Global Lutein Supplements Market - 2024-2031

Overview

Global Lutein Supplements Market reached US$ 165.2 million in 2023 and is expected to reach US$ 267.3 million by 2031, growing with a CAGR of 6.2% during the forecast period 2024-2031.

The market for lutein supplements has grown significantly globally in recent years, mostly due to rising consumer awareness of the value of preventative healthcare and eye health. Naturally abundant in leafy green vegetables, lutein is a carotenoid that is well-known for its antioxidant qualities and its support of eye health, especially in preventing cataracts and age-related macular degeneration (AMD).

The market for lutein supplements has increased as the world's aging population rises and worries about digital eye strain from prolonged screen usage increase. Furthermore, new delivery methods and combination products have been created as a result of technological developments in formulations, which has further fueled market expansion.

The natural lutein supplements account for over half of the market share. Similarly, North America dominates the lutein supplements market, capturing the largest market share of over 1/3rd. North America offers a diverse range of retail channels for purchasing lutein supplements, including pharmacies, health food stores, supermarkets, and online retailers.

Dynamics

Aging Population across the Globe

The incidence of age-related eye disorders has increased in tandem with the aging of the world's population. For instance, AMD is one of the main global causes of irreversible visual loss in the elderly. The risk of AMD rises with age, which raises the need for preventive treatments like lutein supplements. According to the United Nations, the percentage of people aged 65 and above is growing at a faster rate than those below that age.

In 2022, 771 million people aged 65 and above were living globally, accounting for almost 10% of the world's population. This segment is expected to reach 16% in 2050, and eventually 24% by 2100. This population-based study showed that the impact of population aging was associated with 183.37 million vision loss cases. Near vision loss, refraction disorders, and cataract increased most with population aging.

People grow increasingly aware of the problems linked with age-related vision loss and their eye health as they get older. Proactive steps are being taken more often to preserve excellent eyesight and stop the development of eye disorders. As the benefits of lutein supplements for eye health become more widely acknowledged, older persons are using them at larger rates.

Technological Advancements in Formulations

Innovative delivery methods, including lipid-based formulations, nanoemulsions, and microencapsulation techniques, have been made possible by technological breakthroughs. By increasing lutein's solubility and stability, these cutting-edge techniques maximize its bioavailability and boost the nutrient's absorption throughout the body. Because of this, consumers might benefit more from lutein supplements at lower dosages, which will increase demand in the market.

In February 2024, a low-dose formulation of lutein and zeaxanthin isomers marketed as Lutemax Kids by OmniActive Health Technologies was associated with improvements in cognitive performance and measures of eye health in a cohort of 60 children between the ages of five and 12. Considering lutein is easily degraded by heat, light, and oxygen, its effectiveness in formulations may be impacted.

Cutting-edge formulation techniques, such as liposome or nanoparticle encapsulation and microencapsulation, help shield lutein from oxidation and degradation, increasing its shelf life and preserving product potency. As a result, customers' trust and loyalty are increased and they are guaranteed to obtain a high-quality product with constant lutein levels throughout the product's shelf life.

Regulatory Constraints and Compliance Challenges

Regulatory constraints and compliance challenges pose a significant restraint to the global lutein supplements market. As with any dietary supplement, lutein supplements are subject to stringent regulations and quality standards imposed by regulatory authorities such as the Food and Drug Administration (FDA) in the United States, the European Food Safety Authority (EFSA) in Europe, and similar agencies worldwide.

One of the main challenges faced by lutein supplement manufacturers is navigating the complex regulatory landscape governing dietary supplements. Regulations may vary between countries and regions, requiring manufacturers to navigate multiple regulatory frameworks to bring their products to market globally. Compliance with labeling requirements, ingredient specifications, health claims, and safety assessments adds complexity to the product development process and may increase time and costs associated with regulatory compliance.

Segment Analysis

The global lutein supplements market is segmented based on ingredient, form, packaging, application, distribution channel and region.

Surge in the Demand for Vitamins and Minerals Ingredients

It has been demonstrated that lutein and other vitamins and minerals, including zinc, copper, and the C and E vitamins, combine to promote eye health. In order to combat free radicals and lessen oxidative stress in the eyes, these nutrients are essential components of antioxidant defense systems. Lutein supplements provide all-encompassing support for ocular wellbeing by mixing lutein with key vitamins and minerals, addressing several facets of eye health at once.

In the eye, lutein functions as a strong antioxidant in conjunction with vitamins C and E, guarding against oxidative damage brought on by exposure to blue light and ultraviolet (UV) radiation. Zinc and copper are necessary cofactors for antioxidant enzymes, and vitamin C aids in the regeneration of vitamin E, boosting its antioxidant action.

In February 2022, a wide range of cutting-edge supplements called TrueYou has been introduced by the Vitamin Shoppe, an omni-channel specialty retailer of nutritional items, to meet the distinct and changing needs of women at every stage of their lives. TrueYou, which is made with lutein blended with high-quality vitamin ingredients, mainly by B12 and supported by science, was developed to encourage self-care and balanced health while enabling each woman to express her unique potential.

Geographical Penetration

Health and Wellness Trends in North America

North Americans have a strong emphasis on health and wellness, and they are becoming more and more aware of the need of natural remedies and preventative healthcare in preserving general wellbeing. These trends are supported by lutein supplements, which are marketed as safe, natural dietary supplements that promote eye health. As part of their daily routine, consumers are actively looking for lutein supplements to promote good vision and prevent age-related eye disorders.

Over 8.18 million people in the U.S reported having a vision disability in 2022, according to the Census Bureau's American Community Survey. They are either blind or have difficulty seeing even when wearing glasses. In the U.S alone in 2023, about 12 million people age 40 and above suffer from vision impairment, with about a million suffering from blindness.

In North America, there is an increasing emphasis on preventative healthcare, which has raised awareness of the significance of eye health and the role that nutrition plays in preserving ideal vision. For people who are at risk of developing age-related eye disorders or who are currently experiencing them, medical practitioners often advise taking lutein supplements as a preventive strategy. The use of lutein supplements by consumers has increased as a result of this recommendation.

COVID-19 Impact Analysis

Global supply systems were thrown off balance by the epidemic, which resulted in shortages of raw materials and delays in the production and delivery of goods. These issues were made worse by limitations on international trade and transportation, which had an impact on the market's supply of lutein supplements.

Throughout the epidemic, people's concerns shifted to their health and well-being, which led to an increase in demand for nutritional supplements, especially lutein supplements. The need for items that might boost their general health and immune system caused lutein supplement sales to rise.

Changes in consumer buying patterns were brought about by the pandemic's economic effects, which included job losses and financial instability. Some consumers prioritized buying health-related products, such as lutein supplements, to maintain their health and energy, while others reduced their discretionary spending.

Lockdowns and social distancing tactics compelled numerous physical retailers to either temporarily lock their doors or operate at reduced capacity. As a result, more people started buying lutein supplements online through internet retail channels. During the epidemic, e-commerce platforms became crucial for connecting with customers and sustaining revenues.

Russia-Ukraine War Impact Analysis

The crisis involving Russia and Ukraine affected supply chains and trade routes, which in turn affected the availability of raw materials needed to produce lutein supplements. Manufacturers and suppliers are worried about the stability of the supply chain and the possibility of trade interruptions. Global markets are unstable as a result of the geopolitical tensions between Russia and Ukraine, which has an impact on consumer and investor confidence.

The demand for lutein supplements may fluctuate as a result of this uncertainty as consumers become more frugal with their money. International commerce flows could be disrupted by the conflict between Russia and Ukraine, which would raise shipping and logistical costs and cause delays. Longer lead times and increased transportation costs may have an impact on lutein supplement availability and pricing in various geographic areas, which could alter market dynamics.

Particularly in Eastern Europe and the surrounding nations, the conflict may have special geographical effects on the market for lutein supplements. The demand for lutein supplements may be impacted by the political and economic unrest and diminished consumer confidence in these areas.

By Ingredient

• Zeaxanthin
• Vitamins and Minerals
• Omega-3 Fatty Acids
• Antioxidants
• Others

By Form

• Powder
• Liquid
• Gummies
• Tablets
• Others

By Packaging

• Bottles
• Sachets
• Blister Packs
• Others

By Application

• Eye Health and Vision Support
• Antioxidant Supplements
• Sports Nutrition
• Skin Health
• Brain Health and Cognitive Function
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Online Retail
• Pharmacies and Drug 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 2024, EyePromise, a company that specializes in supplementing eye health, announced the release of BrainPromise, a blend of vital minerals, vitamins and the carotenoids lutein and zeaxanthin. The supplement includes specific ingredients such as vitamins A, C, D3, E, B6, B12, folic acid, zinc, omega-3s, CoQ10, alpha lipoic acid, selenium, manganese, bilberry, zeaxanthin, lutein, mixed tocotrienols/tocopherols, and a proprietary blend.
• 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.
• In May 2021, PharmaLinea launched a range of consumer-friendly vitamins for eye health prevention. The decision was made at a time when screen usage has increased due to the epidemic and concerns about eye health are on the rise.

Competitive Landscape

The major global players in the market include Kemin Industries, BASF SE, DSM, PIVEG, Inc., Allied Biotech Corporation, Vitae Naturals, Fenchem Inc., Chr. Hansen Holding A/S and Nature's Way Products, LLC.

Why Purchase the Report?

• To visualize the global lutein supplements market segmentation based on ingredient, form, packaging, 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 Supplements 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 supplements market report would provide approximately 78 tables, 80 figures and 229 Pages.

Target Audience 2024

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