Press release
Lutein Market to Reach USD 491.4 Mn by 2029, emerging at a CAGR of 6.10 percent and forecast 2023-2029
Lutein Market
According to the US VMHS Survey, dietary supplements for conditions such as diabetes, heart problems, and other diseases accounted for approximately 40% of the Lutein market. Furthermore, individuals aged over 65 accounted for roughly 36% of unit consumption. The market report provides comprehensive insights into these statistics and more, offering the latest market dynamics and regional penetration data.
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Lutein Market Research Methodology:
Our report consolidates and analyzes data from 2020, providing real numbers available in the market. This ensures that consumers of the report receive the latest insights into market share and product penetration.
What are Lutein Market Dynamics:
Demand for lutein in various consumer sectors is likely to be driven by factors such as an increase in demand for lutein as a natural colorant in food and beverage applications, as well as the usage of lutein in animal feed additives. Furthermore, rising government initiatives for diabetes and heart disease are expected to enhance product demand among end users. Furthermore, the sheer number of elderly people, which is expanding the vitamins and nutritional supplement market in emerging nations, is a factor boosting the product's growth.
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Lutein Market Regional Insights:
The Asia Pacific market is anticipated to register the highest CAGR of 8.6% over the forecast period. Developing economies like China and India are expected to witness high growth due to the prevalence of eye disorders and the growing demand for dietary supplements.
North America is set to gain a prominent share in the market due to the increasing presence of key players in the US and Canada. Manufacturers in the region are shifting their focus from ingredient-specific products to broader brand positioning. The US market accounts for approximately 56% of the market share in terms of Lutein supplement sales. Additionally, the concentration of VMHS services in the region is expected to contribute to regional growth during the forecast period.
What is Lutein Market Segmentation:
by Form
Powder and crystalline
Beadlet
Oil Suspension
by Application
Food
Beverages
Dietary supplements
Animal Feed
Others
by Source
Natural
Synthetic by Process
Chemical synthesis
Extraction From botanical materials
Fermentation
Algae Route
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Who are Lutein Market Key Players:
1. BASF
2. Anhui Ruisen
3. Chr. Hansen
4. Kemin
5. E.I.D. Parry
6. Nature's Bounty
7. Solaray
8. Ddw The Color House
9. Döhler
10. Lycored
11. Allied Biotech
12. Piveg
13. Fenchem
14. Zhejiang Medicine
15. DSM
16. DDW The Color House
17. East India Distilleries Parry Limited
18. OmniActive Health Technologies
Table of content for the Lutein Market includes:
Lutein Market: Research Methodology
Lutein Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Lutein Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Lutein Market https://www.maximizemarketresearch.com/market-report/lutein-market/661/
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