Lutein is a type of carotenoid vitamin. It has numerous health benefits to treat age-related macular degeneration (AMD), retinitis pigmentosa and cataracts. Additionally, it is used to treat other chronic diseases like breast cancer. It is one of the most important carotenoids used to boost eye health. Its proper balance helps the eye to work properly, and protect the eye tissue from the adverse impact of the sunlight. Further, it is used to prepare numerous type of eye supplements and other medicine to treat obesity, stroke, and diabetes problems. It is generally found in colored fruits and vegetables like carrot, spinach, leafy vegetables, and others. Moreover, it is a great source of antioxidants elements, which helps to control the free radicals inside the body and protect from fatal diseases as Alzheimer’s disease, cancer, diabetes, and others.
The growing health awareness about the lutein among the consumers is helping to grow the demand for lutein based products. Additionally, growing lifestyle problem as obesity, eyesight problem, and other age-related Alzheimer’s disease is boosting the demand of the lutein based products. However, the availability of substitute products is restricting the growth of the market. The growth of millennial consumers, growing disposable income among them to afford health beneficial products is expected to boost the demand for lutein based products.
Geographically, the lutein market is segmented into four regions namely, North America, Europe, the Asia-Pacific, and RoW. North America is the largest player of the lutein market, owing to the presence of several global pharmaceutical companies producing lutein based medicine and supplements in this region. Additionally, the presence of a large number of the patient suffering from a different type of lifestyle disease is helping to grow the demand of the lutein based product in this region. Europe is the second-largest market of the lutein market, after North America. The Asia-Pacific lutein market is expected to grow at the highest CAGR during the forecast period, owing to the growing demand of the different type of health supplement to control lifestyle diseases.
The report on global lutein market covers segments such as form, source, application, and production process. On the basis of form, the sub-markets include powder & crystalline, oil suspension, beadlet, and emulsion. On the basis of source, the sub-markets include natural, and synthetic. On the basis of application, the sub-markets include food, beverages, dietary supplements, animal feed, and other applications. On the basis of production process, the sub-markets include chemical synthesis, extraction from botanical material, fermentation, and algae route.
The report provides profiles of the companies in the market such as Fenchem, LycoRed Ltd., Synthite Industries Private Ltd., Allied Biotechnology India Pvt Ltd, Döhler, D D W the Colour House, Piveg, Inc., OmniActive Health Technologies, Zhejiang Medicine Co., Ltd., and Kemin Industries.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of lutein market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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