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Phytosterols Market Size by Product (Beta-Sitosterol, Campesterol, Stigmasterol), By Application (Pharmaceuticals, Food ingredients, Cosmetics), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI776
  • Published Date: Jan 2021
  • Report Format: PDF

Phytosterols Market Size

Phytosterols market size exceeded USD 780 million, in 2020 and is estimated to grow at over 9% CAGR between 2021 and 2027. Rising incidences of coronary heart disease, and cancer owing to transformation in dietary patterns along with increase in unhealthy habits is likely to drive phytosterols industry size.
 

Phytosterols market

To understand key trends  

Phytosterols has similar chemical structure as cholesterol which helps in restricting bad cholesterol absorption in intestine and replaces it with plant sterols which helps in reducing high cholesterol levels and prevent coronary heart diseases. Increasing adoption in cosmetics industry in skin creams, sun care lotion and antiaging products should fuel product demand. Phytosterols also used for as Nutra-cosmeceutical for internal treatment of skin to exhibit antiaging effect and enhance skin quality. Furthermore, growing consumer awareness regarding personal care along with growing economic standards is projected support market demand for phytosterols.
 

Phytosterols Market Analysis

Global phytosterols market from food ingredients application is set to register more than 9 % CAGR through 2027 owing to change in lifestyle of individuals and increasing number of health-conscious people. Phytosterols finds application in functional foods and nutraceuticals to reduce LDL level along overall health and weight management. In addition to these, Phytosterols are the group of compounds for plant derived stanols and sterols which are found in fatty tissues of the plants. These compounds have similar chemical structure to cholesterol.
 

It is widely used to reduce the LDL cholesterol level owing to its ability to reduce cholesterol absorption in the small intestine. Rising incidences of heart diseases owing to unhealthy eating habit along with changes in lifestyle has promoted functional food demand fortified with phytosterols. It is also masks the bitterness of the products and hence reduce the amount of sugar and imparts a pleasant taste. Moreover, phytosterols are recognized as safe for human consumption in regulatory policies which is likely stimulate phytosterols market outlook.
 

Global Phytosterols Demand From Beta

To understand key trends  

Global phytosterols demand from beta - sitosterol product is likely to exceed USD 960 million by 2027 owing to increasing beta-sitosterol in pharmaceutical industry especially in medicines which is use for treating prostate disorders. Beta sitosterol is utilized in medications for lower urinary tract symptoms, minimizing cholesterol level, colon cancer, migraine, allergies, and heart disease treatment. Moreover, phytosterols are also used in animal feed to increase the feed efficiency especially in poultry diets and shrimp feed. Growing demand for animal protein and meat diet is expected to drive the product demand in forecast period and should support phytosterols market statistics across the globe.
 

Global Phytosterols Market

To understand key trends  

Global phytosterols market from cosmetic application is likely to exceed USD 135 million by 2027 owing to increasing consumer spending on personal care along with growing awareness about one’s look and skin quality. Phytosterols holds an excellent anti- inflammatory and sun protection properties hence are highly used in antiaging and sun protection products. It is mainly extracted from soy, corn oil, bran and various other vegetable plants by innovative technological processes. They are usually used between concentrations of 0.2% - 5%. These materials have restoring and rejuvenating effects when applied to aged skin. Major skincare product exporting countries include France, U.S. South Korea & Germany accounting for major share of product demand from cosmetic industry. Antiaging skincare product has massive demand owing to increasing ageing population in the countries like Japan. These listed factors are fueling the phytosterols industry share growth.
 

 Phytosterols By North America Market

To understand key trends  

North America phytosterols market size should surpass USD 445 million by 2027 owing to increasing demand for nutraceutical and its numerous applications in the pharmaceutical industry.  Phytosterols help reduce blood cholesterol levels along with imparting anticancer and prostrate cure remedy. Plant sterols has similar chemical structure as cholesterol which reduces bad cholesterol absorption in intestine thereby reducing blood cholesterol result. These compounds are not biologically synthesized in the body and need to be externally taken through food source of fortified food products.
 

Growing awareness regarding consumer health consciousness along with therapeutic benefits of phytosterols will favor industry landscape. U.S. FDA has issued an interim final rule authorizing a health claims for plant sterol and sterol esters for coronary heart disease. In addition to these, Canadian Food Inspection agency (CFIA) and Health Canada has approved phytosterol content in food products. These regulatory norms should increase incorporation of phytosterols in the fortified food products thereby stimulating the regional market trends.
 

Phytosterols Market Share

Global phytosterols market is fragmented, and key players include

  • The Unilever Group
  • Triple Crown
  • DuPont
  • Fenchem
  • Arboris LLC
  • BASF Cognis
  • DRT
  • ADM
  • Cargill Inc.
  • Wilmar Spring Fruit Nutrition Products Co., Ltd.
  • Raisio Group
  • Lipofoods
  • ConnOils, LLC
  • PrimaPharma
  • Vitae Naturals

Other small players and emerging players are showing interest in the market owing to its wide range of application in various end- use industries such as pharmaceutical, food and cosmetics. Additionally, industry players are also aiming to enhance its products offering by several mergers, and acquisition activities.
 

For instance, On 11th June 2019 Raisio Group has invested USD 55 million in the growth of healthy foods along with plant- based added value products. Through this investment the company has strengthen its market position in the European Market.
 

On 5th February 2019 ADM has completed its acquisition with Ziegler Group which is one of the leading European industry players in phytosterols market.  By this acquisition, the company has enhanced its nutrition portfolio and product penetration in the market.
 

Global Phytosterols market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Tons) and revenue in USD million from 2016 to 2027 for the following segments:

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By Application

  • Food Ingredients
  • Pharmaceuticals
  • Cosmetics

By Product

  • β-sitosterol
  • Campesterol
  • Stigmasterol
  • Others

The above information has been provided for the following regions:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Poland
  • Asia Pacific
    • China
    • Japan
    • India
    • Malaysia
    • Thailand
    • Indonesia
    • Australia
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global market for phytosterols had reached USD 780 million in 2020 and is anticipated to expand at more than 9% CAGR up to 2027 with the gradual change in dietary preferences among consumers.
The share of phytosterols industry from food ingredients applications could record around 9% CAGR between 2021-2027 owing to a rise in the number of health-conscious consumers.
Phytosterols market share from beta-sitosterol product segment will grow to over USD 980 million by 2027 due to increased demand from the pharmaceutical sector to make prostate disorder medicines.
The North America phytosterols industry share is projected to exceed USD 445 million by 2027 with the surge in consumption of pharmaceutical and nutraceutical products.

Phytosterols Market Scope

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 15
  • Tables & Figures: 231
  • Countries covered: 20
  • Pages: 190
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