Phytosterols Market by Product Type (Beta-sitosterol, Stigmasterol, Campesterol, Others), By Application (Pharmaceuticals, Cosmetics, Food Ingredients, Others ), and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific)  

Phytosterols Market size was valued at USD 491 million in 2022 and is anticipated to grow at USD 937 million till 2029 recording a CAGR of 9.62% from 2023-2029. Phytosterols are plant-derived sterols present in fatty tissues of plant. These have similar chemical structure as cholesterol and higher concentrations are found in vegetable oils, nuts, and beans. The difference between the cholesterol and phytosterols is absorption levels in blood. Phytosterols absorbed at lower rate compared with cholesterol and helps to reduce the cholesterol levels in the body that leads to reduce the risk of coronary artery disease. High nutritional benefits with phytosterols coupled with increase in the prevalence of coronary artery disease is a key factor that expected to drive the demand for phytosterols over the forecast period. Moreover, technological advancements in the extraction of phytosterols from plants, approval for the usage of phytosterols in food ingredients by various regulating bodies such as FDA and EU SFC, rise in R&D on the phytosterols beneficial aspects, and wide range of applications of phytosterols such as anti-cancer properties are fuel the phytosterols market over the forecast years. However, poor bioavailability and solubility of phytosterols, high cost of products, alternative availability, and side effects associated with phytosterols may restrain the growth of phytosterols market.

Key Developments: 

In April 2017, Lipofoods SLU launched Lipophytol, a highly concentrated, water-dispersible plant sterol used to support the cardiovascular health