Global Beta-Sitosterol Market to Reach $1.2 Billion by 2030
The global market for Beta-Sitosterol estimated at US$694.1 Million in the year 2023, is expected to reach US$1.2 Billion by 2030, growing at a CAGR of 8% over the analysis period 2023-2030. Food Ingredients Application, one of the segments analyzed in the report, is expected to record a 7.7% CAGR and reach US$510.6 Million by the end of the analysis period. Growth in the Pharmaceuticals Application segment is estimated at 8.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $182.2 Million, While China is Forecast to Grow at 11.7% CAGR
The Beta-Sitosterol market in the U.S. is estimated at US$182.2 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$292.8 Million by the year 2030 trailing a CAGR of 11.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 7.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$174.5 Million by the year 2030.
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