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Phytosterols Market

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Phytosterols Market, report categorizes global market by Product Type, by End-use Industry. Report includes, Global Industry Insights, Trends, Outlook and Opportunity Analysis 2018-2025
Phytosterols Market – Global Industry Insights, Trends,
Outlook and Opportunity Analysis 2018-2026
Phytosterols are plant stanols and sterols that are similar to cholesterol. By
displacing cholesterol from micelles, phytosterols interfere with intestinal absorption
of dietary cholesterol reducing the risk of obesity. Unrefined vegetable oils, nuts,
seeds, legumes and whole grains are good sources of phytosterols. According to the
European Food Safety Authority (EFSA), if a person consumes 1.5 to 2.4 gm of plant
sterols and stanols per day, then the blood cholesterol level can be reduced by 7 to
10%.
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In 2015, approximately 17.7 million people died from cardio vascular diseases, out of
which approximately 7.4 million deaths occurred due to coronary heart diseases
(CHDs). Obesity has become a major concern for consumers, especially in the
developed regions such as North America, and Europe. The average money spent
on obesity related disease in the U.S. was approximately US$ 383.0 Mn in 2016.
Phytosterols are being perceived as the additives that will aid in reducing the
cholesterol content by replacing margarine without causing any side effects in dairy
and confectionery products.
Beta-sitosterol is the largest product segment in the market. The easy extraction
process coupled with the fact that it is naturally available is driving market growth.
The growing use of beta-sitosterol in margarine to reduce the cholesterol content is
expected to positively impact future market demand. The market growth is boosted
by approval of regulatory bodies regarding the use of phytosterols in end use
products. Regulatory bodies promoting phytosterols as being heart healthy is
expected to drive demand.
Phytosterol Market Outlook:
North America is the largest market for phytosterols. U.S is the leading market
followed by Canada. According to American Heart Association, approximately 39%
adults in the U.S. have a cholesterol level of 200 mg/dL, while 11.9% have 240
mg/dL. CVD causes around 801,000 deaths in the U.S. each year. Cardiovascular
diseases lead to around 2,200 fatalities in the U.S. each day. This creates a large
target group for producers of phytosterol. The shifting preferences of consumers
towards healthy food and consumer awareness regarding natural ingredients in low
fat milk and yogurt products is expected to boost demand for the same in the region.
Europe is the second-largest market, driven by countries such as Germany, UK,
Spain and Italy. The rising demand for nutritional drinks is expected to boost
demand. The major driver in the region is European Food Safety Authority ruling that
states if Phytosterol is consumed in the quantities of 1.5-3gm per day then it can
result in reduction of cholesterol and also reduce the risks of coronary heart disease.
Asia Pacific is the fastest growing market for Phytosterols. China, India, Indonesia
and Singapore are the major contributors to the growth of the phytosterols market in
Asia Pacific. The availability of raw materials and presence of large number of local
manufacturers such as Matrix Fine Sciences and Pioneer Herbal is boosting market
demand. Australia and New Zealand are expected to witness high demand, owing to
heightened awareness regarding gut health and cardiovascular disorders.
Some of the key market players in phytosterol industries are BASF SE,
Pharma-Chem Laboratories Inc, Raisio Plc., Bunge Limited, DuPont, ADM, Cargill
Inc., HyPhyto Inc., Gustav Parmentier and Arboris, LLC.
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apeksha motghare
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