Future Market Insights
Lutein is a type of carotenoids, is a yellow pigment found in many plants- particularly in marigold which is a natural pigment found in many fruits & vegetables and responsible for bright yellow colors of fruits & vegetables which act as an antioxidant and also support for eye function and healthy vision. Lutein is also called as “the eye vitamin”. Lutein helps to maintain macular pigment optical density which supports healthy vision. Healthy nutritional intake provides good eyesight. As rising eye diseases like glaucoma, cataracts, diabetic retinopathy, and age-related macular degeneration may effect industry growth. Lutein is also used in ice cream, yogurt, fruit, beverages, and desserts.
Lutein has the ability to absorb blue light which later acts as ‘internal sunglasses’ which may reduce photochemical harm occurs by short-wavelength of observable light. After consuming lutein through dietary supplements and leafy vegetables increases MPOD (Macular Pigment Optical Density) in human eyes and decreases the risk of AMD (Age-related Macular Degeneration).
Apart from caring eyes, lutein is also used for curing many healthcare problems like it prevents several types of cancer which include breast cancer, type 2 diabetes and colon, skin disorders, and coronary heart disease.
Global Lutein Market: Segmentation
Lutein market can be segmented on the basis of end-use industry, by application, and by regions. Based on the end use industry, Lutein is segmented into food, pharmaceuticals, nutraceuticals, animal feed applications and dietary supplements. Cosmetics & pharmaceutical sectors are projected to grow during the forecasted period. On the basis of the application, lutein market is segmented into food coloring, dairy products, egg products, cosmetics, tobacco, medicine and poultry feed. Application of lutein in dairy & egg products is the foremost segment of Lutein market over the projected period. Growing consumer preference towards functional dairy products such as cheese, yogurt and ice creams due to increasing health concern consumers may drive the global lutein market.
Global Lutein Market: Regional Outlook
On the basis of the geographical market segment, it is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa.
In regional segments, APAC is presently the market leader in terms of revenue in the global lutein market and is expected to hold market dominance over the forecast period followed by North America will witness relatively high growth in the global Lutein market over the forecast period as increasing health concerns mainly increasing demand for Lutein in healthcare industry as consumers are using variety Lutein infused products which are related to bone, heart, eye, weight, digestion, immune diseases may drive U.S. lutein market.
Global Lutein Market: Drivers & Restraints
The global Lutein market is projected to witness constant growth over the forecast period.The growth of Lutein market is driven by rising demand for eye supplements due to the surge in healthcare sector may drive the market during the forecast period. Hectic lifestyle and lack of stable diet have increased health problems such as diabetes, heart diseases, obesity, and stroke will boost the lutein dietary supplements market which includes fatty acid, minerals and vitamins during the anticipated period.
Supplements which contain lutein have some restraint, it may cause hives, rash, stomach cramps, and facial swelling & breathing problem is the major restraint of lutein market. Consumption of high amount of lutein products or supplements may lead to a yellowing skin. Henceforth, lutein is not legalized as a nutritive ingredient in infant formula which reduces the industry profit margin and pressurizes products price trend is another key fear for global lutein market.
Global Lutein Market: Key Players
Some of the key players operating in the global Lutein market include DSM, BASF, Solaray, Sundown, Iorrow, Allied Biotech Corporation, Kemin, Tianjin Pharmaland, Nature’s Bounty, and few other regional players. Manufacturers all over the world are expanding and innovating new technology and improving in production which may favor drive value & volume market size growth and also focus on different strategies to maintain their market share in the global lutein market.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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