Global Lutein Market 2018-2022
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 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.
Allied Biotech, BASF SE, Chr. Hansen Holding, Kemin Industries, and Kohlberg Kravis Roberts & Co (Nature’s Bounty).