Lutein is known as a carotenoid vitamin. It is an antioxidant belonging to a group called carotenoids. It makes the bright yellow, red, and orange colors in fruits, vegetables, and other plants. It is found in high amounts in leafy greens and orange-yellow vegetables as well as dietary supplements. Foods that are rich in lutein include zucchini, spinach, orange pepper, corn, kale, orange juice, grapes, kiwi fruit, broccoli, and squash. Lutein is vital for maintaining eye health and decreasing the risk of macular degeneration and cataracts.
MARKET DYNAMICS
Increasing demand for lutein in the food and beverage industry as a natural colorant is driving the need for lutein market. Furthermore, growth in pork, poultry, and aquaculture industries is also projected to influence the lutein market significantly in the upcoming period. Moreover, rising demand for eye healthcare supplements across the globe is expected to have a robust impact in the lutein market. Raising awareness about the medicinal applications of lutein is anticipated to generate untapped opportunity for the market participants.
MARKET SCOPE
The "Global Lutein Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of lutein market with detailed market segmentation by form, source, production process, application and geography. The global lutein market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lutein market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global lutein market is segmented on the basis of form, source, production process and application. Based on form, the market is segmented into powder & crystalline, oil suspension, beadlet, and emulsion. On the basis of the source the market is segmented into natural, and synthetic. On the basis of the application the market is segmented into food, beverages, dietary supplements, animal feed, and other applications. On the basis of the production process the market is segmented into chemical synthesis, extraction from botanical material, fermentation, and algae route.(image)
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global lutein market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The lutein market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting lutein market from both demand and supply side and further evaluates market dynamics effecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the lutein market in these regions.
MARKET PLAYERS
The reports cover key developments in the lutein 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 market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from lutein market are anticipated to lucrative growth opportunities in the future with the rising demand for lutein in the global market. Below mentioned is the list of few companies engaged in the lutein market.
The report also includes the profiles of key lutein companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Allied Biotech Corporation
- BASF SE
- Chr. Hansen A/S
- DDW The Color House
- Dohler
- East India Distilleries Parry Limited
- Kemin Industries
- OmniActive Health Technologies
- Piveg, Inc.
- Zhejiang Medicine Co., Ltd
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.