Lutein is basically a yellow pigment that is found in plants such as marigold, is basically a class of carotenoids. Carotenoids are basically natural pigments that are found in several fruits & vegetables. Lutein regulates the photosynthesis process in plants by suppressing the overproduction of chlorophyll. It performs as an antioxidant that retains the body's natural ability to fight damage by free radicals. Lutein mostly acts as an antioxidant and is also known as "the eye vitamin.” It helps in the proper functioning of the eyes as well as promotes healthy vision. Apart from eye care, lutein can also be used for the treatment of other health issues, such as it is capable of preventing several types of cancer, especially breast cancer, type 2 diabetes, coronary heart disease, and skin disorders.
MARKET DYNAMICS
An increase in the demand for lutein as a health supplement, its rise in demand as a food additive as well as a using it as an additive for animal feed is among the factors that are anticipated to fuel the demand for this ingredient in numerous consumer markets. The awareness among the consumers about the health benefits of lutein as well as many people adapting to a health-conscious lifestyle is consequently driving the market. Growing eye-related diseases such as glaucoma, cataracts, diabetic retinopathy, and other age-related macular degeneration, which most likely is going to lead to a vision loss, are among factors that are likely to bolster and drive the market over the forecast period.
MARKET SCOPE
The "Global Lutein Supplements Market Analysis to 2031” is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lutein supplements market with detailed market segmentation by type, application, and geography. The global lutein supplements market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lutein supplements market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global lutein supplements market is segmented on the basis of type, and application. On the basis of product type the market is segmented into free lutein and lutein esters. On the basis of application the market is segmented into pharmaceuticals, dietary supplement and food additive.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the lutein supplements market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The lutein supplements market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting lutein supplements market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting lutein supplements market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the lutein supplements market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The lutein supplements market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting lutein supplements market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting lutein supplements market in these regions.
MARKET PLAYERS
The reports cover key developments in the lutein supplements market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from lutein supplements market are anticipated to lucrative growth opportunities in the future with the rising demand for lutein supplements in the global market. Below mentioned is the list of few companies engaged in the lutein supplements market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lutein supplements market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Allied Biotech Corporation
- BASF SE
- Chr Hansen Holding A/S
- Divi's Nutraceuticals
- KATRA Phytochem India Pvt Ltd
- Kemin Industries
- LycoRed Ltd
- OmniActive Health Technologies
- Piveg Inc
- Vitae Caps S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Lutein Supplements Market - By Type
1.3.2 Lutein Supplements Market - By Application
1.3.3 Lutein Supplements Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LUTEIN SUPPLEMENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. LUTEIN SUPPLEMENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LUTEIN SUPPLEMENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. LUTEIN SUPPLEMENTS - GLOBAL MARKET OVERVIEW
6.2. LUTEIN SUPPLEMENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LUTEIN SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 – TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FREE LUTEIN
7.3.1. Overview
7.3.2. free lutein Market Forecast and Analysis
7.4. LUTEIN ESTERS
7.4.1. Overview
7.4.2. lutein esters Market Forecast and Analysis
8. LUTEIN SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PHARMACEUTICALS
8.3.1. Overview
8.3.2. pharmaceuticals Market Forecast and Analysis
8.4. DIETARY SUPPLEMENTS
8.4.1. Overview
8.4.2. dietary supplements Market Forecast and Analysis
8.5. FOOD ADDITIVE
8.5.1. Overview
8.5.2. food additive Market Forecast and Analysis
9. LUTEIN SUPPLEMENTS MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Lutein Supplements Market Overview
9.1.2 North America Lutein Supplements Market Forecasts and Analysis
9.1.3 North America Lutein Supplements Market Forecasts and Analysis - By Type
9.1.4 North America Lutein Supplements Market Forecasts and Analysis - By Application
9.1.5 North America Lutein Supplements Market Forecasts and Analysis - By Countries
9.1.5.1 United States Lutein Supplements Market
9.1.5.1.1 United States Lutein Supplements Market by Type
9.1.5.1.2 United States Lutein Supplements Market by Application
9.1.5.2 Canada Lutein Supplements Market
9.1.5.2.1 Canada Lutein Supplements Market by Type
9.1.5.2.2 Canada Lutein Supplements Market by Application
9.1.5.3 Mexico Lutein Supplements Market
9.1.5.3.1 Mexico Lutein Supplements Market by Type
9.1.5.3.2 Mexico Lutein Supplements Market by Application
9.2. EUROPE
9.2.1 Europe Lutein Supplements Market Overview
9.2.2 Europe Lutein Supplements Market Forecasts and Analysis
9.2.3 Europe Lutein Supplements Market Forecasts and Analysis - By Type
9.2.4 Europe Lutein Supplements Market Forecasts and Analysis - By Application
9.2.5 Europe Lutein Supplements Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Lutein Supplements Market
9.2.5.1.1 Germany Lutein Supplements Market by Type
9.2.5.1.2 Germany Lutein Supplements Market by Application
9.2.5.2 France Lutein Supplements Market
9.2.5.2.1 France Lutein Supplements Market by Type
9.2.5.2.2 France Lutein Supplements Market by Application
9.2.5.3 Italy Lutein Supplements Market
9.2.5.3.1 Italy Lutein Supplements Market by Type
9.2.5.3.2 Italy Lutein Supplements Market by Application
9.2.5.4 United Kingdom Lutein Supplements Market
9.2.5.4.1 United Kingdom Lutein Supplements Market by Type
9.2.5.4.2 United Kingdom Lutein Supplements Market by Application
9.2.5.5 Russia Lutein Supplements Market
9.2.5.5.1 Russia Lutein Supplements Market by Type
9.2.5.5.2 Russia Lutein Supplements Market by Application
9.2.5.6 Rest of Europe Lutein Supplements Market
9.2.5.6.1 Rest of Europe Lutein Supplements Market by Type
9.2.5.6.2 Rest of Europe Lutein Supplements Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Lutein Supplements Market Overview
9.3.2 Asia-Pacific Lutein Supplements Market Forecasts and Analysis
9.3.3 Asia-Pacific Lutein Supplements Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Lutein Supplements Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Lutein Supplements Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Lutein Supplements Market
9.3.5.1.1 Australia Lutein Supplements Market by Type
9.3.5.1.2 Australia Lutein Supplements Market by Application
9.3.5.2 China Lutein Supplements Market
9.3.5.2.1 China Lutein Supplements Market by Type
9.3.5.2.2 China Lutein Supplements Market by Application
9.3.5.3 India Lutein Supplements Market
9.3.5.3.1 India Lutein Supplements Market by Type
9.3.5.3.2 India Lutein Supplements Market by Application
9.3.5.4 Japan Lutein Supplements Market
9.3.5.4.1 Japan Lutein Supplements Market by Type
9.3.5.4.2 Japan Lutein Supplements Market by Application
9.3.5.5 South Korea Lutein Supplements Market
9.3.5.5.1 South Korea Lutein Supplements Market by Type
9.3.5.5.2 South Korea Lutein Supplements Market by Application
9.3.5.6 Rest of Asia-Pacific Lutein Supplements Market
9.3.5.6.1 Rest of Asia-Pacific Lutein Supplements Market by Type
9.3.5.6.2 Rest of Asia-Pacific Lutein Supplements Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Lutein Supplements Market Overview
9.4.2 Middle East and Africa Lutein Supplements Market Forecasts and Analysis
9.4.3 Middle East and Africa Lutein Supplements Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Lutein Supplements Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Lutein Supplements Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Lutein Supplements Market
9.4.5.1.1 South Africa Lutein Supplements Market by Type
9.4.5.1.2 South Africa Lutein Supplements Market by Application
9.4.5.2 Saudi Arabia Lutein Supplements Market
9.4.5.2.1 Saudi Arabia Lutein Supplements Market by Type
9.4.5.2.2 Saudi Arabia Lutein Supplements Market by Application
9.4.5.3 U.A.E Lutein Supplements Market
9.4.5.3.1 U.A.E Lutein Supplements Market by Type
9.4.5.3.2 U.A.E Lutein Supplements Market by Application
9.4.5.4 Rest of Middle East and Africa Lutein Supplements Market
9.4.5.4.1 Rest of Middle East and Africa Lutein Supplements Market by Type
9.4.5.4.2 Rest of Middle East and Africa Lutein Supplements Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Lutein Supplements Market Overview
9.5.2 South and Central America Lutein Supplements Market Forecasts and Analysis
9.5.3 South and Central America Lutein Supplements Market Forecasts and Analysis - By Type
9.5.4 South and Central America Lutein Supplements Market Forecasts and Analysis - By Application
9.5.5 South and Central America Lutein Supplements Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Lutein Supplements Market
9.5.5.1.1 Brazil Lutein Supplements Market by Type
9.5.5.1.2 Brazil Lutein Supplements Market by Application
9.5.5.2 Argentina Lutein Supplements Market
9.5.5.2.1 Argentina Lutein Supplements Market by Type
9.5.5.2.2 Argentina Lutein Supplements Market by Application
9.5.5.3 Rest of South and Central America Lutein Supplements Market
9.5.5.3.1 Rest of South and Central America Lutein Supplements Market by Type
9.5.5.3.2 Rest of South and Central America Lutein Supplements Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LUTEIN SUPPLEMENTS MARKET, KEY COMPANY PROFILES
11.1. ALLIED BIOTECH CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHR HANSEN HOLDING A/S
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DIVI'S NUTRACEUTICALS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KATRA PHYTOCHEM INDIA PVT LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KEMIN INDUSTRIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LYCORED LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. OMNIACTIVEHEALTHTECHNOLIGIES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PIVEGINC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VITAE CAPS S.A.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Allied Biotech Corporation
2. BASF SE
3. Chr Hansen Holding A/S
4. Divi's Nutraceuticals
5. KATRA Phytochem India Pvt Ltd
6. Kemin Industries
7. LycoRed Ltd
8. OmniactiveHealthTechnoligies
9. PivegInc
10. Vitae Caps S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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