The Phytosterols Market generated is likely to reach $935 million by 2022, growing at a CAGR 9.8% during the forecast period, 2014-2020.
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Its contribution to the global market would increase significantly within the next six years. High cost and preference of substitutes are key limitations for purchasing phytosterols. Increase in incidence of coronary heart diseases has fueled the demand for phytosterols. However, poor solubility, poor bioavailability, and side effects such as constipation, diarrhea, bloating, and swelling are observed in pharmaceutical phytosterols, which are expected to drive the demand for improvement in the quality of drugs.
The report provides an in-depth analysis of the global phytosterols market. It incorporates the market size and share, market dynamics, market classification, Porter’s Five Forces Analysis (PFFA), and key market players. The report is a useful resource for stakeholders such as market players, investors, new entrants, and others interested in the market as it assists them to grab a significant market share and devise strategies to survive and grow.
The drivers and restraints analyzed in the report determine the rise and fall of the market. The factors fueling the market growth include the increase in the incidence of coronary heart diseases, type 2 diabetes, high blood pressure, obesity, and peripheral vascular diseases, governmental approvals, and advancements in technologies drive the growth of phytosterols. However, the high cost of phytosterols and preference of substitutes restrain the growth of the market. On the other hand, growing demand for herbal and mineral extracts to be reinforced as food additives in beverages and foods are anticipated to offer opportunities for the growth of the market.
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The report offers a detailed segmentation of the phytosterols market based on material type, application, and geography. Based on the material type, the market is classified as sitosterols, campesterols, stigmasterols, and others. Based on application, the market is bifurcated into food, pharmaceuticals, cosmetics, and feed. Geographically, the market analysis has been done for the regions such as North America, Europe, Asia-Pacific, and LAMEA.
The report provides an extensive analysis of the key players operating in the global phytosterols market. A business overview for each player is provided in the report to help market players and investors gain a comprehensive understanding of the existing competition and determine investment suitability. Furthermore, financial performance and recent developments by the players are also offered in the study. Key market players noted in the study 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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