Table of Content

1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 32
1.3 STUDY SCOPE 32
FIGURE 1 MARKET SEGMENTATION 32
1.4 REGIONS COVERED 33
1.5 YEARS CONSIDERED 34
1.6 UNITS CONSIDERED 34
1.6.1 CURRENCY UNIT 34
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2019–2022 35
1.6.2 VOLUME UNIT 35
1.7 STAKEHOLDERS 35
1.8 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 2 PHYTOSTEROLS MARKET: RESEARCH DESIGN 37
2.1.1 SECONDARY DATA 38
2.1.1.1 Key data from secondary sources 38
2.1.2 PRIMARY DATA 39
2.1.2.1 Key data from primary sources 39
2.1.2.2 Breakdown of primaries 40
2.1.2.3 Key primary insights 41
2.2 MARKET SIZE ESTIMATION 42
2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON FORM, BY REGION) 42
2.2.2 APPROACH TWO: TOP-DOWN (BASED ON GLOBAL MARKET) 43
2.3 DATA TRIANGULATION 44
FIGURE 3 DATA TRIANGULATION METHODOLOGY 44
2.4 STUDY ASSUMPTIONS 45
2.5 STUDY LIMITATIONS AND RISK ASSESSMENT 45
3 EXECUTIVE SUMMARY 46
TABLE 2 PHYTOSTEROLS MARKET SNAPSHOT, 2023 VS. 2028 46
FIGURE 4 PHYTOSTEROLS MARKET, BY COMPOSITION, 2023 VS. 2028 (USD MILLION) 47
FIGURE 5 PHYTOSTEROLS MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 47
FIGURE 6 PHYTOSTEROLS MARKET, BY FORM, 2023 VS. 2028 (USD MILLION) 48
FIGURE 7 PHYTOSTEROLS MARKET (VALUE), BY REGION, 2022 48
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4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PHYTOSTEROLS MARKET 50
FIGURE 8 RISING CONSUMER HEALTH AWARENESS AND DEMAND FOR PHYTOSTEROL TO DRIVE MARKET 50
4.2 EUROPE: PHYTOSTEROLS MARKET, BY COMPOSITION AND COUNTRY (2022) 50
FIGURE 9 BETA-SITOSTEROL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE 50
4.3 PHYTOSTEROLS MARKET, BY COMPOSITION 51
FIGURE 10 BETA-SITOSTEROL COMPOSITION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 51
4.4 PHYTOSTEROLS MARKET, BY APPLICATION 51
FIGURE 11 FOOD & BEVERAGES SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 51
4.5 PHYTOSTEROLS MARKET, BY FOOD SUB-APPLICATION 52
FIGURE 12 BAKERY & CONFECTIONERY PRODUCTS TO DOMINATE MARKET DURING FORECAST PERIOD 52
4.6 PHYTOSTEROLS MARKET, BY FORM 52
FIGURE 13 DRY FORM SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MACROECONOMIC INDICATORS 54
5.2.1 INCREASE IN RETAIL SALES 54
FIGURE 14 RETAIL AND FOOD SERVICE SALES IN US (USD BILLION) 54
5.2.2 GROWTH OPPORTUNITIES IN DEVELOPING COUNTRIES OF ASIA PACIFIC AND SOUTH AMERICA 54
FIGURE 15 GDP GROWTH RATE IN ASIAN COUNTRIES, 2020-21 55
5.3 MARKET DYNAMICS 55
FIGURE 16 MARKET DYNAMICS 55
5.3.1 DRIVERS 56
5.3.1.1 Rise in consumer health awareness post-COVID-19 pandemic for functional food & beverages 56
5.3.1.2 Rising demand for livestock products 56
5.3.1.3 Growing demand for superior personal and healthcare products 56
5.3.2 RESTRAINTS 57
5.3.2.1 Side-effects of phytosterols 57
5.3.2.2 Concerns regarding vitamin deficiency 57
5.3.3 OPPORTUNITIES 57
5.3.3.1 Global rise in prevalence of chronic diseases 57
5.3.4 CHALLENGES 58
5.3.4.1 High popularity of other functional ingredients 58
5.3.4.2 Lack of consumer awareness in developing and under-developed countries 58
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6 INDUSTRY TRENDS 59
6.1 INTRODUCTION 59
6.2 VALUE CHAIN 59
6.2.1 RESEARCH AND PRODUCT DEVELOPMENT 59
6.2.2 RAW MATERIAL SOURCING 60
6.2.3 PRODUCTION AND PROCESSING 60
6.2.4 DISTRIBUTION 60
6.2.5 MARKETING & SALES 60
FIGURE 17 VALUE CHAIN ANALYSIS OF PHYTOSTEROLS MARKET 60
6.3 TECHNOLOGY ANALYSIS 61
6.3.1 HYDROPHILIC PHYTOSTEROL DERIVATIVES 61
6.4 PRICING ANALYSIS: PHYTOSTEROLS MARKET 61
6.4.1 AVERAGE SELLING PRICE, BY FORM 61
FIGURE 18 GLOBAL: AVERAGE SELLING PRICE, BY FORM (USD/TON) 62
TABLE 3 PHYTOSTEROLS: AVERAGE SELLING PRICE, BY FORM, 2020–2022 (USD/TON) 62
TABLE 4 DRY PHYTOSTEROLS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON) 62
TABLE 5 LIQUID PHYTOSTEROLS: AVERAGE SELLING PRICE, BY REGION, 2020–2022 (USD/TON) 62
FIGURE 19 PHYTOSTEROLS: AVERAGE SELLING PRICE, BY COMPANY, 2020–2022 (USD/TON) 63
6.5 MARKET MAPPING AND ECOSYSTEM OF PHYTOSTEROLS 63
6.5.1 DEMAND SIDE 63
6.5.2 SUPPLY SIDE 63
FIGURE 20 PHYTOSTEROLS: MARKET MAP 64
TABLE 6 PHYTOSTEROLS MARKET: SUPPLY CHAIN (ECOSYSTEM) 64
FIGURE 21 PHYTOSTEROLS: ECOSYSTEM MAPPING 65
6.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 66
FIGURE 22 REVENUE SHIFT FOR PHYTOSTEROLS MARKET 66
6.7 PHYTOSTEROL MARKET: PATENT ANALYSIS 67
FIGURE 23 NUMBER OF PATENTS GRANTED BETWEEN 2013 AND 2022 67
FIGURE 24 TOP 10 INVENTORS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 67
FIGURE 25 LEADING APPLICANTS WITH HIGHEST NUMBER OF PATENT DOCUMENTS 68
TABLE 7 PATENTS PERTAINING TO PHYTOSTEROLS MARKET, 2021–2022 68
6.8 TRADE ANALYSIS 69
6.8.1 SOYBEAN (2021) 69
TABLE 8 TOP 10 IMPORTERS AND EXPORTERS OF SOYBEAN, 2021 (KG) 69
6.9 KEY CONFERENCES AND EVENTS 69
TABLE 9 KEY CONFERENCES AND EVENTS IN PHYTOSTEROLS AND RELATED INDUSTRIES, 2023–2024 69
6.10 TARIFF AND REGULATORY LANDSCAPE 70
6.10.1 NORTH AMERICA 70
6.10.2 US 70
6.10.3 CANADA 71
6.10.4 EUROPEAN UNION 71
6.10.4.1 EU Food Law 71
6.10.4.2 European Food Safety Authority (EFSA) 71
6.10.4.3 EU Cosmetics Regulation (EC) No. 1223/2009 72
6.10.5 ASIA PACIFIC 72
6.10.6 CHINA 72
6.10.7 JAPAN 72
6.10.8 INDIA 73
6.10.9 SOUTH AMERICA 73
6.10.10 BRAZIL 73
6.10.11 MIDDLE EAST 73
6.10.12 UAE 73
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
6.11 PORTER’S FIVE FORCES ANALYSIS 76
TABLE 13 PHYTOSTEROLS MARKET: PORTER’S FIVE FORCES ANALYSIS 76
6.11.1 INTENSITY OF COMPETITIVE RIVALRY 76
6.11.2 BARGAINING POWER OF SUPPLIERS 76
6.11.3 BARGAINING POWER OF BUYERS 77
6.11.4 THREAT OF SUBSTITUTES 77
6.11.5 THREAT OF NEW ENTRANTS 77
6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 77
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 77
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF KEY FORMS 78
TABLE 14 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FORMS OF PHYTOSTEROLS (%) 78
6.12.2 BUYING CRITERIA 78
TABLE 15 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR 78
FIGURE 27 KEY CRITERIA FOR SELECTING SUPPLIER/VENDOR 79
6.13 CASE STUDIES 79
6.13.1 ADM: SCIENCE AND TECHNOLOGY (S&T) CENTER IN CHINA 79
TABLE 16 AOM: INDUSTRIAL EXPANSION IN SPAIN 79
7 PHYTOSTEROLS MARKET, BY APPLICATION 80
7.1 INTRODUCTION 81
FIGURE 28 PHYTOSTEROLS MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION) 81
TABLE 17 PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 81
TABLE 18 PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 82
7.2 FOOD & BEVERAGE 82
7.2.1 CONSUMER SHIFT TOWARD HEALTHY AND NUTRITIVE LIFESTYLES TO DRIVE MARKET 82
TABLE 19 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 82
TABLE 20 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 83
TABLE 21 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY SUB-APPLICATION, 2019–2022 (USD MILLION) 83
TABLE 22 FOOD & BEVERAGE: PHYTOSTEROLS MARKET, BY SUB-APPLICATION, 2023–2028 (USD MILLION) 83
7.2.2 DAIRY PRODUCTS 84
7.2.3 BAKERY AND CONFECTIONERY PRODUCTS 84
7.2.4 NUTRITIONAL PRODUCTS 84
7.2.5 SNACKS & CEREALS 85
7.2.6 BEVERAGES 85
7.2.7 OTHER FOOD APPLICATIONS 85
7.3 PHARMACEUTICALS 85
7.3.1 INCREASING NUMBER OF AGED POPULATION WORLDWIDE TO SUPPORT MARKET GROWTH 85
TABLE 23 PHARMACEUTICALS: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 86
TABLE 24 PHARMACEUTICALS: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 86
7.4 COSMETICS & PERSONAL CARE PRODUCTS 87
7.4.1 HIGH STRESS ON PERSONAL GROOMING TO FUEL DEMAND FOR COSMETIC PRODUCTS 87
TABLE 25 COSMETICS & PERSONAL CARE PRODUCTS: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 87
TABLE 26 COSMETICS & PERSONAL CARE PRODUCTS: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 88
7.4.1.1 FEED 88
7.4.2 RISING DEMAND FOR LIVESTOCK PRODUCTS AND CONCERNS REGARDING ANIMAL NUTRITION TO FUEL DEMAND FOR PHYTOSTEROLS 88
TABLE 27 FEED: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 89
TABLE 28 FEED: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 89
8 PHYTOSTEROLS MARKET, BY COMPOSITION 90
8.1 INTRODUCTION 91
FIGURE 29 GLOBAL PHYTOSTEROLS MARKET, BY COMPOSITION, 2023 VS. 2028 (USD MILLION) 91
TABLE 29 PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION) 91
TABLE 30 PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION) 92
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8.2 BETA-SITOSTEROL 92
8.2.1 GROWING INCIDENCES OF PROSTATE CANCER AND AGEING POPULATION TO DRIVE DEMAND 92
TABLE 31 BETA-SITOSTEROL: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 92
TABLE 32 BETA-SITOSTEROL: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 93
8.2.1.1 CAMPESTEROL 93
8.2.2 GROWTH IN SPORTS AND VETERINARY MEDICINE INDUSTRY TO DRIVE MARKET FOR CAMPESTEROLS 93
TABLE 33 CAMPESTEROL: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 93
TABLE 34 CAMPESTEROL: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 94
8.2.2.1 STIGMASTEROL 94
8.2.3 RISE IN DEMAND FOR VITAMIN D3 AND STEROIDS TO DRIVE MARKET 94
TABLE 35 STIGMASTEROL: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 94
TABLE 36 STIGMASTEROL: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 95
8.3 OTHER COMPOSITIONS 95
TABLE 37 OTHER COMPOSITIONS: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 95
TABLE 38 OTHER COMPOSITIONS: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 96
9 PHYTOSTEROLS MARKET, BY SOURCE 97
9.1 INTRODUCTION 97
9.2 VEGETABLE OILS 97
9.2.1 HIGHER CONCENTRATION OF PHYTOSTEROLS IN VEGETABLE OILS TO GIVE RISE TO ITS POPULARITY 97
9.3 NUTS & SEEDS 97
9.3.1 HIGH FIBER CONTENT IN NUTS & SEEDS TO DRIVE MARKET FOR PHYTOSTEROL 97
9.4 WHOLE GRAINS 98
9.4.1 VERSATILITY OF WHOLE GRAINS TO FUEL MARKET FOR PHYTOSTEROLS 98
9.5 OTHER SOURCES 98
10 PHYTOSTEROLS MARKET, BY FORM 99
10.1 INTRODUCTION 100
FIGURE 30 DRY FORM TO DOMINATE MARKET DURING FORECAST PERIOD (USD MILLION) 100
TABLE 39 PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION) 100
TABLE 40 PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION) 100
TABLE 41 PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT) 101
TABLE 42 PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT) 101
10.2 DRY 101
10.2.1 LONGER SHELF LIFE, LESSER PROCESSING, AND CONVENIENT PACKAGING TO FUEL DEMAND 101
TABLE 43 DRY: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 102
TABLE 44 DRY: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 102
TABLE 45 DRY: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (KT) 102
TABLE 46 DRY: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (KT) 103
10.3 LIQUID 103
10.3.1 RISE IN DEMAND FOR FOOD AND COSMETIC PRODUCTS IN AQUEOUS MATRIX 103
TABLE 47 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 103
TABLE 48 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 104
TABLE 49 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (KT) 104
TABLE 50 LIQUID: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (KT) 104
11 PHYTOSTEROLS MARKET, BY REGION 105
11.1 INTRODUCTION 106
FIGURE 31 PHYTOSTEROLS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 106
TABLE 51 PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 107
TABLE 52 PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 107
TABLE 53 PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (KT) 107
TABLE 54 PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (KT) 108
11.2 MACRO INDICATORS OF RECESSION 108
FIGURE 32 INDICATORS OF RECESSION 108
FIGURE 33 WORLD INFLATION RATE: 2011-2021 109
FIGURE 34 GLOBAL GDP: 2011-2021 (USD TRILLION) 110
FIGURE 35 PHYTOSTEROLS MARKET: EARLIER FORECAST VS. RECESSION FORECAST 111
FIGURE 36 RECESSION INDICATORS AND THEIR IMPACT ON PHYTOSTEROLS MARKET 112
FIGURE 37 GLOBAL PHYTOSTEROLS MARKET: EARLIER FORECAST VS. RECESSION FORECAST 113
11.3 NORTH AMERICA 114
11.3.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 114
FIGURE 38 INFLATION: COUNTRY-LEVEL DATA (2018-2021) 115
FIGURE 39 NORTH AMERICAN PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS 116
TABLE 55 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 116
TABLE 56 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 117
TABLE 57 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION) 117
TABLE 58 NORTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION) 117
TABLE 59 NORTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 118
TABLE 60 NORTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 118
TABLE 61 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION) 118
TABLE 62 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION) 118
TABLE 63 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT) 119
TABLE 64 NORTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT) 119
11.3.2 US 119
11.3.2.1 Consumer inclination toward functional food products due to rise in chronic diseases to drive market 119
TABLE 65 US: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 120
TABLE 66 US: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 120
11.3.3 CANADA 120
11.3.3.1 Booming food & beverage industry to drive demand for phytosterols 120
TABLE 67 CANADA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 121
TABLE 68 CANADA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 121
11.3.4 MEXICO 121
11.3.4.1 Change in diet patterns and rise in disposable income to propel market 121
TABLE 69 MEXICO: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 122
TABLE 70 MEXICO: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 122
11.3.4.2 Asia Pacific 122
11.3.5 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 122
FIGURE 40 INFLATION: COUNTRY-LEVEL DATA (2018-2021) 123
FIGURE 41 ASIA PACIFIC PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS 123
FIGURE 42 ASIA PACIFIC: PHYTOSTEROLS MARKET SNAPSHOT 125
TABLE 71 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2019–2022 (USD MILLION) 125
TABLE 72 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION) 126
TABLE 73 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION) 126
TABLE 74 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION) 126
TABLE 75 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 127
TABLE 76 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 127
TABLE 77 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION) 127
TABLE 78 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION) 127
TABLE 79 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT) 128
TABLE 80 ASIA PACIFIC: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT) 128
11.3.6 CHINA 128
11.3.6.1 Growing demand for phytosterols-based pharma active ingredients 128
TABLE 81 CHINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 129
TABLE 82 CHINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 129
11.3.7 INDIA 129
11.3.7.1 Consumer willingness to spend on fortified and enriched food products 129
TABLE 83 INDIA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 130
TABLE 84 INDIA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 130
11.3.8 JAPAN 130
11.3.8.1 Expanding aging population and consumer demand 130
TABLE 85 JAPAN: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 131
TABLE 86 JAPAN: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 131
11.3.9 AUSTRALIA & NEW ZEALAND 131
11.3.9.1 Rise in aging population and health awareness 131
TABLE 87 AUSTRALIA & NEW ZEALAND: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 132
TABLE 88 AUSTRALIA & NEW ZEALAND: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 132
11.3.10 REST OF ASIA PACIFIC 132
TABLE 89 REST OF ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 132
TABLE 90 REST OF ASIA PACIFIC: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 133
11.4 EUROPE 133
11.4.1 EUROPE: RECESSION IMPACT ANALYSIS 133
FIGURE 43 INFLATION: COUNTRY-LEVEL DATA (2018-2021) 134
FIGURE 44 EUROPEAN PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS 134
FIGURE 45 EUROPE: PHYTOSTEROLS MARKET SNAPSHOT 135
TABLE 91 EUROPE: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2019–2022 (USD MILLION) 136
TABLE 92 EUROPE: PHYTOSTEROLS MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION) 136
TABLE 93 EUROPE: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION) 136
TABLE 94 EUROPE: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION) 137
TABLE 95 EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 137
TABLE 96 EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 137
TABLE 97 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION) 137
TABLE 98 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION) 138
TABLE 99 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT) 138
TABLE 100 EUROPE: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT) 138
11.4.2 GERMANY 138
11.4.2.1 Strong food & beverage retail sales and increasing consumption of plant-based food 138
TABLE 101 GERMANY: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 139
TABLE 102 GERMANY: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 139
11.4.3 FRANCE 139
11.4.3.1 Government measures to increase production of healthy and sustainable plant-based products 139
TABLE 103 FRANCE: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 140
TABLE 104 FRANCE: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 140
11.4.4 UK 140
11.4.4.1 Large consumer base with increased health awareness 140
TABLE 105 UK: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 141
TABLE 106 UK: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 141
11.4.5 ITALY 141
11.4.5.1 Dominant position in pharmaceutical sector and rising consumer preference for healthy food products 141
TABLE 107 ITALY: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 142
TABLE 108 ITALY: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 142
11.4.6 SPAIN 142
11.4.6.1 High demand for non-dairy products such as margarine 142
TABLE 109 SPAIN: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 143
TABLE 110 SPAIN: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 143
11.4.7 REST OF EUROPE 143
TABLE 111 REST OF EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 144
TABLE 112 REST OF EUROPE: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 144
11.5 SOUTH AMERICA 144
11.5.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 144
FIGURE 46 INFLATION: COUNTRY-LEVEL DATA (2018-2021) 145
FIGURE 47 SOUTH AMERICAN PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS 145
TABLE 113 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 146
TABLE 114 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 146
TABLE 115 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION) 146
TABLE 116 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION) 147
TABLE 117 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 147
TABLE 118 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 147
TABLE 119 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION) 147
TABLE 120 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION) 148
TABLE 121 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT) 148
TABLE 122 SOUTH AMERICA: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT) 148
11.5.2 BRAZIL 148
11.5.2.1 Boost in soybean production to drive market 148
TABLE 123 BRAZIL: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 149
TABLE 124 BRAZIL: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 149
11.5.3 ARGENTINA 149
11.5.3.1 Rise in market volume of plant-based sector to impact phytosterols industry 149
TABLE 125 ARGENTINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 150
TABLE 126 ARGENTINA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 150
11.5.4 REST OF SOUTH AMERICA 150
TABLE 127 REST OF SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 151
TABLE 128 REST OF SOUTH AMERICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 151
11.6 ROW 151
11.6.1 ROW: RECESSION IMPACT ANALYSIS 151
FIGURE 48 INFLATION: COUNTRY-LEVEL DATA (2018-2021) 152
FIGURE 49 ROW PHYTOSTEROLS MARKET: RECESSION IMPACT ANALYSIS 152
TABLE 129 ROW: PHYTOSTEROLS MARKET, BY REGION, 2019–2022 (USD MILLION) 153
TABLE 130 ROW: PHYTOSTEROLS MARKET, BY REGION, 2023–2028 (USD MILLION) 153
TABLE 131 ROW: PHYTOSTEROLS MARKET, BY COMPOSITION, 2019–2022 (USD MILLION) 153
TABLE 132 ROW: PHYTOSTEROLS MARKET, BY COMPOSITION, 2023–2028 (USD MILLION) 153
TABLE 133 ROW: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 154
TABLE 134 ROW: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 154
TABLE 135 ROW: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (USD MILLION) 154
TABLE 136 ROW: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (USD MILLION) 154
TABLE 137 ROW: PHYTOSTEROLS MARKET, BY FORM, 2019–2022 (KT) 155
TABLE 138 ROW: PHYTOSTEROLS MARKET, BY FORM, 2023–2028 (KT) 155
11.6.2 AFRICA 155
11.6.2.1 Surge in cases of CVDs to drive demand 155
TABLE 139 AFRICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 155
TABLE 140 AFRICA: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 156
11.6.3 MIDDLE EAST 156
11.6.3.1 Rising incidences of diabetes and cardiac diseases to fuel demand 156
TABLE 141 MIDDLE EAST: PHYTOSTEROLS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 156
TABLE 142 MIDDLE EAST: PHYTOSTEROLS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 156
12 COMPETITIVE LANDSCAPE 157
12.1 OVERVIEW 157
12.2 MARKET SHARE ANALYSIS, 2022 157
TABLE 143 GLOBAL PHYTOSTEROLS MARKET: DEGREE OF COMPETITION (COMPETITIVE) 158
12.3 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS 158
FIGURE 50 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD MILLION) 158
12.4 STRATEGIES ADOPTED BY KEY PLAYERS 159
TABLE 144 STRATEGIES ADOPTED BY KEY PHYTOSTEROLS MANUFACTURERS 159
12.5 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 160
12.5.1 STARS 161
12.5.2 EMERGING LEADERS 161
12.5.3 PERVASIVE PLAYERS 161
12.5.4 PARTICIPANTS 161
FIGURE 51 GLOBAL PHYTOSTEROLS MARKET: COMPANY EVALUATION QUADRANT, 2022 (KEY PLAYERS) 162
12.6 PRODUCT FOOTPRINT 163
TABLE 145 COMPANY FORM FOOTPRINT 163
TABLE 146 COMPANY APPLICATION FOOTPRINT 164
TABLE 147 COMPANY REGIONAL FOOTPRINT 165
TABLE 148 OVERALL COMPANY FOOTPRINT 166
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12.7 GLOBAL PHYTOSTEROLS MARKET: EVALUATION QUADRANT FOR START-UPS/SMES, 2022 167
12.7.1 PROGRESSIVE COMPANIES 167
12.7.2 STARTING BLOCKS 167
12.7.3 RESPONSIVE COMPANIES 167
12.7.4 DYNAMIC COMPANIES 167
FIGURE 52 GLOBAL PHYTOSTEROLS MARKET: COMPANY EVALUATION QUADRANT, 2022 (START-UPS/SMES) 168
12.7.5 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 169
TABLE 149 GLOBAL PHYTOSTEROLS MARKET: DETAILED LIST OF KEY START-UPS/SMES 169
TABLE 150 GLOBAL PHYTOSTEROLS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 170
12.8 COMPETITIVE SCENARIO 171
12.8.1 DEALS 171
TABLE 151 PHYTOSTEROLS: DEALS, 2018–2022 171
12.8.2 OTHERS 173
TABLE 152 PHYTOSTEROLS: OTHERS, 2019–2022 173
13 COMPANY PROFILES 174
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
13.1 KEY COMPANIES 174
13.1.1 ADM 174
TABLE 153 ADM: BUSINESS OVERVIEW 174
FIGURE 53 ADM: COMPANY SNAPSHOT 175
TABLE 154 ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 175
TABLE 155 ADM: OTHERS 176
13.1.2 BASF SE 177
TABLE 156 BASF SE: BUSINESS OVERVIEW 177
FIGURE 54 BASF SE: COMPANY SNAPSHOT 178
TABLE 157 BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 178
13.1.3 CARGILL, INCORPORATED 180
TABLE 158 CARGILL, INCORPORATED: BUSINESS OVERVIEW 180
FIGURE 55 CARGILL, INCORPORATED: COMPANY SNAPSHOT 180
TABLE 159 CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 181
TABLE 160 CARGILL, INCORPORATED: DEALS 181
13.1.4 INTERNATIONAL FLAVORS & FRAGRANCES INC. 183
TABLE 161 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW 183
FIGURE 56 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT 184
TABLE 162 INTERNATIONAL FLAVORS & FRAGRANCES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 184
TABLE 163 INTERNATIONAL FLAVORS & FRAGRANCES INC.: DEALS 185
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13.1.5 ASHLAND 186
TABLE 164 ASHLAND: BUSINESS OVERVIEW 186
FIGURE 57 ASHLAND: COMPANY SNAPSHOT 187
TABLE 165 ASHLAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED 187
13.1.6 MATRIX LIFE SCIENCE 189
TABLE 166 MATRIX LIFE SCIENCE: BUSINESS OVERVIEW 189
TABLE 167 MATRIX LIFE SCIENCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 189
13.1.7 AOM 190
TABLE 168 AOM: BUSINESS OVERVIEW 190
TABLE 169 AOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
TABLE 170 AOM: OTHERS 191
13.1.8 LIPOFOODS 192
TABLE 171 LIPOFOODS: BUSINESS OVERVIEW 192
TABLE 172 LIPOFOODS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 192
13.1.9 AVANTI POLAR LIPIDS 193
TABLE 173 AVANTI POLAR LIPIDS: BUSINESS OVERVIEW 193
TABLE 174 AVANTI POLAR LIPIDS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 193
TABLE 175 AVANTI POLAR LIPIDS: DEALS 193
13.1.10 DRT 195
TABLE 176 DRT: BUSINESS OVERVIEW 195
TABLE 177 DRT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195
TABLE 178 DRT: DEALS 195
13.1.11 WILMAR INTERNATIONAL LTD. 197
TABLE 179 WILMAR INTERNATIONAL LTD: BUSINESS OVERVIEW 197
FIGURE 58 WILMAR INTERNATIONAL LTD: COMPANY SNAPSHOT 198
TABLE 180 WILMAR INTERNATIONAL LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
13.1.12 VITAE NATURALS 200
TABLE 181 VITAE NATURALS: BUSINESS OVERVIEW 200
TABLE 182 VITAE NATURALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200
13.1.13 TAMA BIOCHEMICAL CO., LTD. 201
TABLE 183 TAMA BIOCHEMICALS CO., LTD.: BUSINESS OVERVIEW 201
TABLE 184 TAMA BIOCHEMICALS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 201
13.1.14 BOC SCIENCES 202
TABLE 185 BOC SCIENCES: BUSINESS OVERVIEW 202
TABLE 186 BOC SCIENCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 202
13.1.15 HERBO NUTRA 203
TABLE 187 HERBO NUTRA: BUSINESS OVERVIEW 203
TABLE 188 HERBO NUTRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 203
13.1.16 CD BIOPARTICLES 204
TABLE 189 CD BIOPARTICLES: BUSINESS OVERVIEW 204
TABLE 190 CD BIOPARTICLES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 204
13.1.17 FOO