Lutein
Extract Market: Introduction:
Lutein
is a carotenoid known as xanthophyll. The lutein extract is a yellow
colored output obtained from different plant sources like the
marigold flower, yellow carrot, spinach, and kale. Lutein is a great
source of anti-oxidant for animals. The lutein extract is used in a
lot of end-use industries consisting of food and beverage to personal
care. The versatile use of the lutein extracts makes it a highly
demanded extract in the global market. The rise of natural food color
and alternative medicine market is anticipated to boost the present
market for lutein by many folds in the coming year. The manufacturers
can also take a benefit of the new application of the lutein extract
which is recently discovered.
Lutein
Extract Market: Segmentations:
The
lutein
extract market
can be segmented on the basis of the origin of product, form, and
end-user.
On
the basis of the origin of the product, the lutein extract market can
be segmented into organic and conventional. The organic lutein
extract is obtained from plant sources grown under strict organic
farming conditions. This type of lutein extract carries more value
than conventional. The conventional lutein extract is obtained from
non-organically farmed plant sources.
Based
on the form the lutein extract can be segmented into tablets,
powders, capsules, and liquid. The tablets and capsule forms are used
in pharmaceutical industries. The powder form is used as coloring
agent in food and beverage and essential antioxidant source in
personal care. And the liquid form can be used in all the sectors.
The
lutein market can be segmented, based on the end-user like food and
beverage, pharmaceutical, personal care, and animal feed and pet
food. In food and beverage industry the lutein is used widely as a
natural coloring agent and as a dietary supplement. The
pharmaceutical industry uses the lutein extract to treat
vision-related diseases of eyes like cataracts and light sensitivity.
The personal care industry uses the lutein extract for protecting the
skin from high-intensity light damages like skin aging and cancers.
In animal feed and pet food, the lutein extract is used as pigment
and nutrition. The color of the lutein gives the egg yolk a deep
yellow color.
Lutein
Extract Market: Region-wise Outlook:
A
lutein extract is a great form of alternative medicine and natural
color. This both markets are seen to have dynamic growth in North
America and Europe hence, these regions are expected to show high
demand for the lutein extract in near future. Asia-Pacific can be
seen in the third place on the basis of the growth of lutein extract
market.
Lutein
Extract Market: Drivers and Restraints:
The
versatile application of lutein is the main driver for its market.
The lutein extract is widely used in the food and beverage,
Pharmaceutical and animal feed and pet food industries. The lutein
can be grown easily from organic source and hence, is anticipated to
get a boost of the organic trend which is currently on the rise.
Recent development in the bioprocess techniques has introduced
process based on micro-organism based extraction. This is cheaper and
purer form of lutein extraction and hence, will help the
manufacturers to gain more profit.
The
use of alternative source for carotenoid can reduce the use of lutein
as natural food color the food and beverage industries. This can act
as restrain in the future.
Lutein
Extract Market: Key Players:
The
key global players in the lutein extract market are Vitae Naturals,
Robinson Pharma, Inc., Parchem Fine & Specialty Chemicals,
Allied Biotech Corp., Pangaea Sciences, Synthite Industries Ltd.,
Rung International, Koninklijke DSM N.V., and Extrasynthese. The
companies are expected to expand their business by enhancing their
product portfolio in global lutein extract market. The companies are
projected to frame certain strategies in future in order to gain the
competitive advantage in global lutein extract market till 2025.
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