Market Overview:
The global lutein market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lutein from the pharmaceuticals, dietary supplement, and food additives industries. Lutein is a naturally occurring carotenoid found in green leafy vegetables and fruits such as oranges and tomatoes. It is also available as a dietary supplement and food additive. Lutein has various health benefits such as improving eye health, reducing the risk of age-related macular degeneration (AMD), and preventing cataracts.
Product Definition:
Lutein is a yellow pigment found in fruits and vegetables. It is the most common carotenoid in the human body and is concentrated in the eye, where it helps filter out harmful blue light. Lutein also appears to play a role in maintaining healthy cells and tissues.
Free Lutein:
Lutein and Zeaxanthin are two major pigments found in the human eye. These pigments help in protecting the sensitive cells of the retina from damage by filtering out harmful light wavelengths. The Free Lutein product is a nutritional supplement that contains lutein & zeaxanthin, which helps to maintain healthy eyesight along with supporting eye health.
Lutein Esters:
Lutein esters are a group of chemical compounds derived from plant sources including vegetables and fruits. Lutein esters find application in the food & beverage, pharmaceuticals, nutraceuticals industries for human consumption. The increasing prevalence of eye disorders such as myopia (near sightedness), hyperopia (far sightedness), cataract, presbyopia is expected to drive the global market growth over the forecast period.
Application Insights:
The dietary supplements segment is expected to be the fastest-growing application, with a CAGR of XX% from 2018 to 2030. The product has been gaining popularity as a nutritional supplement owing to its antioxidant properties and ability to reduce the risk of cardiovascular diseases, which is likely to have boosted demand in this segment.
Dietary supplements are widely used in North America and Europe; however, food additives are primarily consumed in Asia Pacific region due largely on increased use of lutein as an additive for food & beverages processing industry there. Lutein also finds applications such as pigments for manufacturing plastics & resins and paper coatings which may drive growth over the forecast period but cannot be considered primary sources of revenue generation for global lutein market players at this juncture.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through the forecast period on account of high product consumption in dietary supplements and food additives. In addition, increasing awareness regarding nutritional enrichment among consumers is anticipated to propel industry growth over the next eight years.
Asia Pacific lutein market was valued at USD X billion in 2017 and is expected to witness significant growth over the forecast period owing to rising disposable income coupled with growing health awareness among consumers from developing countries such as China, India, Indonesia, Malaysia & Thailand (CIMT). Increasing consumer spending on healthcare products has also been fueling regional demand for food additives and pharmaceuticals which will drive industry expansion over the coming years.
Growth Factors:
- Increasing awareness about the benefits of lutein for eye health.
- Rising prevalence of age-related macular degeneration (AMD) and cataracts, which are conditions that can be improved with lutein supplementation.
- Growing demand for natural ingredients in food and beverage products.
- increasing research on the potential health benefits of lutein, including its role in preventing chronic diseases such as cancer and heart disease.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lutein Market Research Report
By Type
Free Lutein, Lutein Esters
By Application
Pharmaceuticals, Dietary Supplement, Food Additives
By Companies
Kemin, BASF, Omniactive, DDW, FMC BioPolymer, PIVEG, IOSA, Allied Biotech Corporation, Chr Hansen, LycoRed, Vitae Naturals, Divis Nutraceuticals, Katra Phyto, Chenguang Biotech Group, Fenchem, Tian Yin Biotechnology, Lvchuan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Lutein Market Report Segments:
The global Lutein market is segmented on the basis of:
Types
Free Lutein, Lutein Esters
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceuticals, Dietary Supplement, Food Additives
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kemin
- BASF
- Omniactive
- DDW
- FMC BioPolymer
- PIVEG
- IOSA
- Allied Biotech Corporation
- Chr Hansen
- LycoRed
- Vitae Naturals
- Divis Nutraceuticals
- Katra Phyto
- Chenguang Biotech Group
- Fenchem
- Tian Yin Biotechnology
- Lvchuan
Highlights of The Lutein Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Free Lutein
- Lutein Esters
- By Application:
- Pharmaceuticals
- Dietary Supplement
- Food Additives
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lutein Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lutein is a carotenoid found in plants. It is responsible for the yellow color of fruits and vegetables.
Some of the key players operating in the lutein market are Kemin, BASF, Omniactive, DDW, FMC BioPolymer, PIVEG, IOSA, Allied Biotech Corporation, Chr Hansen, LycoRed, Vitae Naturals, Divis Nutraceuticals, Katra Phyto, Chenguang Biotech Group, Fenchem, Tian Yin Biotechnology, Lvchuan.
The lutein market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lutein Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lutein Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lutein Market - Supply Chain
4.5. Global Lutein Market Forecast
4.5.1. Lutein Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lutein Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lutein Market Absolute $ Opportunity
5. Global Lutein Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lutein Market Size and Volume Forecast by Type
5.3.1. Free Lutein
5.3.2. Lutein Esters
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lutein Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lutein Market Size and Volume Forecast by Application
6.3.1. Pharmaceuticals
6.3.2. Dietary Supplement
6.3.3. Food Additives
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lutein Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lutein Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lutein Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lutein Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lutein Demand Share Forecast, 2019-2026
9. North America Lutein Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lutein Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lutein Market Size and Volume Forecast by Application
9.4.1. Pharmaceuticals
9.4.2. Dietary Supplement
9.4.3. Food Additives
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lutein Market Size and Volume Forecast by Type
9.7.1. Free Lutein
9.7.2. Lutein Esters
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lutein Demand Share Forecast, 2019-2026
10. Latin America Lutein Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lutein Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lutein Market Size and Volume Forecast by Application
10.4.1. Pharmaceuticals
10.4.2. Dietary Supplement
10.4.3. Food Additives
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lutein Market Size and Volume Forecast by Type
10.7.1. Free Lutein
10.7.2. Lutein Esters
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lutein Demand Share Forecast, 2019-2026
11. Europe Lutein Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lutein Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lutein Market Size and Volume Forecast by Application
11.4.1. Pharmaceuticals
11.4.2. Dietary Supplement
11.4.3. Food Additives
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lutein Market Size and Volume Forecast by Type
11.7.1. Free Lutein
11.7.2. Lutein Esters
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lutein Demand Share, 2019-2026
12. Asia Pacific Lutein Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lutein Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lutein Market Size and Volume Forecast by Application
12.4.1. Pharmaceuticals
12.4.2. Dietary Supplement
12.4.3. Food Additives
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lutein Market Size and Volume Forecast by Type
12.7.1. Free Lutein
12.7.2. Lutein Esters
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lutein Demand Share, 2019-2026
13. Middle East & Africa Lutein Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lutein Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lutein Market Size and Volume Forecast by Application
13.4.1. Pharmaceuticals
13.4.2. Dietary Supplement
13.4.3. Food Additives
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lutein Market Size and Volume Forecast by Type
13.7.1. Free Lutein
13.7.2. Lutein Esters
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lutein Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lutein Market: Market Share Analysis
14.2. Lutein Distributors and Customers
14.3. Lutein Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kemin
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Omniactive
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DDW
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FMC BioPolymer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PIVEG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. IOSA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Allied Biotech Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chr Hansen
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LycoRed
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Vitae Naturals
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Divis Nutraceuticals
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Katra Phyto
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Chenguang Biotech Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Fenchem
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Tian Yin Biotechnology
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Lvchuan
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook