Sat, 28 May 2022

Phytosterols Market

According to a new report published by Allied Market Research, titled, Phytosterols Market by Market type and Application: Global Opportunity Analysis and Industry Forecast, 2014-2022, the global phytosterols market has generated $490 million in 2015, growing at a CAGR of 9.62% during the forecast period to reach $935 million by 2022. In 2015, Beta-sitosterols type occupied three-fifths share in terms of revenue.

Increase in coronary diseases such as heart disease (Atherosclerosis and heart attack), stroke, type 2 diabetes, high blood pressure, obesity, and peripheral vascular diseases, governmental approvals, and advancements in technologies have fueled the growth of phytosterols. In addition, the rise in awareness of health benefits associated with phytosterols has propelled its demand among consumers. Furthermore, anti-aging and anti-cancerous properties in phytosterols have increased its applications in the cosmetics and pharmaceutical industries. Moreover, regulating bodies such as FDA and various committees have approved the use of phytosterols in food items such as sausages, bakery products, beverages, and others. Phytosterols blended with food products can reduce various health problem like heart risks, coronary heart diseases, increased cholesterol levels, and obesity and the market is expected to find major acceptance in the coming years.

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COVID-19 scenario analysis:

1) The COVID-19 impact on the Phytosterols market is unpredictable and is expected to remain in force till the fourth quarter of 2021.

2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.

3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.

4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.

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Key Finding of Phytosterols Market:

•In the application segment, pharmaceuticals occupied one-third share in 2015.

•The phytosterol market in Asia-Pacific is anticipated to grow with a CAGR of 10.1% during the forecast period.

•In North America, the phytosterols market in the pharmaceuticals segment is expected to grow with a CAGR of 9.7% from 2016-2022.

•The campesterol type occupied more than one-fourth share in 2015.

•In LAMEA, the phytosterols market in -sitosterols segment is likely to achieve a CAGR of 9.1% during the forecast period.

List of Key Players Profiled in the Report:

Top market players in this sector include Archer Daniels Midlands, Cargill Incorporated, Pharmchem Laboratories Inc., BASF SE, E.I. DuPont De Nemours, Raisio plc, Arboris LLC, Unilever plc, Hyphyto Inc., and Gustav Parmenteir GmbH.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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