Pune, India -- (SBWIRE) -- 02/05/2019 -- Market Overview:
The report on "Global Lutein Market" is based on the type, technology, application, and end-user segments, as well as the key geographies, for the forecast period from 2019–2024. The report further focuses on the major market dynamic factors contributing to the growth of the Lutein market and Lutein market challenges faced by the market competitors. Furthermore, the Lutein market provides the market size and forecast for the global Lutein market. Additionally, the report also studies the competitive scenario and the leading competitors and their strategies. The competitive scenario segment focuses on the recent developments in the market.
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Furthermore, the strengths and weaknesses that constitute a major contribution towards strengthening the leading competitors of the Lutein market are mentioned in this report. This research is carried out by means of a number of techniques, methodologies, and usage of huge resources, which implies a positive outcome for the readers to make more informed decisions in the near future.
Lutein, a member of the carotenoid group, is a yellow pigment that exists in higher plants and other photoautotrophic organisms like algae. Lutein is used as a feed additive to brighten the colors of poultry feathers and deepen the yellow of egg yolk. Lutein is also used to add flavor and color to foods. Additionally, lutein, an effective functional nutrient, can benefit human health by, say, ameliorating cardiovascular diseases and age-related macular degeneration (AMD).
Kemin is the dominate producer of Lutein, the sales volume was 12755 KG in 2016, accounting for about 16.25% of the total amount, followed by BASF, with the sales market share of 10.36%. Leading players in USA Lutein industry are Kemin, BASF and Omniactive. The top three companies occupied about 34.73% share of the USA market in 2016.
Dietary supplement accounted for the largest market with about 44.48% share of the USA market in 2016. Moreover, it is anticipated to grow at a CAGR of 4.51% from 2017 to 2022. In additional, Lutein also can be widely used in pharmaceuticals and food additives.
According to this study, over the next five years the Lutein market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular,
Segmentation by product type:
Segmentation by application:
The key manufacturers covered in this report:
Kemin, BASF, Omniactive, DDW, FMC BioPolymer, PIVEG, IOSA, Allied Biotech Corporation, Chr Hansen, LycoRed, Vitae Naturals, Divis Nutraceuticals, Katra Phyto, Chenguang Biotech Group, Fenchem, Tian Yin Biotechnology, Lvchuan
Market Segment by Regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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This study has been collated using primary and secondary research methodologies that are meant to provide the users with a detailed view of the major aspects of the Lutein market. The report also takes into consideration the different strategies, emerging technologies, collaborations, product launches, and mergers & acquisitions, in order to carry out a detailed analysis of the Lutein market.
One of the most essential features of this report is the inclusion of the SWOT analysis of key companies. The SWOT analysis is helpful in giving information about threats and opportunities and weaknesses and strengths, which are faced by companies operating in the global Lutein market.
Researchers have comprised a detailed assessment of the competitive landscape prevalent in the market for Global Lutein market professional survey report 2019, coupled with the profile reviews of the leading companies in a bid to provide the readers an exhaustive overview of this market.
Key questions answered in this research report:
At what pace is the Lutein market growing, globally and regionally? What will be the growth trends over the coming years?
What are the key growth factors and limitations in the parent market? How will the drivers and restraints impact the growth of the market in the future?
What are the geographical revenue and forecast analysis? Which are the major geographical revenue pockets for growth in the global Lutein market?
What are the various end-user and application areas and how are they expected to grow?
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