Consumption of Phytosterols is Highest in Europe and North America, Market to Exceed US$ 926.7 Million Globally by 2021: Transparency Market Research

ALBANY, New York, September 29, 2015 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Phytosterols Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," the phytosterols market, in terms of revenue was valued at US$473.8 mn in 2014, which is expected to reach US$926.7 mn by 2021, growing at a CAGR of 10.0% from 2015 to 2021. However, in terms of volume, the global phytosterols market was valued at 17.99 million tons in 2014 which is expected to increase to 32 million tons by 2021 growing at a CAGR 8.6% over the forecast period.

Increasing incidences of coronary heart diseases among the residents in the developed regions such as North America and Europe is the major factor propelling the growth of the global phytosterols market. Phytosterols though structurally similar to cholesterol, act as blockages for cholesterol. Phytosterols reduce the triglyceride level in the human body, thereby reducing the chances of coronary heart diseases.

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Consumers residing in India and China and the other developing countries are still unaware about the health benefits offered by phytosterols, thus impeding the growth of the phytosterols market in these regions. Moreover, lack of support from the government regarding the promotion of phytosterols is also restraining the market in the developing regions. Europe held the largest market share with more than 40% market share in the global phytosterols market followed by North America which occupied more than 30% market share.

Archer Daniels Midlands Co, BASF SE, Bunge Ltd, Cargill Inc, E.I. DuPont De Nemours, Raisio plc are some of the major players operating in the global phytosterols market.

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The report covers phytosterols market and provides estimates in terms of revenue (USD million) and volume (million tons) from 2015 to 2021. Market estimates on the basis of product type and application type have also been provided for each region.

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The Market has been segmented as follows:

Global Phytosterols Market, by Product Type 

• B-sitosterol
• Campesterol
• Stigmasterol
• Others

Global Phytosterols Market, by Application Type 

• Food Ingredients
• Pharmaceuticals
• Cosmetics

Global Phytosterols Market, by Geography/Country 

North America 

• The U.S.
• Canada
• Mexico

Europe 

• Germany
• U.K.
• France
• Italy
• Rest of Europe

Asia Pacific 

• India
• China
• Japan
• Rest of Asia Pacific

Rest of the World (RoW) 

• Middle East
• Latin America
• Africa

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SOURCE Transparency Market Research