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Market Insights
The Asia-Pacific countries, such as China, Indonesia, Singapore, and India are experiencing a substantial increase in cardiovascular disease rate due to rapidly changing lifestyle. The growing public health risk is resulting in the potential market for phytosterol industry. One of the strategies for lowering cholesterol and risk of heart diseases is to change the eating habits by replacing trans and saturated fat from monounsaturated and polyunsaturated fats, but this has not been sufficient to overcome the health issues. Therefore, the Asia-Pacific market is inclining towards phytosterols.
The Asia-Pacific phytosterols market is expected to witness a CAGR of 8.5% during the forecast period of 2018–2023.
Market Dynamics
Changing consumer preferences and more inclination toward western culture have led Asia-Pacific countries in bad health conditions. It was recorded that Asians and Pacific Islanders were at third highest risk for heart-related deaths at 22.5% in 2013. Thus, these countries are at a higher risk and therefore becoming a major market for the phytosterol industry.
Considering the Australian market, there has been significant growth in the consumption of phytosterols, based on the regulations from the Food Standards Australia and New Zealand (FSANZ). The need of phytosterols has increased over the years due to an increase in the number of deaths to 43,603, which is nearly 30% of the total in 2013. On the other hand, China, Japan, and India are also facing similar health difficulties due to aging population and change in lifestyle.
Market Segmentation
The Asia-Pacific phytosterols market is segmented based on the parameters of product type, application type, and geography. The product type differentiations are beta-sitosterol, campesterol, and stigmasterol. Other elements include avenasterol, ergosterol, brassicasterol, lupeol, and cycloartenol. Moreover, the beta-sitosterol accumulated the largest market share in 2016 of 65.48% and is expected to grow in the next five years.
The insoluble dietary fibers market in Asia-Pacific is an upcoming market as there are many developing countries and the growing disposable income, economy, and rising population adds to the food industry. The rising standard of living of the consumers and preference for healthy and nutritious food is also driving the insoluble dietary fibers market, which, in turn, adds to the dietary fiber market. The major players adopt several strategies like acquiring small-scale firms to expand their presence and investing more in R&D to increase their market share.
Key Developments
• January 2017 - Cargill and FDA jointly announced a newly validated method for measuring the level of plant sterols and stanols in food and dietary supplements.
Major players - ARBORIS, ARCHER DANIELS MIDLAND (ADM), BASF, BUNGE LIMITED, CARGILL, DANONE, DUPONT, ENZYMOTEC LTD., FORBES MEDI-TECH INC., GUSTAV PARMENTIER, PHARMACHEM LABORATORIES, RAISIO PLC, TERIAKA, UNILEVER, among others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
The Asia-Pacific countries, such as China, Indonesia, Singapore, and India are experiencing a substantial increase in cardiovascular disease rate due to rapidly changing lifestyle. The growing public health risk is resulting in the potential market for phytosterol industry. One of the strategies for lowering cholesterol and risk of heart diseases is to change the eating habits by replacing trans and saturated fat from monounsaturated and polyunsaturated fats, but this has not been sufficient to overcome the health issues. Therefore, the Asia-Pacific market is inclining towards phytosterols.
The Asia-Pacific phytosterols market is expected to witness a CAGR of 8.5% during the forecast period of 2018–2023.
Market Dynamics
Changing consumer preferences and more inclination toward western culture have led Asia-Pacific countries in bad health conditions. It was recorded that Asians and Pacific Islanders were at third highest risk for heart-related deaths at 22.5% in 2013. Thus, these countries are at a higher risk and therefore becoming a major market for the phytosterol industry.
Considering the Australian market, there has been significant growth in the consumption of phytosterols, based on the regulations from the Food Standards Australia and New Zealand (FSANZ). The need of phytosterols has increased over the years due to an increase in the number of deaths to 43,603, which is nearly 30% of the total in 2013. On the other hand, China, Japan, and India are also facing similar health difficulties due to aging population and change in lifestyle.
Market Segmentation
The Asia-Pacific phytosterols market is segmented based on the parameters of product type, application type, and geography. The product type differentiations are beta-sitosterol, campesterol, and stigmasterol. Other elements include avenasterol, ergosterol, brassicasterol, lupeol, and cycloartenol. Moreover, the beta-sitosterol accumulated the largest market share in 2016 of 65.48% and is expected to grow in the next five years.
The insoluble dietary fibers market in Asia-Pacific is an upcoming market as there are many developing countries and the growing disposable income, economy, and rising population adds to the food industry. The rising standard of living of the consumers and preference for healthy and nutritious food is also driving the insoluble dietary fibers market, which, in turn, adds to the dietary fiber market. The major players adopt several strategies like acquiring small-scale firms to expand their presence and investing more in R&D to increase their market share.
Key Developments
• January 2017 - Cargill and FDA jointly announced a newly validated method for measuring the level of plant sterols and stanols in food and dietary supplements.
Major players - ARBORIS, ARCHER DANIELS MIDLAND (ADM), BASF, BUNGE LIMITED, CARGILL, DANONE, DUPONT, ENZYMOTEC LTD., FORBES MEDI-TECH INC., GUSTAV PARMENTIER, PHARMACHEM LABORATORIES, RAISIO PLC, TERIAKA, UNILEVER, among others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
• This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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- By Technology
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
