Lutein Market by Form (Powder & Crystalline, Oil Suspension, Beadlet, Emulsion), Source (Synthetic, Natural), Application (Dietary Supplements, Animal Feed, Food, Beverages,), Production Process and Region

The global market for lutein was valued at USD 371 million in 2023 and is projected to reach USD 488 million by 2028, at a CAGR of 5.6% during the forecast period. People are actively seeking out products that provide an additional dietary source of lutein beyond what they may consume through their regular diet. This increased awareness has resulted in a surge in demand for lutein as an ingredient in various eye, skin, and brain health products.

Asia Pacific is projected to witness the highest growth during the forecast period.

Asia Pacific is a major producer of lutein, with countries like China and India being significant contributors. These countries have well-established agricultural sectors and favorable climatic conditions for growing lutein-rich sources such as marigold flowers. The availability of a robust production base ensures a steady supply of lutein, supporting the region's position as a global leader in the market. Asia Pacific has witnessed significant investments in the nutraceutical and dietary supplement industries. Many companies in the region are focusing on research and development, product innovation, and marketing efforts to cater to the growing demand for lutein and related products. The investments in infrastructure and manufacturing capabilities have further strengthened the market position of Asia Pacific.

Powder & Crystalline is gaining rapid popularity in the lutein market across the globe.

Powdered and crystalline forms of lutein offer enhanced stability compared to liquid forms. Lutein is sensitive to heat, light, and oxygen, which can degrade its quality. By converting lutein into a powder or crystalline form, it becomes less prone to degradation, ensuring better preservation of its beneficial properties during storage and transportation. As well as, powdered and crystalline lutein can be easily incorporated into various formulations, including tablets, capsules, softgels, and functional foods. This versatility allows manufacturers to develop a wide range of lutein-containing products, catering to different consumer preferences and dietary needs.

The synthetic segment dominated the market for lutein market in 2022.

Synthetic lutein allows for precise control over the production process, resulting in a consistent and pure product. This level of control can be advantageous for specific applications where standardized lutein content is essential, such as pharmaceuticals or research purposes. And also Synthetic lutein can offer enhanced stability and a longer shelf life compared to its natural counterpart. This attribute may be important in situations where prolonged storage or specific manufacturing processes are involved.

The dietary supplement by application segment of the global lutein market is projected to have the largest market share.

With the aging population, people are becoming more conscious and aware of age-related problems. Cataracts and age-related macular degeneration (AMD) are the major illnesses faced by aged people which cause visual impairment and acquired blindness. This is due to the lack of intake of sufficient nutrients such as green leafy vegetables and egg yolks. This concern has boosted the demand for health supplements, thus fueling the growth of the lutein market. Health-conscious consumers rely on alternatives such as vitamin supplements for a balanced diet. People are now more health conscious and hence prefer dietary & health supplements to keep themselves healthy. They have become aware of the alternative channels to self-diagnose themselves and also take preventive measures to remain healthy. Such practices are significantly increasing the demand for supplements globally, which in turn drives the consumption of lutein.

The break-up of the profile of primary participants in the compound feed market:

By Company Type: Tier 1: 34%, Tier 2: 46%, Tier 3: 20%.
By Designation: Director-55%, C-level-35%, and others-10%
By Region: North America-35%, Europe-28%, Asia Pacific-20%, South America-12%, RoW-5%

Research Coverage:

this research report categorizes the lutein market by source (natural, synthetic). form (powder & crystalline, oil suspension, beadlet, emulsion), application (food, beverage, dietary supplements, animal feed, other applications), production process (chemical synthesis, extraction from botanical material, fragmentation, algae route), and region (North America, Europe, Asia Pacific, The Middle East & Africa, and South America). the scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the lutein market.

A detailed analysis of the key industry players has been done to provide insights into their business overview, products, and services; key strategies; contracts, partnerships, & agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the lutein market. Competitive analysis of upcoming startups in the lutein market ecosystem is covered in this report.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall lutein market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Increase in scope of application), restraints (Harmful effects of high doses of lutein), opportunities (Expanding Market Opportunities with Versatile Physicochemical Functions), and challenges (Low cost-competitiveness from Asian countries) influencing the growth of the lutein market.
Product Development/Innovation: Detailed insights on research & development activities, and new product & service launches in the lutein market.
Market Development: Comprehensive information about lucrative markets - the report analyses the lutein market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the lutein market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players BASF SE (Germany), India Glycols Limited. (India), Kemin Industries, Inc. (US), E.I.D. Parry (India) Limited (India), Divi’s Laboratories (India) and among others, among others in the lutein market strategies.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
Figure 1 Lutein Market Segmentation
1.3.1 Inclusions and Exclusions
Figure 2 Regional Segmentation
1.4 Years Considered
1.5 Currency Considered
1.5.1 Currency Unit
Table 1 US Dollar Exchange Rates Considered, 2018-2022
1.5.2 Volume Unit
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Recession Impact Analysis

2 Research Methodology

2.1 Research Data
Figure 3 Lutein Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primary Sources
2.1.2.3 Key Primary Insights
2.2 Market Size Estimation
2.2.1 Approach One: Bottom-Up (Based on Form, by Region)
2.2.2 Approach Two: Top-Down (Based on Global Market)
2.3 Data Triangulation
Figure 4 Data Triangulation Methodology
2.4 Recession Impact Analysis
2.5 Research Assumptions
2.6 Limitations and Risk Assessment

3 Executive Summary

Table 2 Global Lutein Market Snapshot, 2023 vs. 2028
Figure 5 Lutein Market, by Form, 2023 vs. 2028
Figure 6 Lutein Market, by Source, 2023 vs. 2028
Figure 7 Lutein Market, by Application, 2023 vs. 2028 (USD Million)
Figure 8 Lutein Market, by Region

4 Premium Insights

4.1 Opportunities for Players in Lutein Market
Figure 9 Rising Demand for Healthy Functional Foods to Propel Market Growth
4.2 Europe: Lutein Market, by Source and Country
Figure 10 Synthetic Segment and US to Account for Significant Share in 2023
4.3 Lutein Market, by Application and Region
Figure 11 Dietary Supplements Segment to Account for Largest Share in 2023
4.4 Lutein Market: Major Regional Submarkets
Figure 12 Europe to Account for Largest Share in 2023

5 Market Overview

5.1 Introduction
5.2 Macro-Economic Factors
5.2.1 Booming Demand for Lutein Supplements Among Aging Population
Figure 13 Percentage of Total Elderly Population, 2000-2021
5.3 Market Dynamics
Figure 14 Expanding Applications to Drive Market Growth
5.3.1 Drivers
5.3.1.1 Increase in Scope of Application
Figure 15 Global Feed Market, by Livestock, 2021
5.3.1.2 Growing Demand for Natural and Functional Ingredients
5.3.1.3 Rising Demand for Natural Colorants
5.3.2 Restraints
5.3.2.1 Harmful Effects of High Doses of Lutein
5.3.2.2 Stringent Regulations for Lutein Ingredients
5.3.3 Opportunities
5.3.3.1 Expanding Market Opportunities with Versatile Physicochemical Functions
5.3.3.2 Awareness Regarding Medical Applications of Lutein
5.3.4 Challenges
5.3.4.1 Competition and Product Differentiation in Lutein Industry
5.3.4.2 Low Cost-Competitiveness from Asian Countries
5.3.4.3 Supply Constraints in Lutein Market: Cultivating Sustainable Growth and Market Stability

6 Industry Trends

6.1 Introduction
6.2 Tariff and Regulatory Landscape
6.2.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 3 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 4 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 5 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 South America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Rest of the World: Regulatory Bodies, Government Agencies, and Other Organizations
6.2.2 Country-Wise Regulatory Authorities for Lutein in Food
6.2.2.1 North America
6.2.2.1.1 US
6.2.2.1.2 Canada
6.2.2.2 Europe
6.2.2.3 Asia-Pacific
6.2.2.3.1 Japan
6.2.2.3.2 China
6.2.2.4 South America
6.2.2.4.1 Brazil
6.3 Patent Analysis
Table 8 List of Major Patents Pertaining to Lutein Market, 2013-2023
Figure 16 Number of Patents Granted for Lutein in Global Market, 2013-2022
Figure 17 Regional Analysis of Patents Granted in Lutein Market, 2013-2023
6.4 Value Chain Analysis
Figure 18 Lutein Market: Value Chain Analysis
6.4.1 Sourcing of Raw Materials
6.4.2 Extraction, Purification, and Concentration
6.4.3 Formulation & Product Development
6.4.4 Manufacturing, Packaging, and Labeling
6.4.5 Distribution & Marketing
6.4.6 Consumer
6.5 Trends/Disruptions Impacting Businesses of Customers
Figure 19 Revenue Shift for Lutein Market
6.6 Ecosystem
Figure 20 Lutein: Market Map
Table 9 Lutein Market Ecosystem
6.7 Trade Analysis
Figure 21 Import Value of Coloring Matter of Vegetable or Animal Origin, Incl. Dye Extracts (Excluding Animal Black) 2018-2022
Table 10 Import Value of Coloring Matter of Vegetable or Animal Origin, Incl. Dye Extracts (Excluding Animal Black) 2022 (USD Thousand)
Figure 22 Export Value of Coloring Matter of Vegetable or Animal Origin, Incl. Dye Extracts (Excluding Animal Black) 2018-2022
Table 11 Export Value of Coloring Matter of Vegetable or Animal Origin, Incl. Dye Extracts (Excluding Animal Black) 2022 (USD Thousand)
6.8 Pricing Analysis
Figure 23 Average Selling Price Trend, by Region, 2019-2022 (USD/Ton)
Table 12 Average Selling Price Analysis: Lutein Market, by Form, 2019-2022 (USD/Ton)
6.9 Technology Analysis
6.9.1 Encapsulation of Lutein Via Microfluidic Technology
6.10 Porter's Five Forces Analysis
Table 13 Lutein Market: Porter's Five Forces Analysis
6.10.1 Intensity of Competitive Rivalry
6.10.2 Bargaining Power of Suppliers
6.10.3 Bargaining Power of Buyers
6.10.4 Threat of Substitutes
6.10.5 Threat of New Entrants

7 Lutein Market, by Form

7.1 Introduction
Table 14 Lutein Market, by Form, 2019-2022 (USD Million)
Table 15 Lutein Market, by Form, 2023-2028 (USD Million)
Table 16 Lutein Market, by Form, 2019-2022 (Tons)
Table 17 Lutein Market, by Form, 2023-2028 (Tons)
Figure 24 Powder & Crystalline Segment Projected to Dominate Market Through 2028
7.2 Powder & Crystalline
7.2.1 Lutein Powder to Drive Market Because of Its Use in Various Applications
Table 18 Powder & Crystalline Market, by Region, 2019-2022 (USD Million)
Table 19 Powder & Crystalline Market, by Region, 2023-2028 (USD Million)
Table 20 Powder & Crystalline Market, by Region, 2019-2022 (Tons)
Table 21 Powder & Crystalline Market, by Region, 2023-2028 (Tons)
7.3 Oil Suspension
7.3.1 Characteristics and Applications of Lutein Oil Suspensions in Food, Feed, and Pharmaceuticals to Drive Market
Table 22 Oil Suspension Market, by Region, 2019-2022 (USD Million)
Table 23 Oil Suspension Market, by Region, 2023-2028 (USD Million)
Table 24 Oil Suspension Market, by Region, 2019-2022 (Tons)
Table 25 Oil Suspension Market, by Region, 2023-2028 (Tons)
7.4 Beadlet
7.4.1 Growing Carotenoid Needs in Healthcare and Pharmaceuticals to Fuel Demand for Lutein
Table 26 Beadlet Market, by Region, 2019-2022 (USD Million)
Table 27 Beadlet Market, by Region, 2023-2028 (USD Million)
Table 28 Beadlet Market, by Region, 2019-2022 (Tons)
Table 29 Beadlet Market, by Region, 2023-2028 (Tons)
7.5 Emulsion
7.5.1 Need to Fortify Food & Beverage Products to Fuel Demand for Lutein Emulsions
Table 30 Emulsion Market, by Region, 2019-2022 (USD Million)
Table 31 Emulsion Market, by Region, 2023-2028 (USD Million)
Table 32 Emulsion Market, by Region, 2019-2022 (Tons)
Table 33 Emulsion Market, by Region, 2023-2028 (Tons)

8 Lutein Market, by Source

8.1 Introduction
Table 34 Lutein Market Size, by Source, 2019-2022 (USD Million)
Table 35 Lutein Market Size, by Source, 2023-2028 (USD Million)
Figure 25 Synthetic Segment Projected to Dominate Lutein Market Through 2028
8.2 Natural
8.2.1 Growing Demand for Natural Lutein and Its Sources to Drive Market
Table 36 Natural Lutein Market, by Region, 2019-2022 (USD Million)
Table 37 Natural Lutein Market, by Region, 2023-2028 (USD Million)
8.3 Synthetic
8.3.1 Demand for Synthetic Lutein to Increase due to Its Low Price
Table 38 Synthetic Lutein Market, by Region, 2019-2022 (USD Million)
Table 39 Synthetic Lutein Market, by Region, 2023-2028 (USD Million)

9 Lutein Market, by Application

9.1 Introduction
Table 40 Lutein Market, by Application, 2019-2022 (USD Million)
Table 41 Lutein Market, by Application, 2023-2028 (USD Million)
Figure 26 Dietary Supplements Segment Expected to Dominate Market During Forecast Period
9.2 Food
9.2.1 Extensive Use of Lutein in Food to Fuel Market
Table 42 Food: Lutein Market, by Region, 2019-2022 (USD Million)
Table 43 Food: Lutein Market, by Region, 2023-2028 (USD Million)
Table 44 Food: Lutein Market, by Sub-Type, 2019-2022 (USD Million)
Table 45 Food: Lutein Market, by Sub-Type, 2023-2028 (USD Million)
9.2.2 Bakery & Confectionery Products
Table 46 Bakery & Confectionery Products: Lutein Market, by Region, 2019-2022 (USD Million)
Table 47 Bakery & Confectionery Products: Lutein Market, by Region, 2023-2028 (USD Million)
9.2.3 Infant Formula & Formulated Supplementary Food Products
Table 48 Infant Formula & Formulated Supplementary Food Products: Lutein Market, by Region, 2019-2022 (USD Million)
Table 49 Infant Formula & Formulated Supplementary Food Products: Lutein Market, by Region, 2023-2028 (USD Million)
9.2.4 Dairy Products
Table 50 Dairy Products: Lutein Market, by Region, 2019-2022 (USD Million)
Table 51 Dairy Products: Lutein Market, by Region, 2023-2028 (USD Million)
9.2.5 Other Food Applications
Table 52 Other Food Applications: Lutein Market, by Region, 2019-2022 (USD Million)
Table 53 Other Food Applications: Lutein Market, by Region, 2023-2028 (USD Million)
9.3 Beverages
9.3.1 Rising Consumer Demand for Beverages to Drive Market Growth
Table 54 Beverages: Lutein Market, by Region, 2019-2022 (USD Million)
Table 55 Beverages: Lutein Market, by Region, 2023-2028 (USD Million)
Table 56 Beverages: Lutein Market, by Sub-Type, 2019-2022 (USD Million)
Table 57 Beverages: Lutein Market, by Sub-Type, 2023-2028 (USD Million)
9.3.2 Aerated & Carbonated Drinks
Table 58 Aerated & Carbonated Drinks: Lutein Market, by Region, 2019-2022 (USD Million)
Table 59 Aerated & Carbonated Drinks: Lutein Market, by Region, 2023-2028 (USD Million)
9.3.3 Rtd Beverages
Table 60 Rtd Beverages: Lutein Market, by Region, 2019-2022 (USD Million)
Table 61 Rtd Beverages: Lutein Market, by Region, 2023-2028 (USD Million)
9.3.4 Sports & Energy Drinks
Table 62 Sports & Energy Drinks: Lutein Market, by Region, 2019-2022 (USD Million)
Table 63 Sports & Energy Drinks: Lutein Market, by Region, 2023-2028 (USD Million)
9.3.5 Juice Concentrates & Fruit Juices
Table 64 Juice Concentrates & Fruit Juices: Lutein Market, by Region, 2019-2022 (USD Million)
Table 65 Juice Concentrates & Fruit Juices: Lutein Market, by Region, 2023-2028 (USD Million)
9.3.6 Other Beverage Applications
Table 66 Other Beverage Applications: Lutein Market, by Region, 2019-2022 (USD Million)
Table 67 Other Beverage Applications: Lutein Market, by Region, 2023-2028 (USD Million)
9.4 Dietary Supplements
9.4.1 Rising Demand for Health Supplements to Fuel Market Growth
Table 68 Dietary Supplements: Lutein Market, by Region, 2019-2022 (USD Million)
Table 69 Dietary Supplements: Lutein Market, by Region, 2023-2028 (USD Million)
9.5 Animal Feed
9.5.1 Growing Health Awareness and Rising Spending Capacity to Boost Market
Table 70 Animal Feed: Lutein Market, by Region, 2019-2022 (USD Million)
Table 71 Animal Feed: Lutein Market, by Region, 2023-2028 (USD Million)
9.6 Other Applications
9.6.1 Pharmaceuticals
9.6.1.1 Diverse Properties of Lutein in Pharmaceuticals to Fuel Market Demand
9.6.2 Personal Care Products
9.6.2.1 Rising Demand for Lutein in Personal Care Products to Spur Market Growth
Table 72 Other Applications: Lutein Market, by Region, 2019-2022 (USD Million)
Table 73 Other Applications: Lutein Market, by Region, 2023-2028 (USD Million)

10 Lutein Market, by Production Process

10.1 Introduction
10.2 Chemical Synthesis
10.2.1 Advancing Lutein Production Techniques to Drive Market
10.3 Extraction from Botanical Material
10.3.1 Diverse Botanical Extractions Exploring Lutein Recovery Methods to Fuel Market
Table 74 Scientific, Family, and Common Name of Botanical Sources
10.4 Fermentation
10.4.1 Cost-Effective Approach for Lutein Extraction to Drive Market Growth
10.5 Algae Route
10.5.1 Algae-Driven Innovation and Advancing Lutein Production Methods to be New Revenue Pockets

11 Lutein Market, by Region

11.1 Introduction
Figure 27 Geographic Snapshot (2019-2022): Markets in North America Projected to Register Moderate Growth
Table 75 Lutein Market, by Region, 2019-2022 (USD Million)
Table 76 Lutein Market, by Region, 2023-2028 (USD Million)
Table 77 Lutein Market, by Region, 2019-2022 (Kt)
Table 78 Lutein Market, by Region, 2023-2028 (Kt)
11.2 Macro Indicators of Recession
Figure 28 Indicators of Recession
Figure 29 World Inflation Rate: 2011-2021
Figure 30 Global GDP: 2011-2021 (USD Trillion)
Figure 31 Recession Indicators and Their Impact on Market
Figure 32 Global Lutein Market: Earlier Forecast vs. Recession Forecast
11.3 North America
11.3.1 North America: Recession Impact Analysis
Figure 33 Inflation: Country-Level Data (2018-2021)
Figure 34 North American Lutein Market: Recession Impact Analysis
Table 79 North America: Lutein Market, by Country, 2019-2022 (USD Million)
Table 80 North America: Lutein Market, by Country, 2023-2028 (USD Million)
Table 81 North America: Lutein Market, by Form, 2019-2022 (USD Million)
Table 82 North America: Lutein Market, by Form, 2023-2028 (USD Million)
Table 83 North America: Lutein Market, by Form, 2019-2022 (Tons)
Table 84 North America: Lutein Market, by Form, 2023-2028 (Tons)
Table 85 North America: Lutein Market, by Source, 2019-2022 (USD Million)
Table 86 North America: Lutein Market, by Source, 2023-2028 (USD Million)
Table 87 North America: Lutein Market, by Application, 2019-2022 (USD Million)
Table 88 North America: Lutein Market, by Application, 2023-2028 (USD Million)
Table 89 North America: Lutein Market, by Food Sub-Type, 2019-2022 (USD Million)
Table 90 North America: Lutein Market, by Food Sub-Type, 2023-2028 (USD Million)
Table 91 North America: Lutein Market, by Beverages Sub-Type, 2019-2022 (USD Million)
Table 92 North America: Lutein Market, by Beverages Sub-Type, 2023-2028 (USD Million)
11.3.2 US
11.3.2.1 Lutein to Find Extensive Applications in Healthcare
Table 93 US: Lutein Market, by Form, 2019-2022 (USD Million)
Table 94 US: Lutein Market, by Form, 2023-2028 (USD Million)
11.3.3 Canada
11.3.3.1 Increased Pharmaceutical Utilization to Drive Lutein Market
Table 95 Canada: Lutein Market, by Form, 2019-2022 (USD Million)
Table 96 Canada: Lutein Market, by Form, 2023-2028 (USD Million)
11.3.4 Mexico
11.3.4.1 Rising Popularity of Lutein in Mexico to Fuel Market
Table 97 Mexico: Lutein Market, by Form, 2019-2022 (USD Million)
Table 98 Mexico: Lutein Market, by Form, 2023-2028 (USD Million)
11.4 Europe
Figure 35 Europe: Market Snapshot
11.4.1 Europe: Recession Impact Analysis
Figure 36 Inflation: Country-Level Data (2018-2021)
Figure 37 European Lutein Market: Recession Impact Analysis
Table 99 Europe: Lutein Market, by Country, 2019-2022 (USD Million)
Table 100 Europe: Lutein Market, by Country, 2023-2028 (USD Million)
Table 101 Europe: Lutein Market, by Form, 2019-2022 (USD Million)
Table 102 Europe: Lutein Market, by Form, 2023-2028 (USD Million)
Table 103 Europe: Lutein Market, by Form, 2019-2022 (Tons)
Table 104 Europe: Lutein Market, by Form, 2023-2028 (Tons)
Table 105 Europe: Lutein Market, by Source, 2019-2022 (USD Million)
Table 106 Europe: Lutein Market, by Source, 2023-2028 (USD Million)
Table 107 Europe: Lutein Market, by Application, 2019-2022 (USD Million)
Table 108 Europe: Lutein Market, by Application, 2023-2028 (USD Million)
Table 109 Europe: Lutein Market, by Food Sub-Type, 2019-2022 (USD Million)
Table 110 Europe: Lutein Market, by Food Sub-Type, 2023-2028 (USD Million)
Table 111 Europe: Lutein Market, by Beverages Sub-Type, 2019-2022 (USD Million)
Table 112 Europe: Lutein Market, by Beverages Sub-Type, 2023-2028 (USD Million)
11.4.2 Germany
11.4.2.1 Surge in Demand for Plant-based Food Products to Drive Market
Table 113 Germany: Lutein Market, by Form, 2019-2022 (USD Million)
Table 114 Germany: Lutein Market, by Form, 2023-2028 (USD Million)
11.4.3 France
11.4.3.1 Growing Demand for Natural Food Colors to Drive Market
Table 115 France: Lutein Market, by Form, 2019-2022 (USD Million)
Table 116 France: Lutein Market, by Form, 2023-2028 (USD Million)
11.4.4 Italy
11.4.4.1 Consumer Shift Toward Processed Food Products to Drive Market
Table 117 Italy: Lutein Market, by Form, 2019-2022 (USD Million)
Table 118 Italy: Lutein Market, by Form, 2023-2028 (USD Million)
11.4.5 Spain
11.4.5.1 Rising Consumer Inclination Toward Incorporating Dietary Supplements to Drive Market
Table 119 Spain: Lutein Market, by Form, 2019-2022 (USD Million)
Table 120 Spain: Lutein Market, by Form, 2023-2028 (USD Million)
11.4.6 Netherlands
11.4.6.1 Increased Consumer Preferences for High-Quality & Visually Appealing Meat and Seafood to Drive Market
Table 121 Netherlands: Lutein Market, by Form, 2019-2022 (USD Million)
Table 122 Netherlands: Lutein Market, by Form, 2023-2028 (USD Million)
11.4.7 Rest of Europe
Table 123 Rest of Europe: Lutein Market, by Form, 2019-2022 (USD Million)
Table 124 Rest of Europe: Lutein Market, by Form, 2023-2028 (USD Million)
11.5 Asia-Pacific
Figure 38 Asia-Pacific: Market Snapshot
11.5.1 Asia-Pacific: Recession Impact Analysis
Figure 39 Inflation: Country-Level Data (2018-2021)
Figure 40 Asia-Pacific Lutein Market: Recession Impact Analysis
Table 125 Asia-Pacific: Lutein Market, by Country, 2019-2022 (USD Million)
Table 126 Asia-Pacific: Lutein Market, by Country, 2023-2028 (USD Million)
Table 127 Asia-Pacific: Lutein Market, by Form, 2019-2022 (USD Million)
Table 128 Asia-Pacific: Lutein Market, by Form, 2023-2028 (USD Million)
Table 129 Asia-Pacific: Lutein Market, by Form, 2019-2022 (Tons)
Table 130 Asia-Pacific: Lutein Market, by Form, 2023-2028 (Tons)
Table 131 Asia-Pacific: Lutein Market, by Source, 2019-2022 (USD Million)
Table 132 Asia-Pacific: Lutein Market, by Source, 2023-2028 (USD Million)
Table 133 Asia-Pacific: Lutein Market, by Application, 2019-2022 (USD Million)
Table 134 Asia-Pacific: Lutein Market, by Application, 2023-2028 (USD Million)
Table 135 Asia-Pacific: Lutein Market, by Food Sub-Type, 2019-2022 (USD Million)
Table 136 Asia-Pacific: Lutein Market, by Food Sub-Type, 2023-2028 (USD Million)
Table 137 Asia-Pacific: Lutein Market, by Beverages Sub-Type, 2019-2022 (USD Million)
Table 138 Asia-Pacific: Lutein Market, by Beverages Sub-Type, 2023-2028 (USD Million)
11.5.2 China
11.5.2.1 China's Commitment to Public Health and Healthy China 2030 Initiative to Fuel Market Growth
Table 139 China: Lutein Market, by Form, 2019-2022 (USD Million)
Table 140 China: Lutein Market, by Form, 2023-2028 (USD Million)
11.5.3 India
11.5.3.1 Increasing Prevalence of Age-Related Eye Disorders, Particularly Amd, to Boost Market
Table 141 India: Lutein Market, by Form, 2019-2022 (USD Million)
Table 142 India: Lutein Market, by Form, 2023-2028 (USD Million)
11.5.4 Japan
11.5.4.1 Emphasis on Maintaining Overall Well-Being in Busy Lifestyle to Propel Market Growth
Table 143 Japan: Lutein Market, by Form, 2019-2022 (USD Million)
Table 144 Japan: Lutein Market, by Form, 2023-2028 (USD Million)
11.5.5 Australia & New Zealand
11.5.5.1 Lutein's Rising Popularity in Australia & New Zealand to Fuel Demand in Multiple Sectors
Table 145 Australia & New Zealand: Lutein Market, by Form, 2019-2022 (USD Million)
Table 146 Australia & New Zealand: Lutein Market, by Form, 2023-2028 (USD Million)
11.5.6 Rest of Asia-Pacific
Table 147 Rest of Asia-Pacific: Lutein Market, by Form, 2019-2022 (USD Million)
Table 148 Rest of Asia-Pacific: Lutein Market, by Form, 2023-2028 (USD Million)
11.6 South America
11.6.1 South America: Recession Impact Analysis
Figure 41 Inflation: Country-Level Data (2018-2021)
Figure 42 South American Lutein Market: Recession Impact Analysis
Table 149 South America: Lutein Market, by Country, 2019-2022 (USD Million)
Table 150 South America: Lutein Market, by Country, 2023-2028 (USD Million)
Table 151 South America: Lutein Market, by Form, 2019-2022 (USD Million)
Table 152 South America: Lutein Market, by Form, 2023-2028 (USD Million)
Table 153 South America: Lutein Market, by Form, 2019-2022 (Tons)
Table 154 South America: Lutein Market, by Form, 2023-2028 (Tons)
Table 155 South America: Lutein Market, by Source, 2019-2022 (USD Million)
Table 156 South America: Lutein Market, by Source, 2023-2028 (USD Million)
Table 157 South America: Lutein Market, by Application, 2019-2022 (USD Million)
Table 158 South America: Lutein Market, by Application, 2023-2028 (USD Million)
Table 159 South America: Lutein Market, by Food Sub-Type, 2019-2022 (USD Million)
Table 160 South America: Lutein Market, by Food Sub-Type, 2023-2028 (USD Million)
Table 161 South America: Lutein Market, by Beverages Sub-Type, 2019-2022 (USD Million)
Table 162 South America: Lutein Market, by Beverages Sub-Type, 2023-2028 (USD Million)
11.6.2 Brazil
11.6.2.1 Increased Consumption of Processed & Frozen Foods to Drive Market Growth
Table 163 Brazil: Lutein Market, by Form, 2019-2022 (USD Million)
Table 164 Brazil: Lutein Market, by Form, 2023-2028 (USD Million)
11.6.3 Argentina
11.6.3.1 Increased Demand for Cancer Prevention to Drive Market Growth
Table 165 Argentina: Lutein Market, by Form, 2019-2022 (USD Million)
Table 166 Argentina: Lutein Market, by Form, 2023-2028 (USD Million)
11.6.4 Rest of South America
Table 167 Rest of South America: Lutein Market, by Form, 2019-2022 (USD Million)
Table 168 Rest of South America: Lutein Market, by Form, 2023-2028 (USD Million)
11.7 Rest of the World (RoW)
11.7.1 RoW: Recession Impact Analysis
Figure 43 Inflation: Country-Level Data (2017-2021)
Figure 44 RoW Lutein Market: Recession Impact Analysis
Table 169 RoW: Lutein Market, by Country, 2019-2022 (USD Million)
Table 170 RoW: Lutein Market, by Country, 2023-2028 (USD Million)
Table 171 RoW: Lutein Market, by Form, 2019-2022 (USD Million)
Table 172 RoW: Lutein Market, by Form, 2023-2028 (USD Million)
Table 173 RoW: Lutein Market, by Form, 2019-2022 (Tons)
Table 174 RoW: Lutein Market, by Form, 2023-2028 (Tons)
Table 175 RoW: Lutein Market, by Source, 2019-2022 (USD Million)
Table 176 RoW: Lutein Market, by Source, 2023-2028 (USD Million)
Table 177 RoW: Lutein Market, by Application, 2019-2022 (USD Million)
Table 178 RoW: Lutein Market, by Application, 2023-2028 (USD Million)
Table 179 RoW: Lutein Market, by Food Sub-Type, 2019-2022 (USD Million)
Table 180 RoW: Lutein Market, by Food Sub-Type, 2023-2028 (USD Million)
Table 181 RoW: Lutein Market, by Beverages Sub-Type, 2019-2022 (USD Million)
Table 182 RoW: Lutein Market, by Beverages Sub-Type, 2023-2028 (USD Million)
11.7.2 Africa
11.7.2.1 Growing Popularity of Lutein to Fuel Market Growth
Table 183 Africa: Lutein Market, by Form, 2019-2022 (USD Million)
Table 184 Africa: Lutein Market, by Form, 2023-2028 (USD Million)
11.7.3 Middle East
11.7.3.1 Rising Demand for Natural Food Products to Drive Market
Table 185 Middle East: Lutein Market, by Form, 2019-2022 (USD Million)
Table 186 Middle East: Lutein Market, by Form, 2023-2028 (USD Million)

12 Competitive Landscape

12.1 Overview
12.2 Market Share Analysis, 2022
Table 187 Lutein Market: Degree of Competition (Competitive)
12.3 Strategies Adopted by Key Players
Table 188 Strategies Adopted by Key Players
12.4 Segmental Revenue Analysis of Key Players
Table 189 Segmental Revenue Analysis of Key Players in the Market, 2018-2022 (USD Billion)
12.5 Company Evaluation Quadrant (Key Players)
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
Figure 45 Lutein Market: Company Evaluation Quadrant, 2022 (Key Players)
12.5.5 Product Footprint
Table 190 Company Footprint, by Form
Table 191 Company Footprint, by Application
Table 192 Company Footprint, by Region
Table 193 Overall Company Footprint
12.6 Lutein Market, Evaluation Quadrant for Startups/SMEs, 2022
12.6.1 Progressive Companies
12.6.2 Starting Blocks
12.6.3 Responsive Companies
12.6.4 Dynamic Companies
Figure 46 Lutein Market: Company Evaluation Quadrant, 2022 (Start-Up/SME)
12.6.5 Competitive Benchmarking of Key Startups/SMEs
Table 194 Lutein Market: Detailed List of Key Startups/SMEs
Table 195 Lutein Market: Competitive Benchmarking of Key Startups/SMEs
12.7 Product Launches, Deals, and Other Developments
12.7.1 Product Launches
Table 196 Lutein: Product Launches
12.7.2 Deals
Table 197 Lutein: Deals
12.7.3 Others
Table 198 Lutein: Others

13 Company Profiles

(Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View)*
13.1 Key Players
13.1.1 BASF SE
Table 199 BASF SE: Company Overview
Figure 47 BASF SE: Company Snapshot
13.1.2 India Glycols Limited
Table 200 India Glycols Limited: Business Overview
Figure 48 India Glycols Limited: Company Snapshot
13.1.3 Kemin Industries, Inc.
Table 201 Kemin Industries, Inc.: Business Overview
Table 202 Kemin Industries, Inc.: Deals
Table 203 Kemin Industries, Inc.: Others
13.1.4 E.I.D. - Parry (India) Limited
Table 204 E.I.D. - Parry (India) Limited: Business Overview
Figure 49 E.I.D. - Parry (India) Limited: Company Snapshot
13.1.5 Divi's Laboratories
Table 205 Divi's Laboratories: Business Overview
Figure 50 Divi's Laboratories: Company Snapshot
13.1.6 Merck KGaA
Table 206 Merck KGaA: Business Overview
Figure 51 Merck KGaA: Company Snapshot
13.1.7 Piveg, Inc.
Table 207 Piveg, Inc.: Business Overview
13.1.8 Omniactive Health Technologies
Table 208 Omniactive Health Technologies: Business Overview
Table 209 Omniactive Health Technologies: Product Launches
Table 210 Omniactive Health Technologies: Deals
13.1.9 Synthite Industries Ltd.
Table 211 Synthite Industries Ltd.: Business Overview
13.1.10 Zhejiang Medicine Co. Ltd.
Table 212 Zhejiang Medicine Co. Ltd.: Business Overview
13.1.11 Döhler
Table 213 Döhler: Business Overview
13.1.12 Lycored
Table 214 Lycored: Business Overview
13.1.13 Allied Biotech Corporation
Table 215 Allied Biotech Corporation: Business Overview
13.1.14 Sabinsa
Table 216 Sabinsa: Business Overview
Table 217 Sabinsa: Others
13.1.15 Fenchem
Table 218 Fenchem: Business Overview
13.2 Startups/SMEs
13.2.1 Panacea Phytoextracts Pvt. Ltd.
Table 219 Panacea Phytoextracts Pvt. Ltd.: Business Overview
13.2.2 Prakruti Products Pvt. Ltd.
Table 220 Prakruti Products Pvt. Ltd.: Business Overview
13.2.3 Olive Lifesciences Pvt Ltd.
Table 221 Olive Lifesciences Pvt Ltd.: Business Overview
13.2.4 Biomed Ingredients
Table 222 Bio Med Ingredients: Business Overview
13.2.5 Katra Phytochem Pvt Ltd.
Table 223 Katra Phytochem Pvt Ltd.: Business Overview
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.

14 Adjacent and Related Markets

14.1 Introduction
Table 229 Adjacent Markets
14.2 Research Limitations
14.3 Carotenoids Market
14.3.1 Market Definition
14.3.2 Market Overview
Table 230 Carotenoids Market, by Type, 2017-2026 (USD Million)
14.4 Feed Additives Market
14.4.1 Market Definition
14.4.2 Market Overview
Table 231 Feed Additives Market, by Type, 2017-2020 (USD Million)
Table 232 Feed Additives Market, by Type, 2021-2026 (USD Million)

15 Appendix

15.1 Discussion Guide

Companies Mentioned

Allied Biotech Corporation
BASF SE
Biomed Ingredients
Divi's Laboratories
Döhler
E.I.D. - Parry (India) Limited
Fenchem
India Glycols Limited
Katra Phytochem Pvt Ltd.
Kemin Industries, Inc.
Lycored
Merck KGaA
Olive Lifesciences Pvt Ltd.
Omniactive Health Technologies
Panacea Phytoextracts Pvt. Ltd.
Piveg, Inc.
Prakruti Products Pvt. Ltd.
Sabinsa
Synthite Industries Ltd.
Zhejiang Medicine Co. Ltd.

Methodology

LOADING...

Table Information

Report Attribute	Details
No. of Pages	242
Published	July 2023
Forecast Period	2023 - 2028
Estimated Market Value ( USD ) in 2023	$ 371 Million
Forecasted Market Value ( USD ) by 2028	$ 488 Million
Compound Annual Growth Rate	5.6%
Regions Covered	Global
No. of Companies Mentioned	20

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€4918EUR$4,950USD£4,089GBP
1 - 5 USER LICENSE PDF	The product is a PDF.	This is a 1-5 user license, allowing up to five users have access to the product.	€6606EUR$6,650USD£5,493GBP
SITE LICENSE PDF	The product is a PDF.	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€8097EUR$8,150USD£6,732GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€9934EUR$10,000USD£8,260GBP

Lutein Market by Form (Powder & Crystalline, Oil Suspension, Beadlet, Emulsion), Source (Synthetic, Natural), Application (Dietary Supplements, Animal Feed, Food, Beverages,), Production Process and Region - Forecast to 2028

Asia Pacific is projected to witness the highest growth during the forecast period.

Powder & Crystalline is gaining rapid popularity in the lutein market across the globe.

The synthetic segment dominated the market for lutein market in 2022.

The dietary supplement by application segment of the global lutein market is projected to have the largest market share.

The break-up of the profile of primary participants in the compound feed market:

Research Coverage:

Table of Contents

Companies Mentioned

Methodology

Table Information

Asia Pacific is projected to witness the highest growth during the forecast period.

Powder & Crystalline is gaining rapid popularity in the lutein market across the globe.

The synthetic segment dominated the market for lutein market in 2022.

The dietary supplement by application segment of the global lutein market is projected to have the largest market share.

The break-up of the profile of primary participants in the compound feed market:

Research Coverage:

Table of Contents

Companies Mentioned

Methodology

Table Information

Related Topics

Related Reports

Lutein Market by Form, Process, Source, Application - Global Forecast 2025-2030

Lutein Market Outlook Report: Industry Size, Competition, Trends and Growth Opportunities by Region, YoY Forecasts from 2024 to 2031

Lutein Supplements Market Outlook Report: Industry Size, Competition, Trends and Growth Opportunities by Region, YoY Forecasts from 2024 to 2031

Lutein - Global Strategic Business Report

Synthetic Lutein Global Market Insights 2024, Analysis and Forecast to 2029, by Manufacturers, Regions, Technology, Application, Product Type