Lutein is basically a yellow pigment that is found in plants such as marigold, is basically a class of carotenoids. Carotenoids are basically natural pigments that are found in several fruits & vegetables. Lutein regulates the photosynthesis process in plants by suppressing the overproduction of chlorophyll. It performs as an antioxidant that retains the body's natural ability to fight damage by free radicals. Lutein mostly acts as an antioxidant and is also known as "the eye vitamin.? It helps in the proper functioning of the eyes as well as promotes healthy vision. Apart from eye care, lutein can also be used for the treatment of other health issues, such as it is capable of preventing several types of cancer, especially breast cancer, type 2 diabetes, coronary heart disease, and skin disorders.
MARKET DYNAMICS
An increase in the demand for lutein as a health supplement, its rise in demand as a food additive as well as a using it as an additive for animal feed is among the factors that are anticipated to fuel the demand for this ingredient in numerous consumer markets. The awareness among the consumers about the health benefits of lutein as well as many people adapting to a health-conscious lifestyle is consequently driving the market. Growing eye-related diseases such as glaucoma, cataracts, diabetic retinopathy, and other age-related macular degeneration, which most likely is going to lead to a vision loss, are among factors that are likely to bolster and drive the market over the forecast period.
MARKET SCOPE
The "Global Lutein Supplements Market Analysis to 2028? is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lutein supplements market with detailed market segmentation by type, application, and geography. The global lutein supplements market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lutein supplements market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global lutein supplements market is segmented on the basis of type, and application. On the basis of product type the market is segmented into free lutein and lutein esters. On the basis of application the market is segmented into pharmaceuticals, dietary supplement and food additive.
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 lutein supplements market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The lutein supplements 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 lutein supplements market from both demand and supply side and further evaluates market dynamics affecting 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 America after evaluating political, economic, social and technological factors affecting lutein supplements market in these regions.
MARKET PLAYERS
The reports cover key developments in the lutein supplements 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 the expansion of business and customer base of market players. The market players from lutein supplements market are anticipated to lucrative growth opportunities in the future with the rising demand for lutein supplements in the global market. Below mentioned is the list of few companies engaged in the lutein supplements market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lutein supplements 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 SE
- Chr Hansen Holding A/S
- Divi's Nutraceuticals
- KATRA Phytochem India Pvt Ltd
- Kemin Industries
- LycoRed Ltd
- OmniActive Health Technologies
- Piveg Inc
- Vitae Caps S.A.
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.