Natural Lutein Market Scope
Natural Lutein is a natural part of a human diet found in orange-yellow fruits and flowers, and in leafy vegetables. It also known as vegetable lutein or vegetable luteol. Its name lutein means “yellow” is found in various plants such as marigold oleoresin which is extracted from the petals of marigold flowers with organic solvent. The natural lutein helps in maintaining healthy macular pigment levels providing retinal protection against oxidative stress caused by normal UV exposure on the aging eye. These benefits of natural lutein have driven the market size of the global natural lutein market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | Europe |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE(Germany), Chr. Hansen Holding A/S (Denmark), E.I.D. Parry Ltd (India), Dohler (Germany), Lycored (Israel), Kemin Industries, Inc. (United States), Zhejiang Medicine (China), DDW The Color House. (United States), Piveg, Inc. (United States), Allied Biotech Corporation (Taiwan), Fenchem (China), Koninklijke DSM N.V. (Netherlands), The Nature's Bounty Co (United States), Ambe Phytoextracts Pvt. (India) and Chenguang Biotech Group Co.,Ltd (China) |
CAGR | 4.59% |
In Natural Lutein Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Natural Lutein market throughout the predicted period.
BASF SE(Germany), Chr. Hansen Holding A/S (Denmark), E.I.D. Parry Ltd (India), Dohler (Germany), Lycored (Israel), Kemin Industries, Inc. (United States), Zhejiang Medicine (China), DDW The Color House. (United States), Piveg, Inc. (United States), Allied Biotech Corporation (Taiwan), Fenchem (China), Koninklijke DSM N.V. (Netherlands), The Nature's Bounty Co (United States), Ambe Phytoextracts Pvt. (India) and Chenguang Biotech Group Co.,Ltd (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Natural Lutein market by Type , by Application (Food & Beverages (Dietary Supplement, Food Coating, Other), Pharmaceuticals, Personal Care Products and Animal Feed) and Region with country level break-up. On the basis of Type, Powder & Crystalline are dominating the market in the year 2023 where as Oil Suspensions stood as second largest market share.
On the basis of application, Food & Beverages segment is dominating the market in the year 2023 where as Pharmaceuticals segment stood as second largest market.
On the basis of geography, the market of Natural 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. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In July 2019, DDW acquired the DuPont Natural Colors business that was part of DuPont’s Nutrition and Biosciences division. The acquisition expands DDW’s global reach and adds technical and manufacturing capabilities in several core natural colors. As part of the acquisition, DDW gets two DuPont’s manufacturing facilities in Burton-on-Trent, UK, and Santiago, Chile, as well as all related customer contracts.
In March 2019, BASF launches a state-of-the-art sports nutrition ingredient named PeptAIde in China. This product was aimed to support active lifestyles by helping them to modulate inflammation for post-workout recovery. This product address varying health-related concerns such as Active Mobi-lite, a high-efficacy powder supplement; Bright-eye, an effervescent tablet with lutein ester; and Daily Defence, an antioxidant capsule., and In February 2024, Nutritional supplement leader, EyePromise has entered the brain health category with the launch of BrainPromise by EyePromise, a new product formulated for brain health, performance, and protection. BrainPromise offers comprehensive brain nutrition with essential vitamins and minerals including the antioxidants, zeaxanthin and lutein, which are featured in a plethora of published studies for their effectiveness in fighting oxidative stress among numerous other benefits.
Influencing Trend:
Growing Use as Medicine in Asia Pacific Countries such as India
Market Growth Drivers:
Increasing Demand for Dietary Supplements, Increasing Use of Natural Colorants and Rising Number of Health-Conscious People
Challenges:
Marigolds and algae, require specific growing conditions and processing techniques, which can impact supply chain stability.
Restraints:
High Amount Of Consumption Led to Harmful Effects
Opportunities:
Use of Natural Lutein in Prevention of Skin Disorders, Diabetes, Cancer, and Coronary Heart Diseases, Increasing Use of Natural Lutein in Animal Feed and Growing Eye-Related Diseases
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Natural Lutein Providers, Traders, Distributors, and Retailers of Natural Lutein, Raw Material Suppliers, Research Organizations and End-Use Industries