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Global Lutein Market is segmented by application (food & beverage, dietary supplements, pharmaceuticals, animal feed and others) and by geography.
Fastest Growing Market:
The global lutein market is growing at a CAGR of 5.4% during the forecast period (2019-2024).
The global lutein market has been segmented by application which includes food & beverage, dietary supplements, pharmaceuticals, animal feed, and others). By geography, the market is segmented into North America, Europe, Asia-Pacific and the Rest of the world.
|Food & Beverage|
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The demand for the use of antioxidants is increasing in recent years owing to the effect of lutein as an antioxidant in bakery products that have found to be effective in enhancing the shelf life of the baked goods. Although, natural antioxidants are found to be effective in enhancing the shelf life of bakery products but still could not reach the extent of synthetic antioxidants. Also, with the increasing internet penetration, the online market for the purchase of dietary supplements has seen rapid growth globally in the last 3-4 years. This category has attracted a few vertical specialists like Amazon, Walmart, Carrefour, etc. who are riding on increasing e-retailing growth and vying for a significant pie in online supplements space.
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Asia-Pacific is expected to be the fastest growing lutein market during the forecast period, owing to the economic growth, which has led to an increase in urbanization and rapid industrialization and subsequent growth in the consumer markets of nations like China, India, etc. North America is also expected to witness relatively high growth in the global lutein market, owing to ophthalmic industry growth in the region, especially the United States.
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The global market for the lutein market is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. The key players involved in the lutein market are Kemin Industries, Inc., BASF SE, Chr. Hansen Holding A/S, Allied Biotech Corporation and OmniActive Health Technologies.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Application
5.1.1 Food & Beverage
5.1.2 Dietary supplements
5.1.4 Animal feed
5.2.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.2.3 Asia Pacific
220.127.116.11 Rest of Asia-Pacific
5.2.4 Rest of the World
18.104.22.168 South America
22.214.171.124 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Kemin Industries, Inc.
6.4.2 BASF SE
6.4.3 Chr. Hansen Holding A/S
6.4.4 Allied Biotech Corporation
6.4.5 OmniActive Health Technologies
6.4.6 PIVEG, Inc.
6.4.7 Industrial Organica S.A. de C.V.
6.4.8 Lycored Corp.
6.4.9 Divi's Laboratories Ltd.
6.4.10 Katra Phytochem Pvt ltd.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS