Global Lutein Market Is Estimated To Witness High Growth Due To Rising Popularity Of Natural Products And Increasing Change In Consumer Preferences

Lutein Market
Lutein Market

Overview:

Lutein is one of the two major carotenoids found as a color pigment in the human eye (macula and retina). It is thought to function as a light filter, protecting the eye tissues from sunlight damage. Increased lutein intake may decrease the risk of cataracts and age-related macular degeneration, a disease that leads to vision loss in older adults. It also helps reduce the symptoms of diabetic retinopathy, a disease that affects about one-third of people who have diabetes.

Recent research suggests that lutein supplements can help slow down the progression of some forms of dementia, such as Alzheimer’s and Parkinson’s disease. Moreover, researchers have also shown that dietary factors containing lutein can improve cognitive performance in elderly patients. It has been shown that lutein can improve osteoporosis by stimulating bone formation and preventing bone loss through its regulation of NF-kB. Lutein is a potent antioxidant, it can also protect against oxidative stress, which is an underlying cause of many chronic diseases.

Market Dynamics:

Rising product launches are estimated to augment growth of the global Lutein Market over the forecast period. For instance, in September 2021, OmniActive Health Technologies declared the launch of a proprietary combination of ingredients Nutritears. This product helps in addressing occasional dry eyes and it consists of curcuminoids, lutein, zeaxanthin isomers, and vitamin D3. Moreover, increasing side effects are anticipated to restrain growth of the global lutein for market over the forecast period.

Impact of COVID-19:

The pandemic was first reported in 2019 in China and later on it was transmitted to other countries. Several nations like Spain, Italy, France, India, Australis and many more imposed strict lockdowns for preventing the spread of the virus. The pandemic affected the growth of several business, many people lost their jobs and several companies switched to working remotely.

However, the pandemic also made people more conscious of their health and well-being. Many clinic were shut down during the pandemic and all doctors were deployed to attend to COVID-19 patients. This hampered the growth of the global Lutein Market. As many other treatments were post ponded during the pandemic. However, the market is estimated to witness growth as several restrictions have been eased.

Key Takeaways:

The global Lutein Market is expected to witness high growth, exhibiting CAGR of 6.3 % over the forecast period, due to increasing research and developmental activities.

For instance, Kemin Industries, launched a USDA-certified organic additive KEM GLO. Organic KEM GLO, in March, 2021. This additive helps in intensifying the color of egg yolks for organic egg producers.

North America is anticipated to witness significant growth in the global lutein for market over the forecast period, owing to growing urbanization and increasing industrialization.

Major players operating in the global Lutein Market are OmniActive Health Technologies, Kemin Industries, Inc., Allied Biotech Corporation, BASF SE, FENCHEM, Synthite Industries Ltd, LycoRed Ltd., Döhler Group, Divi's Nutraceuticals, Digestive Disease Week, Allied Biotech Corporation, NutraMarks, Inc., Vitae Caps S.A., Nature’s Bounty., PIVEG, INC., Döhler Group, Chenguang Biotech Group Co., Ltd, and KATRA GROUP.

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