Campaigns to Curb High Prevalence of Obesity and Heart Diseases to Bolster Demand for Phytosterols, says TMR
Albany, NY -- (SBWIRE) -- 04/13/2018 -- Transparency Market Research (TMR) has announced the addition of a new market study on the global phytosterols market. The report is titled "Phytosterols Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021."According to the report, the global phytosterols market, which was valued at US$473.8 mn in 2014, which is expected to reach US$926.7 mn by 2021, expanding at a 10.0% CAGR between 2015 and 2021. In terms of volume, the global phytosterols market was valued at 17.99 mn tons in 2014 and is expected to increase to 32 mn tons by 2021 expanding at a CAGR 8.6% during the forecast period.
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Phytosterols, or plant sterols, are found in cell membranes of plants and are structurally similar to cholesterol in human body. While cholesterols get absorbed in the blood and increase the level of cholesterol in human bodies, phytosterols are not absorbed by the body. In fact, phytosterols prevent cholesterol from being absorbed by the body, thus reducing the level of triglyceride in the human body.
The rising incidences of deaths due to cardiovascular diseases are one of the prime drivers of the phytosterols market. A large number of people living in developed regions such as Europe and North America suffer from coronary heart diseases. This is acting as a major factor propelling the phytosterols market as phytosterols block the absorption of cholesterol, which is one of the leading causes of coronary heart diseases.
The global phytosterols market faces many challenges, one of them being the lack of awareness about the health benefits of phytosterols among the people living in China, India, and other developing countries. The lack of government support is also hampering the growth of the global phytosterols market. The availability of omega-3 fatty acids is affecting the global phytosterols market adversely.
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The global phytosterols market is segmented on the basis of product, application, and geography. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Of these, Europe dominated the market in 2014, accounting for a share of 40% in the global phytosterols market. North America was the second-largest market for phytosterols in 2014, but the Rest of the World is expected to be the fastest growing market between 2015 and 2021.
On the basis of product, the market is segmented into stigmasterol, B-sitosterol, campesterol, and others. Of these, the B-sitosterol segment held the largest share in the global phytosterols market. Campesterol accounted for the second-largest share in the global market and is expected to continue to witness significant growth in the coming years. The growth of the campesterol segment is expected due to the anti-inflammatory properties of campesterol.