Market Size of North America Phytosterols Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.10 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Phytosterols Market Analysis
North America Phytosterols market forecasted to reach USD 312.02 million by 2025growing at a CAGR of 8.1% during the forecast period.
- In the North America region, the United States leads the phytosterol market, due to the high population and increase in heart diseases at an alarming rate. The US Food and Drug Administration has given the GRAS (generally recognized as safe) status to the addition of plant sterols in food products.
- The government regulatory divisionin North Americasuch asHealth Canada and the Canadian Food Inspection Agency (CFIA) is actively promoting the use of phytosterols in the food productsin the region bysetting parameters for products having more than 1.0 g phytosterol in the product.