Global Lutein Powder Market - 2023-2030

Overview

Global Lutein Powder Market reached US$ 310.2 million in 2022 and is expected to reach US$ 505.7 million by 2030, growing with a CAGR of 6.3% during the forecast period 2023-2030.

The growing demand for dietary supplements and increased awareness of eye health are driving the steady rise of the global lutein powder market. Lutein, a carotenoid pigment present in a wide range of fruits and vegetables, is essential for preserving eyesight and guarding against age-related eye conditions such as cataracts and age-related macular degeneration (AMD).

The leading causes of vision impairment and blindness at a global level are refractive errors and cataracts. According to the reports of 2023 shared by Optimaxa., a UK-based laser eye treatment specialist, age-related macular degeneration (AMD) affected 196 million individuals globally and is expected to reach 288 million in 2040, accounting for 8.7 percent of the world's population.

Concern over digital eye strain and the long-term impacts of blue light exposure from electronic gadgets is growing as the population ages and lifestyles become more sedentary. As a result, there has been a sharp increase in demand for foods fortified with lutein and supplements containing lutein powder as people look for preventative methods to maintain eye health and stop vision loss.

The natural lutein powder accounts for over one-fourth of the market share. Similarly, Asia-Pacific dominates the lutein powder market, capturing the largest market share of over 1/3rd. With rising disposable incomes and increasing spending on healthcare and wellness products, Asia-Pacific presents significant growth opportunities for players in the lutein powder market to expand their presence and cater to the evolving needs of consumers in the region.

Dynamics

Increasing Awareness of Eye Health and Preventive Healthcare

The global market for lutein powder is expanding due in large part to rising awareness of the importance of preventative eye health. The World Health Organization (WHO) estimates that 314 million people worldwide have visual impairment, including 269 million with low vision and 45 million blind. 73% of people with vision loss are over 50, and 55% are women and girls. 90% of people with vision loss live in middle- and low-income countries.

Age-related macular degeneration (AMD), cataracts, and retinitis pigmentosa are among the age-related eye disorders that are causing increasing worry as the population ages and lifestyles become more sedentary. High amounts of lutein and its isomer zeaxanthin, two carotenoid pigments, are present in the macula of the eye, where they function as a built-in filter against damaging blue light and offer protection against inflammation and oxidative damage.

In addition, the use of lutein powder supplements as part of a proactive strategy for general health and lifespan has increased due to the focus on preventive healthcare and the expanding trend towards holistic wellbeing. Customers are willing to spend money on items that are supported by clinical research and scientific proof, and they are increasingly looking for natural and nutritious solutions to support their well-being, including eye health.

Rising Demand for Natural and Nutritional Supplements

A key factor driving the expansion of the global lutein powder market is the growing consumer demand for natural and nutritional supplements. Growing numbers of consumers are turning to natural, plant-based foods and supplements as they search for goods they believe would improve their health. This movement in preferences has been evident in recent years. Fruits and vegetables such as leafy greens and marigold flowers contain lutein, a carotenoid that is known for its strong antioxidant qualities and ability to maintain eye health.

Lutein powder supplements are becoming increasingly common among consumers as a natural, all-natural way to support eye health and general well-being. Concern over digital eye strain and its possible long-term impacts on vision is developing as a result of the widespread use of digital screens and increased exposure to blue light from electronic gadgets. As a natural blue light filter, lutein and zeaxanthin help shield the retina from oxidative damage and lower the risk of age-related macular degeneration (AMD) and other eye disorders.

Price Volatility of Lutein Powder and Raw Materials

A major obstacle to the growth of the lutein powder industry worldwide is the price volatility of both the powder and its raw components. Primarily derived from natural sources like marigold flowers, lutein production is influenced by several variables that may cause variations in availability and cost. The main obstacle is that lutein extraction is dependent on crops, which are subject to weather, crop yields, and agricultural practices, among other variables.

Any problems with growing marigold flowers, such as bad weather, pests, or illnesses, can diminish crop yields and cause shortages of lutein-rich raw materials, which would raise costs and affect the stability of the market. The price of marigold flowers, a primary source of lutein, may vary significantly depending on factors such as weather conditions and crop yields. For example, during periods of drought or pest infestations leading to reduced yields, the price may spike to $20 to $30 per kilogram or even higher due to scarcity.

Segment Analysis

The global Lutein Powder market is segmented based on origin, type, application, distribution channel and region.

Exploring the Demand for Lutein Powder in Pharmaceuticals and Nutraceuticals

The acknowledged significance of lutein in promoting eye health and its potential therapeutic effects in preventing and controlling a range of ocular disorders are contributing to the demand for lutein powder in pharmaceuticals and nutraceuticals. A growing number of people are interested in preventive healthcare and natural treatments to maintain ocular health and sustain visual function as the world's population ages and the prevalence of age-related eye disorders including cataracts and age-related macular degeneration (AMD) rises.

American Academy of Ophthalmology report of 2023 states that foods rich in vitamins C and E, zinc, lutein, zeaxanthin, and omega-3 fatty acids are linked to lower risk for age-related macular degeneration (AMD), cataracts, and perhaps even dry eye later in life. Both Lutein and zeaxanthin. nutrients are found naturally in the retina-the light-sensitive tissue lining the back of the eye. This is why boosting one's diet with lutein powder-based nutraceuticals is a win for your eye health.

Geographical Penetration

The Growing Affluence and Urbanization in Asia-Pacific

According to the medical journal data of 2023, the Asia-Pacific region is facing challenges in meeting the eye care needs of its aging population due to the projected rise in the number of people aged 50 and older. 86% of blind people, 80% of people with moderate and severe vision impairment, and 74% of people with mild vision impairment are in the Asia-Pacific region.

According to the WHO, the prevalence of distance vision impairment in low- and middle-income APAC countries is four times higher than in high-income countries. The WHO also estimates that up to 20 million Asians are blind, which is expected to increase as the population ages. The aging population and increasing incidence of age-related eye disorders in Asia-Pacific are two of the main factors driving the need for lutein powder in the region.

People are growing more conscious of the value of preventative healthcare, which includes managing eye health, as a large percentage of the population enters older age groups. The increasing prevalence of age-related eye illnesses in the region, including cataracts, diabetic retinopathy, and age-related macular degeneration (AMD), is creating a need for lutein supplements and fortified foods as preventative measures to preserve vision and lower the chance of vision loss.

COVID-19 Impact Analysis

Global supply chains, customer behavior, and production and distribution procedures have all been affected by the COVID-19 pandemic, which has had a substantial effect on the lutein powder market. There are logistical difficulties in obtaining raw supplies and distributing completed goods due to lockdown procedures, travel limitations, and transportation impediments. Further, the pandemic-induced economic slowdown has decreased consumer expenditure on non-essential items, such as functional meals supplemented with lutein powder and dietary supplements.

On the other hand, lutein powder, which has antioxidant qualities and benefits for eye health, is a popular ingredient in supplements and other goods. This demand has arisen as a result of a growing awareness of the significance of immune health and preventative healthcare during the crisis. The lutein powder market is expected to grow as the world gradually recovers from the pandemic, driven by ongoing consumer interest in health and wellness products.

Russia-Ukraine War Impact Analysis

Geopolitical tensions and uncertainty brought on by the prolonged conflict between Russia and Ukraine may have an effect on the world market for lutein powder. One of the main suppliers of lutein powder is Ukraine, which is known for its lutein-rich marigold flowers. Any interruptions to Ukraine's agricultural output and export capacity could cause problems for the supply chain and have an impact on the availability of lutein powder worldwide.

Furthermore, as Russia is a major player in the world's agricultural market, any worsening of the conflict could have an effect on regional trade and agricultural exports, which would further affect the supply chain for lutein powder. The conflict may cause instability and volatility in the commodity markets, which could impact raw material prices and impact the pricing strategies and production costs of lutein powder makers.

By Origin

• Natural
• Synthetic

By Type

• Low Pure Lutein Powder
• High Pure Lutein Powder

By Application

• Food and Beverage
• Pharmaceuticals & Nutraceuticals
• Cosmetics & Personal Care
• Animal Feed
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Online Retail
• Specialty Stores
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In February 2023, Herbalife Nutrition India launched a new supplement to target the eye health market. Lutein and zeaxanthin are combined in the scientifically formulated supplement Ocular Defense. The international nutrition business Herbalife Nutrition India has expanded into the eye health market with its new product, "Ocular Defense," in keeping with its dedication to nutrition and wellbeing.
• In October 2023, ingredient supplier OmniActive has launched the "Lutein for Every Age" initiative, which is a campaign to raise awareness of macular carotenoids' roles in children's eye and brain health, and address knowledge gaps in children's nutritional needs.
• In February 2021, Kemin Industries launched a new lutein ingredient called FloraGLO Lutein 20% FS Powder. This powder form of lutein is derived from marigold flowers and is specifically designed for use in functional foods and dietary supplements. It offers superior stability, bioavailability, and formulation flexibility, making it a preferred choice for food and nutrition manufacturers.

Competitive Landscape

The major global players in the market include Kemin Industries, BASF SE, DSM, Allied Biotech Corporation, Cyanotech Corporation, Chr. Hansen Holding A/S, Nature's Bounty Co., Naturex S.A., Zhejiang Medicine Co., Ltd., and Fenchem Inc.

Why Purchase the Report?

• To visualize the global lutein powder market segmentation based on origin, type, application, distribution channel, and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of Lutein Powder market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global lutein powder market report would provide approximately 70 tables, 63 figures and 219 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies