The global demand for Lutein Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Lutein is a pigment yellow in color, found in various plants, vegetables, and fruits. It is a type of carotenoid and acts as antioxidants. It is also useful to support the healthy functioning of the eye and proper vision. Since there is a rise in eye diseases such as glaucoma, cataract, age-related macular degeneration, and diabetic retinopathy, the demand for lutein may rise in the market. Lutein is also useful in preventing cancer, including type 2 diabetes, skin and breast cancer, colon disorders, and coronary heart disease. It is also used in ice-cream, beverages, yogurt, fruits, and desserts.
The lutein market is an experiencing growth due to the increasing demand for eye supplements in the healthcare sector and health issues caused due to a lack of a regular diet and the people hectic lifestyles. Many of the population is affected by heart diseases, diabetes, stroke, and obesity, which may drive the lutein dietary supplements market, which includes minerals, fatty acids, and vitamins. However, due to the lutein in the supplements, some people may be affected by rash, hives, facial swelling, stomach cramps, and breathing problems. High consumption of lutein may lead to yellowing of the skin. However, lutein is not a legalized nutritional ingredient in the infant formula, it affects a significant portion of the profit margin. Also, it has an impact on the prices of the products. All these factors create a limitation to the market growth of lutein.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of lutein.
The entire lutein market has been sub-categorized into application and end use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End Use Industry
- Dairy Products
- Food Coloring
- Egg Products
- Poultry Feed
- Animal Feed Applications
- Dietary Supplements
This section covers regional segmentation which accentuates on current and future demand for lutein market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Lutein Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lutein market include BASF, DSM, Sundown, Solaray, Allied Biotech Corporation, Iorrow, Tianjin Pharmaland, Kemin, Nature’s Bounty. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.