Lutein Market by Services, Statistics and Investment Opportunity Forecast to 2027 – Bloomingprairieonline

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Based on current analysis of reports and data, the Lutein Market was valued at USD 274.6 million in 2018 and is expected to reach USD 454.8 million by 2026, at a CAGR of 6.4%. Lutein is an antioxidant carotenoid responsible for the yellow color of fruits and vegetables. It is one of the two main carotenoids found as a color pigment in the human eye. It acts as a light filter and protects ocular tissues from sun damage.

A healthy nutritional intake of lutein can help ensure good eyesight. However, improper consumption can impair eyesight with age. Dietary supplements include minerals, vitamins and fatty acids that help consumers maintain good health and prevent harmful diseases. Growing health concerns among the population are expected to support the growth of the market. Rising demand for the product as a health supplement and its growing use as a natural colorant in food and beverage applications, as well as its use as an additive in animal feed, are a few factors driving the demand for the product during years of forecasting.

Europe held 36.2% of the industry in 2018 and is expected to see significant growth in the coming years. Presence of key manufacturers including BASF, Chr. Hansen and Döhler in the region should influence growth. The high incidence of cataracts and age-related macular degeneration (AMD) in the region is also likely to drive demand. According to statistics published by the European Society of Retina Specialists, in 2017 AMD affected approximately 34 million people in the European Union and 22 million people in the five most populous European countries alone: ​​Germany, France, the United Kingdom, Italy and Spain. . Additionally, the number of AMD patients in the region is expected to increase by nearly 25% based on population growth and aging through 2050. This should create lucrative growth opportunities for the product.

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Competitive Landscape:

The research report provides details of major companies in the global Lutein market along with the global position, financial status, license agreement, product and service portfolio, and revenue contribution of each market player. The major market players are focused on adopting various strategies such as mergers and acquisitions, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and acquire a solid footing in the market.

Market dynamics:

The increasing inclination of consumers towards functional, organic and probiotic-based foods and beverages is giving impetus to the growth of the global food and beverage industry. Various studies have come up with health benefits associated with “ethnic” and organic food products. These foods improve cardiovascular health, improve arthritis, digestive issues, and other inflammatory conditions. Consumers are increasingly focusing on conscious eating and consuming foods for health and well-being. Changing consumer eating and eating habits are driving brand owners and new entrants to introduce healthy food options. Several Clean Label products have been introduced to the market and consumer curiosity for new products is immense

Growing middle class consumers with rising incomes in developing countries such as India and China will drive the growth of the food and beverage market. Additionally, growing consumer preference for purchasing food and beverages from online platforms due to variety, cost and time saving will favor the market size till 2027.

Some of the major market players are listed below:

  • BASF (Germany),
  • Lycored (Israel),
  • Allied Biotech (Taiwan),
  • Hansen (Denmark),
  • ID Parry (India),
  • Zhejiang Medicine (China),
  • Kevin (USA)

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Market segmentation :

Lutein Market Segmentation Based on Outlook:

  • Powdery & Crystalline
  • Oil and suspension
  • Pearl
  • Emulsion

Lutein Market Segmentation Based On Source Perspectives

Lutein Market Segmentation Based on Application:

  • Food
  • Beverages
  • Food supplements
  • Others

Lutein Market Segmentation Based on Regions:

  • North America (United States, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Spain, Benelux, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific)
  • Latin America (Brazil, rest of Latin America)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of Middle East and Africa)

Key Features of the Global Lutein Market:

  • The report offers detailed estimates at regional level with manufacturers, consumption, sales and import/export dynamics.
  • The report provides accurate details of market manufacturers/suppliers, company overview, price analysis, financial position, product portfolio and gross profit of major companies.
  • Company profiling with current expansion strategies, revenue generation and recent developments.
  • Optimal strategic initiatives for new market players.
  • Manufacturing process, suppliers, cost, production and consumption rates, mode of transportation and cost structuring, and value chain analysis.
  • The study also includes supply chain trends, including elaborate descriptions of the latest technological developments.

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