Phytosterols Market Analysis and Trends Report 2024

"The Business Research Company recently released a comprehensive report on the Global Phytosterols Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The phytosterols market size has grown rapidly in recent years. It will grow from $1 billion in 2023 to $1.11 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increasing awareness of health benefits, rising prevalence of cardiovascular diseases, functional food and nutraceutical trends, government initiatives to combat obesity, functional ingredients in cosmetics.

The phytosterols market size is expected to see rapid growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to focus on plant-based diets, research on additional health benefits, expansion of functional beverages, regulatory support for health claims, global aging population. Major trends in the forecast period include innovations in delivery formats, collaborations in research and development, phytosterols in personalized nutrition, clean label and transparency, phytosterols in pet food.

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Market Drivers and Trends:

The increasing prevalence of cardiovascular disease is significantly contributing to the growth of the phytosterols market going forward. Cardiovascular disease is a general term encompassing conditions affecting the heart or blood vessels. It includes heart and blood vessel disorders, including coronary heart disease, stroke, peripheral arterial disease, aortic disease, and other conditions. Plant sterols or phytosterols compete with cholesterol absorption by binding to micelles and lowering cholesterol concentration. The daily consumption of phytosterols is associated with an 8% to 10% reduction in LDL cholesterol levels. For instance, in January 2023, according to a report shared by the American Heart Association, a US-based non-profit organization that supports cardiovascular medical research, 928,741 people died in the United States in 2020 because of cardiovascular disease (CVD), which was reported as the primary cause of death. Additionally, according to reports by the British Heart Foundation, a UK-based cardiovascular research charity, the number of deaths caused due to all heart and circulatory diseases in men and women accounted for 163,888 in 2019 in the UK, which increased to 168,319 in 2020. Therefore, the increasing prevalence of cardiovascular disease is driving the growth of the phytosterols market.

Product innovation is the key trend gaining popularity in the phytosterols market. Major companies operating in the phytosterols market are focusing on developing new products and solutions to sustain their position in the market. For instance, in May 2023, ProBiotix Health PLC, a UK-based life sciences company, launched CholBiome CH, an innovative dual-action cholesterol-reducing bi-layer tablet. Lactobacillus plantarum LPLDL and plant sterols/stanols (PSS) are the two active ingredients of the bi-layer tablet, CholBiome CH. These work in combination to support the dual-action cholesterol-reducing formula's goal of lowering both internal and dietary cholesterol levels. The award-winning component LPLDL works on the internal cholesterol to produce enzymes that break down bile salts in this new allergen- and GMO-free innovation, which delivers a dual mode of action. This encourages the liver to eliminate cholesterol from the blood to restore necessary levels and keep the body's bile salt pool in good condition.

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Major Key Players of the Market:

Cargill Inc., Archer Daniels Midland Company, BASF SE, Wilmar International Limited, Bunge Limited, Unilever PLC, Sigma-Aldrich Company LLC, Ashland Global Holdings Inc., Evonik Industries AG, ProBiotix Health Ltd, Raisio PLC, Les Dérives Résiniques Et Terpéniques SA (DRT), Avanti Polar Lipids Inc, Xi'an Healthful Biotechnology Co. Ltd., Matrix Life Science Pvt. Ltd., Connoils LLC, Arboris LLC, Advanced Organic Materials SA, BOC Sciences, Foodchem International Corporation, Lipofoods SLU, Vitae Naturals, Herbo Nutra Extract Private Limited, CD Bioparticles, Ipsum Lifesciences LLP, MMP Inc., Gustav Parmentier GmbH, Hyphyto Inc., Enzymotech Ltd., Tama Biochemical Co.Ltd.

Phytosterols Market 2024 Key Insights:

• The phytosterols market size is expected to see rapid growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%.
• The Rising Prevalence Of Cardiovascular Disease Fuels Growth In The Phytosterols Market
• Phytosterols Market Driven By Product Innovations: Launch Of Cholbiome Ch Offers Dual-Action Cholesterol Reduction
• Europe was the largest region in the phytosterols market in 2023

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