Market Size of Phytosterols Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Phytosterols Market Analysis
The global phytosterols market is expected to register a CAGR of 8.6 % during the forecast period.
- The phytosterols market is experiencing growth due to the increasing demand for functional food and dietary supplements with the potential for plant phytosterols. The beta-sitosterol segment currently holds a significant share of the market. Phytosterols are plant compounds structurally similar to cholesterol, reducing cholesterol absorption in the small intestine. They are often recommended as part of a heart-healthy eating plan, which is expected to have a positive impact on the market.
- North America and Europe are major consumers of phytosterols globally, with applications mainly focused on nutraceuticals and dietary supplements. In the United States, the National Cholesterol Education Program recommends that people with high cholesterol consume two grams of phytosterols daily. The Food and Drug Administration (FDA) has also approved a health claim related to the role of phytosterols in reducing the risk of heart disease.
- The cosmetic industry is also experiencing a higher demand for phytosterols. They are commonly used in cosmetics due to their positive effects on maintaining skin health and youth. Creams and other cosmetic products containing phytosterols smooth and moisturize the skin, prevent the formation of wrinkles and help with collagen synthesis. The growing demand for phytosterols in the cosmetic industry is expected to fuel market growth.
