Global Phytosterols Market By Application (Pharmaceuticals, Cosmetics), By Product (Beta-sitosterol, Campesterol) is Expected to Reach USD 989.8 Million by 2020
San Francisco, California (PRWEB) June 23, 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 and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/phytosterols-market.
Request Free Sample of This Report @ http://www.grandviewresearch.com/industry-analysis/phytosterols-market/request.
Further key findings from the study suggest:
• The global phytosterols demand was 49,299.6 tons in 2013 and is expected to reach 80,535.9 tons in 2020, growing at CAGR of 7.2% from 2014 to 2020.
• Europe was the largest regional market for phytosterols, with revenue estimated at USD 292.8 million in 2013. Favorable regulatory scenario in this region is expected to propel market growth. In addition, Europe is also expected to witness fastest growth, at an estimated CAGR of 8.8% from 2014 to 2020.
• North America and Asia Pacific phytosterol demand is expected to grow at an estimated CAGR of 6.6% and 6.3% from 2014 to 2020, respectively.
• In 2013, beta-sitosterol accounted for the largest market share of 65.48% and is expected to witness fastest demand growth, at an estimated CAGR of 7.4% from 2014 to 2020. Its use in a wide range of medical applications such as prevention from colon cancer, cervical cancer etc. is expected to boost its demand over the next six years.
• The global market for phytosterols is oligopolistic in nature and is dominated by three companies including ADM, Cognis-BASF and Raisio Life Sciences.
Browse All Reports of Nutraceuticals & Functional Foods Market Available at Grand View Research @ http://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements.
For the purpose of this study, Grand View Research has segmented the global phytosterols market on the basis of application, product and region:
• Phytosterols Applications Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• Pharmaceuticals
• Cosmetics
• Food Ingredient
• Phytosterols Product Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
• Beta-sitosterol
• Campesterol
• Stigmasterol
• Others
• Phytosterols Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
Browse All Grand View Research Ongoing Reports @ http://www.grandviewresearch.com/ongoing-reports.
Related Market Research Reports By Grand View Research:
Animal Feed Organic Trace Minerals Market Analysis By Product (Zinc, Iron, Manganese, Copper) And Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/animal-feed-organic-trace-minerals-industry)
The global market for animal feed organic trace minerals is expected to reach USD 624.6 Million by 2020, according to a new study by Grand View Research, Inc. Higher bioavailability or organic trace minerals in animals as compared to inorganic counterparts is expected to be a key driver for the market over the next six years. In addition, growing regulatory concerns regarding the hazardous effects of unabsorbed inorganic minerals is expected to further augment the demand for organic counterparts. Furthermore, inorganic trace minerals also affect the health of animals which has resulted in substitution by organic minerals in animal feed.
Animal Feed Additives Market Analysis By Product (Antibiotics, Vitamins, Amino Acids, Acidifiers, Feed Enzymes and Antioxidants), By Livestock (Pork, Sea Food, Poultry and Cattle) And Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market)
The global market for animal feed additives is expected to reach USD 19.54 billion by 2020, according to a new study by Grand View Research, Inc. Growing protein demand, especially in Asia Pacific and Latin America, is expected to be a key driver for additive demand over the next six years. In addition, various disease outbreaks in livestock animals such as swine flu and foot & mouth diseases in the past decade have led to increased regulations on meat quality and safety which further has prompted the use of feed additives.
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/.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Sherry James, Grand View Research, Inc., http://www.grandviewresearch.com/, +1 4153490058, [email protected]
Share this article