AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Lutein market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Lutein market to grow at a CAGR of 5.8%.
The Basis of Form, such as Powder & crystalline, is boosting the Lutein market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Production Process, such as Chemical synthesis, is boosting the Lutein market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Basis of Source, such as Natural, is boosting the Lutein market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Lutein market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Growing Applications of Lutein in Dietary Supplements and Increasing Medical Applications of Lutein. †
Lutein refers to a yellow pigment found in egg yolk, plant leaves of the xanthophyll class and in the corpus luteum. There are huge applications of lutein- infused products in heart, bone, eye, immune system, and other life-threatening diseases. Increasing demand from pharmaceutical and dietary supplement sector is the key factor driving the lutein market. Further, the increasing number of patients with cardiovascular and diabetics problems increasing the sales of lutein-infused medications.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Lutein market by Type (Food Grade, Pharmaceutical Grade and Other), by Application (Food (Bakery & confectionery products, Infant formula & formulated supplementary food products, Dairy products), Beverages (Aerated & carbonated drinks, RTD beverages, Sports & energy drinks, Juice concentrates & fruit juices), Dietary supplements, Animal feed and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market