Global Phytosterols Market Report by 2020:Grand View Research, Inc.
Post on 19-Jul-2015
Global Phytosterols Market By Application (Pharmaceuticals, Cosmetics,
and Food Ingredients), By Product (Beta-sit sterol, Camp sterol, Stigma
sterol) is Expected to Reach USD 989.8 Million by 2020: Grand View
The global market for phytosterols (http://www.grandviewresearch.com/industry-
analysis/phytosterols-market) is expected to reach USD 989.8 million by 2020, according
to a new study by Grand View Research, Inc. Phytosterols are widely used as additives in
food products such as dairy, sausages, cold cuts, etc. One of the major drivers for the growth
of phytosterols market is the favorable regulatory scenario, promoting their use in functional
foods and nutraceuticals. In addition, proven ability of phytosterols, to reduce cardiovascular
disorders is also expected to have positive impact on market demand. Increasing prevalence
of coronary heart diseases is further expected to augment the demand for phytosterols over
the next six years.
Food ingredients were the largest application segment for phytosterols, accounting for close
to 25,000 tons of global demand in 2013. Increasing consumption of functional foods and
beverages in North America and Europe and rising awareness of phytosterols in these regions
is expected to play a major role in the development of the application. Pharmaceuticals were
the second largest application segment, with market demand exceeding 19,354.0 tons in
The report Phytosterols Market Analysis By Application (Pharmaceutical, Cosmetics, Food Ingredients), By Product (Beta-Sitosterol, Campesterol, Stigmasterol, Ergosterol) And
Segment Forecasts To 2020, is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-
Further key findings from the study suggest:
The global phytosterols demand was 49,299.6 tons in 2013 and is expected to reach
80,535.9 tons in 2020, growing at CAGR of 7.2% from 2014 to 2020.
Europe was the largest regional market for phytosterols, with revenue estimated at
USD 292.8 million in 2013. Favorable regulatory scenario in this region is expected
to propel market growth. In addition, Europe is also expected to witness fastest
growth, at an estimated CAGR of 8.8% from 2014 to 2020.
North America and Asia Pacific phytosterol demand is expected to grow at an
estimated CAGR of 6.6% and 6.3% from 2014 to 2020, respectively.
In 2013, beta-sitosterol accounted for the largest market share of 65.48% and is
expected to witness fastest demand growth, at an estimated CAGR of 7.4% from 2014
to 2020. Its use in a wide range of medical applications such as prevention from colon
cancer, cervical cancer etc. is expected to boost its demand over the next six years.
The global market for phytosterols is oligopolistic in nature and is dominated by three
companies including ADM, Cognis-BASF and Raisio Life Sciences.
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For the purpose of this study, Grand View Research has segmented the global phytosterols
market on the basis of application, product and region:
Phytosterols Applications Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
Pharmaceuticals Cosmetics Food Ingredient Phytosterols Product Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
Beta-sitosterol Campesterol Stigmasterol Others Phytosterols Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
North America Europe Asia Pacific RoW
Browse All Reports of this category@ http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements About Grand View Research Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/ Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Email: firstname.lastname@example.org