The Latin America, Middle East and Africa Lutein Market should witness market growth of 9.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 340.4 tonnes, showcasing a growth of 10.4% (2023-2030).
Lutein has been incorporated into several sectors due to the vast range of potential health advantages. The pharmaceutical industry uses lutein as a component in nutritional supplements. It is frequently added to supplements for eye health, together with other minerals, vitamins, and antioxidants. Lutein is a functional ingredient added by food & beverage companies to foods and drinks that promote eye health as well as general well-being. It is used in animal feed production, particularly for poultry and aquaculture.
Producers can improve the colouring of poultry skin, fish flesh, and egg yolks to make them more aesthetically pleasing to consumers by incorporating lutein into animal feed formulations. Lutein has also been used in the cosmetics and personal care industries. Due to its antioxidant qualities, it is a desirable ingredient for skincare products that aim for anti-aging and stress protection from the environment. It is added to creams, serums, lotions, and other cosmetic products to support skin health and luminosity.
The most important benefit of lutein for the skin is its potent antioxidant qualities, crucial for shielding it from dangerous free radicals everywhere in the environment. Additionally, research has shown that topical lutein advantages may unintentionally aid in increasing moisture retention and give anti-aging effects by effectively minimizing the degree of oxidative stress buildup in the skin.
In the Middle East & Africa, Saudi Arabia is a major market for cosmetics and personal care items. Customers in the nation frequently spend a lot of money on cosmetics and fragrances, which supports the industry's expansion. Brazil's sales are expected to rise due to factors like expanding digital penetration, greater consumer spending on beauty products, and other marketing initiatives by regional and local companies. The rising sale of cosmetics in the region is estimated to support the growth of the LAMEA region's market due to its antioxidant skincare benefits.
The Brazil market dominated the LAMEA Lutein Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $11.2 Million by 2030. The Argentina market is estimated to grow at a CAGR of 9.6% during (2023-2030). Additionally, The UAE market would exhibit a CAGR of 8.8% during (2023-2030).
Based on Form, the market is segmented into Powder & Crystalline, Beadlet, Emulsion, and Oil Suspension. Based on Source, the market is segmented into Synthetic, and Natural. Based on Application, the market is segmented into Dietary Supplements, Beverages, Food, Animal Feed, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, Kemin Industries, Inc., E.I.D. Parry Limited (Murugappa Group), Merck KGaA, Piveg, Inc., Synthite Industries Pvt. Ltd., Dohler GmbH, Sabinsa Corporation (Sami-Sabinsa Group Ltd.), Fenchem Biotek Ltd., and India Glycols Limited
Lutein has been incorporated into several sectors due to the vast range of potential health advantages. The pharmaceutical industry uses lutein as a component in nutritional supplements. It is frequently added to supplements for eye health, together with other minerals, vitamins, and antioxidants. Lutein is a functional ingredient added by food & beverage companies to foods and drinks that promote eye health as well as general well-being. It is used in animal feed production, particularly for poultry and aquaculture.
Producers can improve the colouring of poultry skin, fish flesh, and egg yolks to make them more aesthetically pleasing to consumers by incorporating lutein into animal feed formulations. Lutein has also been used in the cosmetics and personal care industries. Due to its antioxidant qualities, it is a desirable ingredient for skincare products that aim for anti-aging and stress protection from the environment. It is added to creams, serums, lotions, and other cosmetic products to support skin health and luminosity.
The most important benefit of lutein for the skin is its potent antioxidant qualities, crucial for shielding it from dangerous free radicals everywhere in the environment. Additionally, research has shown that topical lutein advantages may unintentionally aid in increasing moisture retention and give anti-aging effects by effectively minimizing the degree of oxidative stress buildup in the skin.
In the Middle East & Africa, Saudi Arabia is a major market for cosmetics and personal care items. Customers in the nation frequently spend a lot of money on cosmetics and fragrances, which supports the industry's expansion. Brazil's sales are expected to rise due to factors like expanding digital penetration, greater consumer spending on beauty products, and other marketing initiatives by regional and local companies. The rising sale of cosmetics in the region is estimated to support the growth of the LAMEA region's market due to its antioxidant skincare benefits.
The Brazil market dominated the LAMEA Lutein Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $11.2 Million by 2030. The Argentina market is estimated to grow at a CAGR of 9.6% during (2023-2030). Additionally, The UAE market would exhibit a CAGR of 8.8% during (2023-2030).
Based on Form, the market is segmented into Powder & Crystalline, Beadlet, Emulsion, and Oil Suspension. Based on Source, the market is segmented into Synthetic, and Natural. Based on Application, the market is segmented into Dietary Supplements, Beverages, Food, Animal Feed, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, Kemin Industries, Inc., E.I.D. Parry Limited (Murugappa Group), Merck KGaA, Piveg, Inc., Synthite Industries Pvt. Ltd., Dohler GmbH, Sabinsa Corporation (Sami-Sabinsa Group Ltd.), Fenchem Biotek Ltd., and India Glycols Limited
Scope of the Study
By Form
- Powder & Crystalline
- Beadlet
- Emulsion
- Oil Suspension
By Source (Volume, Tonnes, USD Thousand, 2019-2030)
- Synthetic
- Natural
By Application (Volume, Tonnes, USD Thousand, 2019-2030)
- Dietary Supplements
- Beverages
- Food
- Animal Feed
- Others
By Country (Volume, Tonnes, USD Thousand, 2019-2030)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Kemin Industries, Inc.
- E.I.D. Parry Limited (Murugappa Group)
- Merck KGaA
- Piveg, Inc.
- Synthite Industries Pvt. Ltd.
- Dohler GmbH
- Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
- Fenchem Biotek Ltd.
- India Glycols Limited
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- Exhaustive coverage
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market At a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Lutein Market by Form
Chapter 5. LAMEA Lutein Market by Source
Chapter 6. LAMEA Lutein Market by Application
Chapter 7. LAMEA Lutein Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- BASF SE
- Kemin Industries, Inc.
- E.I.D. Parry Limited (Murugappa Group)
- Merck KGaA
- Piveg, Inc.
- Synthite Industries Pvt. Ltd.
- Dohler GmbH
- Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
- Fenchem Biotek Ltd.
- India Glycols Limited
Methodology
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