Global Lutein Supplements Market Overview:
Lutein is the carotenoid, a type of vitamin which is widely used in anti-inflammatory properties, it has several health benefits and is good for fighting many diseases. The lutein supplements are used for treating and preventing health problems like eye, kidney, diabetes, etc. Especially the lutein is popular for improving eye and age-related macular disease which can lead to blindness and vision impairment.
Growth Drivers
- Growing Eye related Problems in Geriatric Population
- Demand for Carotenoid Vitamin Rich Supplements
Roadblocks
- Regulatory Guidelines and Standards Involved with Production and Distribution of Lutein Supplements
Opportunities
- Surging Demand Lutein Supplements from the Millennial Population in Developing Regions
Challenges
- Allergy-Related Risks Associated with Lutein Supplements to Some People
Competitive Landscape:
Some of the key players profiled in the report are Bausch + Lomb (United States), Carlson Labs (United States), BASF SE (Germany), Doctor's Best, Inc. (United States), Atacama Bio Natural Products S.A (Chile), Jarrow Formulas, Inc. (United States), Mason Natural (United States), Nature's Bounty (United States), Nordic Naturals (United States), Pure Encapsulations, Inc. (United States), Solaray Inc (United States) and Source Naturals, Inc. (United State). Considering Market by Nature, the sub-segment i.e. Organic will boost the Lutein Supplements market. Considering Market by Form, the sub-segment i.e. Powder will boost the Lutein Supplements market. Considering Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Lutein Supplements market. Considering Market by Grade, the sub-segment i.e. Food Grade will boost the Lutein Supplements market. Considering Market by Disease Indication, the sub-segment i.e. Eye Disease will boost the Lutein Supplements market.
Latest Market Insights:
On 24th November 2020, Atacama Bio and Vitamin Angels launched astaxanthin supplement in South Korea as an eye health supplement. Atacama Bio Natural Products S.A partnered with Heamin Co. Ltd to distribute health supplements.
On 31st May 2021, PharmaLinea has unveiled a line of preventative eye health supplements in consumer-friendly formats. The move comes as the pandemic has increased screen time and contributed to rising eye health-related concerns. NutritionInsight speaks with PharmaLinea experts who discuss the potential of this rising market. The entire line is based on the best available source of highly sought-after carotenoids lutein and zeaxanthin, according to Maja Orešnik, science & research director for PharmaLinea.
What Can be Explored with the Lutein Supplements Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Lutein Supplements Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Lutein Supplements
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Lutein Supplements market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Lutein Supplements market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Lutein Supplements Manufacturers, Lutein Supplements International Traders, Lutein Supplements Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.