Phytosterols Market

Latin America Phytosterols Market by Applications (Sauces & Condiments, Beverages, Dairy Products, Bakery & Confectionery, and Others), Product Types (Beta-sitosterol, Stigmasterol, Campesterol, and Others), and Region - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-3585
  • Author: Growth Market Reports
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  • No. Of Pages: 176
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The Latin America phytosterols market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for functional food and dietary supplements.

Latin America Phytosterols Market key takeaways

Plant sterols, also known as stanol esters, are naturally occurring compounds in plants with a structure that is similar to that of human cholesterol. When taken in meals, they compete with cholesterol for absorption in the gut. Phytosterols are abundant in whole grains, fruits, vegetables, soybeans, mushrooms, vegetable oils, lentils, and nuts.

Plant sterols are found in around 300 milligrams (mg) per day in a conventional western diet, and between 300 and 500 mg per day in a vegetarian diet. In persons with hypercholesterolemia, this dose is deemed insufficient to produce the required decrease in LDL.

Phytosterols are added to several commercially produced foods, such as juices, yoghurt, breakfast bars, salad dressings, and margarine, during the production process. Supplements containing phytosterols can be found at a variety of health food stores, supermarket stores, and pharmacies.

People with poorly managed high cholesterol (hypercholesterolemia) as well as individuals with familial hypercholesterolemia, an inherited genetic condition are among major consumers.

One of the primary reasons driving the market is the rising frequency of diseases such as hypercholesterolemia and cancer.

The use of herbal and mineral extracts as food additives is also increasing demand for the product. Phytosterols are an important component of dark chocolate, which is a favorite delicacy among the general public.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing health-conscious population is projected to drive the market during the forecast period.
  • Consumer spending on personal care and rising awareness for appearance and skin condition is anticipated to boost the market in the coming years.
  • Rising heart related conditions and unhealthy lifestyles are expected to boost the market.
  • Growing demand for protein rich food is expected to propel the market.
  • Increasing awareness among farm owners about the health benefits and improving overall health of the livestock are projected to fuel the market.
  • Increasing use of food additives in the food & beverages is expected to drive the market during the forecast period
  • Rapid growth of the cosmetic industry is key factors boosting the market in the coming years.
  • Competition from similar types of products act as major challenges that can hamper the market growth.
  • R&D investment and technological advancement to enhance the therapeutic benefits of phytosterols is expected to create immense opportunities for the market players.

Scope of the Report

The report on the Latin America phytosterols market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Latin America Phytosterols Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Sauces & Condiments, Beverages, Dairy Products, Bakery & Confectionery and Others), Product Types (Beta-Sitosterol, Stigmasterol, Campesterol, and Others)

Regional Scope

Latin America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

BASF SE; Ashland Global Holdings Inc.; Advanced Organic Materials SA; Cargill; Incorporated; Matrix Fine Sciences Pvt Ltd.

 

Latin America Phytosterols Market Segment Insights

The dairy products segment is projected to account for a large market share

Based on applications, the Latin America phytosterols market is divided into sauces & condiments, beverages, dairy products, bakery & confectionery, and others. The dairy products segment is expected to represent a key share of the market during the forecast period owing to increasing use as additions in sauces, yoghurt, butter, and other dairy products because of their cardioprotective properties.

Latin America Phytosterols Market by app;ications

The beta-sitosterol segment is expected to grow at a robust pace

On the basis of product types, the Latin America phytosterols market is segmented into beta-sitosterol, stigmasterol, campesterol, and others. The beta-sitosterol segment is expected to hold a key share of the market in the coming years owing to growing demand of beta-sitosterol in pharmaceutical sector particularly in drugs used to treat genital diseases it is also found in drugs that treat urinary tract problems, colon cancer, migraines, cholesterol reduction, allergies, and heart disease.

Segments

Segments Covered in the Report
The Latin America phytosterols market has been segmented on the basis of

Applications

  • Sauces & Condiments
  • Beverages
  • Dairy Products
  • Bakery & Confectionery
  • Others
Product Types
  • Beta-sitosterol
  • Stigmasterol
  • Campesterol
  • Others
Region
  • Latin America
Key Players
  • BASF SE
  • Ashland Global Holdings Inc.
  • Advanced Organic Materials SA
  • Cargill
  • Incorporated
  • Matrix Fine Sciences Pvt Ltd

Competitive Landscape

Key players competing in the Latin America phytosterols market include BASF SE; Ashland Global Holdings Inc.; Advanced Organic Materials SA; Cargill; Incorporated; Matrix Fine Sciences Pvt Ltd.

Some of these players are coming up with business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Latin America Phytosterols Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Phytosterols Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Phytosterols Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Phytosterols Market - Supply Chain
  4.5. Global Phytosterols Market Forecast
     4.5.1. Phytosterols Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Phytosterols Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Phytosterols Market Absolute $ Opportunity
5. Global Phytosterols Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Phytosterols Market Size and Volume Forecast by Applications
     5.3.1. Sauces & Condiments
     5.3.2. Beverages
     5.3.3. Dairy Products
     5.3.4. Bakery & Confectionery
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Phytosterols Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Phytosterols Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Phytosterols Demand Share Forecast, 2019-2026
7. North America Phytosterols Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Phytosterols Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Phytosterols Market Size and Volume Forecast by Applications
     7.4.1. Sauces & Condiments
     7.4.2. Beverages
     7.4.3. Dairy Products
     7.4.4. Bakery & Confectionery
     7.4.5. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Phytosterols Demand Share Forecast, 2019-2026
8. Latin America Phytosterols Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Phytosterols Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Phytosterols Market Size and Volume Forecast by Applications
     8.4.1. Sauces & Condiments
     8.4.2. Beverages
     8.4.3. Dairy Products
     8.4.4. Bakery & Confectionery
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Phytosterols Demand Share Forecast, 2019-2026
9. Europe Phytosterols Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Phytosterols Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Phytosterols Market Size and Volume Forecast by Applications
     9.4.1. Sauces & Condiments
     9.4.2. Beverages
     9.4.3. Dairy Products
     9.4.4. Bakery & Confectionery
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Phytosterols Demand Share Forecast, 2019-2026
10. Asia Pacific Phytosterols Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Phytosterols Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Phytosterols Market Size and Volume Forecast by Applications
     10.4.1. Sauces & Condiments
     10.4.2. Beverages
     10.4.3. Dairy Products
     10.4.4. Bakery & Confectionery
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Phytosterols Demand Share Forecast, 2019-2026
11. Middle East & Africa Phytosterols Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Phytosterols Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Phytosterols Market Size and Volume Forecast by Applications
     11.4.1. Sauces & Condiments
     11.4.2. Beverages
     11.4.3. Dairy Products
     11.4.4. Bakery & Confectionery
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Phytosterols Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Phytosterols Market: Market Share Analysis
  12.2. Phytosterols Distributors and Customers
  12.3. Phytosterols Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. BASF SE
     12.4.2. Ashland Global Holdings Inc.
     12.4.3. Advanced Organic Materials SA
     12.4.4. Cargill
     12.4.5. Incorporated
     12.4.6. Matrix Fine Sciences Pvt Ltd

Segments Covered in the Report
The Latin America phytosterols market has been segmented on the basis of

Applications

  • Sauces & Condiments
  • Beverages
  • Dairy Products
  • Bakery & Confectionery
  • Others
Product Types
  • Beta-sitosterol
  • Stigmasterol
  • Campesterol
  • Others
Region
  • Latin America
Key Players
  • BASF SE
  • Ashland Global Holdings Inc.
  • Advanced Organic Materials SA
  • Cargill
  • Incorporated
  • Matrix Fine Sciences Pvt Ltd

Key players competing in the Latin America phytosterols market include BASF SE; Ashland Global Holdings Inc.; Advanced Organic Materials SA; Cargill; Incorporated; Matrix Fine Sciences Pvt Ltd.

Some of these players are coming up with business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Latin America Phytosterols Market by key players

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