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Global Lutein Market Size, Share & Industry Trends Analysis Report By Form (Powder & Crystalline, Beadlet, Emulsion, and Oil Suspension), By Source (Synthetic, and Natural), By Application, By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 325 Pages
  • August 2023
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5886718
The Global Lutein Market size is expected to reach $531.6 million by 2030, rising at a market growth of 6.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,985.2 tonnes, experiencing a growth of 3.2% (2019-2022).

The increasing demand for lutein as a health supplement and its use as a natural colorant in food products. Therefore, Food Segment acquired $59.2 million in the market in 2022. The market is being driven by increased expenditure on superior lutein products due to rising consumer awareness of the advantages of consuming it and a rise in the proportion of health-conscious consumers. It protects both the skin's suppleness & moisture content. It has anti-inflammatory properties and is primarily found in plants & vegetables with green, leafy foliage. The rise in its demand can be related to the rise in health issues brought on by poor diet and people's contemporary lifestyles. Some factors impacting the market are increased traction on medical applications of lutein, growing ageing population, and adverse effects of high lutein dosage.



Animal feed, medicines, human food, cosmetics, and dietary supplements are just a few industries where lutein is used. Many people still lack an abundance of knowledge about the medical uses of lutein. Pharmaceutical companies have an opportunity to create goods that satisfy this need by targeting cognitive health with lutein-based supplements and formulations. As a result, it has a lot of potential in the pharmaceutical sector. The market will grow as people become more aware of its potential medical uses. A rise in the number of elderly persons globally is expected to boost demand for dietary supplements based on lutein during the projected period. As people age, illnesses and ailments like joint pain, poor vision, and bone brittleness become more prevalent. By 2050, the world's population of people aged 60 years and older will double (2.1 billion). As a result, the senior population segment is growing, which will increase the demand for dietary supplements based on lutein from this group of people. This will fuel the worldwide market's expansion throughout the forecast period.

However, according to the publication "Oxidants and Antioxidants in Medical Science, 2022," which focuses on the function of antioxidants in healthcare, the possible hazards and side effects of its supplementation are highlighted, especially for people with specific health issues or individuals consuming medications. Customers hesitant to buy lutein supplements may be persuaded to look for lutein in natural food sources instead due to a lack of faith in the supplements' quality. As a result, the market is expected to increase slowly throughout the forecast period.

Form Outlook

Based on form, the market is fragmented into powder & crystalline, oil suspension, beadlet, and emulsion. In 2022, the powder & crystalline segment witnessed the largest revenue share in the market. Compared to other forms, lutein in powder and crystals is comparatively simple to produce. It is easily combined and capsuled, making for simple production procedures. Due to lower manufacturing complexity and expenses, its simplicity in formulation may help explain its higher demand. Lutein can be used in various ways because of its crystalline and powder forms, which are easily combined. Due to its versatility, it is ideally suited for a wide variety of goods, such as beverages, functional meals, and nutritional supplements.

Application Outlook

On the basis of application, the market is classified into food, beverages, dietary supplements, animal feed, and other applications. In 2022, the dietary supplements segment held the highest revenue share in the market. Over the next few years, consumer demand for nutritional supplements will skyrocket. Fruits & vegetables are colored yellow by the antioxidant carotenoid lutein, making it a part of the market for carotenoids. A healthy diet may influence good vision. Poor nutrition could worsen eyesight as people age. Dietary supplements containing essential minerals, vitamins, and fatty acids help people stay healthy and avoid dangerous diseases. Due to these advantages, lutein use as a dietary supplement is increasing, fueling the market’s growth.



Source Outlook

By source, the market is segmented into natural and synthetic. The natural segment acquired a substantial revenue share in the market in 2022. Natural lutein derived from plants such as marigold flowers can be seen as a more appealing alternative to natural and plant-based supplements. Customers want ingredient clarity as their preference for clean-label products rises. Natural lutein may meet this demand, which can be advertised as a healthy substance that hasn't undergone any chemical alterations.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the largest revenue share. The Asia Pacific, notably nations like China and India, has a significant agricultural sector and climatic conditions for growing lutein-rich sources such as marigold flowers. As a result, lutein can be supplied consistently, sustaining Asia Pacific's status as a significant producer and supplying a trustworthy source for the substance. Significant investments have been made in Asia Pacific's dietary supplement and nutraceutical businesses. Vendors in the region are aggressively concentrating on product innovation, R&D, and marketing to satisfy the growing demand for lutein along with related products.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, Kemin Industries, Inc., E.I.D. Parry Limited (Murugappa Group), Merck KGaA, Piveg, Inc., Synthite Industries Pvt. Ltd., Dohler GmbH, Sabinsa Corporation (Sami-Sabinsa Group Ltd.), Fenchem Biotek Ltd., and India Glycols Limited

Scope of the Study

By Form

  • Powder & Crystalline
  • Beadlet
  • Emulsion
  • Oil Suspension

By Source(Volume, Tonnes, USD Thousand, 2019-2030)

  • Synthetic
  • Natural

By Application(Volume, Tonnes, USD Thousand, 2019-2030)

  • Dietary Supplements
  • Beverages
  • Food
  • Animal Feed
  • Others

By Geography(Volume, Tonnes, USD Thousand, 2019-2030)

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • BASF SE
  • Kemin Industries, Inc.
  • E.I.D. Parry Limited (Murugappa Group)
  • Merck KGaA
  • Piveg, Inc.
  • Synthite Industries Pvt. Ltd.
  • Dohler GmbH
  • Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
  • Fenchem Biotek Ltd.
  • India Glycols Limited

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Lutein Market, by Form
1.4.2 Global Lutein Market, by Source
1.4.3 Global Lutein Market, by Application
1.4.4 Global Lutein Market, by Geography
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Lutein Market by Form
4.1 Global Powder & Crystalline Market by Region
4.2 Global Beadlet Market by Region
4.3 Global Emulsion Market by Region
4.4 Global Oil Suspension Market by Region
Chapter 5. Global Lutein Market by Source
5.1 Global Synthetic Market by Region
5.2 Global Natural Market by Region
Chapter 6. Global Lutein Market by Application
6.1 Global Dietary Supplements Market by Region
6.2 Global Beverages Market by Region
6.3 Global Food Market by Region
6.4 Global Animal Feed Market by Region
6.5 Global Others Market by Region
Chapter 7. Global Lutein Market by Region
7.1 North America Lutein Market
7.1.1 North America Lutein Market by Form
7.1.1.1 North America Powder & Crystalline Market by Country
7.1.1.2 North America Beadlet Market by Country
7.1.1.3 North America Emulsion Market by Country
7.1.1.4 North America Oil Suspension Market by Country
7.1.2 North America Lutein Market by Source
7.1.2.1 North America Synthetic Market by Country
7.1.2.2 North America Natural Market by Country
7.1.3 North America Lutein Market by Application
7.1.3.1 North America Dietary Supplements Market by Country
7.1.3.2 North America Beverages Market by Country
7.1.3.3 North America Food Market by Country
7.1.3.4 North America Animal Feed Market by Country
7.1.3.5 North America Others Market by Country
7.1.4 North America Lutein Market by Country
7.1.4.1 US Lutein Market
7.1.4.1.1 US Lutein Market by Form
7.1.4.1.2 US Lutein Market by Source
7.1.4.1.3 US Lutein Market by Application
7.1.4.2 Canada Lutein Market
7.1.4.2.1 Canada Lutein Market by Form
7.1.4.2.2 Canada Lutein Market by Source
7.1.4.2.3 Canada Lutein Market by Application
7.1.4.3 Mexico Lutein Market
7.1.4.3.1 Mexico Lutein Market by Form
7.1.4.3.2 Mexico Lutein Market by Source
7.1.4.3.3 Mexico Lutein Market by Application
7.1.4.4 Rest of North America Lutein Market
7.1.4.4.1 Rest of North America Lutein Market by Form
7.1.4.4.2 Rest of North America Lutein Market by Source
7.1.4.4.3 Rest of North America Lutein Market by Application
7.2 Europe Lutein Market
7.2.1 Europe Lutein Market by Form
7.2.1.1 Europe Powder & Crystalline Market by Country
7.2.1.2 Europe Beadlet Market by Country
7.2.1.3 Europe Emulsion Market by Country
7.2.1.4 Europe Oil Suspension Market by Country
7.2.2 Europe Lutein Market by Source
7.2.2.1 Europe Synthetic Market by Country
7.2.2.2 Europe Natural Market by Country
7.2.3 Europe Lutein Market by Application
7.2.3.1 Europe Dietary Supplements Market by Country
7.2.3.2 Europe Beverages Market by Country
7.2.3.3 Europe Food Market by Country
7.2.3.4 Europe Animal Feed Market by Country
7.2.3.5 Europe Others Market by Country
7.2.4 Europe Lutein Market by Country
7.2.4.1 Germany Lutein Market
7.2.4.1.1 Germany Lutein Market by Form
7.2.4.1.2 Germany Lutein Market by Source
7.2.4.1.3 Germany Lutein Market by Application
7.2.4.2 UK Lutein Market
7.2.4.2.1 UK Lutein Market by Form
7.2.4.2.2 UK Lutein Market by Source
7.2.4.2.3 UK Lutein Market by Application
7.2.4.3 France Lutein Market
7.2.4.3.1 France Lutein Market by Form
7.2.4.3.2 France Lutein Market by Source
7.2.4.3.3 France Lutein Market by Application
7.2.4.4 Russia Lutein Market
7.2.4.4.1 Russia Lutein Market by Form
7.2.4.4.2 Russia Lutein Market by Source
7.2.4.4.3 Russia Lutein Market by Application
7.2.4.5 Spain Lutein Market
7.2.4.5.1 Spain Lutein Market by Form
7.2.4.5.2 Spain Lutein Market by Source
7.2.4.5.3 Spain Lutein Market by Application
7.2.4.6 Italy Lutein Market
7.2.4.6.1 Italy Lutein Market by Form
7.2.4.6.2 Italy Lutein Market by Source
7.2.4.6.3 Italy Lutein Market by Application
7.2.4.7 Rest of Europe Lutein Market
7.2.4.7.1 Rest of Europe Lutein Market by Form
7.2.4.7.2 Rest of Europe Lutein Market by Source
7.2.4.7.3 Rest of Europe Lutein Market by Application
7.3 Asia Pacific Lutein Market
7.3.1 Asia Pacific Lutein Market by Form
7.3.1.1 Asia Pacific Powder & Crystalline Market by Country
7.3.1.2 Asia Pacific Beadlet Market by Country
7.3.1.3 Asia Pacific Emulsion Market by Country
7.3.1.4 Asia Pacific Oil Suspension Market by Country
7.3.2 Asia Pacific Lutein Market by Source
7.3.2.1 Asia Pacific Synthetic Market by Country
7.3.2.2 Asia Pacific Natural Market by Country
7.3.3 Asia Pacific Lutein Market by Application
7.3.3.1 Asia Pacific Dietary Supplements Market by Country
7.3.3.2 Asia Pacific Beverages Market by Country
7.3.3.3 Asia Pacific Food Market by Country
7.3.3.4 Asia Pacific Animal Feed Market by Country
7.3.3.5 Asia Pacific Others Market by Country
7.3.4 Asia Pacific Lutein Market by Country
7.3.4.1 China Lutein Market
7.3.4.1.1 China Lutein Market by Form
7.3.4.1.2 China Lutein Market by Source
7.3.4.1.3 China Lutein Market by Application
7.3.4.2 Japan Lutein Market
7.3.4.2.1 Japan Lutein Market by Form
7.3.4.2.2 Japan Lutein Market by Source
7.3.4.2.3 Japan Lutein Market by Application
7.3.4.3 India Lutein Market
7.3.4.3.1 India Lutein Market by Form
7.3.4.3.2 India Lutein Market by Source
7.3.4.3.3 India Lutein Market by Application
7.3.4.4 South Korea Lutein Market
7.3.4.4.1 South Korea Lutein Market by Form
7.3.4.4.2 South Korea Lutein Market by Source
7.3.4.4.3 South Korea Lutein Market by Application
7.3.4.5 Singapore Lutein Market
7.3.4.5.1 Singapore Lutein Market by Form
7.3.4.5.2 Singapore Lutein Market by Source
7.3.4.5.3 Singapore Lutein Market by Application
7.3.4.6 Malaysia Lutein Market
7.3.4.6.1 Malaysia Lutein Market by Form
7.3.4.6.2 Malaysia Lutein Market by Source
7.3.4.6.3 Malaysia Lutein Market by Application
7.3.4.7 Rest of Asia Pacific Lutein Market
7.3.4.7.1 Rest of Asia Pacific Lutein Market by Form
7.3.4.7.2 Rest of Asia Pacific Lutein Market by Source
7.3.4.7.3 Rest of Asia Pacific Lutein Market by Application
7.4 LAMEA Lutein Market
7.4.1 LAMEA Lutein Market by Form
7.4.1.1 LAMEA Powder & Crystalline Market by Country
7.4.1.2 LAMEA Beadlet Market by Country
7.4.1.3 LAMEA Emulsion Market by Country
7.4.1.4 LAMEA Oil Suspension Market by Country
7.4.2 LAMEA Lutein Market by Source
7.4.2.1 LAMEA Synthetic Market by Country
7.4.2.2 LAMEA Natural Market by Country
7.4.3 LAMEA Lutein Market by Application
7.4.3.1 LAMEA Dietary Supplements Market by Country
7.4.3.2 LAMEA Beverages Market by Country
7.4.3.3 LAMEA Food Market by Country
7.4.3.4 LAMEA Animal Feed Market by Country
7.4.3.5 LAMEA Others Market by Country
7.4.4 LAMEA Lutein Market by Country
7.4.4.1 Brazil Lutein Market
7.4.4.1.1 Brazil Lutein Market by Form
7.4.4.1.2 Brazil Lutein Market by Source
7.4.4.1.3 Brazil Lutein Market by Application
7.4.4.2 Argentina Lutein Market
7.4.4.2.1 Argentina Lutein Market by Form
7.4.4.2.2 Argentina Lutein Market by Source
7.4.4.2.3 Argentina Lutein Market by Application
7.4.4.3 UAE Lutein Market
7.4.4.3.1 UAE Lutein Market by Form
7.4.4.3.2 UAE Lutein Market by Source
7.4.4.3.3 UAE Lutein Market by Application
7.4.4.4 Saudi Arabia Lutein Market
7.4.4.4.1 Saudi Arabia Lutein Market by Form
7.4.4.4.2 Saudi Arabia Lutein Market by Source
7.4.4.4.3 Saudi Arabia Lutein Market by Application
7.4.4.5 South Africa Lutein Market
7.4.4.5.1 South Africa Lutein Market by Form
7.4.4.5.2 South Africa Lutein Market by Source
7.4.4.5.3 South Africa Lutein Market by Application
7.4.4.6 Nigeria Lutein Market
7.4.4.6.1 Nigeria Lutein Market by Form
7.4.4.6.2 Nigeria Lutein Market by Source
7.4.4.6.3 Nigeria Lutein Market by Application
7.4.4.7 Rest of LAMEA Lutein Market
7.4.4.7.1 Rest of LAMEA Lutein Market by Form
7.4.4.7.2 Rest of LAMEA Lutein Market by Source
7.4.4.7.3 Rest of LAMEA Lutein Market by Application
Chapter 8. Company Profiles
8.1 BASF SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.1.5.2 Expansions:
8.1.6 SWOT Analysis
8.2 Kemin Industries, Inc.
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.3 E.I.D. Parry Limited (Murugappa Group)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 SWOT Analysis
8.4 Merck KGaA
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Piveg, Inc.
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 Synthite Industries Pvt. Ltd.
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.7 Dohler GmbH
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Fenchem Biotek Ltd.
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. India Glycols Limited
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 SWOT Analysis
Chapter 9. Winning Imperative for Lutein Market

Companies Mentioned

  • BASF SE
  • Kemin Industries, Inc.
  • E.I.D. Parry Limited (Murugappa Group)
  • Merck KGaA
  • Piveg, Inc.
  • Synthite Industries Pvt. Ltd.
  • Dohler GmbH
  • Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
  • Fenchem Biotek Ltd.
  • India Glycols Limited

Methodology

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