Lutein Market Size, Industry Analysis Report, Regional Outlook, Application Development, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024: Global Market Insights Inc. Lutein Market size was USD 135 million by 2015 and may generate significant gains up to 2024. Strong application outlook in eye health supplements may favor product demand. North America, with ophthalmic industry growth in the U.S., may witness significant gains up to 2024. Increasing health concerns mainly related with heart, bone, weight, digestive, eye and immune diseases should drive U.S. lutein market size. Rising eye health supplements demand due to increase in healthcare costs may drive industry growth. Hectic lifestyle and lack of balanced diet have resulted in increasing health issues such as stroke, obesity, diabetes and heart disease. Dietary supplements demand may generate significant growth at over 6% up to 2024. Lutein is an antioxidant carotenoid which is responsible for yellow colors of fruits and vegetables. Healthy nutritional intake may help provide good eye sight. Inadequate consumption may deplete eye sight with age. Dietary supplements include minerals, vitamin and fatty acid help consumers stay healthy and prevent from harmful diseases. Increasing health concerns due to rise in medical costs may drive product demand. APAC accounted for 32% of total market share in 2015.
Global lutein market size in human nutrition industry is set to witness gains of over 5.3% by 2024. Rising eye diseases such as cataracts, glaucoma, age related macular degeneration (AMD) and diabetic retinopathy may affect industry growth. Chronic eye disorder AMD accounted for about 54% of blindness cases in the U.S. Supplements protect from detrimental effects of computer display light exposure. Xanthophylls are oxygenated carotenoid in human food supply. Key xanthophylls include zeaxanthin and cryptoxanthin which are found in human plasma. Consumption of these products led to reduction in health concerns such as cancer, cardiovascular disease, cataract and AMD. Canthaxanthin and astaxanthin usage in aquaculture for salmonid and crustacean should drive lutein market size in food and pharmaceutical applications. According to analysis from IARC Globacan, Europe had highest cancer index over the past few years. The study accounted for more than 25% people are risk of getting cancer before age 75. Beta-carotene prevent cancer growth cell. Global pharmaceutical industry should surpass USD 1 trillion by 2024. APAC, led by India pharmaceutical production growth, may witness over USD 60 billion revenue by 2024. Increase in health diseases such as 1|Page