Global Phytosterols Market by Application (Food Ingredients, Cosmetics, Pharmaceuticals), by Product (Stigmasterol, Beta-sitosterol, Campesterol) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global phytosterols market was valued at USD 709.7 millions in 2019. It is projected to grow at 8.7% revenue-based over the forecast period. Nutraceutical products have seen a rise in demand due to the growing adoption of healthy lifestyles across all geographies. This trend is expected to be a major driver of demand for phytosterols.

The rising demand for dietary supplement to improve cardiovascular health is expected to lead to an increase in phytosterols' use as a functional ingredient. The rising per capita healthcare and pharmaceutical expenses will accelerate this trend. The market growth for phytosterols will be impeded by lower profit margins in bio-refineries and vegetable oils extraction. Biotechnological advances in the near future are expected to increase growth over the forecast period.

There are increasing concerns about the environmental impact of traditional chemical ingredients. This has prompted many industries to use bio-based and sustainable products. The manufacturing sector is shifting its focus toward incorporating bio-based/plant-based raw materials to reduce carbon footprint and gain consumer confidence by providing products having less or no side-effects.

Due to the substantial increase in demand for biobased cosmetics, the cosmetics industry has a wide variety of plant-based products. Phytosterols can be used in cosmetics and personal care products such as creams for anti-aging. The market growth for phytosterols is expected to be supported by a plant-based product profile and skin-replenishing properties over the forecast period.

The bio-based economy is being adopted by Europe early. The European Commission published a report entitled "A sustainable bioeconomy in Europe: Strengthening the link between economy, society and environment". It stated that the European bioeconomy supports strengthening and modernizing the region's industrial base by creating new value chains, which are more efficient, greener, and cheaper. Biotechnology and its related processes have significantly contributed to the growth of cosmetic industries, including those based on plant-based or biobased ingredients.

Product Insights

Beta-Sitosterol can be obtained from vegetable oils and plant woods. It is a significant ingredient in dairy products and beverages as well as in nutritional supplements. A significant amount of people who are obese consume 1.5g to 5.25g of beta-sitosterol per day for fat loss. Beta-sitosterol has seen a rise in demand due to consumers' increasing interest in nutrition and health. Beta-sitosterol will be a prominent segment in the market for phytosterols.

Campesterol is a food additive that is also used to lower cholesterol. Increasing demand for phytosterol-fortified nutritional supplements and food products is projected to drive the product demand in the food ingredient segment over the forecast period.

Stigmasterol and its derivatives, including stigmasterol glucoside, stigma-4-en-3-one, spinasterol, fucosterol, and 29-fluorostigmasterol, act as intermediates in the production of vitamin D3. Vitamin D3 is used in the prevention of bone disorders like osteomalacia and rickets. These factors make stigmasterol ideal to be used in pharmaceutical applications. Research activities that aim to develop stigmasterol for the prevention of breast and colon cancer will open up new opportunities in the market for phytosterols over the forecast period.

Application Insights

All phytosterol products are used in a variety of applications, including food, cosmetics, pharmaceuticals and other health care. The pharmaceutical market includes tablets, creams, as well as medicinal products. The demand for phytosterols in pharmaceutical applications has been fueled by factors such as the increased cholesterol levels of the elderly population and the high prevalence of lifestyle diseases.

In the cosmetics industry, phytosterols derivatives/formulations find application in creams, skincare, sun care, hair care, and oral care products. Keratinized skin cells are the outermost layer of the skin. They consist of ceramides and free fatty acids as well as sterols. Exogenous substances cannot penetrate the skin through the skin's sterols. They also regulate skin moisture and prevent excessive water loss. The formulation of phytosterols within cosmetic products ensures soft, healthy skin that is more attractive.

Phytosterols are an ingredient used in food products like spread, cream cheese, turkey liver sausage and mayonnaise. They also play a role in yogurt, buttermilk, soymilk, oatmeal, and other dairy products. Because of their ability to lower bad cholesterol absorption in the gastrointestinal tract and thus lower overall cholesterol levels in the body, phytosterols are often added to these food products. Because of its health benefits, phytosterol will see a rise in demand as a food ingredient.

Regional Insights

The regions are divided into North America, Europe, Asia Pacific, Central, South, and South America. Europe is expected be the largest market for phytosterols across all regions and will grow at a substantial rate during the forecast period.

Majorly, Europe's mature food, cosmetics and pharmaceutical industries are driving the growth in product demand. The region's early adoption of the biobased economy has helped to accelerate the demand for products. This has allowed the use of bio-based components in many end-use industries, such as cosmetics.

North America is second in terms of market size, followed closely by Europe and Central and South America. The Middle East and Africa are expected to experience slower market growth than the rest of the region due to a lack of awareness and lower adoption of nutraceuticals.

Market Share Insights & Key Companies

These manufacturers use tall oil, fatty acids derivatives of pine oil, sunflower and soy oils as their primary feedstocks for producing phytosterol. Some of the most prominent market players invest heavily in R&D to optimize production processes and increase profitability.

Acquisitions and mergers can be costly, time-consuming, and complex, especially for smaller players. A strategic alliance between two companies that supply different ingredients or develop new products and applications through R&D can be beneficial for manufacturers in such cases.

Some of the prominent global players of the market for phytosterols include BASF SE; Arboris, LLC; Archer-Daniels-Midland Company; Cargill Inc.; The Lubrizol Corporation; Advanced Organic Materials; Ashland Global Holdings, Inc.; and Gustav Parmentier GmbH.

Market Report Scope for Phytosterols

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the global, regional and country level and analyzes the most recent industry trends in each sub-segment from 2016 to 2027. Grand View Research has divided the global market for phytosterols on the basis product, region, and application.

• Product Outlook (Volume and Tons; Revenue USD Million, 2016-2027)

  • Beta-Sitosterol

  • Campesterol

  • Stigmasterol

  • Other

• Application Outlook (Volume and Tons; Revenue USD Million, 2016-2027)

  • Pharmaceutical

  • Cosmetics

  • Food Ingredients

• Regional Outlook (Volume and Tons; Revenue USD Millions, 2016-2027)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Spain

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Malaysia

    • Australia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa

These are the most frequently asked questions about this report

b. Global phytosterols market was valued at USD 709.6 millions in 2019, and is forecast to grow to USD 772.7 million by 2020.

b. Global phytosterols sales are expected to increase at 8.7% per year from 2019-2027, reaching USD 1,378.7 millions by 2027.

b. With a market share of 59.6%, Beta-Sitosterol was the dominant phytosterol with a 2019. This can be attributed to the increasing use of beta-Sitosterol in beverages, dairy products, body fat reduction and as an ingredient in dietary supplements.

b. Some key players operating in the phytosterols market include BASF SE; Arboris, LLC; Archer-Daniels-Midland Company; Cargill Inc.; The Lubrizol Corporation; Advanced Organic Materials; Ashland Global Holdings, Inc.; and Gustav Parmentier GmbH.

b. The market for phytosterols is growing due to a number of factors, including a healthier lifestyle and a rising demand for dietary supplementation and a higher per capita spending on healthcare.

Up Market Research published a new report titled “Phytosterols Market research report which is segmented by Application (Food Ingredients, Cosmetics, Pharmaceuticals), by Product (Stigmasterol, Beta-sitosterol, Campesterol), By Players/Companies Inc; and Gustav Parmentier GmbH, LLC; Archer-Daniels-Midland Company; Cargill Inc; The Lubrizol Corporation; Advanced Organic Materials; Ashland Global Holdings, BASF SE; Arboris”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Phytosterols Market Report Segments:

The market is segmented by Application (Food Ingredients, Cosmetics, Pharmaceuticals), by Product (Stigmasterol, Beta-sitosterol, Campesterol).

Phytosterols Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Phytosterols Market

Overview of the regional outlook of the Phytosterols Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Phytosterols Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Phytosterols Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Food Ingredients

                2. Cosmetics

                3. Pharmaceuticals

                1. Stigmasterol

                2. Beta-sitosterol

                3. Campesterol

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Phytosterols Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Phytosterols Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.