Global Lutein Market 2018-2022 Description
TechNavio - Infiniti Research Ltd.
Global Lutein Market 2018-2022
About Lutein
Lutein is a naturally-occurring carotenoid and antioxidant. It is beneficial for eye health as it helps to prevent and cure eye diseases like macular degeneration and cataracts.
Technavio’s analysts forecast the global lutein market to grow at a CAGR of 6.67% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global lutein market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio's report, Global Lutein Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Allied Biotech
- BASF SE
- Chr. Hansen Holding
- Kemin Industries
- Kohlberg Kravis Roberts & Co (Nature’s Bounty)
Market driver - Health benefits of lutein
- For a full, detailed list, view our report
Market challenge - Abundant presence of lutein in natural forms
- For a full, detailed list, view our report
Market trend - Increasing demand for organic varieties
- For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Press Release
Technavio Announces the Publication of its Research Report – Global Lutein Market 2018-2022
Technavio recognizes the following companies as the key players in the global lutein market: Allied Biotech, BASF SE, Chr. Hansen Holding, Kemin Industries, and Kohlberg Kravis Roberts & Co (Nature’s Bounty).
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for organic varieties. Organic lutein should contain natural plant-based ingredients to be certified as organic. The manufacturers are developing lutein made from raw materials that are free from antibiotics, synthetic substances, hormones, and pesticides.”
According to the report, one driver in the market is health benefits of lutein. Lutein is one of the common carotenoids found in fruits and vegetables and its consumption enhances health in various ways. It is beneficial for both human and animal consumption as it contains a high amount of antioxidant properties, vitamin C, beta-carotene, and vitamin E.
Further, the report states that one challenge in the market is abundant presence of lutein in natural forms. In moderate amounts, lutein is present naturally in human eyes and skin. Thus, consumption of lutein from external sources is not necessary as the naturally-occurring amount is sufficient for the proper functioning of these body parts.
Companies Mentioned
Allied Biotech, BASF SE, Chr. Hansen Holding, Kemin Industries, and Kohlberg Kravis Roberts & Co (Nature’s Bounty).
