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The lutein market size is forecast to increase by USD 126.8 billion at a CAGR of 5.98% between 2023 and 2028. The market is experiencing significant growth due to various driving factors. One key trend is the increasing demand for natural colorants and animal feed additives, as lutein is an effective solution for these applications. Additionally, the myopic population and those at risk of vision impairment, including an aging population, are driving spending on lutein-based dietary supplements. The National Eye Institute reports that blindness due to age-related macular degeneration affects over 2 million Americans, making this a significant market opportunity. Ophthalmologists often recommend lutein supplements to prevent and treat eye conditions. However, stability concerns regarding lutein may pose a challenge to market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Source
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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