Phytosterols Market size to exceed $1,450mn by 2027
Published Date: January 15, 2021 Authors: Kunal Ahuja, Kritika Mamtani
Phytosterols Market size is set to surpass USD 1,450 million by 2027, according to a new research report by Global Market Insights, Inc.
Phytosterol-containing cosmetics exhibits strong UV protection accompanied with its anti-inflammatory effects which helps in treatment of atopic eczema and protects baby skin. Phytosterols are widely used in cosmetics mainly for their free and ester form since, it helps in increasing emulsion stability and avoids recrystallization of the product. These compounds are widely used in anti-ageing creams and sun care lotions. Increasing usage in as nutricosmetics along with companies engaged in product launch fortified with cosmeceuticals should drive phytosterol market statistics.
Growing demand for healthy eatables accompanied with increasing investment in research may drive regional product demand. Manufacturers have also increased their phytosterol-fortified hair care product range. Japanese companies are launching new phytosterol range such as Burdock Oil containing plant sterols. Additionally, in Australia companies like Coca-Cola are seeking government approval for addition of these products in juices. These initiatives may promote product demand thereby contributing towards phytosterol industry growth.
Growing Usage of Phytosterols For Manufacturing Generic Supplements Should Propelling the Market Demand from Stigmasterol Segment
Global phytosterols market from stigmasterol segment is projected to gain over 6% CAGR in the forecast period, owing to its excellent anti-inflammatory and antifungal properties that helps to heal wound. Further, it is also used as precursor in the manufacture of semisynthetic progesterone which is a human hormone that plays an important physiological role in regulatory and tissue rebuilding mechanism related to estrogen effect. Moreover, recent research has proven it to be useful in prevention of certain cancers, including prostate, ovarian, breast and colon, thus offering higher phytosterols market capturing ability.
Stigmasterol is mainly used in treatment of high cholesterol thus making the pharma industry a major consumer of this product. The plant sterol works by reducing the absorption of cholesterol in the intestine by about 50%. This mechanism of action leads more being excreted and less circulating in the bloodstream. It is also used as ingredient in medicines targeted towards prostate health. Additionally, these products are also used in fortified foods and OTC products to treat cold flu, asthma hair loss gallstones and relieving symptoms of menopause. These above listed reasons are stipulating towards phytosterols market demand.
Browse key industry insights spread across 190 pages with 196 market data tables and 36 figures & charts from the report, “Phytosterols Market Statistics by Product (Beta-Sitosterol, Campesterol, Stigmasterol), Application (Pharmaceuticals, Food ingredients, Cosmetics), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Escalating Product Usage in Drugs & Medicine Manufacturing Owing to Associated Benefit to Spur the Market Demand from Pharmaceutical Application
Phytosterols industry from pharmaceutical application is anticipated to be the fastest growing product segment with CAGR of over 9.5% up to 2027. Phytosterols has potential application in cosmeceuticals owing to high antioxidant content which is used to treat dermatitis and should stimulate healing process which should support the market growth across the globe. Phytosterols evidently inhibits the production of carcinogens and cancer cells along with prevention of cardiovascular disease. Phytosterol consumption can reduce cancer risk approximately by 50%. Further, phytosterols such as beta sitosterol helps to reduce blocks production of dihydrotestosterone which triggers prostate enlargement and reduces the growth of prostate cancer cell formation. Growing research toward therapeutic benefits of phytosterols is likely to favor the growth of phytosterols market which is anticipated to remain significant over the forecast period.
“Phytosterols market from pharmaceutical application is stipulated to exceed USD 610 Million by 2027, pertaining to rise in pharmaceutical sector coupled with increasing research and development activities”
Asia Pacific Market Is Gaining Traction Owing to Increasing product usage in fortified foods which offer health benefits
Asia Pacific market is anticipated to exceed over USD 260 million in the forecast period pertaining to rising consumer awareness to maintain a disease free and healthy lifestyle. Robust change in consumer lifestyle coupled with increasing preferences towards healthy eating habits are the major factors driving Asia Pacific phytosterols market size. Increasing consumer awareness of fitness and health is expected to boost demand for functional food and subsequently should drive regional market statistics.
“Phytosterols industry form Asia Pacific is likely to register over 9% CAGR between 2021 and 2027, pertaining to growing demand for functional food and beverage by millennials.”
Prominent players operating in the market are also investing in research and development activities as it has exponential demand for fortified and functional food owing change in eating habits of individuals and hectic lifestyle. The key players operating in the phytosterols market are Lipofoods, ConnOils, LLC, ADM, PrimaPharma, Raisio Group, DuPont, BASF Cognis, DRT, Fenchem, Arboris LLC, Cargill Inc., The Unilever Group, Vitae Naturals, and Triple Crown.
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