The Lutein Market size was USD 352.2 Million in 2022 and is expected to Reach USD 540.5 million by 2030 and grow at a CAGR of 5.5 % over the forecast period of 2023-2030.
Lutein is a carotenoid, which is a type of pigment that gives plants their vibrant colors. Lutein is abundant in the macula, a small area of the retina at the back of the eye. the demand for lutein is increasing in dietary supplements especially for eye care. Also, we can intake lutein naturally by regular consumption of variety of fruits and vegetables.
Based on application, the lutein market is segmented into dietary supplements, Functional Foods food & beverage, pharmaceuticals, animal feed, and others based on applications. The segment of dietary supplements is anticipated to observe gains at nearly 5.5% up to 2030 during the forecast period as a result of rising demand and numerous benefits for healthy growth.
KEY DRIVERS
Potential health benefits of lutein
Lutein is a carotenoid that is essential for eye health. It has also been shown to have a number of other health benefits, including reducing the risk of age-related macular degeneration, cataracts, and heart disease. As consumers become more aware of the health benefits of lutein, demand for lutein supplements and food products fortified with lutein is expected to increase.
The increasing consumption of health and Nutritional foods
RESTRAIN
Side effects of high doses and prolonged consumption of lutein
Consumers are becoming more knowledgeable of the possible dangers of consuming large quantities of lutein supplements. This is because there is an expanding corpus of research on the subject and because some of the adverse effects that have been recorded have received media attention. High dosages of lutein have specific negative effects, including crystal formation in the eyes and carotenodermia. Additionally, supplements containing lutein may interact with some medicines, including blood thinners and cholesterol-lowering medications. This might make certain drugs more likely to have unwanted side effects.
OPPORTUNITY
Huge Consumption of Dietary Supplements
Due to its high concentration of minerals, vitamins, and fatty acids, dietary supplements accounted for the largest portion of the lutein market. Consumers can maintain their health and safeguard themselves against dangerous diseases. One of the main factors influencing the market is the rising occurrences of vision impairment and the myopic population, which are caused by an increase in screen usage and participation in virtual meetings while working from home. The industry is also being driven by an increase in older people's and millennials' interest for eye health supplements, who are particularly vulnerable to digital eye strain and myopia.
CHALLENGES
Concerns about lutein's stability
Climate and environmental factors can impact lutein's natural properties. Therefore, when food and beverage products containing these colorants are cooked and processed at high temperatures, changes in odor, taste, or texture may take place. Lutein also has a short shelf life. It tends to change both its internal fragrance and color when kept in storage for an extended period of time or when exposed to sunlight, moisture, and high temperatures. Food items may become unpleasant as a result of lutein's natural color fading over time and other natural qualities changing. Color and visual appeal of food goods are crucial customer purchasing factors. As a result, modifications to a food product's inherent qualities can seriously impede the expansion of the world lutein market.
Government regulations
Russia Ukraine war has significantly impacted the lutein market. As a result of the war, medical facilities have been destroyed, and there have been several casualties. The general populace, children, and others have not received the necessary nutrition for their bodies. Ukraine is a big producer of sunflower oil, which is used to make lutein supplements. The war has affected Ukrainian sunflower oil production and export, causing shortages and higher costs in the worldwide lutein market. Since the beginning of the war, the price of lutein has risen by an average of 15%. The quantity of lutein has been estimated to have fallen by 10%.
Recession has a significant impact on lutein market. As the general population grows, particularly as a result of the Russia-Ukraine conflict casualties, there is an increase in demand for lutein dietary supplements. However, as the price of sunflower and other materials used in supplements has risen, so have the prices of supplements. As a result, demand for lutein supplements has decreased by 5% on average, and the worldwide lutein market is predicted to shrink by 3% in 2023 as a result of the recession.
By Form
Powder Lutein
Beadlet Lutein
Emulsion Lutein
Oil Suspension Lutein
By Source
Natural
Synthetic
By Application
Dietary Supplements
Functional Foods
Pharmaceuticals
Animal Feed
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During the forecasted period, Europe is dominate the market by contributing of 36.4% to the growth in world. The region benefits from thriving end-user businesses such as pharmaceutical, food and beverage and animal feed, these all generate significant demand. Furthermore, the presence of a big consumer base and multiple manufacturers contribute to market growth. The region's increased use of lutein in supplements, food, and eye health products is being driven by the region's aging population and rising incidence of eye-related health disorders.
The Asia-Pacific is the fastest-growing regional market for lutein, owing to the presence of pharmaceutical companies in the region and subsequent growth in the consumer markets of India, China, and Japan. These countries represent for approximately 61% of the lutein market. Some of the drivers boost the lutein market in India are increased awareness of the benefits of lutein, an increase in the health-conscious population, higher disposable income, and an increase in the middle-class population. The Asia-Pacific region has the most drug supply and the largest pharmaceutical sector, with ample raw materials widely accessible to lutein producers, boosting market expansion.
The North American market is expected to grow at the high CAGR. The U.S has the market share of USD 85 million in 2022. The growth is due to the health benefits of lutein and an increase in the demand for organic and plant-based ingredients in the food & beverage, and Nutraceuticals industries. The growing trends of clean labeling and natural products are also driving consumer demand for lutein in North America.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Lutein Market are BASF SE, Koninklijke DSM NV, Kemin Industries Inc., Chr. Hansen Holding AS, Allied Biotech Corporation, Chenguang Biotech Group Co., Ltd, FMC Corporation, OmniActive Health Technologies, KATRA GROUP, Synthite Industries Ltd, Nature’s Bounty., Döhler Group, E.I.D. - Parry (India) Limited, and other key players.
In 2022, Cohort found that Lutein and zeaxanthin are more effective in reducing the frequently fatal effects of age-related macular degeneration (AMD) than omega-3 fatty acids or beta-carotene.
In 2021, Ashland introduced a soy-free GPM lutein that includes novel eye health components to relieve eye strain caused by excessive screen time. Additionally, N-dur xr caffeine and melatonin for powdered drink items were introduced.
In 2021, OmniActive Health Technologies has launched Integrative Actives, a technology that enables the delivery of several actives in concentrated lower doses. OmniActive's Integrative Actives platform was used to generate the first product, Nutritears. It had a clinically proven blend of chemicals, including curcuminoids, lutein and zeaxanthin isomers, and vitamin D3.
| Report Attributes | Details |
| Market Size in 2022 | US$ 352.2 Billion |
| Market Size by 2030 | US$ 540.5 Billion |
| CAGR | CAGR of 5.5 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Form (Powder Lutein, Beadlet Lutein, Emulsion Lutein, Oil Suspension Lutein) • By Source (Natural, Synthetic) • By Application (Dietary Supplements, Functional Foods, Pharmaceuticals, Animal Feed) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | BASF SE, Koninklijke DSM NV, Kemin Industries Inc., Chr. Hansen Holding AS, Allied Biotech Corporation, Chenguang Biotech Group Co., Ltd, FMC Corporation, OmniActive Health Technologies, KATRA GROUP, Synthite Industries Ltd, Nature’s Bounty., Döhler Group, E.I.D. - Parry (India) Limited |
| Key Drivers | • Potential health benefits of lutein • The increasing consumption of health and Nutritional foods |
| Market Restrain | • Side effects of high doses and prolonged consumption of lutein |
Ans: Lutein Market is anticipated to expand by 5.5 % from 2023 to 2030.
Ans: Drivers are the potential health benefits of lutein and the increasing consumption of health and Nutritional foods.
Ans: USD 540.5 billion is expected to grow by 2030.
Ans: Challenges are side effects of high doses and prolonged consumption of lutein.
Ans: Europe is the dominating region for lutein market in 2022
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on Major Economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Lutein Market Segmentation, By Form
8.1 Powder Lutein
8.2 Beadlet Lutein
8.3 Emulsion Lutein
8.4 Oil Suspension Lutein
9. Lutein Market Segmentation, By Source
9.1 Natural
9.2 Synthetic
10. Lutein Market Segmentation, By Application
10.1 Dietary Supplements
10.2 Functional Foods
10.3 Pharmaceuticals
10.4 Animal Feed
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Lutein Market by Country
11.2.2 North America Lutein Market by Form
11.2.3 North America Lutein Market by Source
11.2.4 North America Lutein Market by Application
11.2.5 USA
11.2.5.1 USA Lutein Market by Form
11.2.5.2 USA Lutein Market by Source
11.2.5.3 USA Lutein Market by Application
11.2.6 Canada
11.2.6.1 Canada Lutein Market by Form
11.2.6.2 Canada Lutein Market by Source
11.2.6.3 Canada Lutein Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Lutein Market by Form
11.2.7.2 Mexico Lutein Market by Source
11.2.7.3 Mexico Lutein Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Lutein Market by Country
11.3.1.2 Eastern Europe Lutein Market by Form
11.3.1.3 Eastern Europe Lutein Market by Source
11.3.1.4 Eastern Europe Lutein Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Lutein Market by Form
11.3.1.5.2 Poland Lutein Market by Source
11.3.1.5.3 Poland Lutein Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Lutein Market by Form
11.3.1.6.2 Romania Lutein Market by Source
11.3.1.6.4 Romania Lutein Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Lutein Market by Form
11.3.1.7.2 Turkey Lutein Market by Source
11.3.1.7.3 Turkey Lutein Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Lutein Market by Form
11.3.1.8.2 Rest of Eastern Europe Lutein Market by Source
11.3.1.8.3 Rest of Eastern Europe Lutein Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Lutein Market by Form
11.3.2.2 Western Europe Lutein Market by Source
11.3.2.3 Western Europe Lutein Market by Application
11.3.2.4 Germany
11.3.2.4.1 Germany Lutein Market by Form
11.3.2.4.2 Germany Lutein Market by Source
11.3.2.4.3 Germany Lutein Market by Application
11.3.2.5 France
11.3.2.5.1 France Lutein Market by Form
11.3.2.5.2 France Lutein Market by Source
11.3.2.5.3 France Lutein Market by Application
11.3.2.6 UK
11.3.2.6.1 UK Lutein Market by Form
11.3.2.6.2 UK Lutein Market by Source
11.3.2.6.3 UK Lutein Market by Application
11.3.2.7 Italy
11.3.2.7.1 Italy Lutein Market by Form
11.3.2.7.2 Italy Lutein Market by Source
11.3.2.7.3 Italy Lutein Market by Application
11.3.2.8 Spain
11.3.2.8.1 Spain Lutein Market by Form
11.3.2.8.2 Spain Lutein Market by Source
11.3.2.8.3 Spain Lutein Market by Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Lutein Market by Form
11.3.2.9.2 Netherlands Lutein Market by Source
11.3.2.9.3 Netherlands Lutein Market by Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Lutein Market by Form
11.3.2.10.2 Switzerland Lutein Market by Source
11.3.2.10.3 Switzerland Lutein Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Lutein Market by Form
11.3.2.11.3 Austria Lutein Market by Source
11.3.2.11.4 Austria Lutein Market by Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Lutein Market by Form
11.3.2.12.2 Rest of Western Europe Lutein Market by Source
11.3.2.12.3 Rest of Western Europe Lutein Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Lutein Market by Country
11.4.2 Asia-Pacific Lutein Market by Form
11.4.3 Asia-Pacific Lutein Market by Source
11.4.4 Asia-Pacific Lutein Market by Application
11.4.5 China
11.4.5.1 China Lutein Market by Form
11.4.5.2 China Lutein Market by Application
11.4.5.3 China Lutein Market by Source
11.4.6 India
11.4.6.1 India Lutein Market by Form
11.4.6.2 India Lutein Market by Source
11.4.6.3 India Lutein Market by Application
11.4.7 Japan
11.4.7.1 Japan Lutein Market by Form
11.4.7.2 Japan Lutein Market by Source
11.4.7.3 Japan Lutein Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Lutein Market by Form
11.4.8.2 South Korea Lutein Market by Source
11.4.8.3 South Korea Lutein Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Lutein Market by Form
11.4.9.2 Vietnam Lutein Market by Source
11.4.9.3 Vietnam Lutein Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Lutein Market by Form
11.4.10.2 Singapore Lutein Market by Source
11.4.10.3 Singapore Lutein Market by Application
11.4.11 Australia
11.4.11.1 Australia Lutein Market by Form
11.4.11.2 Australia Lutein Market by Source
11.4.11.3 Australia Lutein Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Lutein Market by Form
11.4.12.2 Rest of Asia-Pacific Lutein Market by Source
11.4.12.3 Rest of Asia-Pacific Lutein Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Lutein Market by Country
11.5.1.2 Middle East Lutein Market by Form
11.5.1.3 Middle East Lutein Market by Source
11.5.1.4 Middle East Lutein Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Lutein Market by Form
11.5.1.5.2 UAE Lutein Market by Source
11.5.1.5.3 UAE Lutein Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Lutein Market by Form
11.5.1.6.2 Egypt Lutein Market by Source
11.5.1.6.3 Egypt Lutein Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Lutein Market by Form
11.5.1.7.2 Saudi Arabia Lutein Market by Source
11.5.1.7.3 Saudi Arabia Lutein Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Lutein Market by Form
11.5.1.8.2 Qatar Lutein Market by Source
11.5.1.8.3 Qatar Lutein Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Lutein Market by Form
11.5.1.9.2 Rest of Middle East Lutein Market by Source
11.5.1.9.3 Rest of Middle East Lutein Market by Application
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Lutein Market by Form
11.5.2.3 Africa Lutein Market by Source
11.5.2.4 Africa Lutein Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Lutein Market by Form
11.5.2.5.2 Nigeria Lutein Market by Source
11.5.2.5.3 Nigeria Lutein Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Lutein Market by Form
11.5.2.6.2 South Africa Lutein Market by Source
11.5.2.6.3 South Africa Lutein Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Lutein Market by Form
11.5.2.7.2 Rest of Africa Lutein Market by Source
11.5.2.7.3 Rest of Africa Lutein Market by Application
11.6 Latin America
11.6.1 Latin America Lutein Market by Country
11.6.2 Latin America Lutein Market by Form
11.6.3 Latin America Lutein Market by Source
11.6.4 Latin America Lutein Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Lutein Market by Form
11.6.5.2 Brazil Lutein Market by Source
11.6.5.3 Brazil Lutein Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Lutein Market by Form
11.6.6.2 Argentina Lutein Market by Source
11.6.6.3 Argentina Lutein Market by Application
11.6.7 Colombia
11.6.7.1 Colombia Lutein Market by Form
11.6.7.2 Colombia Lutein Market by Source
11.6.7.3 Colombia Lutein Market by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Lutein Market by Form
11.6.8.2 Rest of Latin America Lutein Market by Source
11.6.8.3 Rest of Latin America Lutein Market by Application
12.Company profile
12.1 BASF SE
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Kemin Industries Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Koninklijke DSM NV
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Allied Biotech Corporation
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Chr. Hansen Holding AS
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Chenguang Biotech Group Co., Ltd
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 OmniActive Health Technologies
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 FMC Corporation
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 KATRA GROUP
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Synthite Industries Ltd
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Nature’s Bounty
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Döhler Group, E.I.D. - Parry (India) Limited
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Product/Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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