An ester is a chemical compound derived from an acid and is naturally occurring and can also be produced synthetically. A lutein ester has two extra fatty acid molecules, as opposed to pure lutein. Lutein and zeaxanthin are powerful antioxidants that defend the body against unstable molecules called free radicals. In excess, free radicals can damage cells, contribute to aging, and lead to diseases like heart disease, cancer, type 2 diabetes, and Alzheimer's disease. Lutein is an antioxidant that protects eyes from excessive computer and phone use. It also increases skin hydration and elasticity and protects against harmful UV rays and certain eye diseases.
MARKET DYNAMICS
The lutein and lutein esters market has witnessed a significant growth owing to factors such as growth of chemical industry. Moreover, research and development activity provides a huge market opportunity for the key players operating in the lutein and lutein esters market. However, disruptions caused by the coronavirus pandemic has brought lot of uncertainties in the market.
MARKET SCOPE
The "Global Lutein and Lutein Esters Market Analysis to 2028"? is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lutein and lutein esters market with detailed market segmentation type, application, and geography. The global lutein and lutein esters market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lutein and lutein esters market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global lutein and lutein esters market is segmented on the basis of type and application. On the basis of type, the global lutein and lutein esters market is divided into powder and oil. On the basis of application, the global lutein and lutein esters market is divided into pharmaceuticals, dietary supplement and food additives.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global lutein and lutein esters market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The lutein and lutein esters market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the lutein and lutein esters market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the lutein and lutein esters market in these regions.
MARKET PLAYERS
The reports cover key developments in the lutein and lutein esters market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from lutein and lutein esters market is anticipated to lucrative growth opportunities in the future with the rising demand for lutein and lutein esters in the global market. Below mentioned is the list of few companies engaged in the lutein and lutein esters market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the lutein and lutein esters market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Allied Biotech Corporation
- BASF
- Chenguang Biotech Group
- Divis Nutraceuticals
- FMC BioPolymer
- Katra Phyto
- Kemin
- Omniactive
- Tian Yin Biotechnology
- Vitae Naturals
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.