Lutein and Zeaxanthin Market Will Generate Record Revenue by 2029

Lutein and zeaxanthin market is anticipated to grow at a significant CAGR during the forecast period. Lutein and zeaxanthin are carotenoids. They are pigments that are produced by plants to give fruits and vegetables a yellow to a reddish hue. Additionally, lutein and zeaxanthin are structurally similar, however, they have a slight difference in the arrangement of their atoms and offer a range of health benefits. The major factor driving the demand for the global lutein and zeaxanthin market during the forecast period is the increasing demand for healthy & organic food products across the globe.

Moreover, lutein and zeaxanthin are potent antioxidants and are also useful in delaying age-related eye diseases. Additionally, the rising awareness of dietary supplements coupled with the rising disposable income of people across the globe is driving the growth of the global lutein and zeaxanthin during the forecast period. However, the lack of awareness regarding health benefits associated with lutein and zeaxanthin may hamper the growth of the market.

Some major players in the market include BASF SE, Royal DSM N.V., and Chr. Hansen A/S, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in May 2021, PharmaLinea announced the launch of a line of preventative eye health supplements in consumer-friendly formats. This line includes eye health supplements such as Your Vision Orosticks and Your Vision Liquid Sticks and is based on the source of highly sought-after carotenoids lutein and zeaxanthin.

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Market Coverage

· The market number available for - 2022-2030

· Base year- 2022

· Forecast period- 2023-2030

Segment Covered-

· By Type

· By Application

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- BASF SE, Royal DSM N.V., and Chr. Hansen A/S, among others.

Lutein and Zeaxanthin Market Report by Segment

By Type

· Lutein

· Zeaxanthin

By Application

· Supplements

· Food

· Feed

· Cosmetics

· Pharmaceuticals

· Others

A full Report of Lutein and Zeaxanthin Market is Available @ https://www.omrglobal.com/industry-reports/lutein-and-zeaxanthin-market

Lutein and Zeaxanthin Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

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