Lutein Market
Lutein Market By Product Form (Powder & Crystalline Lutein, Oil Suspension Lutein, Beadlet Lutein, Emulsion Lutein), By End Use (Food, Pharmaceuticals, Nutraceuticals, Dietary Supplements) & By Region - Global Market Insights 2022 to 2032
Analysis of Lutein market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Lutein Market Outlook (2022 to 2032)
Worldwide demand for lutein is expected to surge at a CAGR of 6.3% from 2022 to 2032. In 2022, the global lutein market is valued at US$ 330.3 million and is anticipated to reach US$ 611.2 million by the end of 2032.
Consumption of emulsion lutein is rising rapidly across the world attributed to improvements in the technology for microencapsulation, which aims to increase lutein's stability, solubility, and bioavailability.
| Report Attributes | Details |
|---|---|
| Lutein Market Size (2022E) | US$ 330.3 Million |
| Forecasted Market Value (2032F) | US$ 611.2 Million |
| Global Market Growth Rate (2022-2032) | 6.3% CAGR |
| North America Market Share (2022) | 31.3% |
| Europe Market Share (2022) | 25.6% |
| Key Companies Profiled | BASF SE; DSM Nutritional Products AG; Hansen Holding A/S; Jarrow Formulas, Inc.; Nature's Bounty, Inc.; Rexall Sundown, Inc.; Kemin Industries, Inc.; JF-Pharmaland Technology Development Co., Ltd.; Allied Biotech Corporation; Solaray, Inc. |
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Revenue Analysis of Lutein (2017 to 2021) Vs. Market Outlook (2022 to 2032)
“Increasing Prevalence of Cataract to Fuel Demand for Lutein Products”
According to Fact.MR, a market research and competitive intelligence provider, the lutein market is projected to rise at a CAGR of 6.3% from 2022 to 2032.
Lutein, a yellow pigment found in plants such as marigolds, is a class of carotenoids. Carotenoids are natural pigments found in several fruits and vegetables. Lutein acts as an antioxidant and is also called 'the eye vitamin'. It supports the proper functioning of the eyes and promotes healthy vision.
Lutein aids in upholding the Macular Pigment Optical Density (MPOD), which supports healthy vision. It acts as an ‘internal sunglass’ that absorbs blue light, which results in minimizing the damage to the human retina triggered by exposure to direct sunlight and several artificial light sources.
Moreover, the intake of lutein through various dietary supplements leads to the growth of MPOD in the human eyes, which also reduces the risk of Age-related Macular Degeneration (AMD).
Besides eye care, lutein can also be used for the treatment of other health issues, for instance, it is capable of preventing several types of cancer, especially breast cancer, type 2 diabetes, coronary heart disease, and skin disorders.
Growing eye-related diseases such as cataracts, glaucoma, diabetic retinopathy, and other age-related macular degeneration, which are likely to lead to vision loss, are among factors that are likely to bolster the growth of the market over the forecast period.
Global intake of nutritional & dietary supplements across the globe has been largely positive so far. Hence, the demand for lutein is expected to witness significant growth over the forecast period.
Why is the World Witnessing High Demand Growth for Lutein?
“Growing Consumer Awareness about Benefits of Lutein Intake Driving Market Expansion”
Rise in the demand for lutein as a health supplement, its increasing usage as a natural colorant in food & beverage applications, as well as its usage as an additive for animal feed are among the factors anticipated to fuel the demand for this ingredient in numerous consumer markets.
Mounting customer awareness about the benefits of lutein intake, coupled with an increase in the number of health-conscious people, has led to an increase in spending on superior lutein products, which is consequently driving the market.
The suppleness and moisture content of the skin are both preserved by lutein. It is mainly present in plants and vegetables with green, leafy foliage and has anti-inflammatory qualities. The rising incidence of health problems brought on by poor nutrition and the modern-day lifestyle of people can be attributed to the increased demand for lutein.
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How are Emerging Companies Making Progress in the Lutein Market?
“Integration of Advanced Technology for Product Enhancement Creating Opportunities for New Entrants”
Start-ups are focusing on utilizing R&D infrastructure for technological advancements in novel products. New companies are concentrating on the integration of technology for product innovation and enhancement to make a mark in the industry.
The entry of emerging players into the market will generate enormous growth in the lutein market.
- An AI-based technology start-up, Brightseed, searches plants for bioactive compounds that are good for human health. The company's 'forager ecosystem' artificial intelligence (AI) platform accelerates the discovery of plant-based ingredients with applications in the production of medications, dietary supplements, and other goods.
What is the Regional Scenario of the Lutein Market?
“Increasing Concentration of VMHS Services and Presence of Major Lutein Producers in North America & Europe”
North America leads with 31.3% share in the global lutein market, due to the rapid expansion of the ophthalmic industry. The market expansion is being driven by an increasing concentration of VMHS services, a high level of consumer knowledge about the benefits of taking health supplements to fill nutritional deficiencies, and rising disposable income.
With a 25.6% market share, Europe is expected to witness significant growth opportunities. The demand for lutein is driven by the existence of major lutein producers and the strict regulations regarding the use of synthetic compounds.
As a result, the usage of lutein for human intake has only lately begun to grow as the benefits of carotenoid consumption become better known. The expansion of the market in Europe is fueled by the rising usage of lutein in pharmaceutical drugs, livestock feed, medicine, and human food.
The market expansion in Asia Pacific is being driven by shifting consumer choices and lifestyles, product innovations, industrial expansion, low manufacturing costs, and less stringent governmental regulations.
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Which End Use Accounts for Most Consumption of Lutein?
“Growing Usage of Dietary Supplements for Good Eyesight Boosting Lutein Demand”
Based on end use, the lutein market is classified into food, pharmaceuticals, nutraceuticals, and dietary supplements.
Demand for dietary supplements is likely to experience enormous growth over the coming years. The antioxidant carotenoid lutein, which is a component of the market for carotenoids, is what gives fruits and vegetables their yellow color.
A nutritious diet may contribute to good vision. With age, poor intake could deteriorate eyesight. Mineral, vitamin, and fatty acid dietary supplements assist people to stay healthy and warding off hazardous diseases.
Competitive Landscape
The emphasis is placed on product introduction & innovation, integration, development, and collaboration of organizations as strategic tactics used by the top companies to increase their brand presence among customers.
For instance :
- Launched by Vitiva, VitaLutS is a lutein-ester made from marigold flowers. Manufacturers can produce smaller tablets and capsules because of VitaLuts' enhanced purity.
Key Segments Covered in Lutein Industry Research
-
Lutein Market by Product Form :
- Powder & Crystalline Lutein
- Oil Suspension Lutein
- Beadlet Lutein
- Emulsion Lutein
-
Lutein Market by End Use :
- Food
- Pharmaceuticals
- Nutraceuticals
- Dietary Supplements
-
Lutein Market by Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Form
- 9.1. Powder & Crystalline Lutein
- 9.2. Oil Suspension Lutein
- 9.3. Beadlet Lutein
- 9.4. Emulsion Lutein
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use
- 10.1. Food
- 10.2. Pharmaceuticals
- 10.3. Nutraceuticals
- 10.4. Dietary Supplements
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. BASF SE
- 21.2. Frontier Co-op. DSM Nutritional Products AG
- 21.3. Hansen Holding A/S
- 21.4. Jarrow Formulas, Inc.
- 21.5. Nature's Bounty, Inc.
- 21.6. Rexall Sundown, Inc.
- 21.7. Kemin Industries, Inc.
- 21.8. JF-Pharmaland Technology Development Co., Ltd.
- 21.9. Allied Biotech Corporation
- 21.10. Solaray, Inc.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
List Of Table
Table 01: Global Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Product Form
Table 02: Global Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Form
Table 03: Global Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 04: Global Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Value (US$ Mn) Analysis 2017-2021 and Forecast 2022 to 2032, By Country
Table 06: North America Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Form
Table 07: North America Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 08: Latin America Value (US$ Mn) Analysis 2017-2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Form
Table 10: Latin America Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 11: Europe Value (US$ Mn) Analysis 2017-2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Form
Table 13: Europe Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 14: South Asia Value (US$ Mn) Analysis 2017-2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Form
Table 16: South Asia Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 17: East Asia Value (US$ Mn) Analysis 2017-2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Form
Table 19: East Asia Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 20: Oceania Value (US$ Mn) Analysis 2017-2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Form
Table 22: Oceania Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 23: Middle East and Africa Value (US$ Mn) Analysis 2017-2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Product Form
Table 25: Middle East and Africa Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
List Of Figures
Figure 01: Global Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Lutein Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 04: Lutein Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 05: Global Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Share Analysis (%), By Product Form, 2022 to 2032
Figure 09: Global Y-o-Y Analysis (%), By Product Form, 2022 to 2032
Figure 10: Global Attractiveness Analysis by Product Form, 2022 to 2032
Figure 11: Global Share Analysis (%), By End Use, 2022 to 2032
Figure 12: Global Y-o-Y Analysis (%), By End Use, 2022 to 2032
Figure 13: Global Attractiveness Analysis by End Use, 2022 to 2032
Figure 14: Global Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Value Share, By Product Form, 2022 (E)
Figure 18: North America Value Share, By End Use, 2022 (E)
Figure 19: North America Value Share, By Country, 2022 (E)
Figure 20: North America Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Attractiveness Analysis by Product Form, 2022 to 2032
Figure 23: North America Attractiveness Analysis by End Use, 2022 to 2032
Figure 24: North America Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Value Share, By Product Form, 2022 (E)
Figure 26: Latin America Value Share, By End Use, 2022 (E)
Figure 27: Latin America Value Share, By Country, 2022 (E)
Figure 28: Latin America Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Attractiveness Analysis by Product Form, 2022 to 2032
Figure 31: Latin America Attractiveness Analysis by End Use, 2022 to 2032
Figure 32: Latin America Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Value Share, By Product Form, 2022 (E)
Figure 34: Europe Value Share, By End Use, 2022 (E)
Figure 35: Europe Value Share, By Country, 2022 (E)
Figure 36: Europe Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Attractiveness Analysis by Product Form, 2022 to 2032
Figure 39: Europe Attractiveness Analysis by End Use, 2022 to 2032
Figure 40: Europe Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Value Share, By Product Form, 2022 (E)
Figure 42: South Asia Value Share, By End Use, 2022 (E)
Figure 43: South Asia Value Share, By Country, 2022 (E)
Figure 44: South Asia Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Attractiveness Analysis by Product Form, 2022 to 2032
Figure 47: South Asia Attractiveness Analysis by End Use, 2022 to 2032
Figure 48: South Asia Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Value Share, By Product Form, 2022 (E)
Figure 50: East Asia Value Share, By End Use, 2022 (E)
Figure 51: East Asia Value Share, By Country, 2022 (E)
Figure 52: East Asia Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Attractiveness Analysis by Product Form, 2022 to 2032
Figure 55: East Asia Attractiveness Analysis by End Use, 2022 to 2032
Figure 56: East Asia Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Value Share, By Product Form, 2022 (E)
Figure 58: Oceania Value Share, By End Use, 2022 (E)
Figure 59: Oceania Value Share, By Country, 2022 (E)
Figure 60: Oceania Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Attractiveness Analysis by Product Form, 2022 to 2032
Figure 63: Oceania Attractiveness Analysis by End Use, 2022 to 2032
Figure 64: Oceania Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Value Share, By Product Form, 2022 (E)
Figure 66: Middle East and Africa Value Share, By End Use, 2022 (E)
Figure 67: Middle East and Africa Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Attractiveness Analysis by Product Form, 2022 to 2032
Figure 71: Middle East and Africa Attractiveness Analysis by End Use, 2022 to 2032
Figure 72: Middle East and Africa Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Value Analysis (US$ Mn), 2022 to 2032
Figure 74: U. S. Value Share, By Product Form, 2022 (E)
Figure 75: U. S. Value Share, By End Use, 2022 (E)
Figure 76: Canada Value Analysis (US$ Mn), 2022 to 2032
Figure 77: Canada Value Share, By Product Form, 2022 (E)
Figure 78: Canada Value Share, By End Use, 2022 (E)
Figure 79: Mexico Value Analysis (US$ Mn), 2022 to 2032
Figure 80: Mexico Value Share, By Product Form, 2022 (E)
Figure 81: Mexico Value Share, By End Use, 2022 (E)
Figure 82: Brazil Value Analysis (US$ Mn), 2022 to 2032
Figure 83: Brazil Value Share, By Product Form, 2022 (E)
Figure 84: Brazil Value Share, By End Use, 2022 (E)
Figure 85: U. K. Value Analysis (US$ Mn), 2022 to 2032
Figure 86: U. K. Value Share, By Product Form, 2022 (E)
Figure 87: U. K. Value Share, By End Use, 2022 (E)
Figure 88: Germany Value Analysis (US$ Mn), 2022 to 2032
Figure 89: Germany Value Share, By Product Form, 2022 (E)
Figure 90: Germany Value Share, By End Use, 2022 (E)
Figure 91: France Value Analysis (US$ Mn), 2022 to 2032
Figure 92: France Value Share, By Product Form, 2022 (E)
Figure 93: France Value Share, By End Use, 2022 (E)
Figure 94: Italy Value Analysis (US$ Mn), 2022 to 2032
Figure 95: Italy Value Share, By Product Form, 2022 (E)
Figure 96: Italy Value Share, By End Use, 2022 (E)
Figure 97: Spain Value Analysis (US$ Mn), 2022 to 2032
Figure 98: Spain Value Share, By Product Form, 2022 (E)
Figure 99: Spain Value Share, By End Use, 2022 (E)
Figure 100: Russia Value Analysis (US$ Mn), 2022 to 2032
Figure 101: Russia Value Share, By Product Form, 2022 (E)
Figure 102: Russia Value Share, By End Use, 2022 (E)
Figure 103: China Value Analysis (US$ Mn), 2022 to 2032
Figure 104: China Value Share, By Product Form, 2022 (E)
Figure 105: China Value Share, By End Use, 2022 (E)
Figure 106: Japan Value Analysis (US$ Mn), 2022 to 2032
Figure 107: Japan Value Share, By Product Form, 2022 (E)
Figure 108: Japan Value Share, By End Use, 2022 (E)
Figure 109: South Korea Value Analysis (US$ Mn), 2022 to 2032
Figure 110: South Korea Value Share, By Product Form, 2022 (E)
Figure 111: South Korea Value Share, By End Use, 2022 (E)
Figure 112: India Value Analysis (US$ Mn), 2022 to 2032
Figure 113: India Value Share, By Product Form, 2022 (E)
Figure 114: India Value Share, By End Use, 2022 (E)
Figure 115: ASEAN Value Analysis (US$ Mn), 2022 to 2032
Figure 116: ASEAN Value Share, By Product Form, 2022 (E)
Figure 117: ASEAN Value Share, By End Use, 2022 (E)
Figure 118: Australia Value Analysis (US$ Mn), 2022 to 2032
Figure 119: Australia Value Share, By Product Form, 2022 (E)
Figure 120: Australia Value Share, By End Use, 2022 (E)
Figure 121: New Zealand Value Analysis (US$ Mn), 2022 to 2032
Figure 122: New Zealand Value Share, By Product Form, 2022 (E)
Figure 123: New Zealand Value Share, By End Use, 2022 (E)
Figure 124: GCC Countries Value Analysis (US$ Mn), 2022 to 2032
Figure 125: GCC Countries Value Share, By Product Form, 2022 (E)
Figure 126: GCC Countries Value Share, By End Use, 2022 (E)
Figure 127: Turkey Value Analysis (US$ Mn), 2022 to 2032
Figure 128: Turkey Value Share, By Product Form, 2022 (E)
Figure 129: Turkey Value Share, By End Use, 2022 (E)
Figure 130: South Africa Value Analysis (US$ Mn), 2022 to 2032
Figure 131: South Africa Value Share, By Product Form, 2022 (E)
Figure 132: South Africa Value Share, By End Use, 2022 (E)
- FAQs -
What valuation is the lutein market expected to reach?
By 2032, the global lutein market is expected to reach US$ 611.2 million.
What is the lutein market value in China?
Currently, the China lutein market is valued at US$ 21.5 million.
What is the projected growth rate for the lutein market?
Demand for lutein is expected to rise at 6.3% CAGR through 2032.
What is the lutein market share of North America?
The North America lutein market accounts for 31.3% global market share.
Lutein Market