Global Phytosterols Market Overview

Phytosterols Market Size Was Valued at USD 922.19 Million in 2023, and is Projected to Reach USD 1,937.71 Million by 2032, Growing at a CAGR of 8.6% From 2024-2032.

• The global phytosterols industry is experiencing significant growth driven by increasing consumer awareness of health benefits and the incorporation of these plant-based compounds into various products. Phytosterols, naturally occurring plant sterols, are gaining traction due to their cholesterol-lowering properties, making them attractive ingredients in food and beverage, pharmaceutical, and cosmetic applications. Leading players in the industry are focusing on product innovation and diversification to meet evolving consumer preferences and tap into new market segments. Strategic partnerships and collaborations between industry players and research institutions are also contributing to the development of novel phytosterol-based products.
• Despite the promising growth prospects, the phytosterols market faces certain challenges, such as regulatory hurdles, fluctuations in raw material prices, and concerns regarding the long-term sustainability of phytosterol sources.

Market Dynamics and Factors of Phytosterols Market:

Drivers:

• Recently, the Chinese diet has changed from being rich in plant-sourced foods to being rich in animal-derived foods. This dietary change has given rise to a decrease in phytosterol intake and an increase in cholesterol intake. Moreover, the high cholesterol intake will aggravate cardiovascular diseases in a population having underlying health conditions like diabetes and blood pressure. This is driving the phytosterol market in the Asia region. Moreover, recent studies have shown that phytosterols are effective in lowering cancer risks by 20%. The bleeding edge is that phytosterol has shown properties that directly inhibit plant growth, apoptosis induction, reduced cell cycle progression, and tumor metastasis inhibition. Moreover, there is research going on the antiatherosclerosis efficacy of phytosterols.
• Moreover, there is a growing demand for phytosterol because of its anti-cancer and anti-atherosclerotic properties. The significance they have shown in lowering the absorption of low-density lipoprotein i.e., bad cholesterol is remarkable. It has overturned the non-veg consumers to a vegetarian diet, this shift in population is driving the phytosterols market. The increasing prevalence of diseases is one of the key factors driving the phytosterol market. According to science direct, UK is the leading country in Europe, in terms of purchase of phytosterol, they consumed around 736 kg of phytosterol per year, followed by France, Belgium, Netherlands, Germany, and Greece with a consumption rate of 228.4kg, 129.6kg, 114.2kg, 78.7kg, 64.7kg respectively.

Restraints

• Even, though studies have shown the capability of phytosterols in lowering cardiovascular diseases, some scientists have reported that higher intakes of phytosterols can cause an increase in heart-related problems. Cooking at higher temperatures and for a longer duration of time is influencing the retention of phytosterols in oils, thus hampering the growth of the phytosterol market in the forecast period. However, strict government regulations of the U.S food & drug administration (FDA) towards approvals of the phytosterols and unaffordable prices in the developing countries, are key factors that can hamper the phytosterol market growth. Moreover, unawareness of the phytosterol applications, in illiterate individuals can impact the phytosterol market negatively.

Opportunities

• The growing concern for health in the majority of people, is a vital opportunity for the new players in the market, to introduce their products and make them available to consumers at affordable prices as compared to the high price of reputed companies. The growing pharmaceutical industry and the use of phytosterol in anti-cancer and anti-atherosclerotic therapeutics, is an opportunity for pharmaceutical companies to thrive in the market and extend their reach towards the consumers as a significant amount of people are having these health-related problems. Due to stationary lifestyle, in the IT sector population, the majority of people are deprived of sunlight which causes vitamin D deficiency, phytosterols specifically stigmasterol and its derivatives (stigmasterol glucoside, Spinasterol, fucosterol, and others), play a vital intermediate role in the synthesis of vitamin D3. Vitamin D3 is used to prevent the bone disorders like rickets and osteomalacia, these factors make stigmasterol ideal for the pharmaceutical industry.

Market Segmentation

• Based on the type, the beta-sitosterol segment registered the maximum market share during the forecast period. Beta-Sitosterol, which can be blended from plant woods and vegetable oils, is significantly used in beverages, dairy products, and as an additive in dietary supplements. Also, a significant number of overweight individuals consume 1.5g to 5g of beta-sitosterol daily for body fat reduction. The rising tendency of consumers associated with health and nutritional intake has positively influenced the demand for beta-sitosterol. Therefore, beta-sitosterol is anticipated to be one of the prime segments in the market for phytosterols.
• Based on the application, pharmaceutical, cosmetics, and food ingredients are the well-known applications of all phytosterol products. The pharmaceutical segment includes tablets, creams, and medicinal products. Factors such as increased cholesterol levels among the geriatric population along with the universality of lifestyle diseases and other health conditions have fostered the demand for phytosterols in pharmaceutical applications. In the cosmetics industry, phytosterols derivatives/formulations find application in oral care products, skincare, sun care, creams, and hair care. In the food industry, phytosterols are utilized in the form of an ingredient in products such as mayonnaise, spread, cheese, oatmeal, turkey liver sausage, chicken balls, soymilk, yogurt, buttermilk, and cream.

Players Covered in Phytosterols market are :

• Archer Daniels Midlands (U.S)
• Cargill Incorporated (U.S)
• Pharmachem Laboratories INC. (U.S)
• BASF SE (Germany)
• E.I. DuPont de Nemours INC. (U.S)
• Raisio PLC (Finland)
• Arboris LLC (U.S)
• Unilever (U.K)
• Gustav Parmentier GmbH (Germany)
• Bunge Limited (U.S)
• Nikko Chemicals Co. Ltd (India)
• Pioneer Enterprise (India)
• Herbo Nutra (India)
• Berkshire Hathaway Inc. (U.S)
• Merck KGaA (Germany) and other major key players.

Regional Analysis of Phytosterols Market:

• Europe is expected to be the dominant market for phytosterols due to the rising consumer demand for functional foods and dietary supplements that offer cholesterol-lowering benefits. The region's growing health consciousness, especially in countries like Germany, the UK, and France, has fueled the adoption of phytosterols in food products such as margarine, yogurt, and fortified drinks. Regulatory approval from authorities like the European Food Safety Authority (EFSA) for the use of phytosterols in food products further boosts market growth, ensuring safety and efficacy for consumers.
• Additionally, the increasing focus on heart health, driven by a rise in cardiovascular diseases and obesity, is likely to contribute to the demand for phytosterols in Europe. The region's well-developed food and beverage industry, coupled with strong research and innovation, is anticipated to drive market expansion at a significant rate. With major players investing in product development and marketing campaigns, the European phytosterols market is poised for sustained growth in the coming years.

Key Industry Development of Phytosterols Market:

• In July 2021, ADM (Archer Daniels Midlands), a global nutrition leader has declared that it has reached an agreement to acquire Sojaprotein, a leading ingredient provider of soy ingredients. Soy is an excellent source of β-sitosterol, as it helps in reducing cholesterol levels and reduce the risk of some cancers.
• In June 2019, Finland-based company, Raisio Group has financed USD 55 million in the growth of healthy foods along with plant-based added-value products. Through this investment, the company has built up its market position in the European Market.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Phytosterols Market by Type
 5.1 Phytosterols Market Overview Snapshot and Growth Engine
 5.2 Phytosterols Market Overview
 5.3 Beta-sitosterol
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Beta-sitosterol: Grographic Segmentation
 5.4 Campesterol
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Campesterol: Grographic Segmentation
 5.5 Stigmasterol
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Stigmasterol: Grographic Segmentation
 5.6 Other Types
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Other Types: Grographic Segmentation

Chapter 6: Phytosterols Market by Application
 6.1 Phytosterols Market Overview Snapshot and Growth Engine
 6.2 Phytosterols Market Overview
 6.3 Food Ingredients
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Food Ingredients: Grographic Segmentation
 6.4 Pharmaceuticals
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Pharmaceuticals: Grographic Segmentation
 6.5 Cosmetics
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Cosmetics: Grographic Segmentation
 6.6 Feed
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Feed: Grographic Segmentation
 6.7 Other Application
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Other Application: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Phytosterols Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Phytosterols Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Phytosterols Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 ARCHER DANIELS MIDLANDS
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 CARGILL INCORPORATED
 7.4 PHARMACHEM LABORATORIES INC.
 7.5 BASF SE
 7.6 E.I. DUPONT DE NEMOURS INC.
 7.7 RAISIO PLC
 7.8 ARBORIS LLC
 7.9 UNILEVER
 7.10 GUSTAV PARMENTIER GMBH
 7.11 BUNGE LIMITED
 7.12 NIKKO CHEMICALS CO. LTD
 7.13 PIONEER ENTERPRISE
 7.14 HERBO NUTRA
 7.15 BERKSHIRE HATHAWAY INC.
 7.16 MERCK KGAA
 7.17 OTHER MAJOR PLAYERS

Chapter 8: Global Phytosterols Market Analysis, Insights and Forecast, 2017-2032
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Beta-sitosterol
  8.2.2 Campesterol
  8.2.3 Stigmasterol
  8.2.4 Other Types
 8.3 Historic and Forecasted Market Size By Application
  8.3.1 Food Ingredients
  8.3.2 Pharmaceuticals
  8.3.3 Cosmetics
  8.3.4 Feed
  8.3.5 Other Application

Chapter 9: North America Phytosterols Market Analysis, Insights and Forecast, 2017-2032
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Beta-sitosterol
  9.4.2 Campesterol
  9.4.3 Stigmasterol
  9.4.4 Other Types
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Food Ingredients
  9.5.2 Pharmaceuticals
  9.5.3 Cosmetics
  9.5.4 Feed
  9.5.5 Other Application
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Phytosterols Market Analysis, Insights and Forecast, 2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Beta-sitosterol
  10.4.2 Campesterol
  10.4.3 Stigmasterol
  10.4.4 Other Types
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Food Ingredients
  10.5.2 Pharmaceuticals
  10.5.3 Cosmetics
  10.5.4 Feed
  10.5.5 Other Application
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Phytosterols Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Beta-sitosterol
  11.4.2 Campesterol
  11.4.3 Stigmasterol
  11.4.4 Other Types
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Food Ingredients
  11.5.2 Pharmaceuticals
  11.5.3 Cosmetics
  11.5.4 Feed
  11.5.5 Other Application
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Phytosterols Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Beta-sitosterol
  12.4.2 Campesterol
  12.4.3 Stigmasterol
  12.4.4 Other Types
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Food Ingredients
  12.5.2 Pharmaceuticals
  12.5.3 Cosmetics
  12.5.4 Feed
  12.5.5 Other Application
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Phytosterols Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Beta-sitosterol
  13.4.2 Campesterol
  13.4.3 Stigmasterol
  13.4.4 Other Types
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Food Ingredients
  13.5.2 Pharmaceuticals
  13.5.3 Cosmetics
  13.5.4 Feed
  13.5.5 Other Application
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion