Evolving Industry Trends of Lutein Market 2018 also Increasing Growth in Pork, Poultry And Aquaculture Industries by 2024
Competitive Analysis: Global Lutein Market
Lutein market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lutein market for global, Europe, North America, Asia Pacific and South America.
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Lutein Market Analysis:
Global Lutein Market accounted to USD 265.6 million in 2016 growing at a CAGR of 6.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Drivers and Restraints:
• Increase in scope of application
• Preventive healthcare and nutraceuticals
• Rise in demand for natural colorants
• Growth in pork, poultry, and aquaculture industries
• Harmful effects of high doses of lutein
• Stringent regulatory and approval norms
• Lack of R&D activities in African and Middle Eastern countries
BASF SE, E.I.D. Parry, Chr. Hansen Holding A/S, Kemin, Zhejiang Medicine, Omniactive Health Technologies, Piveg, DDW the Colour House, Döhler, Allied Biotech, Synthite Industries, Lycored, Fenchem, DSM, Sabinsa, Katra Phytochem Pvt ltd., Unibar Corporation, among others.
Some Major Point Cover in this Lutein Market Report are:
What will the market Growth Rate, Overview and Analysis of Lutein Market in 2024?
What are the Major Market Drivers & Restraints of Global Lutein Market?
What are Research Methodology used in Lutein Market?
Who are Major Market Competitors of Lutein Market?
What is the Market Segmentation of Lutein Market?
What are the opportunities and threats faced by the vendors in the global market?
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Lutein Market Segmentation
• By form the market for lutein market is segmented into powder, oil suspension, beadlet, emulsion.
• By source the lutein market is segmented into natural and synthetic.
• On the basis of application the lutein market is segmented into food & beverages, pharmaceuticals, animal feed, dietary supplements, cosmetics.
The food and beverages segment is further sub-segmented into bakery & confectionery, breakfast cereals, infant formula, dairy, beverages, frozen food and others. The beverages segment is sub-segmented into energy drinks, flavored beverages, aerated drinks and others.
• On the basis of process, the market is segmented into chemical synthesis, extraction from botanical material, fermentation, algae route.
• On the basis of geography, lutein market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Europe is expected to dominate the market.
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