Lutein Market by Form (Powder & Crystalline, Oil Suspension, Beadlet, Emulsion), Source (Natural, Synthetic), Application (Food, Beverages, Dietary Supplements, Animal Feed), Production Process, and Region - Global Forecast to 2022

  • ID: 4437244
  • Report
  • Region: Global
  • 126 Pages
  • Markets and Markets
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Lutein Market worth 357.7 Million USD by 2022

FEATURED COMPANIES

  • Allied Biotech
  • Chr. Hansen
  • Döhler
  • Fenchem
  • Lycored
  • Synthite Industries
  • MORE

“Lutein market projected to grow at a CAGR of 6.3%.”

The lutein market is estimated to reach USD 263.8 million by 2017. It is projected to reach USD 357.7 million by 2022, growing at a CAGR of 6.3% from 2017, in terms of value. The growing number of studies on lutein sources are expected to drive the demand for this ingredient in various consumer markets. Lutein plays a vital role in preventing age-related macular degeneration (AMD) disease. The lutein market, over the past few years, has been largely driven by the growing demand for lutein for eye health supplements. The high demand for lutein can be attributed to its ability to treat age-related eye disorders such as cataracts and macular degeneration.

The aging population and heightened interest in preventive health have led to increased sales of vitamins, minerals, and nutritional & herbal supplements. However, currently, manufacturers are more inclined to invest in other end-use applications; the market for food and beverages segment is gaining popularity for lutein application. However, harmful effects of high doses of lutein and lack of R&D activities in African and Middle Eastern countries restraint the lutein market.

“The dietary supplements segment is projected to dominate the lutein market through 2022.”

In 2016, the dietary supplements segment accounted for the largest share, by application, in the lutein market in terms of value and volume. Dietary supplements is an important segment of the lutein market as it reduces the risk of age-related macular diseases (AMD) and cataract as well as the progression of the disease. The growth in the segment can be attributed to the growing consumption of eye dietary supplements with the growing awareness about the beneficial effects of nutraceutical lutein.

“Asia Pacific is projected to be the largest region in the lutein market in 2022.”

The Asia Pacific region is projected to be the fastest-growing market for lutein, owing to the overall economic growth which has led to an increase in urbanization and rapid industrialization and subsequent growth in the consumer markets of China, India, Australia, and Japan. In this region, countries such as India, China, and Japan account for a major share of more than 60% of the Asia Pacific lutein market. India is one of the fastest growing markets for lutein in the Asia Pacific region. The changing lifestyle and preferences, increasing awareness regarding the benefits of lutein, the growth of the health-conscious population, higher disposable income, and growth of the middle-class population are some of the factors driving the lutein market in India.

Break-up of Primaries:

  • By Company Type: Tier 1 - 34%, Tier 2 - 46%, and Tier 3 - 20%
  • By Designation: C - Level Executives- 35%, Directors -55%, and Others* - 10%
  • By Region: North America - 35%, Europe - 28%, Asia Pacific - 20%, South America-12% RoW** - 5%.

*Others include sales managers, marketing managers, and product managers.
**RoW includes Africa and the Middle East.

The leading players in the lutein market are BASF (Germany), Chr. Hansen (Denmark), E.I.D. Parry (India), Kemin (US), and OmniActive (India). Other significant players include DDW The Color House (US), Döhler (Germany), Lycored (Israel), PIVEG (US), Allied Biotech (Taiwan), and FENCHEM (China).

Research Coverage:

The lutein market is segmented on the basis of form, application, source, production process, and key regions. On the basis of form, the lutein market is segmented into powder & crystalline, beadlet, oil suspension, and emulsion. On the basis of application, the market is segmented into food, beverages, dietary supplements, animal feed, others (pharmaceuticals and personal care products). The food segment is further sub-segmented into bakery and confectionery products, infant formula & formulated supplementary food products, dairy products, and others (soups & soup mixes, sauces, jams, and salad dressings). The beverages segment is further sub-segmented into aerated & carbonated drinks, RTD beverages, sports and energy drinks, juice concentrates and fruit juices, and others (squashes, syrups, smoothies, shakes, and bottled water).

On the basis of source, the market is segmented into natural and synthetic. The production process segment comprises chemical synthesis, extraction from botanical materials, fermentation, and algae route. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW). The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive leadership mapping, recent developments, and key market strategies.

Key Benefits of Buying the Report:

  • To get a comprehensive overview of the lutein market with specific reference to the application markets
  • To gain a wide range of information about the top players in this industry, their product portfolios, and key strategies adopted by them
  • To gain insights of the major regions/countries in which the lutein industry is flourishing
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FEATURED COMPANIES

  • Allied Biotech
  • Chr. Hansen
  • Döhler
  • Fenchem
  • Lycored
  • Synthite Industries
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Years Considered
1.5 Currency Considered
1.6 Unit Considered
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation
2.3.1 Assumptions
2.3.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Lutein Market
4.2 Market for Lutein, By Form & Region
4.3 Lutein Market in Asia Pacific, By Form & Country
4.4 Lutein Market: Major Countries
4.5 European Market for Lutein, By Form

5 Market Overview
5.1 Introduction
5.2 Macro-Economic Factors
5.2.1 Rise in Population
5.2.1.1 Rise in Middle-Class Population
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increase in Scope of Application
5.3.1.2 Preventive Healthcare and Nutraceuticals
5.3.1.3 Rise in Demand for Natural Colorants
5.3.1.4 Growth in Pork, Poultry, and Aquaculture Industries
5.3.2 Restraints
5.3.2.1 Harmful Effects of High Doses of Lutein
5.3.2.2 Stringent Regulatory and Approval Norms
5.3.2.3 Lack of R&D Activities in African and Middle Eastern Countries
5.3.3 Opportunities
5.3.3.1 Growth in New Application Areas
5.3.3.2 Awareness About the Medicinal Applications of Lutein
5.3.4 Challenges
5.3.4.1 Maturity of the Dietary Supplement Application
5.3.4.2 Low Cost-Competitiveness From Asian Countries

6 Lutein Market, By Form
6.1 Introduction
6.2 Powder & Crystalline
6.3 Oil Suspension
6.4 Beadlet
6.5 Emulsion

7 Lutein Market, By Source
7.1 Introduction
7.2 Natural
7.3 Synthetic

8 Lutein Market, By Application
8.1 Introduction
8.2 Food
8.2.1 Bakery & Confectionery Products
8.2.2 Infant Formula & Formulated Supplementary Food Products
8.2.3 Dairy Products
8.2.4 Others
8.3 Beverages
8.3.1 Aerated & Carbonated Drinks
8.3.2 Rtd Beverages
8.3.3 Sports & Energy Drinks
8.3.4 Juice Concentrates & Fruit Juices
8.3.5 Others
8.4 Dietary Supplements
8.5 Animal Feed
8.6 Other Applications
8.6.1 Pharmaceuticals
8.6.2 Personal Care Products

9 Lutein Market, By Production Process
9.1 Introduction
9.2 Chemical Synthesis
9.3 Extraction From Botanical Material
9.4 Fermentation
9.5 Algae Route

10 Lutein Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 Italy
10.3.4 Spain
10.3.5 Netherlands
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Rest of Asia Pacific
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South America
10.6 Rest of the World (RoW)
10.6.1 South Africa
10.6.2 Others in RoW

11 Competitive Landscape
11.1 Overview
11.2 Ranking Analysis of Key Players in the Lutein Market
11.3 Competitive Scenario
11.3.1 Expansions
11.3.2 Acquisitions
11.3.3 Joint Ventures, Partnerships, Collaborations, and Agreements
11.3.4 New Product Launches

12 Company Profiles
12.1 BASF
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)
12.2 Chr. Hansen
12.3 E.I.D. Parry
12.4 Kemin
12.5 Zhejiang Medicine
12.6 Omniactive Health Technologies
12.7 Piveg
12.8 DDW the Colour House
12.9 Döhler
12.10 Allied Biotech
12.11 Synthite Industries
12.12 Lycored
12.13 Fenchem

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables
Table 1 Lutein Market Size, By Form, 2015-2022 (USD Million)
Table 2 Lutein Market Size, By Form, 2015-2022 (Tons)
Table 3 Powder & Crystalline Market Size, By Region, 2015-2022 (USD Million)
Table 4 Powder & Crystalline Market Size, By Region, 2015-2022 (Tons)
Table 5 Oil Suspension Market Size, By Region, 2015-2022 (USD Million)
Table 6 Oil Suspension Market Size, By Region, 2015-2022 (Tons)
Table 7 Beadlet Market Size, By Region, 2015-2022 (USD Million)
Table 8 Beadlet Market Size, By Region, 2015-2022 (Tons)
Table 9 Emulsion Market Size, By Region, 2015-2022 (USD Million)
Table 10 Emulsion Market Size, By Region, 2015-2022 (Tons)
Table 11 Lutein Market Size, By Source, 2015-2022 (USD Million)
Table 12 Lutein Market Size, By Source, 2015-2022 (Tons)
Table 13 Natural Lutein Market Size, By Region, 2015-2022 (USD Million)
Table 14 Natural Lutein Market Size, By Region, 2015-2022 (Tons)
Table 15 Synthetic Lutein Market Size, By Region, 2015-2022 (USD Million)
Table 16 Synthetic Lutein Market Size, By Region, 2015-2022 (Tons)
Table 17 Lutein Market Size, By Application, 2015-2022 (USD Million)
Table 18 Lutein Market Size, By Application, 2015-2022 (Tons)
Table 19 Food Market Size, By Region, 2015-2022 (USD Million)
Table 20 Food Market Size, By Region, 2015-2022 (Tons)
Table 21 Bakery & Confectionery Products Market Size, By Region, 2015-2022 (USD Million)
Table 22 Bakery & Confectionery Products Market Size, By Region, 2015-2022 (Tons)
Table 23 Infant Formula & Formulated Supplementary Food Products Market Size, By Region, 2015-2022 (USD Million)
Table 24 Infant Formula & Formulated Supplementary Food Products Market Size, By Region, 2015-2022 (Tons)
Table 25 Dairy Products Market Size, By Region, 2015-2022 (USD Million)
Table 26 Dairy Products Market Size, By Region, 2015-2022 (Tons)
Table 27 Others Market Size, By Region, 2015-2022 (USD Million)
Table 28 Others Market Size, By Region, 2015-2022 (Tons)
Table 29 Beverages Market Size, By Region, 2015-2022 (USD Million)
Table 30 Beverages Market Size, By Region, 2015-2022 (Tons)
Table 31 Aerated & Carbonated Drinks Market Size, By Region, 2015-2022 (USD Million)
Table 32 Aerated & Carbonated Drinks Market Size, By Region, 2015-2022 (Tons)
Table 33 Rtd Beverages Market Size, By Region, 2015-2022 (USD Million)
Table 34 Rtd Beverages Market Size, By Region, 2015-2022 (Tons)
Table 35 Sports & Energy Drinks Market Size, By Region, 2015-2022 (USD Million)
Table 36 Sports & Energy Drinks Market Size, By Region, 2015-2022 (Tons)
Table 37 Juice Concentrates & Fruit Juices Market Size, By Region, 2015-2022 (USD Million)
Table 38 Juice Concentrates & Fruit Juices Market Size, By Region, 2015-2022 (Tons)
Table 39 Others Market Size By Region, 2015-2022 (USD Million)
Table 40 Others Market Size, By Region, 2015-2022 (Tons)
Table 41 Dietary Supplements Market Size, By Region, 2015-2022 (USD Million)
Table 42 Dietary Supplements Market Size, By Region, 2015-2022 (Tons)
Table 43 Animal Feed Market Size, By Region, 2015-2022 (USD Million)
Table 44 Animal Feed Market Size, By Region, 2015-2022 (Tons)
Table 45 Other Applications Market Size, By Region, 2015-2022 (USD Million)
Table 46 Other Applications Market Size, By Region, 2015-2022 (Tons)
Table 47 Scientific, Family, and Common Name of Botanical Sources
Table 48 Lutein Market Size, By Region, 2015-2022 (USD Million)
Table 49 Lutein Market Size, By Region, 2015-2022 (Tons)
Table 50 North America: Lutein Market Size, By Country, 2015-2022 (USD Million)
Table 51 North America: Size of the Market for Lutein, By Country, 2015-2022 (Tons)
Table 52 North America: Size of the Market for Lutein, By Form, 2015-2022 (USD Million)
Table 53 North America: Lutein Market Size, By Form, 2015-2022 (Tons)
Table 54 North America: Size of the Market for Lutein, By Source, 2015-2022 (USD Million)
Table 55 North America: Size of the Market for Lutein, By Source, 2015-2022 (Tons)
Table 56 North America: Size of the Market for Lutein, By Application, 2015-2022 (USD Million)
Table 57 North America: Lutein Market Size, By Application, 2015-2022 (Tons)
Table 58 Europe: Lutein Market Size, By Country, 2015-2022 (USD Million)
Table 59 Europe: Size of the Market for Lutein, By Country, 2015-2022 (Tons)
Table 60 Europe: Size of the Market for Lutein, By Form, 2015-2022 (USD Million)
Table 61 Europe: Lutein Market Size, By Form, 2015-2022 (Tons)
Table 62 Europe: Size of the Market for Lutein, By Source, 2015-2022 (USD Million)
Table 63 Europe: Lutein Market Size, By Source, 2015-2022 (Tons)
Table 64 Europe: Size of the Market for Lutein, By Application, 2015-2022 (USD Million)
Table 65 Europe: Size of the Market for Lutein, By Application, 2015-2022 (Tons)
Table 66 Asia Pacific: Lutein Market Size, By Country, 2015-2022 (USD Million)
Table 67 Asia Pacific: Size of the Market for Lutein, By Country, 2015-2022 (Tons)
Table 68 Asia Pacific: Size of the Market for Lutein, By Form, 2015-2022 (USD Million)
Table 69 Asia Pacific: Lutein Market Size, By Form, 2015-2022 (Tons)
Table 70 Asia Pacific: Lutein Market Size, By Source, 2015-2022 (USD Million)
Table 71 Asia Pacific: Size of the Market for Lutein, By Source, 2015-2022 (Tons)
Table 72 Asia Pacific: Size of the Market for Lutein, By Application, 2015-2022 (USD Million)
Table 73 Asia Pacific: Lutein Market Size, By Application, 2015-2022 (Tons)
Table 74 South America: Lutein Market Size, By Country, 2015-2022 (USD Million)
Table 75 South America: Lutein Market Size, By Country, 2015-2022 (Tons)
Table 76 South America: Lutein Market Size, By Form, 2015-2022 (USD Million)
Table 77 South America: Lutein Market Size, By Form, 2015-2022 (Tons)
Table 78 South America: Lutein Market Size, By Source, 2015-2022 (USD Million)
Table 79 South America: Lutein Market Size, By Source, 2015-2022 (Tons)
Table 80 South America: Lutein Market Size, By Application, 2015-2022 (USD Million)
Table 81 South America: Lutein Market Size, By Application, 2015-2022 (Tons)
Table 82 RoW: Lutein Market Size, By Country, 2015-2022 (USD Million)
Table 83 RoW: Lutein Market Size, By Country, 2015-2022 (Tons)
Table 84 RoW: Lutein Market Size, By Form, 2015-2022 (USD Million)
Table 85 RoW: Lutein Market Size, By Form, 2015-2022 (Tons)
Table 86 RoW: Lutein Market Size, By Source, 2015-2022 (USD Million)
Table 87 RoW: Lutein Market Size, By Source, 2015-2022 (Tons)
Table 88 RoW: Lutein Market Size, By Application, 2015-2022 (USD Million)
Table 89 RoW: Lutein Market Size, By Application, 2015-2022 (Tons)
Table 90 Expansions, 2013-2017
Table 91 Acquisitions, 2013-2017
Table 92 Joint Ventures, Partnerships, Collaborations, and Agreements, 2013-2017
Table 93 New Product Launches, 2013-2017

List of Figures
Figure 1 Lutein: Market Segmentation
Figure 2 Lutein: Regional Segmentation
Figure 3 Lutein Market: Research Design
Figure 4 Breakdown of Primaries: By Company Type, Designation and Region
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Breakdown & Data Triangulation
Figure 8 Lutein Market, By Form, 2017 vs 2022
Figure 9 Lutein Market, By Application, 2017 vs 2022
Figure 10 Lutein Market, By Source, 2017 vs 2022
Figure 11 Lutein Market: Regional Snapshot
Figure 12 Emerging Applications Offer Attractive Opportunities in the Lutein Market
Figure 13 Dietary Supplements Segment Dominated the Lutein Market Across All the Regions in Terms of Volume, in 2016
Figure 14 China Accounted for the Largest Market for Lutein in the Asia Pacific Region in 2016
Figure 15 India to Be the Fastest-Growing Country-Level Market for Lutein From 2017 to 2022
Figure 16 Powder & Crystalline Segment to Dominate the European Market
Figure 17 Population Growth Trend, 1955-2050
Figure 18 Rise in the Global Middle-Class Population
Figure 19 Expanding Applications to Drive the Growth of the Market
Figure 20 Feed Consumption Share (Volume), By Livestock, 2014
Figure 21 Powder & Crystalline Segment is Projected to Dominate the Lutein Market Through 2022
Figure 22 Synthetic Segment is Projected to Dominate the Lutein Market Through 2022
Figure 23 Dietary Supplements Segment is Expected to Dominate the Lutein Market Through 2022
Figure 24 Geographic Snapshot (2017-2022): the Markets in North America are Projected to Register Moderate Growth
Figure 25 North America: Market Snapshot
Figure 26 Europe: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments By Leading Players in the Lutein Market, 2013 to October 2017
Figure 29 BASF: Company Snapshot
Figure 30 BASF: SWOT Analysis
Figure 31 Chr. Hansen: Company Snapshot
Figure 32 Chr. Hansen: SWOT Analysis
Figure 33 E.I.D. Parry: Company Snapshot
Figure 34 E.I.D. Parry: SWOT Analysis
Figure 35 Kemin: SWOT Analysis

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  • Allied Biotech
  • BASF
  • Chr. Hansen
  • DDW the Colour House
  • Döhler
  • E.I.D. Parry
  • Fenchem
  • Kemin
  • Lycored
  • Omniactive Health Technologies
  • Piveg
  • Synthite Industries
  • Zhejiang Medicine
Note: Product cover images may vary from those shown
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