About Lutein
Lutein refers to a yellow pigment found in egg yolk, plant leaves of the xanthophyll class and in the corpus luteum. There are huge applications of lutein- infused products in heart, bone, eye, immune system, and other life-threatening diseases. Increasing demand from pharmaceutical and dietary supplement sector is the key factor driving the lutein market. Further, the increasing number of patients with cardiovascular and diabetics problems increasing the sales of lutein-infused medications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 5.8% |
Increasing medical applications of lutein generating lucrative opportunities for the companies involved in lutein production. The number of players is present in the market hence fragmented nature of the market. Market leaders are focusing on expanding their portfolio among healthcare, food & beverage, animal feed, and other industries. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Lutein market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF (Germany), Chr. Hansen (Denmark), E.I.D. Parry (India), Kemin (United States), Zhejiang Medicine (China), DDW the Color House. (United States), Dohler (Germany), Omniactive Health Technologies Limited (India), Lycored (Israel), PIVEG (United States) and Allied Biotech (Taiwan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Cyanotech Corporation (United States), Fenchem (China), Synthite Industries (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Lutein market by Type (Food Grade, Pharmaceutical Grade and Other), Application (Food (Bakery & confectionery products, Infant formula & formulated supplementary food products, Dairy products), Beverages (Aerated & carbonated drinks, RTD beverages, Sports & energy drinks, Juice concentrates & fruit juices), Dietary supplements, Animal feed and Others) and Region.
On the basis of geography, the market of Lutein has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. If we see Market by Basis of Form, the sub-segment i.e. Powder & crystalline will boost the Lutein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Production Process, the sub-segment i.e. Chemical synthesis will boost the Lutein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Basis of Source, the sub-segment i.e. Natural will boost the Lutein market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Lutein Medications in Age-Related Eye Diseases and Rising application of Lutein in Pet Food
Market Growth Drivers:
Growing Applications of Lutein in Dietary Supplements and Increasing Medical Applications of Lutein
Challenges:
Adverse Effects on Health Such As Facial Swelling, Stomach Cramps, and Breathing Problem
Restraints:
Stringent Governing and Approving Norms
Opportunities:
Increasing Demand from Pharmaceutical Industry and Growing Demand for Natural Colorants
Market Leaders and their expansionary development strategies
In February 2024, EyePromise a supplement brand specializing in supplements supporting eye health, recently announced the launch of BrainPromise, a formula featuring essential vitamins, minerals, and the carotenoids lutein and zeaxanthin.
In October 2023, Ingredient supplier OmniActive has launched the “Lutein for Every Age” initiative, which is a campaign to raise awareness of macular carotenoids’ roles in children’s eye and brain health, and address knowledge gaps in children’s nutritional needs.
Key Target Audience
Associations and industry bodies, Commercial research & development (R&D) institutions, Lutein manufacturers and suppliers, Raw material suppliers and distributors, Traders, distributors, and retailers, Carotenoid/natural color industry players, Researchers and Industry experts
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.