Lutein Market by Form, Process, Source, Application

List of Tables

[191 Pages Report] The Lutein Market size was estimated at USD 452.28 million in 2023 and expected to reach USD 509.84 million in 2024, at a CAGR 13.21% to reach USD 1,078.18 million by 2030.

Lutein is a naturally available carotenoid pigment that is an essential nutrient for maintaining optimal eye health, inhibits age-related macular degeneration (AMD), and protects against harmful blue light. It belongs to the xanthophyll sub-group of carotenoids known for its antioxidant properties. The increasing cases of age-related ocular disorders such as AMD, the rising geriatric population, and growing awareness about preventive healthcare measures increase the need for lutein. However, stringent regulations on product approval due to safety concerns and variations in raw material prices affect the growth of the lutein market. Nevertheless, developing innovative delivery systems for better bioavailability and efficacy of lutein-containing products is expected to create potential opportunities for the lutein market.

KEY MARKET STATISTICS
Base Year [2023]	USD 452.28 million
Estimated Year [2024]	USD 509.84 million
Forecast Year [2030]	USD 1,078.18 million
CAGR (%)	13.21%

Form: Increasing adoption of beadlets offering high absorption rates due to their larger surface area

Beadlets are microencapsulated lutein particles that provide stability and uniformity and can be easily blended with other ingredients without affecting their properties, which is suitable for tablet and capsule formulations. Furthermore, beadlets facilitate better lutein absorption due to their larger surface area than other forms. Emulsions containing lutein are water-based systems that help improve the solubility and bioavailability of this lipophilic compound. Emulsions are used in liquid dietary supplements or functional beverages due to their ease of incorporation into water-based products. Lutein oil suspensions consist of crystals dispersed in edible oils, including sunflower or soybean oil. This formulation enhances the bioavailability of lutein due to improved solubility in lipids. Powders can be easily mixed with other ingredients to create custom formulations for dietary supplements or functional foods. Crystalline lutein exhibits higher stability than other forms and requires additional processing steps to improve its solubility and bioavailability.

Process: Rising utilization of fermentation-based processes owing to minimal environmental impact

The algae route is an eco-friendly and sustainable method of lutein production, utilizing microalgae as the primary source. This approach reduces the dependency on plant-based sources and offers higher purity and yields than traditional methods. Chemical synthesis is a conventional method of producing lutein through chemical reactions involving petrochemical precursors. This process can achieve high purity levels, and it has drawbacks such as higher energy consumption and potential environmental concerns associated with waste disposal. The extraction from botanical material method involves obtaining lutein from natural sources such as marigold flowers or spinach leaves using hexane or ethyl acetate solvents. The extracted lutein undergoes further purification before being used in various applications, including dietary supplements and functional foods. Fermentation is an emerging method for producing lutein, utilizing microorganisms such as bacteria or yeast to produce lutein through biosynthesis. This process offers advantages such as reduced environmental impact, lower energy consumption, and scalability while ensuring consistent quality and purity.

Source: Proliferating use of synthetic lutein for its affordability and versatility in formulation

Natural lutein is derived from plant sources such as green leafy vegetables, yellow and orange fruits, and egg yolks. The body does not synthesize lutein, which must be obtained through diet or supplementation. Natural lutein exhibits higher bioavailability due to synergistic interactions with other carotenoids present in plant sources. Synthetic lutein is produced using chemical processes that replicate the molecular structure of its natural counterpart. It offers several advantages, such as cost-effectiveness, consistent quality, and scalability in production. Natural lutein is generally considered safer than synthetic due to minimal processing and fewer additives. However, both types are deemed safe for human consumption when adhering to recommended dosage guidelines. Cost-wise, synthetic lutein tends to be more economical due to scalable production methods, making it an viable option for large-scale applications or price-sensitive markets.

Applications: Emerging use of lutein in pharmaceuticals due to its potential in treating eye disorders

Lutein is commonly used as a feed additive, enhancing livestock's overall health and well-being. The need for lutein in animal feed arises from its ability to improve immune response, egg yolk coloration in poultry, and vision health in pets. Lutein is increasingly being incorporated into functional beverages due to its antioxidant properties and benefits for eye health. Consumers seeking preventive measures against age-related macular degeneration (AMD) prefer supplements with high lutein content. Lutein is a natural colorant and food fortification agent in several food products, including baked goods, confectionery, dairy, and snacks. These applications are driven by consumers seeking clean-label ingredients with functional benefits. Lutein is used as an ingredient in cosmetics and skincare due to its antioxidant properties, protecting the skin from environmental stressors. Lutein has been researched extensively for its potential role in treating eye disorders such as AMD and cataracts. Pharmaceutical companies are exploring the inclusion of lutein in drug formulations to treat or prevent these conditions effectively

Regional Insights

In America, the lutein market is experiencing growth owing to growing consumer awareness about the health benefits of lutein and its role as an essential nutrient for eye health. The widespread prevalence of age-related macular degeneration (AMD) and cataracts in this region contributes to the demand for lutein-based dietary supplements and functional foods.

In the APAC region, rapid urbanization, rising disposable income levels, and an aging population have created demand for nutraceutical products that contain lutein. Countries such as China and India are emerging as leading contributors to regional growth due to their large population base and improving healthcare infrastructure. Increased awareness about AMD prevention and eye health maintenance has led to a surge in demand for lutein-based supplements targeting children's nutrition needs as well. The robust pharmaceutical industry in this region also highlights opportunities for expansion in markets such as Japan, South Korea, Australia, Indonesia, and Thailand, among others. In the EMEA region, European countries witnessed a significant number of eye disorders, including AMD and cataracts. The sophisticated healthcare infrastructure increasing consumer preference towards organic ingredients created market growth potential.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Lutein Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Lutein Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Lutein Market, highlighting leading vendors and their innovative profiles. These include AdvaCare Pharma, Allied Biotech Corporation, Amway Corporation, Anhui Ruisen Bio-Tech Co.,Ltd., Ashland Inc., BASF SE, Bausch & Lomb Incorporated, Divi's Laboratories Ltd., Doehler Group SE, E.I.D. - Parry Limited, Fenchem, Inc., Industrial Organica S.A. de C.V., Jarrow Formulas, Inc., Kemin Industries Inc., Koninklijke DSM N.V., Lycored Corp., Natures Bounty, Inc., Nutraceutical Corporation, Omniactive Health Technologies Limited, Piveg Inc., Pure Encapsulations, LLC, Sabinsa Corporation, Synthite Industries Pvt. Ltd., and Zhejiang Medicine Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Lutein Market to forecast the revenues and analyze trends in each of the following sub-markets:

Form
- Beadlet
- Emulsion
- Oil Suspension
- Powder & Crystalline

Process
- Algae Route
- Chemical Synthesis
- Extraction From Botanical Material
- Fermentation

Source
- Natural
- Synthetic

Application
- Animal Feed
- Beverages
- Dietary Supplements
- Food
- Personal Care Products
- Pharmaceuticals

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Lutein Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Lutein Market?

3. What are the technology trends and regulatory frameworks in the Lutein Market?

4. What is the market share of the leading vendors in the Lutein Market?

5. Which modes and strategic moves are suitable for entering the Lutein Market?

Product Code: MRR-430D3EB72AD4

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing prevalence of the eye disorders
  - 5.1.1.2. Rising demand for diet supplements
- 5.1.2. Restraints
  - 5.1.2.1. Expensive and time consuming processing for lutein
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing impotence and usage of lutein in cosmatics & personal care
  - 5.1.3.2. Focused R&D initiatives for new developments in lutein
- 5.1.4. Challenges
  - 5.1.4.1. Stringent regulatory and approval norms for the lutein
5.2. Market Segmentation Analysis
- 5.2.1. Form: Increasing adoption of beadlets offering high absorption rates due to their larger surface area
- 5.2.2. Process: Rising utilization of fermentation-based processes owing to minimal environmental impact
- 5.2.3. Source: Proliferating use of synthetic lutein for its affordability and versatility in formulation
- 5.2.4. Applications: Emerging use of lutein in pharmaceuticals due to its potential in treating eye disorders
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Lutein Market, by Form

6.1. Introduction
6.2. Beadlet
6.3. Emulsion
6.4. Oil Suspension
6.5. Powder & Crystalline

7. Lutein Market, by Process

7.1. Introduction
7.2. Algae Route
7.3. Chemical Synthesis
7.4. Extraction From Botanical Material
7.5. Fermentation

8. Lutein Market, by Source

8.1. Introduction
8.2. Natural
8.3. Synthetic

9. Lutein Market, by Application

9.1. Introduction
9.2. Animal Feed
9.3. Beverages
9.4. Dietary Supplements
9.5. Food
9.6. Personal Care Products
9.7. Pharmaceuticals

10. Americas Lutein Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Lutein Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Lutein Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Fortifeye Launches Zinc-Free Supplement for AMD
- 13.3.2. Bausch + Lomb announces U.S. Launch of PreserVision AREDS 2 Formula Soft Gels Plus CoQ10
- 13.3.3. Herbalife Nutrition India Enters the Eye Health Segment with a new Supplement
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio