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Market Research Report
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1021245

Global Lutein Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Lutein Market - 2021-2028
Published: July 30, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
  • ALL
  • Description
  • Table of Contents
Description

Market Overview:

Lutein is one of the major type of carotenoid, which is related to vitamin A. It is a yellow pigment which has been proved by various studies to preserve eye health and reduce the risk of macular degeneration and cataracts. These benefits led to increased consumption of lutein in various applications such as food products, supplements, cosmetics and animal feed. Egg yolks, broccoli, spinach, kale, maize, orange pepper, kiwi fruit, grapes, zucchini, orange juice, and squash are the commonly available sources of lutein. With changing lifestyles and increasing risks of age related macular degeneration and cataracts, the demand for lutein is likely to grow. The global lutein market valued US$ XX billion in 2020 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX% during the forecast period (2021-2028).

Market Dynamics: Rising awareness in people regarding role of lutein in prevention of eye diseases driving the growth of the market

With rising utilization of mobile phones, computers and other electronic displays, the incidence of ocular disorders has been significantly rising globally. Prolonged exposure to these devices are increasing risk of various eye health issues including dry eye and irritation, macular degeneration and several other issues commonly termed as computer vision syndrome. Thus, people are getting more conscious towards their vision leading to high addressable market for eye health related products. The importance of lutein in preventing eye disease has been highlighted in many studies in order to reduce the growing vision impairment cases. Moreover, awareness campaigns like "Save Our Sights" which was led by New Zealand optometrists association to highlight the importance of having lutein in their diets. Such initiatives led by organizations and government is propelling the growth of the market. Moreover, the demand for lutein-based products is further expected to increase with growing health conscious millennial consumers. Countries with high cataract or vitamin A deficiency cases can serve as an opportunity for the lutein market.

Market Segments: Lutein supplements are leading owing to their role in treating vision impairments

Lutein is commonly being taken in the form of supplements these days, as demand for convenience food is increasing, owing to the busy lifestyle of people. Lutein supplements are commonly taken for eye related issues which include cataract and AMD. According to a research, people who take lutein supplements for eyes have 30% lower risk of getting affected with cataracts. Moreover, several studies have also suggested that lutein supplements improve the ability to detect contrasts between colors and intensities, which is supporting its demand in the global market. In addition, the beneficial roles played by lutein supplements in lowering the blood concentrations of inflammatory cytokines, is another supporting factor for its growth.

Geographical Penetration: North America dominates the global lutein market due to the prevalence of huge vision impairment cases

North America holds the largest share of the market with United States being its major contributor. As United States holds the largest vision impaired population, the demand for lutein supplements is high in this country. According to American Academy of Ophthalmology, cataracts affect more than 24.4 million Americans age 40 and older, every years. By age 75, approximately half of all Americans have cataracts. While, Nearly 2.1 million Americans age 50 and older have late AMD, which can lead to severe vision impairment. Hence, lutien supplements have been recommended by various optometrists in America, in the wake of the growing vision impairment cases.

Competitive Landscape:

The global lutein market is highly consolidated with key players like BASF SE, Chr. Hansen, E.I.D. Parry, Kemin Industries, Zhejiang Medicine, Dohler, Lycored, PIVEG, Allied Biotech Corporation and FENCHEM, which are pioneers in providing vitamin rich supplements. These companies have their game play by finsing innovative solutions to provide consumers with lutein. For instance, BASF recently announced the launch of its lutein ester Bright-eye tablet to increase the optical density of macular pigment.

COVID-19 Impact: Pandemic had a positive impact on global lutein market

As the covid-19 outbreak resulted in lockdown in major parts of the globe, which had a significant effect on supply chain, production and transportation of goods. But the lutein market was seen to be booming during this period, due to the fact that the shutdown of offices during this period, resulted in work from home culture. This resulted in people spending extended hours on computer screens. Hence, people were seen to be consuming lutein supplements as a precautionary measure for their eye sight during the pandemic. The market was seen to be highly in rise in countries like the United States which is recorded to have highest number of cataract cases.

Why Purchase the Report?

  • Understand the current market scenario and viability of global lutein market over the forecast period
  • Visualize the composition of the global lutein market in terms of product form, end user and product form to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Excel data sheet with valuable data points of the global lutein market - Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Food & Beverages Companies
  • Dietary supplements manufacturers
  • Pharmaceutical companies
  • Import and Export Companies
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
Table of Contents
Product Code: DMFB3725

Table of Contents

1. Global Lutein Market -Scope and Methodology

  • 1.1. Research Methodology
  • 1.2. Scope of the Market

2. Global Lutein Market -Key Trends and Developments

3. Global Lutein Market - Executive Summary

  • 3.1. Market Snippet By Type
  • 3.2. Market Snippet by Product Form
  • 3.3. Market Snippet by End Use

4. Global Lutein Market - Market Dynamics

  • 4.1. Market impacting factors
    • 4.1.1. Drivers
      • 4.1.1.1. Rising awareness in people regarding role of lutein in prevention of eye diseases
    • 4.1.2. Restraints
      • 4.1.2.1. Side effects due to over dosage of lutein
    • 4.1.3. Opportunities
  • 4.2. Impact analysis

5. Global Lutein Market - Industry Analysis

  • 5.1. Porter's five forces analysis
  • 5.2. Supply chain analysis
  • 5.3. Pricing analysis
  • 5.4. Patent Analysis
  • 5.5. Regulatory Analysis

6. Global Lutein Market - COVID-19 Analysis

  • 6.1. Porter's five forces analysis
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives

7. Global Lutein Market - By Type

  • 7.1. Introduction
    • 7.1.1. Market size analysis, and y-o-y growth analysis (%), By Type segment
    • 7.1.2. Market attractiveness index, By Type segment
  • 7.2. Natural*
    • 7.1.3. Introduction
    • 7.1.4. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 7.3. Synthetic

8. Global Lutein Market - By Product Form

  • 8.1. Introduction
    • 8.1.1. Market size analysis, and y-o-y growth analysis (%), By Product Form Segment
    • 8.1.2. Market attractiveness index, By Product Form Segment
  • 8.2. Powder*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 8.3. Oil Suspensions
  • 8.4. Emulsions
  • 8.5. Beadlets
  • 8.6. Others

9. Global Lutein Market - By End Use

  • 9.1. Introduction
    • 9.1.1. Market size analysis, and y-o-y growth analysis (%), By End Use Segment
    • 9.1.2. Market attractiveness index, By End Use Segment
  • 9.2. Dietary Supplements*
    • 9.1.3. Introduction
    • 9.1.4. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 9.2. Cosmetics and Personal care
  • 9.3. Food & Beverages
  • 9.4. Pharmaceutical
  • 9.5. Others

10. Global Lutein Market - By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key region-specific dynamics
    • 10.2.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.2.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
    • 10.2.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By End Use
    • 10.2.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.2.6.1. U.S.
      • 10.2.6.2. Canada
      • 10.2.6.3. Mexico
  • 10.3. South America
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.3.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
    • 10.3.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By End Use
    • 10.3.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.3.6.1. Brazil
      • 10.3.6.2. Argentina
      • 10.3.6.3. Rest of South America
  • 10.4. Europe
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
    • 10.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Supplement
    • 10.4.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.4.6.1. Germany
      • 10.4.6.2. U.K.
      • 10.4.6.3. France
      • 10.4.6.4. Italy
      • 10.4.6.5. Rest of Europe
  • 10.5. Asia Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
    • 10.5.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By End Use
    • 10.5.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.5.6.1. China
      • 10.5.6.2. India
      • 10.5.6.3. Japan
      • 10.5.6.4. Australia
      • 10.5.6.5. New Zealand
      • 10.5.6.6. Rest of Asia Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Type
    • 10.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Form
    • 10.6.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By End Use

11. Global Lutein Market - Competitive Landscape

  • 11.1. Competitive scenario
  • 11.2. Competitor strategy analysis
  • 11.3. Market positioning/share analysis
  • 11.4. Mergers and acquisitions analysis

12. Company Profiles

  • 12.1. Kemin Industries*
    • 12.1.1. Company Overview
    • 12.1.2. Type Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. BASF SE
  • 12.3. Chr. Hansen holdings A/S
  • 12.4. EID Parry Limited
  • 12.5. Zhejiang Medicine Co., Ltd.
  • 12.6. Fenchem international
  • 12.7. Dohler
  • 12.8. LycoRed Ltd.
  • 12.9. Piveg Inc
  • 12.10. Allied Biotech Corporation

13. Global Lutein Market - Premium Insights

14. Global Lutein Market - DataM

  • 14.1. Appendix
  • 14.2. About us and services
  • 14.3. Contact us