San Fancisco, California (PRWEB) July 31, 2014
The global market for phytosterols is expected to reach USD 989.8 million by 2020, according to a new study by Grand View Research, Inc. Phytosterols are widely used as additives in food products such as dairy, sausages, cold cuts, etc. One of the major drivers for the growth of phytosterols market is the favorable regulatory scenario, promoting their use in functional foods and nutraceuticals. In addition, proven ability of phytosterols, to reduce cardiovascular disorders is also expected to have positive impact on market demand. Increasing prevalence of coronary heart diseases is further expected to augment the demand for phytosterols over the next six years.
Food ingredients were the largest application segment for phytosterols, accounting for close to 25,000 tons of global demand in 2013. Increasing consumption of functional foods and beverages in North America and Europe and rising awareness of phytosterols in these regions is expected to play a major role in the development of the application. Pharmaceuticals were the second largest application segment, with market demand exceeding 19,354.0 tons in 2013.
The report “Phytosterols Market Analysis By Application (Pharmaceutical, Cosmetics, Food Ingredients), By Product (Beta-Sitosterol, Campesterol, Stigmasterol, Ergosterol) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/phytosterols-market.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global phytosterols market on the basis of application, product and region:
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
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