Lutein Market Size, Share, Trends, Growth Opportunities, Key Drivers and Competitive Outlook 2028
Lutein Market Size, Share, Trends, Growth Opportunities, Key Drivers and Competitive Outlook 2028
Blog Article
"Lutein Market – Industry Trends and Forecast to 2028
Global Lutein Market, By Form (Powder and Crystalline, Oil Suspension, Beadlet, Emulsion), Source (Natural, Synthetic), Application (Food, Beverages, Dietary Supplements, Animal Feed, Pharmaceuticals, and Personal Care Products) Production Process (Chemical Synthesis, Extraction from Botanical Material, Fermentation, Algae Route), and Country (U.S., copyright, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The lutein market is expected to witness market growth at a rate of 6.2% in the forecast period of 2021 to 2028. Data Bridge Market Research report on lutein market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the pork, poultry, and aquaculture industries is escalating the growth of lutein market.
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**Segments**
- By Source: The lutein market can be segmented based on its sources, such as marigold flowers, fruits, vegetables, and others. Marigold flowers are the most common source of lutein due to their high lutein content, followed by fruits and vegetables. The increasing demand for natural and organic sources of lutein is driving the growth of the marigold flowers segment.
- By Application: In terms of application, the lutein market can be segmented into dietary supplements, food and beverages, pharmaceuticals, animal feed, and others. Dietary supplements are the largest application segment for lutein, as it is widely consumed for eye health benefits. The food and beverages segment is also experiencing significant growth, with lutein being added to various products for its nutritional properties.
- By Region: Geographically, the lutein market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the lutein market due to the high consumer awareness regarding eye health and the presence of key market players in the region. However, the Asia Pacific region is witnessing rapid growth in the lutein market, driven by the increasing adoption of dietary supplements and functional foods.
**Market Players**
- Kemin Industries
- BASF SE
- Chr. Hansen Holding A/S
- OmniActive Health Technologies
- Chenguang Biotech Group Co., Ltd
- PIVEG, Inc.
- E.I.D. - Parry (India) Limited
- Allied Biotech Corporation
- DDW The Color House
- Zhejiang Medicine Co., Ltd.
The global lutein market is expected to witness steady growth in the coming years, driven by the increasing consumer awareness regarding eye health and the rising demand for natural and organic ingredients. The market players are focusing on product innovations, strategic partnerships, and expansion of their production capacities to gain a competitive edge in the marketThe global lutein market is poised for continued growth in the foreseeable future, propelled by several key factors shaping the industry landscape. One of the primary drivers fueling the market expansion is the escalating consumer awareness regarding the significance of eye health and the role of lutein in maintaining optimal vision. As individuals become increasingly health-conscious, there is a growing inclination towards incorporating lutein-rich products in their diets or through supplements to support eye health and overall well-being. This heightened awareness is anticipated to underpin the demand for lutein across various application segments, including dietary supplements, food and beverages, pharmaceuticals, and animal feed.
Moreover, the market segmentation based on sources offers insights into the diverse avenues through which lutein can be derived, with marigold flowers emerging as a prominent and widely utilized source owing to their rich lutein content. The preference for natural and organic sources of lutein is a key trend bolstering the growth of the marigold flowers segment, as consumers increasingly seek out products that align with their preferences for clean-label ingredients and sustainability. Fruits and vegetables also constitute significant sources of lutein, further diversifying the raw materials utilized in lutein production and catering to a broader consumer base seeking functional ingredients in their food and supplement choices.
From a regional perspective, North America currently leads the global lutein market due to the high level of consumer awareness regarding eye health in the region and the presence of established market players driving innovation and product development. However, the Asia Pacific region is emerging as a rapidly growing market for lutein, propelled by the expanding middle-class population, rising disposable incomes, and increasing adoption of dietary supplements and functional foods aimed at enhancing overall health and well-being. The dynamic market landscape in Asia Pacific presents lucrative opportunities for market players to expand their footprint and tap into the growing demand for lutein-infused products.
Key market players such as Kemin Industries, BASF SE, Chr. Hansen Holding A/S,**Segments**
- By Source: The lutein market can be segmented based on its sources, such as marigold flowers, fruits, vegetables, and others. Marigold flowers are the most common source of lutein due to their high lutein content, followed by fruits and vegetables. The increasing demand for natural and organic sources of lutein is driving the growth of the marigold flowers segment.
- By Application: In terms of application, the lutein market can be segmented into dietary supplements, food and beverages, pharmaceuticals, animal feed, and others. Dietary supplements are the largest application segment for lutein, as it is widely consumed for eye health benefits. The food and beverages segment is also experiencing significant growth, with lutein being added to various products for its nutritional properties.
- By Region: Geographically, the lutein market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the lutein market due to the high consumer awareness regarding eye health and the presence of key market players in the region. However, the Asia Pacific region is witnessing rapid growth in the lutein market, driven by the increasing adoption of dietary supplements and functional foods.
**Market Players**
- Kemin Industries
- BASF SE
- Chr. Hansen Holding A/S
- OmniActive Health Technologies
- Chenguang Biotech Group Co., Ltd
- PIVEG
Global Lutein Market survey report analyses the general market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which supports businesses on deciding upon several strategies. Furthermore, big sample sizes have been utilized for the data collection in this business report which suits the necessities of small, medium as well as large size of businesses. The report explains the moves of top market players and brands that range from developments, products launches, acquisitions, mergers, joint ventures, trending innovation and business policies.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Lutein Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Lutein Market.
The following are the regions covered in this report.
- North America [U.S., copyright, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- The Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
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