The global Lutein Market, which is valued at USD 354.3 million as on 2022, is expected to be valuated at around USD 590 million in 2032, and grow at a CAGR of 5.2% through 2032.
Multiple benefits of lutein, which include anti-inflammatory properties and showing miraculous effects for the improvement of eye health, etc. are some of the reasons why the adoption of lutein is expected to increase.
| Report Attribute | Details |
|---|---|
| Lutein Market Valuation as on 2022 | USD 354.3 million |
| Lutein Market Expected Valuation in 2032 | USD 590 million |
| Lutein Market Projected Growth Rate (2022 to 2032) | 5.2% |
Lutein is a type of organic pigment that goes by the name carotenoid. These are one of the two main carotenoids that are found in the human eye. The primary function of lutein is to protect the eyes from the potential damage of sunlight.
Lutein is primarily a yellow pigment that is found in plants. Experts usually believe lutein to be ‘the eye vitamin’. Lutein is crucial for the proper functioning of our eyes. It acts exactly like a light filter.
Lutein is also known to absorb blue light, thereby acting like internal sunglasses. Consuming lutein also drastically reduces the risk of AMD, which may include loss of central vision.
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Lutein is primarily used in the field of ophthalmology. It is mainly used for treating a variety of eye diseases.
The primary benefit of lutein is to provide anti-inflammatory properties, and to protect our eyes against free radicals. Lutein also helps in improving the visual contrast, and in the treatment of cataract and diabetes retinopathy. Owing to all these benefits that lutein offers for the healthy functioning of our eyes and its increased usage in ophthalmology, the sales of lutein is anticipated to increase.
It is also used by various nutrition brands for manufacturing diet supplements and medicines. Especially for preparing capsules related to the treatment of eye diseases. Because of this reason, the demand for lutein is expected to increase in the coming times.
Some researchers have highlighted the fact that reduced intake of lutein is linked to increase in diabetes as well. Thus, intake of lutein may reduce the risk of diabetes. Diabetes is a silent epidemic, which has claimed the lives of many people. If lutein is effective in controlling diabetes, the lutein market share may increase considerably in the future.
Increased consumption of lutein has also been linked to reduced risk of certain types of cancer. There are claims being made by researchers that increase in the intake of lutein may reduce the risk related to specifically breast cancer, kidney cancer, and bladder cancer. This might be a reason why the demand for lutein may upsurge in the coming times.
There are a few scientists who have claimed that lutein might be very effective in fighting certain heart diseases. This might be a game changer in the sales of lutein, and more people might start consuming them in the future.
Additionally, lutein is used in certain diary products as well. These are increasingly used in the manufacture of cheese and yogurts, and even the diary sector is showing a promising growth. This may be a key reason for increasing the adoption of lutein.
Above all, there are some proactive measures being taken by the governments across the globe to spread awareness about the benefits of lutein. For example, the lutein supplements are being showcased as listed medicines. This is a major push to increase the consumption of lutein.
Due to the region's highly fragmented distribution channels, the US market holds a 56% market share in terms of sales of lutein supplements.
Due to the region's manufacturers shifting from producing products that are primarily focused on ingredients to those that have broader brand positioning, as well as the growing market penetration of notable players from the US and Canada, North America is thought to be gaining significant market share.
Additionally, during the forecast period, a growing concentration of VMHS services in the region is anticipated to contribute to regional growth.
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Europe is anticipated to maintain its position as the market leader with a 37.4% share.
Due to rising consumer knowledge of the benefits of carotenoid consumption and the fact that lutein is used in a variety of products, including pharmaceuticals, animal feed, medicine, and human food, Europe is leading the lutein market.
Developing nations like China and India are anticipated to have rapid growth. Need is expected to be stimulated by the high frequency of eye problems and the rising demand for dietary supplements.
Demand for the product is thought to be driven by a growing health-conscious population, changing consumer lifestyles and preferences, and increased consumer knowledge of the product's health advantages.
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The new firms entering the market leads to excessive expansion of the lutein market, despite the fact that the worldwide industry is witnessing severe competition among leading market incumbents as a result of a fragmented and highly concentrated competitive environment.
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The lutein market size is expected to rise in the future ahead. Some of the key players are: Chr Hansen Holdings, Sundown, OmniActive Health Technologies, DSM, Tianjin Pharmaland, Kemin Industries, Allied Boitech Corporation, Vitiva, Nature’s Bounty, BASF SE, Solaray, and Kemin.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2014 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Form, Source, Application, Production Process, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Chr Hansen Holdings; Sundown; OmniActive Health Technologies; DSM; Tianjin Pharmaland; Kemin Industries; Allied Boitech Corporation; Vitiva; Nature’s Bounty; BASF SE; Solaray; Kemin |
| Customization | Available Upon Request |
The expected CAGR of the lutein market for the forecast period (2022 to 2032) is 5.2%.
Asia-Pacific is the fastest growing lutein market.
The expected valuation of lutein market in 2032 is USD 590 million.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Lutein Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Lutein Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 5.1. Food 5.2. Pharmaceuticals 5.3. Nutraceuticals 5.4. Animal Feed 5.5. Dietary Supplements 6. Global Lutein Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Food Coloring 6.2. Dairy Products 6.3. Egg Products 6.4. Cosmetics 6.5. Tobacco 6.6. Medicine 6.7. Poultry Feed 7. Global Lutein Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Lutein Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Lutein Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Lutein Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Lutein Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Lutein Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Lutein Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. DSM 15.2. BASF 15.3. Solaray 15.4. Sundown 15.5. Allied Biotech Corporation 15.6. Kemin 15.7. Tianjin Pharmaland 15.8. Nature’s Bounty 16. Assumptions & Acronyms Used 17. Research Methodology
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Lutein Market
