Improving technological advancements caused a rising demand for phytosterols in commercial extraction-based processes. In recent times, the demand for phytosterols has notably increased across developed countries owing to high incidences of heart diseases. In spite of showing a similar structure to cholesterols, phytosterols have cholesterol lowering properties. This is a major factor fuelling the global phytosterols market among several regions with high prevalence of obesity, which is a primary cause of heart diseases.
However, as per Transparency Market Research (TMR), the phytosterols market is yet to establish a strong footprint across developing countries. The inadequate awareness about the intrinsic health benefits of phytosterols limits scope for the market’s growth across these regions.
As per expert analysts from TMR, the global phytosterols market had accumulated revenue worth US$473.8 in 2014. This revenue is expected to gain valuation worth US$926.7 mn by 2021. According to the experts, the global phytosterols market is anticipated to expand at a splendid CAGR of 10% during the forecast period from 2015 to 2021.
The phytosterols market is mainly segmented on the basis of product type, application, and geography. By product type, the market is mainly segmented into B-sitosterol, campesterol, stigmasterol, and others. Whereas, under application criteria, food ingredients, pharmaceuticals, and cosmetics are key segments present in the global phytosterols market.
With respect to product type, the Β-sitosterol segment held a leading segment in recent times in the global phytosterols market. Moreover, this segment is expected to remain a leader in the market leader even in the future. Besides Β-sitosterol, campesterol hold a runners-up position in the market, and also is prophesized to maintain its position during the forecast period.
Under applications, the food ingredients segment holds a dominant position in the global phytosterols market. This is mainly due the compounds being used in large amounts to manufacture food ingredients in different domains. The demand from food ingredients segment accounted for over 50.45% of the market in 2014. Moreover, phytosterols also provide a key advantage in the form of reducing cholesterol levels. This could certainly fuel demand for the food ingredients segment as the production for healthy foods is increasing by the day. Several manufacturers operating in the food and beverages industry are including phytosterols in many of their food products to cater to their consumers’ health requirements.
Contrary to food ingredients, the global phytosterols market is expected to showcase the pharmaceuticals segment also maintain a leading position in the market at a high rate. An increasing awareness among consumers about the benefits of phytosterols in reducing the risk of heart diseases is fuelling demand from the segment.
Besides this, the cosmetics industry is a niche segment in the global phytosterols market. However, the demand from this segment is also expected to rise in the forthcoming years. The rising disposable income of consumers also is expected to bolstering use of phytosterols in the cosmetics industry.
The global phytosterols market is spread across North America, South America, Asia Pacific, the Middle East and Africa, and Europe. Europe was the largest market for phytosterols and is projected to remain the market leader during the forecast period. North America held the second position in terms of market share. The market shares of Asia Pacific are comparatively less but are expected to witness a rapid growth in the future. Furthermore, the incidence of heart ailments is expected to increase in India and China, thereby escalating phytosterols demand from these countries in Asia Pacific.
The global phytosterols market depicts the presence of high competition by some major players. Partnerships, expansions, mergers and acquisitions, are some of the main strategies adopted by the companies to strengthen their presence in the global phytosterols market. Archer Daniels Midlands Co., BASF SE, Bunge Ltd., Cargill Inc., E.I. DuPont De Nemours, Pharmachem Laboratories are some of the major players operating the global phytosterols market.
Chapter 1 Preface
1.1 Report Description
1.2 Market segmentation
1.2.1 Global phytosterols market segmentation, by product type, application and by geography
1.3 Research scope
1.4 Research Methodology
Chapter 2 Executive Summary
2.1 Global phytosterols market revenue and volume, 2014 - 2021 (USD Million and Million Tons)
2.2 Global phytosterols market snapshot
Chapter 3 Global Phytosterols Market - Industry Analysis
3.1 Introduction
3.2 Market Drivers
3.2.1 Drivers for Phytosterols Market: Impact Analysis
3.2.2 Rising incidence of deaths due to cardiovascular diseases
3.2.3 Health benefits offered by phytosterols
3.2.4 Variety of end-use applications
3.2.5 Regulating bodies approving the usage of phytosterols
3.3 Market Restraints
3.3.1 Restraints for the Global Phytosterols Market: Impact Analysis
3.3.2 Lack of awareness in developing countries
3.3.3 Availability of similar functional products
3.4 Market Opportunities
3.4.1 Technological advancement
3.4.2 Growth potential in developing regions
3.5 Market Trend Analysis
3.6 Value Chain Analysis
3.7 Market Attractiveness Analysis
3.8 Key players in the global phytosterols market
Chapter 4 Global Phytosterols Market by Product Type, 2015–2021
4.1 Overview
4.2 B-sitosterol
4.3 Campesterol
4.4 Stigmasterol
4.5 Others
Chapter 5 GlobalPhytosterols Market Analysisby Application, 2014–2021
5.1 Overview
5.2 Food Ingredients
5.3 Pharmaceuticals
5.4 Cosmetics
Chapter 6 Global Phytosterols Market Analysis by Geography, 2015–2021
6.1 Overview
6.2 North America
6.2.1 North America Phytosterols Market Revenue/Volume, by Product Type (2014–2021) (USD Million/Million Tons)
6.2.2 North America Phytosterols Market Revenue and Volume, by Country (USD Million/Million tons)
6.2.3 U.S.
6.2.4 Canada
6.2.5 Mexico
6.3 Europe
6.3.1 Europe Phytosterols Market Revenue/Volume, by Product Type (2014–2021) (USD Million/Million Tons)
6.3.2 Europe Phytosterols Market Revenue and Volume, by Country (USD Million/Million Ton)
6.3.3 U.K.
6.3.4 Germany
6.3.5 France
6.3.6 Italy
6.3.7 Rest of Europe
6.4 Asia Pacific
6.4.1 Asia Pacific Phytosterols Market Revenue/Volume, by Type (2014–2021) (USD Million/ Million Tons)
6.4.2 Asia Pacific Phytosterols Market Revenue/Volume, by Country (2014–2021) (USD Million/Million Tons)
6.4.3 India
6.4.4 China
6.4.5 Japan
6.4.6 Rest of APAC
6.5 Rest of the World (RoW)
6.5.1 Rest of the World Phytosterols Market Revenue/Volume, by Type (2014–2021) (USD Million/Million Tons)
6.5.2 Rest of the World Phytosterols Market Revenue/Volume, by Country (2014–2021) (USD Million/Million Tons)
6.5.3 Latin America
6.5.4 Middle East
6.5.5 Africa
Chapter 7 Company Profiles
7.1 Archer Daniels Midlands Co.
7.2 BASF SE
7.3 Bunge Ltd
7.4 Cargill Incorporated
7.5 Pharmachem Laboratories
7.6 Unilever plc
7.7 E.I. DuPont De Nemours
7.8 Raisio plc
7.9 Arboris LLC
7.10 Triple Crown AB
List of Tables
TABLE 1 Global phytosterols market snapshot
TABLE 2 North America Phytosterols Market Revenue, by Product Type, 2014–2021 (USD Million)
TABLE 3 North America Phytosterols Market Volume, by Product Type, 2014–2021 (Million Tons)
TABLE 4 North America Phytosterols Market Revenue, by Application, 2014–2021 (USD Million)
TABLE 5 North America Phytosterols Market Volume, by Application, 2014–2021 (Million Ton)
TABLE 6 Europe Phytosterols Market Revenue, by Product Type, 2014–2021 (USD Million)
TABLE 7 Europe Phytosterols Market Volume, by Product Type, 2014–2021 (Million Tons)
TABLE 8 Europe Phytosterols Market Revenue, by Application, 2014–2021 (USD Million)
TABLE 9 Europe Phytosterols Market Volume, by Application (Million Tons), 2014–2021
TABLE 10 Asia Pacific Phytosterols Market Revenue, by Product Type, 2014–2021 (USD Million)
TABLE 11 Asia Pacific Phytosterols Market Volume, by Product Type, 2014–2021 (Million Tons )
TABLE 12 Asia Pacific Phytosterols Market Revenue, by Application (USD Million)
TABLE 13 Asia Pacific Phytosterols Market Volume, by Application (Million Tons)
TABLE 14 Rest of the World Phytosterols Market Revenue, by Product Type, 2014–2021 (USD Million)
TABLE 15 Rest of the World Phytosterols Market Volume, by Product Type, 2014–2021 (Million Tons)
TABLE 16 Rest of the World Phytosterols Market Revenue, by Application (USD Million)
TABLE 17 Rest of the World Phytosterols Market Volume, by Application (Million Tons)
List of Figures
FIG. 1 Global phytosterols market segmentation, by product type, application and geography
FIG. 2 Global phytosterols market revenue and volume, 2014 - 2021 (USD Million and Million Tons)
FIG. 3 Global Phytosterols Market: Supply Chain Analysis
FIG. 4 Global Phytosterols Market-Market attractiveness analysis by product type (2014)
FIG. 5 Global Phytosterols Market: Share by Product Type, 2014 and 2021 (Value %)
FIG. 6 Global β-sitosterols Market: Value and Volume, 2014–2021 (USD Million and Million Tons)
FIG. 7 Global Campesterol Market: Value and Volume, 2014–2021 (USD Million and Million Tons)
FIG. 8 Global Stigmasterol Market: Value and Volume, 2014–2021 (USD Millionand Million Tons)
FIG. 9 Global Others Market: Value and Volume, 2014–2021 (USD Million and Million Tons)
FIG. 10 Global Phytosterols Market: Revenue Share by Application, 2014 and 2021 (Value %)
FIG. 11 Global Food Ingredients in Phytosterols Market: Value and Volume, 2014–2021 (USD Million and Million Tons)
FIG. 12 Global Pharmaceuticals in Phytosterols Market: Value and Volume, 2014–2021 (USD Million and Million Tons)
FIG. 13 Global Cosmetics in Phytosterols Market: Value and Volume, 2014–2021 (USD Million and Million Tons)
FIG. 14 Global Phytosterols Market, Share by Geography, 2014 and 2021 (Value %)
FIG. 15 North America Phytosterols Market, Revenue and Volume 2014–2021 (USD Million and Million Tons)
FIG. 16 U.S. Phytosterols Market Revenue and Volume (USD Million/Million Tons)
FIG. 17 Canada Phytosterols Market Revenue and Volume (USD Million/Million Tons)
FIG. 18 Mexico Phytosterols Market Revenue and Volume (USD Million/Million Tons)
FIG. 19 Europe Phytosterols Market, Revenue and Volume, 2014–2021 (USD Million/Million Tons)
FIG. 20 U.K. Phytosterols Market Revenue and Volume (USD Million/Million Tons)
FIG. 21 Germany Phytosterols Market Revenue and Volume (USD Million and Million Tons)
FIG. 22 France Phytosterols Market Revenue and Volume (USD Million and Million Tons)
FIG. 23 Italy Phytosterols Market Revenue and Volume (USD Million and Million Tons)
FIG. 24 Rest of Europe Phytosterols Market Revenue and Volume (USD Million and Million Tons)
FIG. 25 Asia Pacific Phytosterols Market Revenue and Volume, 2014–2021 (USD Million/Million Tons)
FIG. 26 India Phytosterols Market Revenue and Volume, 2014–2021 (USD Million/Million Tons)
FIG. 27 China Phytosterols Market Revenue and Volume, 2014–2021 (USD Million/Million Tons)
FIG. 28 Japan Phytosterols Market Revenue and Volume, 2014–2021 (USD Million/Million Tons)
FIG. 29 Rest of APAC Phytosterols Market Revenue and Volume, 2014–2021 (USD Million/Million Tons)
FIG. 30 Rest of the World Phytosterols Market Revenue and Volume, 2014–2021 (USD Million/Million Tons)
FIG. 31 Latin America Phytosterols Market Revenue and Volume, 2014–2021 (USD Million/Million Tons)
FIG. 32 Middle East Phytosterols Market Revenue and Volume, 2014–2021 (USD Million/Million Tons)
FIG. 33 Africa Phytosterols Market Revenue and Volume, 2014–2021 (USD Million/Million Tons)