Market Size of Asia-Pacific Phytosterols Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 9.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Phytosterols Market Analysis
Asia-Pacific Phytosterols market is forecasted to reach USD 127.32 million by 2025growing at a CAGR of 9.8% during the forecast period (2020- 2025).
- The Asia-Pacific region is emerging as the world’s major growing market for phytosterol fortification, where China is leading, given the country’s focus on soy-based foods and the rising incidences of heart health diseases.The rising concerns about genetic modification issues with the US soy products are driving demand for Asian-sourced soy-based phytosterol.
- To spread awareness and expand the usage of phytosterol, regional governments are taking actions for the development of the ingredient, for instance, South Australia has agreed to export more dairy products infused with phytosterol to India.