Market Overview:
The global lutein and lutein esters 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 and its derivatives from various applications such as additives, pharmaceuticals, and dietary supplements. Additionally, the growing awareness about the benefits of lutein is also propelling the growth of this market. North America dominates the global lutein and lutein esters market followed by Europe due to high demand for these products from various applications in these regions.
Product Definition:
Lutein and lutein esters are carotenoids found in many fruits and vegetables. Lutein is also available as a dietary supplement. Lutein and lutein esters are important for eye health.
Powder/Concrete:
Powder/Concrete is a key raw material used in the manufacturing of Lutein and Lutein esters. It is a fine, white crystalline powder that has high absorbance capacity for visible light and near-infrared region. The product has applications in various industries such as construction, automotive, paints & coatings among others.
Oil:
Oil is a by-product obtained during the manufacturing of car and truck tires. It is also known as rubber oil or tire grease. The major function of oil in lutein and lutein esters market is to provide resistance to water so that it can be spread evenly over the surface of the paper for better printing quality.
Application Insights:
The additives segment held the largest share of over 70.0% in 2017. The product is widely used as a food additive to improve the nutritional value of foods and beverages, thereby contributing to its growth on a global level. It also finds application as an antioxidant, which helps prevent free radical damage to cells and tissues at cellular level through lipoproteins called LDL (low-density lipoprotein).
Lutein has been proven effective in reducing cataract formation in aging eyes by improving ocular blood flow and decreasing intraocular pressure (IOP). This factor is anticipated to fuel its demand as a dietary supplement for maintaining ideal eye health during old age across various regions including North America, Europe, Asia Pacific and Middle East & Africa. In addition, it also helps reduce visual impairment caused by night blindness owing to its high content of zeaxanthin pigment present within the lens fiber layer that protects eyes from UV rays responsible for causing cataracts or clouding over time.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 7% during the forecast period. Increasing awareness regarding nutritional supplements and dietary habits, especially in U.S., is anticipated to propel product demand in this region over the forecast period.
Growth Factors:
- Increasing awareness about the benefits of lutein and lutein esters among consumers is expected to drive the growth of this market in the coming years.
- Growing demand for natural ingredients in food and beverage products is another key factor that is anticipated to fuel the growth of this market in the near future.
- Rising incidence of eye-related disorders, such as cataracts and age-related macular degeneration, is expected to create significant opportunities for players operating in this market over the next few years.
- The increasing use of lutein and lutein esters as dietary supplements by pregnant women is another major factor that is projected to boost demand for these products in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lutein and Lutein Esters Market Research Report
By Type
Powder/Concrete, Oil
By Application
Additives, Pharmaceuticals/Dietary Supplement
By Companies
Chenguang Biotech Group Co.,Ltd., Kemin Industries, Synthite, Qingdao Scitech Biotech Co., Ltd., OmniActive, Katra Phytochem Pvt ltd., Piveg, Divis, Lycored, IOSA, Chenguang Biotech Group Co.,Ltd., Chr.Hansen Holding A/S, Tian Yin Biotechnology
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Lutein and Lutein Esters Market Report Segments:
The global Lutein and Lutein Esters market is segmented on the basis of:
Types
Powder/Concrete, Oil
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
Additives, Pharmaceuticals/Dietary Supplement
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:
- Chenguang Biotech Group Co.,Ltd.
- Kemin Industries
- Synthite
- Qingdao Scitech Biotech Co., Ltd.
- OmniActive
- Katra Phytochem Pvt ltd.
- Piveg
- Divis
- Lycored
- IOSA
- Chenguang Biotech Group Co.,Ltd.
- Chr.Hansen Holding A/S
- Tian Yin Biotechnology
Highlights of The Lutein and Lutein Esters 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:
- Powder/Concrete
- Oil
- By Application:
- Additives
- Pharmaceuticals/Dietary Supplement
- 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 and Lutein Esters 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 and lutein esters are a type of carotenoid. Carotenoids are plant-based pigments that give fruits and vegetables their characteristic colors. Lutein and lutein esters are found in high concentrations in the retina, where they play an important role in vision.
Some of the key players operating in the lutein and lutein esters market are Chenguang Biotech Group Co.,Ltd., Kemin Industries, Synthite, Qingdao Scitech Biotech Co., Ltd., OmniActive, Katra Phytochem Pvt ltd., Piveg, Divis, Lycored, IOSA, Chenguang Biotech Group Co.,Ltd., Chr.Hansen Holding A/S, Tian Yin Biotechnology.
The lutein and lutein esters market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lutein and Lutein Esters Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lutein and Lutein Esters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lutein and Lutein Esters Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lutein and Lutein Esters Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lutein and Lutein Esters Market Size & Forecast, 2020-2028
4.5.1 Lutein and Lutein Esters Market Size and Y-o-Y Growth
4.5.2 Lutein and Lutein Esters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Powder/Concrete
5.2.2 Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Additives
6.2.2 Pharmaceuticals/Dietary Supplement
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lutein and Lutein Esters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lutein and Lutein Esters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Powder/Concrete
9.6.2 Oil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Additives
9.10.2 Pharmaceuticals/Dietary Supplement
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Powder/Concrete
10.6.2 Oil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Additives
10.10.2 Pharmaceuticals/Dietary Supplement
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Powder/Concrete
11.6.2 Oil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Additives
11.10.2 Pharmaceuticals/Dietary Supplement
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Powder/Concrete
12.6.2 Oil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Additives
12.10.2 Pharmaceuticals/Dietary Supplement
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Powder/Concrete
13.6.2 Oil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Additives
13.10.2 Pharmaceuticals/Dietary Supplement
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lutein and Lutein Esters Market: Competitive Dashboard
14.2 Global Lutein and Lutein Esters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chenguang Biotech Group Co.,Ltd.
14.3.2 Kemin Industries
14.3.3 Synthite
14.3.4 Qingdao Scitech Biotech Co., Ltd.
14.3.5 OmniActive
14.3.6 Katra Phytochem Pvt ltd.
14.3.7 Piveg
14.3.8 Divis
14.3.9 Lycored
14.3.10 IOSA
14.3.11 Chenguang Biotech Group Co.,Ltd.
14.3.12 Chr.Hansen Holding A/S
14.3.13 Tian Yin Biotechnology
