( MENAFN - GetNews) "MarketsandMarketsTM"Phytosterols market by Composition (Beta-Sitosterol, Campesterol, Stigmasterol), Application (Food & Beverages, Pharmaceutical, Cosmetics & Personal Care Products, and Feed), Form (Dry, Liquid), Source and Region - Global Forecast to 2028 The phytosterol market size is expected to grow from USD 1.0 billion in 2023 to USD 1.6 billion by 2028, reflecting a compound annual growth rate (CAGR) of 8.
3% during this period. Globally, there is increasing demand for foods and supplements fortified with phytosterols to achieve dietary objectives and manage high cholesterol levels. Additionally, their anti-aging and anti-inflammatory benefits have made them popular in the cosmetics and personal care sector.
Challenge: Lack of consumer awareness in developing and under-developed world The phytosterols market is mainly driven by its health-imparting properties awareness. As a result, developed regions with high health awareness are a major market for this industry particularly in food, feed, and cosmetics applications. Phytosterols is a very distant concept for people in underdeveloped world and some emerging economies such as Africa and Asia.
Most of the phytosterols in these countries are used in pharmaceutical applications. Players and countries in the Asian markets are mostly export-oriented, with respect to phytosterols market. Various macroeconomic factors such as low development, political instability, poverty, and unemployment are responsibl.