1. An image processing apparatus comprising: an image reading section that obtains a captured image; a high luminance point detecting section that detects a high luminance point having a luminance value equal to or higher than a predetermined value in the captured image; a chroma extracting section that (1) sets a first area in the captured image with the high luminance point serving as a reference point and extracts a first chroma representing a chroma of an area near the high luminance point by using color information of the first area, (2) sets a second area at a position farther apart from the high luminance point than the first area in the captured image, the second area having luminance points with a luminance value less than the predetermined value in the captured image and (3) extracts a second chroma representing a chroma of an area farther apart from the high luminance point than the first area by using color information of the second area; and a color bleeding estimating section that estimates intensity of color bleeding appearing in the captured image based on a value of the first chroma relative to the second chroma.