Phytosterols Market by Composition (Beta-Sitosterol, Campesterol, Stigmasterol), Application (Food & Beverages, Pharmaceutical, Cosmetics & Personal Care Products, and Feed), Form( Dry, Liquid), Source and Region - Global Forecast to 2028
According to MarketsandMarkets, the global phytosterols market is projected to reach USD 1.6 billion by 2028 from USD 1.0 billion by 2023, at a CAGR of 8.3% during the forecast period in terms of value. Phytosterols (plant sterol and stanol esters) are plant-derived compounds well-known for their health benefits. They resemble structurally with cholesterol and thus compete with it for absorption in the blood. As a result, phytosterol lower the blood LDL cholesterol (bad cholesterol) levels, which is responsible for cardiovascular diseases, promoting good health.
'By form, liquid is projected to witness an increased market share during the forecast period.'
According to an article published in Forbes in September 2022, demand for Ready-To-Drink (RTD) beverages is skyrocketing, fueling the demand for phytosterols in liquid form. With the rise in demand, production, and consumption of functional food & beverage products in aqueous forms, such as juices, gels, and emulsions such as sauces, the demand for liquid phytosterols is bound to increase, thereby creating opportunities for the less commercialized segment in the research domain for innovation and solutions.
'By Application , The market for cosmetics & personal care may benefit from increased demand for natural products'
The increasing use of phytosterols in the cosmetics and personal care products segment can be attributed to the growing consumer interest in health and grooming. Changing consumer lifestyles and economic factors such as the rise in per capita income, especially in developing regions, have allowed consumers to spend more on personal grooming, thereby driving the demand for phytosterols.
Brazil will significantly contribute towards market growth of South America during the forecast period
Brazil is a developing country with an increasing middle-class population, which contributes significantly to the development of the functional food industry. All these factors are expected to boost the country's demand for plant-based food products such as phytosterols-enriched margarine and spreads. Brazil also offers growth opportunities for the manufacturers of functional food products
Break-up of Primaries:
Research Coverage:
The report segments the phytosterol market on the basis of Form, By Application, By Composition, By Form, By Source, By Region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global phytosterols market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall phytosterols market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
'By form, liquid is projected to witness an increased market share during the forecast period.'
According to an article published in Forbes in September 2022, demand for Ready-To-Drink (RTD) beverages is skyrocketing, fueling the demand for phytosterols in liquid form. With the rise in demand, production, and consumption of functional food & beverage products in aqueous forms, such as juices, gels, and emulsions such as sauces, the demand for liquid phytosterols is bound to increase, thereby creating opportunities for the less commercialized segment in the research domain for innovation and solutions.
'By Application , The market for cosmetics & personal care may benefit from increased demand for natural products'
The increasing use of phytosterols in the cosmetics and personal care products segment can be attributed to the growing consumer interest in health and grooming. Changing consumer lifestyles and economic factors such as the rise in per capita income, especially in developing regions, have allowed consumers to spend more on personal grooming, thereby driving the demand for phytosterols.
Brazil will significantly contribute towards market growth of South America during the forecast period
Brazil is a developing country with an increasing middle-class population, which contributes significantly to the development of the functional food industry. All these factors are expected to boost the country's demand for plant-based food products such as phytosterols-enriched margarine and spreads. Brazil also offers growth opportunities for the manufacturers of functional food products
Break-up of Primaries:
- By Company Type: Tier1-30%, Tier 2-45%, Tier 3- 25%
- By Designation: CXOs-25%, Managers – 50%, and Executives- 25%
- By Region: Europe - 50%, Asia Pacific – 20%, North America - 20%, RoW – 10%
- ADM (US)
- BASF SE (Germany)
- Cargill, Incorporated (US)
- International Flavors & Fragrances Inc. (US)
- Ashland (US)Matrix Life Science (India)
- AOM (Argentina), Lipofoods (Spain)
- Avanti Polar Lipids (US), DRT (France)
- Wilmar International Ltd (Singapore)
- VITAE NATURALS (Spain)
- TAMA BIOCHEMICALS CO., LTD (Japan)
- BOC Sciences (US)
- Herbo Nutra (India)
Research Coverage:
The report segments the phytosterol market on the basis of Form, By Application, By Composition, By Form, By Source, By Region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the global phytosterols market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall phytosterols market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Rising demand for livestock products), restraints (Concerns regarding vitamin deficiency), opportunity (Global rise in the prevalence of chronic diseases), and challenges (High popularity of other functional ingredients) influencing the growth of the phytosterols market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the phytosterols market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the phytosterol market market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the phytosterols market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.4 REGIONS COVERED
1.5 YEARS CONSIDERED
1.6 UNITS CONSIDERED
1.6.1 CURRENCY UNIT
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022
1.6.2 VOLUME UNIT
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 PHYTOSTEROLS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.2.3 Key primary insights
2.2 MARKET SIZE ESTIMATION
2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON FORM, BY REGION)
2.2.2 APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET)
2.3 DATA TRIANGULATION
FIGURE 3 DATA TRIANGULATION METHODOLOGY
2.4 STUDY ASSUMPTIONS
2.5 STUDY LIMITATIONS AND RISK ASSESSMENT
3 EXECUTIVE SUMMARY
TABLE 2 PHYTOSTEROLS MARKET SNAPSHOT, 2023 VS. 2028
FIGURE 4 PHYTOSTEROLS MARKET, BY COMPOSITION, 2023 VS. 2028 (USD MILLION)
FIGURE 5 PHYTOSTEROLS MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)
FIGURE 6 PHYTOSTEROLS MARKET, BY FORM, 2023 VS. 2028 (USD MILLION)
FIGURE 7 PHYTOSTEROLS MARKET (VALUE), BY REGION, 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PHYTOSTEROLS MARKET
FIGURE 8 RISING CONSUMER HEALTH AWARENESS AND DEMAND FOR PHYTOSTEROL TO DRIVE MARKET
4.2 EUROPE: PHYTOSTEROLS MARKET, BY COMPOSITION AND COUNTRY (2022)
FIGURE 9 BETA-SITOSTEROL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE
4.3 PHYTOSTEROLS MARKET, BY COMPOSITION
FIGURE 10 BETA-SITOSTEROL COMPOSITION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.4 PHYTOSTEROLS MARKET, BY APPLICATION
FIGURE 11 FOOD & BEVERAGES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.5 PHYTOSTEROLS MARKET, BY FOOD SUB-APPLICATION
FIGURE 12 BAKERY & CONFECTIONERY PRODUCTS TO DOMINATE MARKET DURING FORECAST PERIOD
4.6 PHYTOSTEROLS MARKET, BY FORM
FIGURE 13 DRY FORM SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MACROECONOMIC INDICATORS
5.2.1 INCREASE IN RETAIL SALES
FIGURE 14 RETAIL AND FOOD SERVICE SALES IN US (USD BILLION)
5.2.2 GROWTH OPPORTUNITIES IN DEVELOPING COUNTRIES OF ASIA PACIFIC AND SOUTH AMERICA
FIGURE 15 GDP GROWTH RATE IN ASIAN COUNTRIES, 2020-21
5.3 MARKET DYNAMICS
FIGURE 16 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Rise in consumer health awareness post-COVID-19 pandemic for functional food & beverages
5.3.1.2 Rising demand for livestock products
5.3.1.3 Growing demand for superior personal and healthcare products
5.3.2 RESTRAINTS
5.3.2.1 Side-effects of phytosterols
5.3.2.2 Concerns regarding vitamin deficiency
5.3.3 OPPORTUNITIES
5.3.3.1 Global rise in prevalence of chronic diseases
5.3.4 CHALLENGES
5.3.4.1 High popularity of other functional ingredients
5.3.4.2 Lack of consumer awareness in developing and under-developed countries
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT
6.2.2 RAW MATERIAL SOURCING
6.2.3 PRODUCTION AND PROCESSING
6.2.4 DISTRIBUTION
6.2.5 MARKETING & SALES
FIGURE 17 VALUE CHAIN ANALYSIS OF PHYTOSTEROLS MARKET
6.3 TECHNOLOGY ANALYSIS
6.3.1 HYDROPHILIC PHYTOSTEROL DERIVATIVES
6.4 PRICING ANALYSIS: PHYTOSTEROLS MARKET
6.4.1 AVERAGE SELLING PRICE, BY FORM
FIGURE 18 GLOBAL: AVERAGE SELLING PRICE, BY FORM (USD/TON)
TABLE 3 PHYTOSTEROLS: AVERAGE SELLING PRICE, BY FORM, 2020–2022 (USD/TON)
TABLE 4 DRY PHYTOSTEROLS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON)
TABLE 5 LIQUID PHYTOSTEROLS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON)
FIGURE 19 PHYTOSTEROLS: AVERAGE SELLING PRICE, BY COMPANY, 2020–2022 (USD/TON)
6.5 MARKET MAPPING AND ECOSYSTEM OF PHYTOSTEROLS
6.5.1 DEMAND SIDE
6.5.2 SUPPLY SIDE
FIGURE 20 PHYTOSTEROLS: MARKET MAP
TABLE 6 PHYTOSTEROLS MARKET: SUPPLY CHAIN (ECOSYSTEM)
FIGURE 21 PHYTOSTEROLS: ECOSYSTEM MAPPING
6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 22 REVENUE SHIFT FOR PHYTOSTEROLS MARKET
6.7 PHYTOSTEROL MARKET: PATENT ANALYSIS
FIGURE 23 NUMBER OF PATENTS GRANTED BETWEEN 2013 AND 2022
FIGURE 24 TOP 10 INVENTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS
FIGURE 25 LEADING APPLICANTS WITH HIGHEST NUMBER OF PATENT DOCUMENTS
TABLE 7 PATENTS PERTAINING TO PHYTOSTEROLS MARKET, 2021–2022
6.8 TRADE ANALYSIS
6.8.1 SOYBEAN (2021)
TABLE 8 TOP 10 IMPORTERS AND EXPORTERS OF SOYBEAN, 2021 (KG)
6.9 KEY CONFERENCES AND EVENTS
TABLE 9 KEY CONFERENCES AND EVENTS IN PHYTOSTEROLS AND RELATED INDUSTRIES, 2023–2024
6.10 TARIFF AND REGULATORY LANDSCAPE
6.10.1 NORTH AMERICA
6.10.2 US
6.10.3 CANADA
6.10.4 EUROPEAN UNION
6.10.4.1 EU Food Law
6.10.4.2 European Food Safety Authority (EFSA)
6.10.4.3 EU Cosmetics Regulation (EC) No. 1223/2009
6.10.5 ASIA PACIFIC
6.10.6 CHINA
6.10.7 JAPAN
6.10.8 INDIA
6.10.9 SOUTH AMERICA
6.10.10 BRAZIL
6.10.11 MIDDLE EAST
6.10.12 UAE
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.11 PORTER’S FIVE FORCES ANALYSIS
TABLE 13 PHYTOSTEROLS MARKET: PORTER’S FIVE FORCES ANALYSIS
6.11.1 INTENSITY OF COMPETITIVE RIVALRY
6.11.2 BARGAINING POWER OF SUPPLIERS
6.11.3 BARGAINING POWER OF BUYERS
6.11.4 THREAT OF SUBSTITUTES
6.11.5 THREAT OF NEW ENTRANTS
6.12 KEY STAKEHOLDERS AND BUYING CRITERIA
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF KEY FORMS
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FORMS OF PHYTOSTEROLS (%)
6.12.2 BUYING CRITERIA
TABLE 15 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
FIGURE 27 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
6.13 CASE STUDIES
6.13.1 ADM: SCIENCE AND TECHNOLOGY (S&T) CENTER IN CHINA
TABLE 16 AOM: INDUSTRIAL EXPANSION IN SPAIN
7 PHYTOSTEROLS MARKET, BY APPLICATION
7.1 INTRODUCTION
FIGURE 28 PHYTOSTEROLS MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)
TABLE 17 PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 18 PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
7.2 FOOD & BEVERAGE
7.2.1 CONSUMER SHIFT TOWARD HEALTHY AND NUTRITIVE LIFESTYLES TO DRIVE MARKET
TABLE 19 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 20 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 21 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY SUB-APPLICATION, 2019–2022 (USD MILLION)
TABLE 22 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY SUB-APPLICATION, 2023–2028 (USD MILLION)
7.2.2 DAIRY PRODUCTS
7.2.3 BAKERY AND CONFECTIONERY PRODUCTS
7.2.4 NUTRITIONAL PRODUCTS
7.2.5 SNACKS & CEREALS
7.2.6 BEVERAGES
7.2.7 OTHER FOOD APPLICATIONS
7.3 PHARMACEUTICALS
7.3.1 INCREASING NUMBER OF AGED POPULATION WORLDWIDE TO SUPPORT MARKET GROWTH
TABLE 23 PHARMACEUTICALS: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 24 PHARMACEUTICALS: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
7.4 COSMETICS & PERSONAL CARE PRODUCTS
7.4.1 HIGH STRESS ON PERSONAL GROOMING TO FUEL DEMAND FOR COSMETIC PRODUCTS
TABLE 25 COSMETICS & PERSONAL CARE PRODUCTS: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 26 COSMETICS & PERSONAL CARE PRODUCTS: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
7.4.1.1 FEED
7.4.2 RISING DEMAND FOR LIVESTOCK PRODUCTS AND CONCERNS REGARDING ANIMAL NUTRITION TO FUEL DEMAND FOR PHYTOSTEROLS
TABLE 27 FEED: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 28 FEED: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
8 PHYTOSTEROLS MARKET, BY COMPOSITION
8.1 INTRODUCTION
FIGURE 29 GLOBAL PHYTOSTEROLS MARKET, BY COMPOSITION, 2023 VS. 2028 (USD MILLION)
TABLE 29 PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 30 PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
8.2 BETA-SITOSTEROL
8.2.1 GROWING INCIDENCES OF PROSTATE CANCER AND AGEING POPULATION TO DRIVE DEMAND
TABLE 31 BETA-SITOSTEROL: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 32 BETA-SITOSTEROL: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
8.2.1.1 CAMPESTEROL
8.2.2 GROWTH IN SPORTS AND VETERINARY MEDICINE INDUSTRY TO DRIVE MARKET FOR CAMPESTEROLS
TABLE 33 CAMPESTEROL: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 34 CAMPESTEROL: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
8.2.2.1 STIGMASTEROL
8.2.3 RISE IN DEMAND FOR VITAMIN D3 AND STEROIDS TO DRIVE MARKET
TABLE 35 STIGMASTEROL: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 36 STIGMASTEROL: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
8.3 OTHER COMPOSITIONS
TABLE 37 OTHER COMPOSITIONS: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 38 OTHER COMPOSITIONS: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
9 PHYTOSTEROLS MARKET, BY SOURCE
9.1 INTRODUCTION
9.2 VEGETABLE OILS
9.2.1 HIGHER CONCENTRATION OF PHYTOSTEROLS IN VEGETABLE OILS TO GIVE RISE TO ITS POPULARITY
9.3 NUTS & SEEDS
9.3.1 HIGH FIBER CONTENT IN NUTS & SEEDS TO DRIVE MARKET FOR PHYTOSTEROL
9.4 WHOLE GRAINS
9.4.1 VERSATILITY OF WHOLE GRAINS TO FUEL MARKET FOR PHYTOSTEROLS
9.5 OTHER SOURCES
10 PHYTOSTEROLS MARKET, BY FORM
10.1 INTRODUCTION
FIGURE 30 DRY FORM TO DOMINATE MARKET DURING FORECAST PERIOD (USD MILLION)
TABLE 39 PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 40 PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 41 PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 42 PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
10.2 DRY
10.2.1 LONGER SHELF LIFE, LESSER PROCESSING, AND CONVENIENT PACKAGING TO FUEL DEMAND
TABLE 43 DRY: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 44 DRY: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 45 DRY: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (KT)
TABLE 46 DRY: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (KT)
10.3 LIQUID
10.3.1 RISE IN DEMAND FOR FOOD AND COSMETIC PRODUCTS IN AQUEOUS MATRIX
TABLE 47 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 48 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 49 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (KT)
TABLE 50 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (KT)
11 PHYTOSTEROLS MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 31 PHYTOSTEROLS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
TABLE 51 PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 52 PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 53 PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (KT)
TABLE 54 PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (KT)
11.2 MACRO INDICATORS OF RECESSION
FIGURE 32 INDICATORS OF RECESSION
FIGURE 33 WORLD INFLATION RATE: 2011-2021
FIGURE 34 GLOBAL GDP: 2011-2021 (USD TRILLION)
FIGURE 35 PHYTOSTEROLS MARKET: EARLIER FORECAST VS. RECESSION FORECAST
FIGURE 36 RECESSION INDICATORS AND THEIR IMPACT ON PHYTOSTEROLS MARKET
FIGURE 37 GLOBAL PHYTOSTEROLS MARKET: EARLIER FORECAST VS. RECESSION FORECAST
11.3 NORTH AMERICA
11.3.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
FIGURE 38 INFLATION: COUNTRY-LEVEL DATA (2018-2021)
FIGURE 39 NORTH AMERICAN PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS
TABLE 55 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 56 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 57 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 58 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
TABLE 59 NORTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 60 NORTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 61 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 62 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 63 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 64 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
11.3.2 US
11.3.2.1 Consumer inclination toward functional food products due to rise in chronic diseases to drive market
TABLE 65 US: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 66 US: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.3 CANADA
11.3.3.1 Booming food & beverage industry to drive demand for phytosterols
TABLE 67 CANADA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 68 CANADA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.4 MEXICO
11.3.4.1 Change in diet patterns and rise in disposable income to propel market
TABLE 69 MEXICO: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 70 MEXICO: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.4.2 Asia Pacific
11.3.5 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
FIGURE 40 INFLATION: COUNTRY-LEVEL DATA (2018-2021)
FIGURE 41 ASIA PACIFIC PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS
FIGURE 42 ASIA PACIFIC: PHYTOSTEROLS MARKET SNAPSHOT
TABLE 71 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2019–2022 (USD MILLION)
TABLE 72 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION)
TABLE 73 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 74 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
TABLE 75 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 76 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 77 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 78 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 79 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 80 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
11.3.6 CHINA
11.3.6.1 Growing demand for phytosterols-based pharma active ingredients
TABLE 81 CHINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 82 CHINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.7 INDIA
11.3.7.1 Consumer willingness to spend on fortified and enriched food products
TABLE 83 INDIA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 84 INDIA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.8 JAPAN
11.3.8.1 Expanding aging population and consumer demand
TABLE 85 JAPAN: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 86 JAPAN: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.9 AUSTRALIA & NEW ZEALAND
11.3.9.1 Rise in aging population and health awareness
TABLE 87 AUSTRALIA & NEW ZEALAND: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 88 AUSTRALIA & NEW ZEALAND: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.10 REST OF ASIA PACIFIC
TABLE 89 REST OF ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 90 REST OF ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4 EUROPE
11.4.1 EUROPE: RECESSION IMPACT ANALYSIS
FIGURE 43 INFLATION: COUNTRY-LEVEL DATA (2018-2021)
FIGURE 44 EUROPEAN PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS
FIGURE 45 EUROPE: PHYTOSTEROLS MARKET SNAPSHOT
TABLE 91 EUROPE: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2019–2022 (USD MILLION)
TABLE 92 EUROPE: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION)
TABLE 93 EUROPE: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 94 EUROPE: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
TABLE 95 EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 96 EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 97 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 98 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 99 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 100 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
11.4.2 GERMANY
11.4.2.1 Strong food & beverage retail sales and increasing consumption of plant-based food
TABLE 101 GERMANY: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 102 GERMANY: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.3 FRANCE
11.4.3.1 Government measures to increase production of healthy and sustainable plant-based products
TABLE 103 FRANCE: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 104 FRANCE: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.4 UK
11.4.4.1 Large consumer base with increased health awareness
TABLE 105 UK: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 106 UK: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.5 ITALY
11.4.5.1 Dominant position in pharmaceutical sector and rising consumer preference for healthy food products
TABLE 107 ITALY: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 108 ITALY: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.6 SPAIN
11.4.6.1 High demand for non-dairy products such as margarine
TABLE 109 SPAIN: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 110 SPAIN: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.7 REST OF EUROPE
TABLE 111 REST OF EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 112 REST OF EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.5 SOUTH AMERICA
11.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
FIGURE 46 INFLATION: COUNTRY-LEVEL DATA (2018-2021)
FIGURE 47 SOUTH AMERICAN PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS
TABLE 113 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 114 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 115 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 116 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
TABLE 117 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 118 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 119 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 120 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 121 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 122 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
11.5.2 BRAZIL
11.5.2.1 Boost in soybean production to drive market
TABLE 123 BRAZIL: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 124 BRAZIL: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.5.3 ARGENTINA
11.5.3.1 Rise in market volume of plant-based sector to impact phytosterols industry
TABLE 125 ARGENTINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 126 ARGENTINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.5.4 REST OF SOUTH AMERICA
TABLE 127 REST OF SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 128 REST OF SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.6 ROW
11.6.1 ROW: RECESSION IMPACT ANALYSIS
FIGURE 48 INFLATION: COUNTRY-LEVEL DATA (2018-2021)
FIGURE 49 ROW PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS
TABLE 129 ROW: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 130 ROW: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 131 ROW: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 132 ROW: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
TABLE 133 ROW: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 134 ROW: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 135 ROW: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 136 ROW: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 137 ROW: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 138 ROW: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
11.6.2 AFRICA
11.6.2.1 Surge in cases of CVDs to drive demand
TABLE 139 AFRICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 140 AFRICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.6.3 MIDDLE EAST
11.6.3.1 Rising incidences of diabetes and cardiac diseases to fuel demand
TABLE 141 MIDDLE EAST: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 142 MIDDLE EAST: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 MARKET SHARE ANALYSIS, 2022
TABLE 143 GLOBAL PHYTOSTEROLS MARKET: DEGREE OF COMPETITION (COMPETITIVE)
12.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS
FIGURE 50 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD MILLION)
12.4 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 144 STRATEGIES ADOPTED BY KEY PHYTOSTEROLS MANUFACTURERS
12.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS)
12.5.1 STARS
12.5.2 EMERGING LEADERS
12.5.3 PERVASIVE PLAYERS
12.5.4 PARTICIPANTS
FIGURE 51 GLOBAL PHYTOSTEROLS MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS)
12.6 PRODUCT FOOTPRINT
TABLE 145 COMPANY FORM FOOTPRINT
TABLE 146 COMPANY APPLICATION FOOTPRINT
TABLE 147 COMPANY REGIONAL FOOTPRINT
TABLE 148 OVERALL COMPANY FOOTPRINT
12.7 GLOBAL PHYTOSTEROLS MARKET: EVALUATION QUADRANT FOR START-UPS/SMES, 2022
12.7.1 PROGRESSIVE COMPANIES
12.7.2 STARTING BLOCKS
12.7.3 RESPONSIVE COMPANIES
12.7.4 DYNAMIC COMPANIES
FIGURE 52 GLOBAL PHYTOSTEROLS MARKET: COMPANY EVALUATION QUADRANT, 2022 (START-UPS/SMES)
12.7.5 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
TABLE 149 GLOBAL PHYTOSTEROLS MARKET: DETAILED LIST OF KEY START-UPS/SMES
TABLE 150 GLOBAL PHYTOSTEROLS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
12.8 COMPETITIVE SCENARIO
12.8.1 DEALS
TABLE 151 PHYTOSTEROLS: DEALS, 2018–2022
12.8.2 OTHERS
TABLE 152 PHYTOSTEROLS: OTHERS, 2019–2022
13 COMPANY PROFILES
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
13.1 KEY COMPANIES
13.1.1 ADM
TABLE 153 ADM: BUSINESS OVERVIEW
FIGURE 53 ADM: COMPANY SNAPSHOT
TABLE 154 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 155 ADM: OTHERS
13.1.2 BASF SE
TABLE 156 BASF SE: BUSINESS OVERVIEW
FIGURE 54 BASF SE: COMPANY SNAPSHOT
TABLE 157 BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.3 CARGILL, INCORPORATED
TABLE 158 CARGILL, INCORPORATED: BUSINESS OVERVIEW
FIGURE 55 CARGILL, INCORPORATED: COMPANY SNAPSHOT
TABLE 159 CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 160 CARGILL, INCORPORATED: DEALS
13.1.4 INTERNATIONAL FLAVORS & FRAGRANCES INC.
TABLE 161 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
FIGURE 56 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
TABLE 162 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 163 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS
13.1.5 ASHLAND
TABLE 164 ASHLAND: BUSINESS OVERVIEW
FIGURE 57 ASHLAND: COMPANY SNAPSHOT
TABLE 165 ASHLAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.6 MATRIX LIFE SCIENCE
TABLE 166 MATRIX LIFE SCIENCE: BUSINESS OVERVIEW
TABLE 167 MATRIX LIFE SCIENCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.7 AOM
TABLE 168 AOM: BUSINESS OVERVIEW
TABLE 169 AOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 170 AOM: OTHERS
13.1.8 LIPOFOODS
TABLE 171 LIPOFOODS: BUSINESS OVERVIEW
TABLE 172 LIPOFOODS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.9 AVANTI POLAR LIPIDS
TABLE 173 AVANTI POLAR LIPIDS: BUSINESS OVERVIEW
TABLE 174 AVANTI POLAR LIPIDS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 175 AVANTI POLAR LIPIDS: DEALS
13.1.10 DRT
TABLE 176 DRT: BUSINESS OVERVIEW
TABLE 177 DRT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 178 DRT: DEALS
13.1.11 WILMAR INTERNATIONAL LTD.
TABLE 179 WILMAR INTERNATIONAL LTD: BUSINESS OVERVIEW
FIGURE 58 WILMAR INTERNATIONAL LTD: COMPANY SNAPSHOT
TABLE 180 WILMAR INTERNATIONAL LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.12 VITAE NATURALS
TABLE 181 VITAE NATURALS: BUSINESS OVERVIEW
TABLE 182 VITAE NATURALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.13 TAMA BIOCHEMICAL CO., LTD.
TABLE 183 TAMA BIOCHEMICALS CO., LTD.: BUSINESS OVERVIEW
TABLE 184 TAMA BIOCHEMICALS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.14 BOC SCIENCES
TABLE 185 BOC SCIENCES: BUSINESS OVERVIEW
TABLE 186 BOC SCIENCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.15 HERBO NUTRA
TABLE 187 HERBO NUTRA: BUSINESS OVERVIEW
TABLE 188 HERBO NUTRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.16 CD BIOPARTICLES
TABLE 189 CD BIOPARTICLES: BUSINESS OVERVIEW
TABLE 190 CD BIOPARTICLES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.17 FOODCHEM INTERNATIONAL CORPORATION
TABLE 191 FOODCHEM INTERNATIONAL CORPORATION: BUSINESS OVERVIEW
TABLE 192 FOODCHEM INTERNATIONAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.18 PIONEER ENTERPRISE
TABLE 193 PIONEER ENTERPRISE: BUSINESS OVERVIEW
TABLE 194 PIONEER ENTERPRISE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.19 GFN & SELCO
TABLE 195 GFN & SELCO: BUSINESS OVERVIEW
TABLE 196 GFN & SELCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.20 MMP INC.
TABLE 197 MMP INC.: BUSINESS OVERVIEW
TABLE 198 MMP INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13.2 OTHER PLAYERS
13.2.1 LIFESCIENCES LLP
TABLE 199 IPSUM LIFESCIENCES LLP: COMPANY OVERVIEW
13.2.2 XI'AN HEALTHFUL BIOTECHNOLOGY CO., LTD
TABLE 200 XI’AN HEALTHFUL BIOTECHNOLOGY CO., LTD: COMPANY OVERVIEW
13.2.3 EVONIK INDUSTRIES AG
TABLE 201 EVONIK INDUSTRIES AG: COMPANY OVERVIEW
13.2.4 HYPHYTO INC.
TABLE 202 HYPHYTO INC.: COMPANY OVERVIEW
13.2.5 CANNOILS LLC
TABLE 203 CANNOILS LLC: COMPANY OVERVIEW
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
TABLE 204 ADJACENT MARKETS
14.2 RESEARCH LIMITATIONS
14.3 CAROTENOIDS MARKET
14.3.1 MARKET DEFINITION
14.3.2 MARKET OVERVIEW
TABLE 205 CAROTENOIDS MARKET, BY FORMULATION, 2017–2026 (USD MILLION)
14.4 FUNCTIONAL FOOD INGREDIENTS MARKET
14.4.1 MARKET DEFINITION
14.4.2 MARKET OVERVIEW
TABLE 206 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE, 2021–2026 (USD MILLION)
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 MARKET SEGMENTATION
1.4 REGIONS COVERED
1.5 YEARS CONSIDERED
1.6 UNITS CONSIDERED
1.6.1 CURRENCY UNIT
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022
1.6.2 VOLUME UNIT
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 PHYTOSTEROLS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.2.3 Key primary insights
2.2 MARKET SIZE ESTIMATION
2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON FORM, BY REGION)
2.2.2 APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET)
2.3 DATA TRIANGULATION
FIGURE 3 DATA TRIANGULATION METHODOLOGY
2.4 STUDY ASSUMPTIONS
2.5 STUDY LIMITATIONS AND RISK ASSESSMENT
3 EXECUTIVE SUMMARY
TABLE 2 PHYTOSTEROLS MARKET SNAPSHOT, 2023 VS. 2028
FIGURE 4 PHYTOSTEROLS MARKET, BY COMPOSITION, 2023 VS. 2028 (USD MILLION)
FIGURE 5 PHYTOSTEROLS MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)
FIGURE 6 PHYTOSTEROLS MARKET, BY FORM, 2023 VS. 2028 (USD MILLION)
FIGURE 7 PHYTOSTEROLS MARKET (VALUE), BY REGION, 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PHYTOSTEROLS MARKET
FIGURE 8 RISING CONSUMER HEALTH AWARENESS AND DEMAND FOR PHYTOSTEROL TO DRIVE MARKET
4.2 EUROPE: PHYTOSTEROLS MARKET, BY COMPOSITION AND COUNTRY (2022)
FIGURE 9 BETA-SITOSTEROL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE
4.3 PHYTOSTEROLS MARKET, BY COMPOSITION
FIGURE 10 BETA-SITOSTEROL COMPOSITION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.4 PHYTOSTEROLS MARKET, BY APPLICATION
FIGURE 11 FOOD & BEVERAGES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.5 PHYTOSTEROLS MARKET, BY FOOD SUB-APPLICATION
FIGURE 12 BAKERY & CONFECTIONERY PRODUCTS TO DOMINATE MARKET DURING FORECAST PERIOD
4.6 PHYTOSTEROLS MARKET, BY FORM
FIGURE 13 DRY FORM SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MACROECONOMIC INDICATORS
5.2.1 INCREASE IN RETAIL SALES
FIGURE 14 RETAIL AND FOOD SERVICE SALES IN US (USD BILLION)
5.2.2 GROWTH OPPORTUNITIES IN DEVELOPING COUNTRIES OF ASIA PACIFIC AND SOUTH AMERICA
FIGURE 15 GDP GROWTH RATE IN ASIAN COUNTRIES, 2020-21
5.3 MARKET DYNAMICS
FIGURE 16 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Rise in consumer health awareness post-COVID-19 pandemic for functional food & beverages
5.3.1.2 Rising demand for livestock products
5.3.1.3 Growing demand for superior personal and healthcare products
5.3.2 RESTRAINTS
5.3.2.1 Side-effects of phytosterols
5.3.2.2 Concerns regarding vitamin deficiency
5.3.3 OPPORTUNITIES
5.3.3.1 Global rise in prevalence of chronic diseases
5.3.4 CHALLENGES
5.3.4.1 High popularity of other functional ingredients
5.3.4.2 Lack of consumer awareness in developing and under-developed countries
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT
6.2.2 RAW MATERIAL SOURCING
6.2.3 PRODUCTION AND PROCESSING
6.2.4 DISTRIBUTION
6.2.5 MARKETING & SALES
FIGURE 17 VALUE CHAIN ANALYSIS OF PHYTOSTEROLS MARKET
6.3 TECHNOLOGY ANALYSIS
6.3.1 HYDROPHILIC PHYTOSTEROL DERIVATIVES
6.4 PRICING ANALYSIS: PHYTOSTEROLS MARKET
6.4.1 AVERAGE SELLING PRICE, BY FORM
FIGURE 18 GLOBAL: AVERAGE SELLING PRICE, BY FORM (USD/TON)
TABLE 3 PHYTOSTEROLS: AVERAGE SELLING PRICE, BY FORM, 2020–2022 (USD/TON)
TABLE 4 DRY PHYTOSTEROLS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON)
TABLE 5 LIQUID PHYTOSTEROLS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON)
FIGURE 19 PHYTOSTEROLS: AVERAGE SELLING PRICE, BY COMPANY, 2020–2022 (USD/TON)
6.5 MARKET MAPPING AND ECOSYSTEM OF PHYTOSTEROLS
6.5.1 DEMAND SIDE
6.5.2 SUPPLY SIDE
FIGURE 20 PHYTOSTEROLS: MARKET MAP
TABLE 6 PHYTOSTEROLS MARKET: SUPPLY CHAIN (ECOSYSTEM)
FIGURE 21 PHYTOSTEROLS: ECOSYSTEM MAPPING
6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 22 REVENUE SHIFT FOR PHYTOSTEROLS MARKET
6.7 PHYTOSTEROL MARKET: PATENT ANALYSIS
FIGURE 23 NUMBER OF PATENTS GRANTED BETWEEN 2013 AND 2022
FIGURE 24 TOP 10 INVENTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS
FIGURE 25 LEADING APPLICANTS WITH HIGHEST NUMBER OF PATENT DOCUMENTS
TABLE 7 PATENTS PERTAINING TO PHYTOSTEROLS MARKET, 2021–2022
6.8 TRADE ANALYSIS
6.8.1 SOYBEAN (2021)
TABLE 8 TOP 10 IMPORTERS AND EXPORTERS OF SOYBEAN, 2021 (KG)
6.9 KEY CONFERENCES AND EVENTS
TABLE 9 KEY CONFERENCES AND EVENTS IN PHYTOSTEROLS AND RELATED INDUSTRIES, 2023–2024
6.10 TARIFF AND REGULATORY LANDSCAPE
6.10.1 NORTH AMERICA
6.10.2 US
6.10.3 CANADA
6.10.4 EUROPEAN UNION
6.10.4.1 EU Food Law
6.10.4.2 European Food Safety Authority (EFSA)
6.10.4.3 EU Cosmetics Regulation (EC) No. 1223/2009
6.10.5 ASIA PACIFIC
6.10.6 CHINA
6.10.7 JAPAN
6.10.8 INDIA
6.10.9 SOUTH AMERICA
6.10.10 BRAZIL
6.10.11 MIDDLE EAST
6.10.12 UAE
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.11 PORTER’S FIVE FORCES ANALYSIS
TABLE 13 PHYTOSTEROLS MARKET: PORTER’S FIVE FORCES ANALYSIS
6.11.1 INTENSITY OF COMPETITIVE RIVALRY
6.11.2 BARGAINING POWER OF SUPPLIERS
6.11.3 BARGAINING POWER OF BUYERS
6.11.4 THREAT OF SUBSTITUTES
6.11.5 THREAT OF NEW ENTRANTS
6.12 KEY STAKEHOLDERS AND BUYING CRITERIA
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF KEY FORMS
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FORMS OF PHYTOSTEROLS (%)
6.12.2 BUYING CRITERIA
TABLE 15 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
FIGURE 27 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR
6.13 CASE STUDIES
6.13.1 ADM: SCIENCE AND TECHNOLOGY (S&T) CENTER IN CHINA
TABLE 16 AOM: INDUSTRIAL EXPANSION IN SPAIN
7 PHYTOSTEROLS MARKET, BY APPLICATION
7.1 INTRODUCTION
FIGURE 28 PHYTOSTEROLS MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)
TABLE 17 PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 18 PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
7.2 FOOD & BEVERAGE
7.2.1 CONSUMER SHIFT TOWARD HEALTHY AND NUTRITIVE LIFESTYLES TO DRIVE MARKET
TABLE 19 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 20 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 21 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY SUB-APPLICATION, 2019–2022 (USD MILLION)
TABLE 22 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY SUB-APPLICATION, 2023–2028 (USD MILLION)
7.2.2 DAIRY PRODUCTS
7.2.3 BAKERY AND CONFECTIONERY PRODUCTS
7.2.4 NUTRITIONAL PRODUCTS
7.2.5 SNACKS & CEREALS
7.2.6 BEVERAGES
7.2.7 OTHER FOOD APPLICATIONS
7.3 PHARMACEUTICALS
7.3.1 INCREASING NUMBER OF AGED POPULATION WORLDWIDE TO SUPPORT MARKET GROWTH
TABLE 23 PHARMACEUTICALS: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 24 PHARMACEUTICALS: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
7.4 COSMETICS & PERSONAL CARE PRODUCTS
7.4.1 HIGH STRESS ON PERSONAL GROOMING TO FUEL DEMAND FOR COSMETIC PRODUCTS
TABLE 25 COSMETICS & PERSONAL CARE PRODUCTS: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 26 COSMETICS & PERSONAL CARE PRODUCTS: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
7.4.1.1 FEED
7.4.2 RISING DEMAND FOR LIVESTOCK PRODUCTS AND CONCERNS REGARDING ANIMAL NUTRITION TO FUEL DEMAND FOR PHYTOSTEROLS
TABLE 27 FEED: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 28 FEED: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
8 PHYTOSTEROLS MARKET, BY COMPOSITION
8.1 INTRODUCTION
FIGURE 29 GLOBAL PHYTOSTEROLS MARKET, BY COMPOSITION, 2023 VS. 2028 (USD MILLION)
TABLE 29 PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 30 PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
8.2 BETA-SITOSTEROL
8.2.1 GROWING INCIDENCES OF PROSTATE CANCER AND AGEING POPULATION TO DRIVE DEMAND
TABLE 31 BETA-SITOSTEROL: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 32 BETA-SITOSTEROL: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
8.2.1.1 CAMPESTEROL
8.2.2 GROWTH IN SPORTS AND VETERINARY MEDICINE INDUSTRY TO DRIVE MARKET FOR CAMPESTEROLS
TABLE 33 CAMPESTEROL: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 34 CAMPESTEROL: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
8.2.2.1 STIGMASTEROL
8.2.3 RISE IN DEMAND FOR VITAMIN D3 AND STEROIDS TO DRIVE MARKET
TABLE 35 STIGMASTEROL: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 36 STIGMASTEROL: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
8.3 OTHER COMPOSITIONS
TABLE 37 OTHER COMPOSITIONS: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 38 OTHER COMPOSITIONS: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
9 PHYTOSTEROLS MARKET, BY SOURCE
9.1 INTRODUCTION
9.2 VEGETABLE OILS
9.2.1 HIGHER CONCENTRATION OF PHYTOSTEROLS IN VEGETABLE OILS TO GIVE RISE TO ITS POPULARITY
9.3 NUTS & SEEDS
9.3.1 HIGH FIBER CONTENT IN NUTS & SEEDS TO DRIVE MARKET FOR PHYTOSTEROL
9.4 WHOLE GRAINS
9.4.1 VERSATILITY OF WHOLE GRAINS TO FUEL MARKET FOR PHYTOSTEROLS
9.5 OTHER SOURCES
10 PHYTOSTEROLS MARKET, BY FORM
10.1 INTRODUCTION
FIGURE 30 DRY FORM TO DOMINATE MARKET DURING FORECAST PERIOD (USD MILLION)
TABLE 39 PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 40 PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 41 PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 42 PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
10.2 DRY
10.2.1 LONGER SHELF LIFE, LESSER PROCESSING, AND CONVENIENT PACKAGING TO FUEL DEMAND
TABLE 43 DRY: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 44 DRY: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 45 DRY: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (KT)
TABLE 46 DRY: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (KT)
10.3 LIQUID
10.3.1 RISE IN DEMAND FOR FOOD AND COSMETIC PRODUCTS IN AQUEOUS MATRIX
TABLE 47 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 48 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 49 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (KT)
TABLE 50 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (KT)
11 PHYTOSTEROLS MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 31 PHYTOSTEROLS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
TABLE 51 PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 52 PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 53 PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (KT)
TABLE 54 PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (KT)
11.2 MACRO INDICATORS OF RECESSION
FIGURE 32 INDICATORS OF RECESSION
FIGURE 33 WORLD INFLATION RATE: 2011-2021
FIGURE 34 GLOBAL GDP: 2011-2021 (USD TRILLION)
FIGURE 35 PHYTOSTEROLS MARKET: EARLIER FORECAST VS. RECESSION FORECAST
FIGURE 36 RECESSION INDICATORS AND THEIR IMPACT ON PHYTOSTEROLS MARKET
FIGURE 37 GLOBAL PHYTOSTEROLS MARKET: EARLIER FORECAST VS. RECESSION FORECAST
11.3 NORTH AMERICA
11.3.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS
FIGURE 38 INFLATION: COUNTRY-LEVEL DATA (2018-2021)
FIGURE 39 NORTH AMERICAN PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS
TABLE 55 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 56 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 57 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 58 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
TABLE 59 NORTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 60 NORTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 61 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 62 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 63 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 64 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
11.3.2 US
11.3.2.1 Consumer inclination toward functional food products due to rise in chronic diseases to drive market
TABLE 65 US: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 66 US: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.3 CANADA
11.3.3.1 Booming food & beverage industry to drive demand for phytosterols
TABLE 67 CANADA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 68 CANADA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.4 MEXICO
11.3.4.1 Change in diet patterns and rise in disposable income to propel market
TABLE 69 MEXICO: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 70 MEXICO: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.4.2 Asia Pacific
11.3.5 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
FIGURE 40 INFLATION: COUNTRY-LEVEL DATA (2018-2021)
FIGURE 41 ASIA PACIFIC PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS
FIGURE 42 ASIA PACIFIC: PHYTOSTEROLS MARKET SNAPSHOT
TABLE 71 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2019–2022 (USD MILLION)
TABLE 72 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION)
TABLE 73 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 74 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
TABLE 75 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 76 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 77 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 78 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 79 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 80 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
11.3.6 CHINA
11.3.6.1 Growing demand for phytosterols-based pharma active ingredients
TABLE 81 CHINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 82 CHINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.7 INDIA
11.3.7.1 Consumer willingness to spend on fortified and enriched food products
TABLE 83 INDIA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 84 INDIA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.8 JAPAN
11.3.8.1 Expanding aging population and consumer demand
TABLE 85 JAPAN: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 86 JAPAN: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.9 AUSTRALIA & NEW ZEALAND
11.3.9.1 Rise in aging population and health awareness
TABLE 87 AUSTRALIA & NEW ZEALAND: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 88 AUSTRALIA & NEW ZEALAND: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.10 REST OF ASIA PACIFIC
TABLE 89 REST OF ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 90 REST OF ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4 EUROPE
11.4.1 EUROPE: RECESSION IMPACT ANALYSIS
FIGURE 43 INFLATION: COUNTRY-LEVEL DATA (2018-2021)
FIGURE 44 EUROPEAN PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS
FIGURE 45 EUROPE: PHYTOSTEROLS MARKET SNAPSHOT
TABLE 91 EUROPE: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2019–2022 (USD MILLION)
TABLE 92 EUROPE: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION)
TABLE 93 EUROPE: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 94 EUROPE: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
TABLE 95 EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 96 EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 97 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 98 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 99 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 100 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
11.4.2 GERMANY
11.4.2.1 Strong food & beverage retail sales and increasing consumption of plant-based food
TABLE 101 GERMANY: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 102 GERMANY: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.3 FRANCE
11.4.3.1 Government measures to increase production of healthy and sustainable plant-based products
TABLE 103 FRANCE: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 104 FRANCE: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.4 UK
11.4.4.1 Large consumer base with increased health awareness
TABLE 105 UK: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 106 UK: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.5 ITALY
11.4.5.1 Dominant position in pharmaceutical sector and rising consumer preference for healthy food products
TABLE 107 ITALY: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 108 ITALY: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.6 SPAIN
11.4.6.1 High demand for non-dairy products such as margarine
TABLE 109 SPAIN: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 110 SPAIN: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.7 REST OF EUROPE
TABLE 111 REST OF EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 112 REST OF EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.5 SOUTH AMERICA
11.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS
FIGURE 46 INFLATION: COUNTRY-LEVEL DATA (2018-2021)
FIGURE 47 SOUTH AMERICAN PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS
TABLE 113 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 114 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 115 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 116 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
TABLE 117 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 118 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 119 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 120 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 121 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 122 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
11.5.2 BRAZIL
11.5.2.1 Boost in soybean production to drive market
TABLE 123 BRAZIL: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 124 BRAZIL: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.5.3 ARGENTINA
11.5.3.1 Rise in market volume of plant-based sector to impact phytosterols industry
TABLE 125 ARGENTINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 126 ARGENTINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.5.4 REST OF SOUTH AMERICA
TABLE 127 REST OF SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 128 REST OF SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.6 ROW
11.6.1 ROW: RECESSION IMPACT ANALYSIS
FIGURE 48 INFLATION: COUNTRY-LEVEL DATA (2018-2021)
FIGURE 49 ROW PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS
TABLE 129 ROW: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 130 ROW: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 131 ROW: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION)
TABLE 132 ROW: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION)
TABLE 133 ROW: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 134 ROW: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 135 ROW: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION)
TABLE 136 ROW: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION)
TABLE 137 ROW: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT)
TABLE 138 ROW: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT)
11.6.2 AFRICA
11.6.2.1 Surge in cases of CVDs to drive demand
TABLE 139 AFRICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 140 AFRICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.6.3 MIDDLE EAST
11.6.3.1 Rising incidences of diabetes and cardiac diseases to fuel demand
TABLE 141 MIDDLE EAST: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 142 MIDDLE EAST: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 MARKET SHARE ANALYSIS, 2022
TABLE 143 GLOBAL PHYTOSTEROLS MARKET: DEGREE OF COMPETITION (COMPETITIVE)
12.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS
FIGURE 50 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD MILLION)
12.4 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 144 STRATEGIES ADOPTED BY KEY PHYTOSTEROLS MANUFACTURERS
12.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS)
12.5.1 STARS
12.5.2 EMERGING LEADERS
12.5.3 PERVASIVE PLAYERS
12.5.4 PARTICIPANTS
FIGURE 51 GLOBAL PHYTOSTEROLS MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS)
12.6 PRODUCT FOOTPRINT
TABLE 145 COMPANY FORM FOOTPRINT
TABLE 146 COMPANY APPLICATION FOOTPRINT
TABLE 147 COMPANY REGIONAL FOOTPRINT
TABLE 148 OVERALL COMPANY FOOTPRINT
12.7 GLOBAL PHYTOSTEROLS MARKET: EVALUATION QUADRANT FOR START-UPS/SMES, 2022
12.7.1 PROGRESSIVE COMPANIES
12.7.2 STARTING BLOCKS
12.7.3 RESPONSIVE COMPANIES
12.7.4 DYNAMIC COMPANIES
FIGURE 52 GLOBAL PHYTOSTEROLS MARKET: COMPANY EVALUATION QUADRANT, 2022 (START-UPS/SMES)
12.7.5 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
TABLE 149 GLOBAL PHYTOSTEROLS MARKET: DETAILED LIST OF KEY START-UPS/SMES
TABLE 150 GLOBAL PHYTOSTEROLS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
12.8 COMPETITIVE SCENARIO
12.8.1 DEALS
TABLE 151 PHYTOSTEROLS: DEALS, 2018–2022
12.8.2 OTHERS
TABLE 152 PHYTOSTEROLS: OTHERS, 2019–2022
13 COMPANY PROFILES
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
13.1 KEY COMPANIES
13.1.1 ADM
TABLE 153 ADM: BUSINESS OVERVIEW
FIGURE 53 ADM: COMPANY SNAPSHOT
TABLE 154 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 155 ADM: OTHERS
13.1.2 BASF SE
TABLE 156 BASF SE: BUSINESS OVERVIEW
FIGURE 54 BASF SE: COMPANY SNAPSHOT
TABLE 157 BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.3 CARGILL, INCORPORATED
TABLE 158 CARGILL, INCORPORATED: BUSINESS OVERVIEW
FIGURE 55 CARGILL, INCORPORATED: COMPANY SNAPSHOT
TABLE 159 CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 160 CARGILL, INCORPORATED: DEALS
13.1.4 INTERNATIONAL FLAVORS & FRAGRANCES INC.
TABLE 161 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW
FIGURE 56 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT
TABLE 162 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 163 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS
13.1.5 ASHLAND
TABLE 164 ASHLAND: BUSINESS OVERVIEW
FIGURE 57 ASHLAND: COMPANY SNAPSHOT
TABLE 165 ASHLAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.6 MATRIX LIFE SCIENCE
TABLE 166 MATRIX LIFE SCIENCE: BUSINESS OVERVIEW
TABLE 167 MATRIX LIFE SCIENCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.7 AOM
TABLE 168 AOM: BUSINESS OVERVIEW
TABLE 169 AOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 170 AOM: OTHERS
13.1.8 LIPOFOODS
TABLE 171 LIPOFOODS: BUSINESS OVERVIEW
TABLE 172 LIPOFOODS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.9 AVANTI POLAR LIPIDS
TABLE 173 AVANTI POLAR LIPIDS: BUSINESS OVERVIEW
TABLE 174 AVANTI POLAR LIPIDS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 175 AVANTI POLAR LIPIDS: DEALS
13.1.10 DRT
TABLE 176 DRT: BUSINESS OVERVIEW
TABLE 177 DRT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 178 DRT: DEALS
13.1.11 WILMAR INTERNATIONAL LTD.
TABLE 179 WILMAR INTERNATIONAL LTD: BUSINESS OVERVIEW
FIGURE 58 WILMAR INTERNATIONAL LTD: COMPANY SNAPSHOT
TABLE 180 WILMAR INTERNATIONAL LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.12 VITAE NATURALS
TABLE 181 VITAE NATURALS: BUSINESS OVERVIEW
TABLE 182 VITAE NATURALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.13 TAMA BIOCHEMICAL CO., LTD.
TABLE 183 TAMA BIOCHEMICALS CO., LTD.: BUSINESS OVERVIEW
TABLE 184 TAMA BIOCHEMICALS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.14 BOC SCIENCES
TABLE 185 BOC SCIENCES: BUSINESS OVERVIEW
TABLE 186 BOC SCIENCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.15 HERBO NUTRA
TABLE 187 HERBO NUTRA: BUSINESS OVERVIEW
TABLE 188 HERBO NUTRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.16 CD BIOPARTICLES
TABLE 189 CD BIOPARTICLES: BUSINESS OVERVIEW
TABLE 190 CD BIOPARTICLES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.17 FOODCHEM INTERNATIONAL CORPORATION
TABLE 191 FOODCHEM INTERNATIONAL CORPORATION: BUSINESS OVERVIEW
TABLE 192 FOODCHEM INTERNATIONAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.18 PIONEER ENTERPRISE
TABLE 193 PIONEER ENTERPRISE: BUSINESS OVERVIEW
TABLE 194 PIONEER ENTERPRISE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.19 GFN & SELCO
TABLE 195 GFN & SELCO: BUSINESS OVERVIEW
TABLE 196 GFN & SELCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.20 MMP INC.
TABLE 197 MMP INC.: BUSINESS OVERVIEW
TABLE 198 MMP INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13.2 OTHER PLAYERS
13.2.1 LIFESCIENCES LLP
TABLE 199 IPSUM LIFESCIENCES LLP: COMPANY OVERVIEW
13.2.2 XI'AN HEALTHFUL BIOTECHNOLOGY CO., LTD
TABLE 200 XI’AN HEALTHFUL BIOTECHNOLOGY CO., LTD: COMPANY OVERVIEW
13.2.3 EVONIK INDUSTRIES AG
TABLE 201 EVONIK INDUSTRIES AG: COMPANY OVERVIEW
13.2.4 HYPHYTO INC.
TABLE 202 HYPHYTO INC.: COMPANY OVERVIEW
13.2.5 CANNOILS LLC
TABLE 203 CANNOILS LLC: COMPANY OVERVIEW
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
TABLE 204 ADJACENT MARKETS
14.2 RESEARCH LIMITATIONS
14.3 CAROTENOIDS MARKET
14.3.1 MARKET DEFINITION
14.3.2 MARKET OVERVIEW
TABLE 205 CAROTENOIDS MARKET, BY FORMULATION, 2017–2026 (USD MILLION)
14.4 FUNCTIONAL FOOD INGREDIENTS MARKET
14.4.1 MARKET DEFINITION
14.4.2 MARKET OVERVIEW
TABLE 206 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE, 2021–2026 (USD MILLION)
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
The report “Phytosterols Market by Type (Beta-sitosterol, Campesterol, and Stigmasterol), by Application (Food Ingredients, Pharmaceuticals, Cosmetics, and Feed) & by Region - Global Trends & Forecast to 2020”, defines and segments the global market with an analysis of current demand and forecasted consumption in terms of volume ($million).
The global phytosterols market, in terms of value, is projected to reach $721.26 Million by 2020, at a CAGR of 8.7% from 2015 to 2020.
The market is segmented and market values are forecasted for the major regions, such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). The key countries are covered and their market sizes have been forecasted for each region. Further, the market is segmented and market values are forecasted on the basis of types and applications.
Phytosterols are plant stanols and sterols and found in the fatty tissues of plants. Phytosterols cannot be synthesized by humans and animals due to which they need to be included in the diet. Phytosterols have a chemical structure similar to cholesterol (except for the addition of one ethyl or methyl group); however, the absorption of phytosterols in humans is much lesser that that of cholesterol. Phytosterols are naturally found in all items of plant origin; mainly oils, but also in dried fruits and pulses.
Consumers across the world are becoming more health conscious for foods with additional benefits such as low cholesterol and reduced disease risks. Phytosterol-rich food diets help in reducing cholesterol absorption and reduce the risks of heart diseases. Rapid advances in science and technology, increasing health care costs, aging population, and rising awareness of customers in attaining wellness through diet are the major factors driving the demand for functional food and beverages as well as ingredients such as phytosterols and carotenoids.
The high-growth potential in emerging markets and untapped regions provides new growth opportunities for market players. The growth of this market is driven by growing customer attention towards superior quality food, which should be balanced and nutritive.
The enormous health benefits of phytosterols are projected to drive the market globally. Its increasing end-use applications and increasing number of deaths caused by cardiovascular diseases are major driving factors of phytosterols market, globally. Feed manufacturers and animal nutritionists are focusing on the development of functional animal products (poultry, milk, and meat) enriched with phytosterol, which is important for improving health and meat quality for human consumption.
