The Reports and Data's Global LuteinMarketresearch report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.
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The global lutein market size was USD 365.8 million in 2022 and is expected to reach a value of USD 548.6 million in 2032 and register a revenueCAGR of 7.2% during the forecast period. With a projected revenue compound annual growth rate (CAGR) of 7.2%, the global lutein market is expected to experience rapid expansion during the forecast period. The market is expanding because of rising demand for lutein in the food and beverage, dietary supplement, pharmaceutical, and cosmetic industries.
The rising consumer knowledge of lutein’s health advantages is one of the key factors driving the lutein market. Dark green leafy vegetables but also other fruits and vegetables generally contain lutein, a naturally occurring carotenoid pigment. It has Antioxidant qualities and is linked to promoting eye health by lowering the risk of cataracts and age-related Macular Degeneration (AMD). The market is expanding because of rising lutein demand brought on by changing lifestyles and rising health consciousness.
Major Companies:
Kemin Industries, BASF SE, Dupont Nutrition Health, Allied Biotech Corporation, Archer Daniels Midland Company, Natures Bounty Co, Evonik Industries, Chr. Hansen Holding A/S, Pioneer Food Solutions, Valensa International, D.D. Williamson Co. Inc.
The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Lutein is expected to rise in the coming years.
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Type Outlook:
- Marigold Extracts
- Synthetic
- Others
Application Outlook:
- Dietary Supplements
- Pharmaceuticals
- Food Beverages
- Animal Feed
- Others
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Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Lutein Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Lutein Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Lutein Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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