ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the release of a report titled “Phytosterols Market (B-Sitosterol, Campesterol, Stigmasterol, Ergosterol) for Food Ingredients, Pharmaceuticals, Cosmetics: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”. The global phytosterols market was estimated at US$347.9 million in 2012 and, expanding at a CAGR of 10.0% from 2013 to 2019, is projected to reach US$678 million in 2019.
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With a share of over 65% of the phytosterols market in 2012, the β-sitosterol segment was reported as the largest. The reason for the β-sitosterol segment’s high share is its easy availability via plants. Campesterol was the second largest product segment the same year. Market analysts project rapid growth for this segment in the forecast period.
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Several favorable factors are at play in the phytosterols market. These include: Increased coronary heart diseases, rising awareness on the health benefits related to phytosterol consumption, manufacturers’ emphasis on technological advancement and rising demand for phytosterol-fortified products in the medical field. On the other hand, despite their increasing health benefits, phytosterols have been replaced by alternatives such as omega 3 fatty acids. This impedes the growth of the market.
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Geographically, the market is segmented into North America, Europe, and Asia Pacific. Emerging markets in Asia Pacific are predicted to expand at a swifter rate when compared to traditional markets such as North America owing to the increase in the incidence of coronary heart diseases. In 2012, Europe held nearly 50% of the total market for phytosterols products, and will exhibit the highest growth rate through the forecast period.
Article: http://www.transparencymarketresearch.com/article/phytosterols-market.htm
Major players in this market include BASF Cognis, ADM, Raisio Life Sciences, Forbes Medi-tech, and Phyto-Source LP.
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About TMR
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.
