Phytosterols Market Size, Share, Industry Trends and Forecast to 2030

Phytosterols Market Size & CAGR in 2021

The global phytosterols market is projected to reach a market size of USD 1.2 billion by the end of 2021, with a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period from 2021 to 2026.

COVID-19 Impact on the Phytosterols Market

The COVID-19 pandemic has had a significant impact on the phytosterols market. The market experienced a slight slowdown in 2020 due to disruptions in the supply chain and restrictions on manufacturing activities. However, with the gradual recovery of the global economy and increasing awareness of the health benefits of phytosterols, the market is expected to witness steady growth in the coming years.

Phytosterols Dynamics

Phytosterols are plant-derived compounds that have gained popularity due to their cholesterol-lowering properties. The growing consumer awareness regarding the health benefits of phytosterols, coupled with the increasing prevalence of lifestyle diseases such as cardiovascular disorders, is driving the growth of the phytosterols market. Additionally, the rising demand for natural ingredients in food and dietary supplements is further fueling market growth.

Segments and Related Analysis

By Product Type:

• Soy Phytosterols
• Pine Phytosterols
• Vegetable Oil Phytosterols

By Application:

• Food & Beverage
• Pharmaceuticals
• Dietary Supplements

By Region Analysis

North America

The North America region dominates the phytosterols market, owing to the high adoption of healthy dietary practices and the presence of key market players in the region. The growing prevalence of lifestyle diseases in countries like the United States and Canada has also contributed to the market growth.

Europe

Europe is a significant market for phytosterols, driven by the increasing demand for functional foods and dietary supplements. Countries like Germany, France, and the United Kingdom are key contributors to the market growth in the region.

Asia Pacific

The Asia Pacific region is witnessing rapid growth in the phytosterols market due to the changing dietary preferences of consumers and the rising awareness of health and wellness. Countries like China, India, and Japan are experiencing a surge in demand for phytosterols in various applications.

Key Market Players and Competitive Landscape

Some of the key players in the phytosterols market include Cargill, ADM, DuPont, BASF, Raisio, Arboris, and Lipofoods. These players are actively involved in product innovations, strategic partnerships, and expansion efforts to strengthen their market position.

Recent Happenings in the Phytosterols Market

In recent years, the phytosterols market has witnessed several developments, such as new product launches, acquisitions, and collaborations among key players. For example, Cargill introduced a new range of phytosterol-based products for the food and beverage industry, aimed at promoting heart health. These developments indicate the growing focus on the health benefits of phytosterols and the increasing efforts to expand their applications in various sectors.