Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 757 Million | USD 1398 Million | 10.21% | 2021 |
FrequentlyAsked Questions
The global phytosterols market is projected to grow driven by the increasing application of phytosterols in food & beverages. As companies invest heavily in developing and launching new edible items that cater to the demand of more aware consumer segments, the requirement for healthy ingredients is projected to reach newer heights.
According to study, the global phytosterols market size was worth around USD 757 million in 2021 and is predicted to grow to around USD 1398 million by 2030 with a compound annual growth rate (CAGR) of roughly 10.21% between 2022 and 2030.
The global phytosterols market is projected to be dominated by Europe during the projection period due to high product penetration and the wide use of phytosterols in the food industry. Germany is anticipated to become the most significant contributor as it is one of the highest consumers of external health-related supplements.
The global phytosterols market is dominated by players like Pharmachem Laboratories, Cargill Inc., Raisio Plc., Archer-Daniels-Midland Company, Arboris, and BASF SE amongst others.
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