Analysis of Lutein market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
Lutein Market Size (2022E)
US$ 330.3 Million
Forecasted Market Value (2032F)
US$ 611.2 Million
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
Key Companies Profiled
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“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.
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“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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“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.
“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.
“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.
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.
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By 2032, the global lutein market is expected to reach US$ 611.2 million.
Currently, the China lutein market is valued at US$ 21.5 million.
Demand for lutein is expected to rise at 6.3% CAGR through 2032.
The North America lutein market accounts for 31.3% global market share.
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