Market Overview:
The global synthetic lutein market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about eye health, increasing demand for functional foods and beverages, and growing use of synthetic lutein in animal feed. However, the high cost of synthetic lutein may restrain the growth of this market during the forecast period. On the basis of type, the global synthetic lutein market is segmented into powder & crystalline, beadlet, oil suspension, and emulsion. The powder & crystalline segment is expected to account for a major share of this market during the forecast period owing to its low cost and easy availability. On the basis of application, this market is segmented into food, beverages (including alcoholic drinks), dietary supplements (including tablets/pills/capsules), animal feed (including aquaculture), and others (such as personal care products). The food segment accounted for a major share of this market in 2017 owing to rising demand for fortified foods across regions.
Product Definition:
A synthetic form of lutein, a carotenoid found in plants, that is used as a dietary supplement and to color foods.
Powder & Crystalline:
Powder & crystalline lutein are the two forms of lutein. Powder is a dry, free-flowing powder and it has high stability. It can retain its purity for a very long time under any condition. Crystalline Lutein is an amorphous solid that dissolves easily in water with no distinctive odor and has excellent solubility in organic solvents such as ethanol, acetone, ethyl ether or water.
Beadlet:
Beadlet is a small particle made up of glass and plastic. It is used in the manufacturing of synthetic lutein, a pigments that are added to paints and coatings for coloration. Beadlet’s optical properties make it an ideal additive for use in various end-use industries such as plastics, printing inks, paints & coatings among others.
The global beadlet market size was valued at USD 31 million in 2016.
Application Insights:
The food application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. The product is used as a nutritional supplement and as a food additive. It has been found that lutein helps in maintaining cardiovascular health, reduces the risk of cancer, improves vision, supports bone & joint health and acts as an antioxidant. These benefits have made it popular among consumers seeking nutritional supplements for their diets.
Lutein-based products are widely used in beverages such as juices owing to its ability to enhance eye health by reducing cataract formation and improving vision clarity. This trend has driven demand for synthetic lutein globally with juice manufacturers opting for natural sources such as botanicals when sourcing ingredients from suppliers or plants themselves due to consumer preference towards healthy lifestyle practices coupled with increasing awareness regarding added vitamins & nutrients into beverages driving consumption trends globally over recent years driving market growth across regions since 2014-15 (juice industry).
Regional Analysis:
Europe was the largest market for synthetic lutein, accounting for a share of more than 35.0% in 2017 owing to high demand from food and beverage sector. The region is expected to maintain its dominance over the forecast period on account of increasing consumption in countries, such as Germany, U.K., France and Italy among others.
North America accounted for a significant share owing to increased adoption by animal feed manufacturers across U.S.
Growth Factors:
- Increasing demand for natural and organic food products is expected to drive the growth of the synthetic lutein market over the forecast period.
- Rising awareness about the benefits of lutein is anticipated to boost demand for synthetic lutein in various applications including dietary supplements, animal feed, and cosmetics.
- Growing use of processed foods is projected to fuel the growth of the global synthetic lutein market over the next few years.
- Increasing application scope in nutraceuticals and functional foods is likely to propel demand for synthetic lutein during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Lutein Market Research Report
By Type
Powder & Crystalline, Beadlet, Oil Suspension, Emulsion
By Application
Food, Beverages, Dietary Supplements, Animal Feed, Others
By Companies
BASF (Germany), Chr. Hansen (Denmark), E.I.D. Parry (India), Kemin (US), Zhejiang Medicine (China), DDW The Color House. (US), Dohler (Germany), Lycored (Israel), PIVEG (US), Allied Biotech (Taiwan), BASF (Germany)
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Lutein Market Report Segments:
The global Synthetic Lutein market is segmented on the basis of:
Types
Powder & Crystalline, Beadlet, Oil Suspension, Emulsion
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
Food, Beverages, Dietary Supplements, Animal Feed, Others
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:
- BASF (Germany)
- Chr. Hansen (Denmark)
- E.I.D. Parry (India)
- Kemin (US)
- Zhejiang Medicine (China)
- DDW The Color House. (US)
- Dohler (Germany)
- Lycored (Israel)
- PIVEG (US)
- Allied Biotech (Taiwan)
- BASF (Germany)
Highlights of The Synthetic 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:
- Powder & Crystalline
- Beadlet
- Oil Suspension
- Emulsion
- By Application:
- Food
- Beverages
- Dietary Supplements
- Animal Feed
- Others
- 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 Synthetic 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.
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- Correctly Positioning New Products
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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?
Synthetic Lutein is a synthetic form of lutein, which is a carotenoid found in plants. It is used as an antioxidant and to improve vision.
Some of the key players operating in the synthetic lutein market are BASF (Germany), Chr. Hansen (Denmark), E.I.D. Parry (India), Kemin (US), Zhejiang Medicine (China), DDW The Color House. (US), Dohler (Germany), Lycored (Israel), PIVEG (US), Allied Biotech (Taiwan), BASF (Germany).
The synthetic lutein market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synthetic Lutein 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 Synthetic Lutein Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthetic Lutein 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 Synthetic Lutein 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 Synthetic Lutein Market Size & Forecast, 2020-2028
4.5.1 Synthetic Lutein Market Size and Y-o-Y Growth
4.5.2 Synthetic Lutein 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 & Crystalline
5.2.2 Beadlet
5.2.3 Oil Suspension
5.2.4 Emulsion
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 Food
6.2.2 Beverages
6.2.3 Dietary Supplements
6.2.4 Animal Feed
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synthetic Lutein 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 Synthetic Lutein 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 & Crystalline
9.6.2 Beadlet
9.6.3 Oil Suspension
9.6.4 Emulsion
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 Food
9.10.2 Beverages
9.10.3 Dietary Supplements
9.10.4 Animal Feed
9.10.5 Others
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 & Crystalline
10.6.2 Beadlet
10.6.3 Oil Suspension
10.6.4 Emulsion
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 Food
10.10.2 Beverages
10.10.3 Dietary Supplements
10.10.4 Animal Feed
10.10.5 Others
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 & Crystalline
11.6.2 Beadlet
11.6.3 Oil Suspension
11.6.4 Emulsion
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 Food
11.10.2 Beverages
11.10.3 Dietary Supplements
11.10.4 Animal Feed
11.10.5 Others
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 & Crystalline
12.6.2 Beadlet
12.6.3 Oil Suspension
12.6.4 Emulsion
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 Food
12.10.2 Beverages
12.10.3 Dietary Supplements
12.10.4 Animal Feed
12.10.5 Others
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 & Crystalline
13.6.2 Beadlet
13.6.3 Oil Suspension
13.6.4 Emulsion
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 Food
13.10.2 Beverages
13.10.3 Dietary Supplements
13.10.4 Animal Feed
13.10.5 Others
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 Synthetic Lutein Market: Competitive Dashboard
14.2 Global Synthetic Lutein Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF (Germany)
14.3.2 Chr. Hansen (Denmark)
14.3.3 E.I.D. Parry (India)
14.3.4 Kemin (US)
14.3.5 Zhejiang Medicine (China)
14.3.6 DDW The Color House. (US)
14.3.7 Dohler (Germany)
14.3.8 Lycored (Israel)
14.3.9 PIVEG (US)
14.3.10 Allied Biotech (Taiwan)
14.3.11 BASF (Germany)
