Worldwide Lutein Market Report Describe detailed study of some decisive parameters such as manufacture analysis, size, share, forecast trends, sales, supply, production, demands, industry, and CAGR. The report demonstrates influencing parameters of the market such as application, modernization, product development, and different frameworks & procedures. It also focuses on shifts in the global market.
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Lutein Market Analysis:
Global Lutein Market accounted to USD 265.6 million in 2016 growing at a CAGR of 6.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
- BASF SE,
- I.D. Parry,
- Hansen Holding A/S,
- Zhejiang Medicine,
- Omniactive Health Technologies,
- DDW the Colour House,
- Allied Biotech,
- Synthite Industries,
- Lycored, Fenchem,
- Katra Phytochem Pvt ltd.,
- Unibar Corporation, among others.
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Global lutein market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Market Drivers and Restraints:
- Increase in scope of application
- Preventive healthcare and nutraceuticals
- Rise in demand for natural colorants
- Growth in pork, poultry, and aquaculture industries
- Harmful effects of high doses of lutein
- Stringent regulatory and approval norms
- Lack of R&D activities in African and Middle Eastern countries
Lutein market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of lutein market for global, Europe, North America, Asia Pacific and South America.
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Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global lutein
- Analyze and forecast the lutein market on the basis of market type and application.
- Trends of key regional and country-level markets for market type and application.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.
Lutein Market Segmentation
On the basis of form
- oil suspension,
On the basis of source
On the basis of application
- food & beverages,
- animal feed,
- dietary supplements,
The food and beverages segment is further sub-segmented into bakery & confectionery, breakfast cereals, infant formula, dairy, beverages, frozen food and others. The beverages segment is sub-segmented into energy drinks, flavored beverages, aerated drinks and others.
On the basis of process
- chemical synthesis,
- extraction from botanical material,
- algae route.
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