South America Phytosterols Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The South America phytosterols market is projected to grow at a CAGR of 3.8% during the forecast period (2020-2025).

• The market is driven by the increasing consumer demand for functional food and dietary supplements, which holds the potential for plant phytosterols. Also, phytosterols are commonly used in cosmetics, due to their positive effect on maintaining the skin’s health and youth. Creams and cosmetic products containing these compounds smoothen the skin and moisturize it, prevent the formation of wrinkles, and help in collagen synthesis. Thus, the launch of different products in the cosmetics industry is expected to have a positive impact on the demand for the market studied.
• The major types of phytosterols are beta-sitosterol, campesterol, stigmasterol, among others, where, the beta-sitosterol segment holds a major share in the market studied.
• Geographically, North America and Europe account for more than 60% of the global demand, and Asia-Pacific ranks as the fastest growing region. The per capita consumption of phytosterols are considerably higher for the United States, which is facilitated by the booming dietary suplements and pharmaceutical industries.

Scope of the report

The South America phytosterols market is segmented by product type into Beta-Sitosterol, Campesterol, Stigmasterol, and Others such as Avenasterol, Ergosterol, Brassicasterol, Lupeol, and Cycloartenol; and by application into Dairy Products, Sauces and Condiments, Beverages, Bakery and Confectionery and Other Processed Food. Also, the study provides an analysis of the phytosterols market in the emerging and established markets across the South American countries, including Brazil, Argentina, and the Rest of South America.

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Key Market Trends

Potential of Plant Sterols in Nutraceuticals

Plant sterols have potential health benefits, which has led them to be increasingly used in the pharmaceutical and nutraceutical industries. The increased demand for nutraceuticals among the consumers, is thus, driving the global phytosterol market. Phytosterols possess innumerable beneficial therapeutic properties. Hence, the concept of utilizing phytosterols as nutraceuticals is gradually emerging and gaining considerable interest. There is increasing evidence for phytosterol’s role in preventing major chronic diseases, such as cardiovascular diseases, cancers, and type-II diabetes. In addition, phytosterols act as powerful antioxidants by providing remarkable protection against oxidative and free-radical damage. They also have long been recognized to possess anti-inflammatory, anti-allergic, anti-thrombotic, anti-atherogenicity, anti-viral, and anti-carcinogenic activities, which further increases its demand in nutraceuticals.

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