A recent report published by
Infinium Global Research on the lutein market provides an in-depth analysis of
segments and sub-segments in the global as well as regional lutein market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional lutein market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of the global lutein market. According to the report, the global lutein
market is projected to grow at a CAGR of 5.1% over the forecast period of
2019-2025.
Market Insight:
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 types 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 in 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 for the different types of health
supplements to control lifestyle diseases.
Segment Covered
The report on the 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.
Companies Profiled:
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.
Report Highlights:
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 the 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.