Global Lutein Market: Overview
Lutein is a yellow pigment found in many plants, fruits, and vegetables. It is a type of carotenoids and acts as antioxidants. It is also helpful to support healthy functioning of the eye and proper vision. As there is rise in eye diseases such as cataracts, glaucoma, age-related macular degeneration, and diabetic retinopathy the demand for lutein may increase in the market. Lutein is also helpful in preventing several types of cancer which include type 2 diabetes, breast cancer and skin, colon disorders, and coronary heart disease. It is also used in yogurt, ice cream, beverages, fruits, and desserts.
Global Lutein Market: Segmentation
The global lutein market is segmented into its application, end use industry, and regions. On the basis of the application, the lutein market is divided into dairy products, food coloring, cosmetics, medicine, tobacco, egg products, and poultry feed. Based on the end use industry, the market is segregated into pharmaceuticals, food, animal feed applications, nutraceuticals, and dietary supplements. Diversification of the market based on regions is seen into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Global Lutein Market: Growth Factors
The lutein market is a growing market owing to an increasing demand for eye supplements in the healthcare sector and health issues that are caused due to lack of stable diet and hectic lifestyles of the people. A large number of the population is affected by heart diseases, diabetes, stroke, and obesity which may drive the lutein dietary supplements market which includes minerals, fatty acid, and vitamins. However, due to the lutein in the supplements, some people may be affected by rash, hives, facial swelling, stomach cramps, and breathing problems. High consumption of lutein may lead to yellowing of skin. As lutein is not a legalized nutritive ingredient in the infant formula, it affects a major portion of the profit margin and also has an impact on the prices of the products. All these factors create hindrance to the market growth of lutein.
Global Lutein Market: Regional Analysis
Geographically the lutein market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The largest share among these regions is held by Asia Pacific. Growth in this region is seen due to increasing health concerns and changing lifestyles of the people. Following Asia Pacific closely in its growth is North America especially countries such as the U.S. and Canada. Factors to which the growth can be attributed include increasing demand from the healthcare industry for lutein as consumers are using variety of lutein infused products related to heart, bone, weight, eye, immune diseases, and digestion. A fair share to the market growth is also contributed by Europe, Latin America, and the Middle East and Africa.
Global Lutein Market: Competitive Player
Some of the major players in the global lutein market include BASF, DSM, Sundown, Solaray, Allied Biotech Corporation, Iorrow, Tianjin Pharmaland, Kemin, and Nature’s Bounty.
Global Lutein Market: Regional Segment Analysis
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