The global lutein and zeaxanthin market is anticipated to grow a considerable CAGR during the forecast period. Key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers, and acquisitions, geographical expansions, and product innovations to remain competitive in the market. For instance, in April 2019, Dohler Group acquired the majority of shares in Zumos Catalano Aragoneses S.A (ZUCASA). Moreover, ZUCASA consists of more than 24,000 square meters over an area of 168,000 square meters owing to the capacity to store 32000 m3 of natural juices and concentrates. Thus, Dohler stated that customers will benefit from more diversity in stone fruit segments as well as in apples and pears.
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Furthermore, in June 2019, DDW Inc. acquired Du Pont’s natural color business. The CEO stated that this acquisition is expected to expand the global reach while adding technical and manufacturing abilities in several naturally sourced colors. Moreover, in June 2020, Chr. Hansen Holdings acquired UAS Laboratories LLC. The acquisition aimed to strengthen and expand Hansen’s global microbial platform and human health business. The UAS laboratories were acquired with private equity funds and other shareholders at a transaction value of $530 million. UAS lab consisted of 230 employees and anticipated generating a revenue of $85 million before synergies in 2020. Therefore, such acquisitions and product launches are fueling the growth of the global lutein and zeaxanthin market and are anticipated to grow during the forecast period.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Type
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Chr. Hansen Holdings A/S, Kemin Industries, Inc, BASF SE, and more among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Lutein and Zeaxanthin Market Report Segment
By Type
- Lutein
- Zeaxanthin
By Application
- Supplements
- Food
- Feed
- Cosmetics
- Pharmaceuticals
A full report of Lutein & Zeaxanthin Market is available at: https://www.omrglobal.com/industry-reports/lutein-and-zeaxanthin-market
Lutein & Zeaxanthin Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Allied Biotech Corp.
- BioExtract
- Cyanotech Corp.
- Carotec, INC.
- DDW, Inc.
- ExcelVite
- FMC Corp.
- Fuji Chemical Industries Co., Ltd.
- NOW Health Group, Inc.
- Sensient Technologies Corp.
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