Global Lutein Market Size study & Forecast, by Source by Form by Application by Production Process and Regional Analysis, 2023-2030

Description

List of Tables

Global Lutein Market is valued approximately USD 351.3 million 2022 and is anticipated to grow with a healthy growth rate of more than 5.60% over the forecast period 2023-2030. Lutein is a natural substance that is good for our eyes. It is found in certain foods like green leafy vegetables (such as spinach and kale) and some fruits. Lutein helps protect our eyes by acting as an antioxidant, which means it helps prevent damage to our eye cells caused by harmful substances called free radicals. It also helps filter out harmful blue light and keeps the part of our eye called the macula healthy. Keeping our macula healthy is important for clear and sharp vision. Lutein can be taken as a supplement or found in foods to support eye health. Its market driving boosting factors are increasing aging population and incidence of eye diseases.

According to the WHO (World Health Organization) in 2022, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this time the share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world's population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. According to the National Eye Institute in 2021, that age-related macular degeneration (AMD) is the leading cause of blindness in adults aged 50 and older in developed countries. Moreover, rising demand for natural and nutritional products, increasing research and development will create more opportunities in the market. However, the limited consumer awareness, extraction and production costs stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Lutein Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022, Europe has a well-established culture of health and wellness, with a high level of awareness about the benefits of dietary supplements and functional foods. Consumers in Europe are more likely to prioritize preventive healthcare measures and are actively seeking products that promote eye health. This awareness and demand for lutein-based products contribute to the dominant position of Europe in the market. The Asia-Pacific region is the fastest-growing market for lutein, owing to the overall economic growth, which has led to an increase in urbanization and rapid industrialization and subsequent growth in the consumer markets of China, India, Australia, and Japan.

Major market player included in this report are:

BASF SE
India Glycols Limited
Kemin Industries
E.I.D Parry Limited
Divi's Laboratories
Merck KgaA
Piveg Inc
Omniactive Health Technologies
Synthite Industries
Zhejiang Medicine Co

Recent Developments in the Market:

In November 2021, Ashland launched a soy-free GPM lutein with new eye health ingredients to address eye strain from excessive screen time. It also launched extended-release ingredients N-dur xr caffeine and melatonin for powdered drink products.
In June 2021, OmniActive Health Technologies announced the launch of Integrative Actives, a platform that facilitates the delivery of multiple actives into concentrated smaller doses. Nutritears was the first product created using OmniActive's Integrative Actives platform. It featured a clinically substantiated combination of ingredients, including lutein and zeaxanthin isomers, curcuminoids, and vitamin D3.

Global Lutein Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Source, Form, Application, Production Process, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Source:

Natural
Synthetic

By Form:

Powder and Crystalline
Oil Suspension
Beadlet
Emulsion

By Application:

Food
Beverage
Dietary
Supplements
Animal Feed
Others Applications

By Production Process:

Chemical Synthesis
Extraction From Botanical Materials
Fermentation
Algae Route

By Region:

North America

U.S.
Canada

Europe

UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Lutein Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Lutein Market, by Source, 2020-2030 (USD Million)
- 1.2.3. Lutein Market, by Form, 2020-2030 (USD Million)
- 1.2.4. Lutein Market, by Application, 2020-2030 (USD Million)
- 1.2.5. Lutein Market, by Production Process, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Lutein Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Lutein Market Dynamics

3.1. Lutein Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing Aging Population
  - 3.1.1.2. Increasing Incidence of Eye Diseases
- 3.1.2. Market Challenges
  - 3.1.2.1. Limited Consumer Awareness
  - 3.1.2.2. Extraction and Production Costs
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising Demand for Natural and Nutritional Products
  - 3.1.3.2. Increasing Research and Development

Chapter 4. Global Lutein Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Lutein Market, by Source

5.1. Market Snapshot
5.2. Global Lutein Market by Source, Performance - Potential Analysis
5.3. Global Lutein Market Estimates & Forecasts by Source 2020-2030 (USD Million)
5.4. Lutein Market, Sub Segment Analysis
- 5.4.1. Natural
- 5.4.2. Synthetic

Chapter 6. Global Lutein Market, by Form

6.1. Market Snapshot
6.2. Global Lutein Market by Form, Performance - Potential Analysis
6.3. Global Lutein Market Estimates & Forecasts by Form 2020-2030 (USD Million)
6.4. Lutein Market, Sub Segment Analysis
- 6.4.1. Powder and Crystalline
- 6.4.2. Oil Suspension
- 6.4.3. Beadlet
- 6.4.4. Emulsion

Chapter 7. Global Lutein Market, by Application

7.1. Market Snapshot
7.2. Global Lutein Market by Application, Performance - Potential Analysis
7.3. Global Lutein Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Lutein Market, Sub Segment Analysis
- 7.4.1. Food
- 7.4.2. Beverage
- 7.4.3. Dietary Supplements
- 7.4.4. Animal Feed
- 7.4.5. Other Applications

Chapter 8. Global Lutein Market, by Production Process

8.1. Market Snapshot
8.2. Global Lutein Market by Production Process, Performance - Potential Analysis
8.3. Global Lutein Market Estimates & Forecasts by Production Process 2020-2030 (USD Million)
8.4. Lutein Market, Sub Segment Analysis
- 8.4.1. Chemical Synthesis
- 8.4.2. Extraction from Botanical Materials
- 8.4.3. Fermentation
- 8.4.4. Algae Route

Chapter 9. Global Lutein Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Lutein Market, Regional Market Snapshot
9.4. North America Lutein Market
- 9.4.1. U.S. Lutein Market
  - 9.4.1.1. Source breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Form breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. Production Process breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Lutein Market
9.5. Europe Lutein Market Snapshot
- 9.5.1. U.K. Lutein Market
- 9.5.2. Germany Lutein Market
- 9.5.3. France Lutein Market
- 9.5.4. Spain Lutein Market
- 9.5.5. Italy Lutein Market
- 9.5.6. Rest of Europe Lutein Market
9.6. Asia-Pacific Lutein Market Snapshot
- 9.6.1. China Lutein Market
- 9.6.2. India Lutein Market
- 9.6.3. Japan Lutein Market
- 9.6.4. Australia Lutein Market
- 9.6.5. South Korea Lutein Market
- 9.6.6. Rest of Asia Pacific Lutein Market
9.7. Latin America Lutein Market Snapshot
- 9.7.1. Brazil Lutein Market
- 9.7.2. Mexico Lutein Market
9.8. Middle East & Africa Lutein Market
- 9.8.1. Saudi Arabia Lutein Market
- 9.8.2. South Africa Lutein Market
- 9.8.3. Rest of Middle East & Africa Lutein Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. BASF SE
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. India Glycols Limited
- 10.3.3. Kemin Industries
- 10.3.4. E.I.D Parry Limited
- 10.3.5. Divi's Laboratories
- 10.3.6. Merck KgaA
- 10.3.7. Piveg Inc
- 10.3.8. Omniactive Health Technologies
- 10.3.9. Synthite Industries
- 10.3.10. Zhejiang Medicine Co

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Lutein Market, report scope
TABLE 2. Global Lutein Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Lutein Market estimates & forecasts by Source 2020-2030 (USD Million)
TABLE 4. Global Lutein Market estimates & forecasts by Form 2020-2030 (USD Million)
TABLE 5. Global Lutein Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 6. Global Lutein Market estimates & forecasts by Production Process 2020-2030 (USD Million)
TABLE 7. Global Lutein Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Lutein Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Lutein Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Lutein Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Lutein Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Lutein Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Lutein Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Lutein Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Lutein Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. Global Lutein Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. U.S. Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 18. U.S. Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19. U.S. Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20. Canada Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 21. Canada Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. Canada Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23. UK Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 24. UK Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. UK Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26. Germany Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 27. Germany Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. Germany Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29. France Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 30. France Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. France Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32. Italy Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 33. Italy Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Italy Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35. Spain Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 36. Spain Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. Spain Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38. RoE Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 39. RoE Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. RoE Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41. China Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 42. China Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. China Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44. India Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 45. India Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. India Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47. Japan Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 48. Japan Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. Japan Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50. South Korea Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 51. South Korea Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. South Korea Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53. Australia Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 54. Australia Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. Australia Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56. RoAPAC Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 57. RoAPAC Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. RoAPAC Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59. Brazil Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 60. Brazil Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Brazil Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62. Mexico Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 63. Mexico Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. Mexico Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65. RoLA Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 66. RoLA Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. RoLA Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68. Saudi Arabia Lutein Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 69. South Africa Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. RoMEA Lutein Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 71. List of secondary sources, used in the study of global Lutein Market
TABLE 72. List of primary sources, used in the study of global Lutein Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Lutein Market, research methodology
FIG 2. Global Lutein Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Lutein Market, key trends 2022
FIG 5. Global Lutein Market, growth prospects 2023-2030
FIG 6. Global Lutein Market, porters 5 force model
FIG 7. Global Lutein Market, pest analysis
FIG 8. Global Lutein Market, value chain analysis
FIG 9. Global Lutein Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Lutein Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Lutein Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Lutein Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Lutein Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Lutein Market, regional snapshot 2020 & 2030
FIG 15. North America Lutein Market 2020 & 2030 (USD Million)
FIG 16. Europe Lutein Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Lutein Market 2020 & 2030 (USD Million)
FIG 18. Latin America Lutein Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Lutein Market 2020 & 2030 (USD Million)