The lutein market was valued at USD 249.7 Million in 2016 and is projected to reach USD 357.7 Million by 2022, growing at a CAGR of 6.3% from 2017, in terms of value. In terms of volume, the market is projected to reach 2,121.2 tons by 2022. The objectives of this study are to define, segment, and project the size of the lutein market based on form, application, source, and key regions.
- To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To analyze the competitive environment of the lutein market
- To provide the analysis of the research & development spending and funding activities in the lutein market
- To project the size of the market, in terms of value (USD million) in the key regions, namely, North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW)
- To strategically profile the key players and comprehensively analyze their core competencies
- To analyze the competitive developments expansions, acquisitions, joint ventures/partnerships/collaboration, and new product launches—in the lutein market
The years considered for the study are:
- Base year – 2016
- Estimated year – 2017
- Projected year – 2022
- Forecast period – 2017 to 2022
This report includes the estimation of the market size for value (USD million) and volume (tons). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the lutein market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research (the FAO, Bloomberg Businessweek, Factiva, and companies’ annual reports), and their market share has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Market Ecosystem
The various contributors involved in the value chain of lutein include manufacturers, suppliers, distributors, intermediaries, and customers. The key players in the lutein market include BASF (Germany), Chr. Hansen (Denmark), E.I.D. Parry (India), Kemin (US), and Zhejiang Medicine (China). Other significant players include DDW The Color House. (US), Döhler (Germany), Lycored (Israel), PIVEG (US), Allied Biotech (Taiwan), and FENCHEM (China).
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