asia Pacific region.
 

Inadequacy & lack of awareness about intrinsic health benefits of phytosterols in consumer owing to inefficient marketing and knowledge might hamper the overall industry growth. Lack of support from government regarding product promotion is impeding market demand.
 

Phytosterols Market Report Coverage
Report Coverage Details
Base Year: 2016 Market Size in 2016: 530 Million (USD)
Historical Data for: 2013 to 2016 Forecast Period: 2017 to 2024
Pages: 170 Tables, Charts & Figures: 203
Geographies covered (20): U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Poland, China, India, Japan, Indonesia, Malaysia, Thailand, Australia, Brazil, South Africa, Saudi Arabia, UAE
Segments covered: Product, Application, and Region
Companies covered (15): Arboris, LLC, Archer Daniels Midland Business (ADM), Cargill, Inc., Enzymotec Ltd., Lipofoods, Forbes Medi-Tech Corp., Phyto-Source, L.P., PrimaPharm B.V., ;, Raisio Group, Triple Crown AB, DuPont Danisco, BASF Cognis, Eugene Science, Inc., Fenchem Enterprises Ltd., ;, Dérivés Résiniques et Terpéniques (DRT),
Growth Drivers:
  • Favorable regulatory outlook
  • High incidence of heart diseases
  • Growth of food & beverage industry
Pitfalls & Challenges:
  • Substitute threat from other functional food ingredients
  • Lack of consumer awareness

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Phytosterols Market, By Product

Campesterol market demand was valued at over USD 150 million in 2016. They are widely utilized in manufacturing nutraceuticals & pharmaceuticals for cardiovascular diseases and high blood pressure. Increasing concern about growing number of cardiac patients, with increasing cardiovascular diseases cases while mortality rate decreases, thereby drive industry growth.
 

Beta-sitosterol market size may grow significantly at around 8.5% up to 2024. It is widely used in manufacturing generic supplements to prevent disease such as colon cancer, gallstones, influenza, arthritis, allergies, asthma, bronchitis, and tuberculosis. It has antinociceptive effects & reduces the risk of hyperalgesia and edema. It is also widely used in medicinal application of preparing anti-depressants. Rising consumer inclination and changing perceptions towards the use of everyday supplements may foster market share. It can be delivered in various delivery forms such as tablets, capsules, & powders and is clinically safe for children which may boost market share.
 

Phytosterols Market, By Application

Phytosterols market demand from cosmetic application may register gains close to 8.5% up to 2024. Changing consumer perception towards high quality and natural cosmetics owing to rising awareness on side effects of chemical enriched cosmetics may trigger market demand. They are compatible with different natural extracts such as saffron, aloe vera, & honey and are widely used in manufacturing lotions, creams, and moisturizers. Rising geriatric population and changing consumer outlook towards anti-aging products may foster market shar.
 

Food ingredients application market is poised to exceed USD 500 million over the foreseeable timeframe. Changing consumer outlook & growing reinforcement of foods with herbal extracts, vitamins, and minerals has encouraged manufacturers to create a more conductive environment for incorporation in foods and beverages. They are utilized in a variety of food products such yogurts, spreads, sausages, cold cuts, margarine, and bakery products. Supportive government affiliation towards their use as additives to fulfil nutritional requirements may foster market share.
 

Regional Insights

North America phytosterols market size, driven by the U.S. and Canada may register significant growth over 8.5% by 2024. Rising cases of obesity among children’s and adolescents in the U.S. is increasing focus on weight loss and weight management programs. Increasing interests in preventive measures towards healthy lifestyle is propagating consumers to adopt diets which promotes overall wellbeing & health which may encourage product demand in the region.
 

Europe driven by Germany, France, and UK phytosterols market demand surpassed USD 230 million in 2016. Changing consumer outlook and favourable regulatory support aimed for the growth of naturally derived ingredients in food & beverage industry may foster regional market share. European Union approved the horizon strategy 2020 which aims to develop & encourage eco-naturally sourced and eco-friendly products. This strategy is anticipated to boost the regional demand.
 

Asia Pacific led by India, Japan, and China phytosterols market size was valued at over USD 100 million in 2016 on account of rising disposable income and changing consumer perception towards naturally derived cosmetics product. In addition, rising awareness on side effects of chemically derived cosmetics such as acne and premature aging is increasing consumer inclination towards organic cosmetics which may augment market share.
 

Competitive Market Share

Market share is highly competitive which demands increasing investment in R&D with major industry players such as Raisio Group, DuPont Danisco, BASF Cognis, Fenchem, Arboris LLC, ADM, Cargill, and Arboris. Manufactures are engaged in manufacturing new products and developing new extraction techniques under stringent regulations to diversify product portfolio and widen geographical presence.
 

Industry Background

They encompass of sterols which occur in plant and vary only in carbon side chains. These are used in cosmetics and pharmaceutical applications as it aids in reducing oxidative and inflammatory stress. FDA states that food containing at least 0.65 gram of phytosterols, eaten twice daily reduces the risk of heart disease. Manufacturers are trying to extract from divergent natural sources to reduce side effects and manufacturing cost which may trigger market share.


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