The phytosterols market is expected 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. This growth is attributed to the increasing demand for phytosterol products due to an increase in health awareness.
The following are some of the key factors driving the growth of the phytosterols market:
- Demand for campesterol: Campesterol is a natural plant sterol that has gained significant attention in recent years due to its potential health benefits, particularly its anti-inflammatory properties. The growing awareness among consumers about the health benefits of natural plant-based products has led to an increased demand for campesterol.
- Pharmaceutical industry: Phytosterols have emerged as a crucial component in the pharmaceutical sector due to their great efficiency and efficacy in decreasing cholesterol absorption in the body. The market for phytosterol supplements is anticipated to rise as the ageing population keeps expanding, creating sizable chances for pharmaceutical businesses to address the rising demand and create new products in this field.
- Liquid segment: Liquid phytosterols are more soluble in water and easier to add to food products, making them a more practical option for food producers. They are also more effective in lowering cholesterol levels than solid phytosterols.
- North American market: The demand for phytosterols is increasing in North America, which is expected to boost market growth during the forecast period. One of the main factors is the growing awareness among consumers of the health benefits of phytosterols in fortified food products.
Overall, the phytosterols market is expected to experience significant growth in the coming years, driven by the increasing demand for phytosterol products due to an increase in health awareness.tuneshareGoogle it