Global Phytosterols Market will grow at 8.5% CAGR to exceed $1 Bn by 2024

U.S. Phytosterols market is predicted to grow at a rate of around 8.5% over the forecast timeframe as a result of the rising occurrence of heart and cancer ailments boosting the product demand.

India - December 11, 2018 /MarketersMedia/ —

“Phytosterols Market analysis based on Product, Application, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024”, according to a new research report by Graphical Research.

Global Phytosterols Market Share to Value Over USD 1 billion by 2024. Rising health consciousness leading to healthy food habits among consumers is expected to promote the industry growth trends. FDA, EFSA and Health Canada approval of Phytosterols application in the food & dietary supplements owing to its cholesterol reducing feature is further anticipated to contribute towards the market growth.

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Phytosterols industry size worth USD 600 million in 2017, is forecast to grow at a CAGR of 8.5% over the period of 2018-2024.The rising trend towards food fortified ingredients with high nutrition contents and low-calorie levels in food & beverages are predicted to drive the industry growth. Their use/application as additives in food items such as yoghurts, milk, sauces, and bakery items owing to the growing health awareness among the consumers will benefit the market.

However, the substitute threat from Omega 3 ingredients with favorable features such as heart rate regulation, cancer risk reduction and improvement in brain functions can inhibit the growth of Phytosterols market. Furthermore, inadequate supply of vegetable oils and tall oils which are the rich sources of Phytosterols will impact the market price trend.

Campesterol Phytosterols market is anticipated to record a CAGR of around 8.5% over the forecast timeline. Its use in food/dietary supplements and medicines for reducing cholesterol levels is predicted to fuel the product demand.

Pharmaceuticals segment is projected to grow at a rate of around 9% over the period of 2018-2024. Adverse health effects as a result of consumption of prescribed traditional medicines will stimulate the demand for Phytosterols. In addition to this, it is used in drug formulation for curing heart disease due to cardioprotective effect.

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Key industry participants include PrimaPharm, Eugene Science, BASF Cognis, DuPont, and Cargill.

Segments We Cover:

Phytosterols market by product
Beta-sitosterol
Campesterol
Stigmasterol

Phytosterols market by application
Food Ingredients
Pharmaceutical
Cosmetic

Browse key industry insights from this 2018 report @
https://www.graphicalresearch.com/industry-insights/1093/phytosterols-market

The above information is provided on a regional and country basis for the following:
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Russia
Poland
Asia Pacific
China
India
Japan
Malaysia
Thailand
Indonesia
Australia
LATAM
Brazil
MEA
Saudi Arabia
South Africa
UAE

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About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Info:
Name: Parikhit B.
Email: Send Email
Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1093/phytosterols-market

Source URL: https://marketersmedia.com/global-phytosterols-market-will-grow-at-85-cagr-to-exceed-1-bn-by-2024/457703

Source: MarketersMedia

Release ID: 457703