PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324197
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324197
According to Stratistics MRC, the Global Lutein Market is accounted for $351.89 million in 2023 and is expected to reach $618.78 million by 2030 growing at a CAGR of 8.4% during the forecast period. Lutein is a form of organic pigment known as a carotenoid that naturally exists in green plants, the fat of animals that consume plants, egg yolk, the corpus luteum, and the retina. Marigold flowers and leafy greens like spinach and kale also have large quantities of it. Lutein and its isomer zeaxanthin are particularly abundant in the macula of the human eye, which is why they are frequently linked to eye health. It is well recognised that lutein has positive benefits on eye health, especially in lowering the risk of age-related macular degeneration (AMD) and cataracts.
According to US VMHS Survey, dietary supplements for diabetes, heart problems and other disease accounted for approximately 40% of Lutein market.
The demand for skin care products containing lutein and zeaxanthin rises as occurrences of skin cancer caused by UV radiation rise. Additionally, lutein and zeaxanthin offer defence against the DNA- and oxidative-damaging effects of blue light. Moreover, it is anticipated that increased blue light absorption by the skin will boost melanin formation, which is responsible for tanning, skin ageing, and skin cancer. However, consumption of lutein dramatically lightens skin tone and improves overall skin tone, indicating a decrease in melanin synthesis. Thus, this use of lutein contributes to the market's expansion.
A lutein overdose is safe, however someone who has an allergy should stay away from any lutein supplement that includes their allergen. It is always advised to stay away from lutein supplements when pregnant or nursing. The interactions of lutein with over-the-counter and prescription drugs remain unknown to scientists. As a result, taking supplements that combine lutein with vitamins runs the risk of having unfavourable drug interactions and having undesirable side effects. A condition known as carotenodermia, or a yellowing of the skin, can occur if an excessive quantity of lutein is consumed over time. Anyone with liver or renal issues is advised to refrain from consuming excessive amounts of lutein.
Numerous industries, including animal feed, human food, medicines, cosmetics, and dietary supplements, employ lutein. Many individuals are still unaware of the benefits of lutein as a medicine. Leading companies are increasingly expanding into underdeveloped regions in Asia, Africa, and the Middle East in order to advertise their goods and raise knowledge of the benefits of lutein. As a result, lutein has several prospects in the pharmaceutical business. Lutein's total market will expand as people become more aware of its potential medical uses.
Applications for lutein in food and beverage include dairy products, drinks, baked foods, cosmetic products, and confectionery. The numerous benefits of lutein are yet unknown to the emerging nations and the costs of raw materials are always erratic because of the rigorous controls. The lack of lutein-rich sources is made possible by this pricing issue. The lack of raw resources and exorbitant prices are impeding industry expansion because there aren't as many alternatives on the market.
The COVID-19 epidemic is expected to benefit the market for lutein growth. Research efforts to prevent and treat the consequences of the virus have increased as a result of the COVID-19 pandemic. Furthermore, the study titled "The landscape of potential health benefits of carotenoids as natural supportive therapeutics in protecting against coronavirus infection" provided results that highlighted the use of carotenoids as natural supportive therapeutics in protection against coronavirus infection. Thus, during the pandemic, the demand for lutein and zeaxanthin products increased as a result of these studies.
The natural segment is estimated to have a lucrative growth. Natural-source items are frequently preferred by customers over synthetic equivalents. For those looking for natural and plant-based supplements, natural lutein derived from plants like marigold flowers can be seen as a more appealing alternative. Customers want ingredient clarity as the demand for clean-label products rises. These desires may be met by natural lutein, which may be advertised as a healthy substance that hasn't undergone any chemical alterations.
The food & beverages segment is anticipated to witness the fastest CAGR growth during the forecast period. The demand for functional and fortified beverages is rising as consumers become more health-conscious. This consumer trend, along with lutein's advantages for eye health, is what stimulates demand for drinks with lutein as an additive. Due to its ability to prevent age-related macular degeneration (AMD) and lower the incidence of cataracts, lutein is utilised as a prominent component in nutraceutical beverages. These drinks are designed for people who are concerned about their health and are looking for ways to avoid eye disorders. Clean-label goods with all-natural components are more and more in demand from consumers.
North America is projected to hold the largest market share during the forecast period owing to increasing penetration of prominent players in the region of US and Canada and shift in ingredient focused products to broader brand positioning by manufacturers in the region. Because of the region's highly fragmented distribution channels, the US market accounts for around 56% of global sales of lutein supplements. Additionally, during the projected period, a growing concentration of VMHS services in the region is anticipated to support regional growth.
Asia Pacific is projected to have the highest CAGR over the forecast period. Developing nations like China and India are anticipated to have rapid development. need is expected to be stimulated by the high frequency of eye problems and the rising need 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.
Some of the key players profiled in the Lutein Market include: BASF SE, Chr Hansen Holdings, Allied Biotech Corporation, Sundown, Divi's Laboratories Limited, OmniActive Health Technologies, DSM, Jarrow Formulas Inc, Tianjin Pharmaland, Kemin Industries, Solaray, Nature's Bounty and Vitiva.
In September 2021, OmniActive Health Technologies has announced the official commercial launch of Nutritears in the US. Nutritears is a product that is developed using OmniActive's Integrative Actives platform, which enables the delivery of multiple active ingredients in concentrated, smaller doses. It is specifically designed to address the issues related to occasional dry eyes.
In March, 2021, Kemin Industries, announced the launch of organic KEM GLO. Organic KEM GLO, a USDA-certified organic additive helps organic egg producers intensify the color of egg yolks. Organic KEM GLO is an addition to the existing line of Kemin's cerotenoids such as KEM GLO, ORO GLO and Organic ORO GLO. The product launched by the company provides the egg yolk color benefits and lutein value to eggs.
In June 2020, Kemin Industries has formed a partnership with Diethelm Keller Siber Hegner (DKSH) to serve as the distributor for Kemin Food Technologies in Vietnam, Myanmar, and Cambodia. This collaboration enables Kemin to strengthen its market presence and expand its reach in these emerging countries. By leveraging DKSH's distribution services, Kemin Food Technologies can optimize its distribution network and enhance its customer service.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.