Lutein Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

The lutein market is expected to register a CAGR of 6% during 2023–2031. Increasing demand for natural growth promoters is likely to remain a key trend in the market.

Lutein Market Analysis

• The lutein market is poised for robust growth in the coming years as a number of factors will converge to underscore its growing role in the health and nutrition sector and other areas.
• Increasing worldwide health awareness of the benefits of lutein and an aging global population with growing concerns about eye health are key factors anticipated to boost growth in the market.
• Lutein, a carotenoid that has been well-established in eye-care products, is gaining attention for other health benefits related to skin health, cognitive function, and overall wellness. Growth of lutein demand is expected to be driven by this diversification of applications, which will lead to new business and market opportunities across different industry sectors.
• A link has been made between lutein consumption and the decline of age-related ocular diseases such as macular degeneration and cataracts.
• As our population ages and life expectancy increases, more products with an emphasis on preventive eye health will be needed.

Lutein Market Overview

• Lutein, one of a number of xanthophyll carotenoids found naturally in many fruits and vegetables, has received a lot of publicity as a dietary means of promoting eye health, especially protection from age-related macular degeneration and cataracts.
• In this way, lutein has been put front and center in the rapidly growing eye health supplement market aimed at a global aging population increasingly concerned about preserving the eye and its vision.
• Yet lutein's utility goes far beyond eye health supplements and is now being used in functional foods and beverages, animal feed, and cosmetics, reflecting the growing awareness of its benefits for health.
• The market is a combination of large multinational companies that sell to big food manufacturers and small, specialty ingredient suppliers competing for market share.

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Lutein Market: Strategic Insights

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Lutein Market Drivers and Opportunities

Increasing Demand for Dietary Supplements Drives Lutein Market

• The lutein market is growing thanks to the burgeoning dietary supplements market, which in turn is part of the larger trend in preventative medicine and supplementation.
• As consumers have come to rely on dietary supplements to shore up nutritional gaps or assist in managing a host of health complaints, they have come to play an outsized role in their diets.
• Lutein, known for its role in eye health, and now research suggests skin health and cognitive function, is a shining star for this emerging food category.
• The lutein-supplement category grew at a breakneck pace on the strength of a perfect storm of confluences: an aging world, greater awareness of the role that diet and supplementation can play in keeping our eyes healthy, and the explosion of lifestyle eye diseases.
• In the dietary supplement market, the eye health segment has been a major growth driver of lutein demand.
• With the ever-increasing consumption of digital devices in all age groups and professions and the accompanying worries about digital eye strain, exposure to blue light, and long-term vision health, the demand for eye health supplements has been skyrocketing with lutein as a primary or ancillary ingredient.
• The scientific evidence for lutein's health benefits for the macula and, in turn, in lowering the risk of AMD has assured consumers of lutein supplements.
• Furthermore, the focus on prevention has extended the target population for these supplements beyond the elderly to include young adults and even children, a group with significantly expanded market potential.

Increase in Demand for Lutein as a Natural Colorant

• The growing importance of lutein as a natural pigment is considered as one of the major factors boosting the lutein market, offering many lucrative opportunities across various industries, particularly in the food and beverage and cosmetics industry. This is largely due to the shift in focus of the global market towards natural and clean-label products, as customers become increasingly aware of food and personal care product composition.
• Lutein from the marigold provides a food-grade alternative to synthetic colorants – in line with the appetite for natural, plant-based ingredients.
• This shift is not a flash-in-the-pan but a core change in consumer behavior based on health, sustainability, and environmental concerns and is likely to underpin the long-term growth of the lutein market in the colorant segment.
• There is a market for lutein in the food and drinks sector as a natural yellow-to-orange colorant, which is replacing artificial colors that have fallen out of favor with health-conscious consumers.
• Its food applications include use in baked goods, dairy products, confectionery, beverages, and processed foods. The capacity of lutein to add a desirable yellow color while offering potential health benefits, particularly for eye health, creates a unique value proposition for food manufacturers.
• Thus, this dual functionality as a colorant and nutritional ingredient enables companies to respond to more than one consumer demand with a single additive, all the while making lutein a more attractive ingredient to add to product formulations.
• In addition, the good stability of lutein in different food matrices and processing conditions makes it suitable for different applications, which leads to the wide use of lutein in the food industry.

Lutein Market Report Segmentation Analysis

Key segments that contributed to the derivation of the lutein market analysis are form and application.

• On the basis of form, the market is bifurcated into powder, oil suspension, and others.
• Based on application, the market is segmented into food and beverages, dietary supplements, animal feed, and others.

Lutein Market Share Analysis by Geography

• Lutein Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering lutein market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers Porter's analysis, which involves the study of major factors that influence the lutein market in these regions.

Lutein Market Regional Insights

The regional trends and factors influencing the Lutein Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Lutein Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Lutein Market Report Scope

Lutein Market Players Density: Understanding Its Impact on Business Dynamics

The Lutein Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Lutein Market are:

1. Kemin Industries, Inc.
2. BASF SE
3. Chr. Hansen Holding A/S.
4. Givaudan
5. Allied Biotech Corporation
6. ExcelVite

Disclaimer: The companies listed above are not ranked in any particular order.

Lutein Market News and Recent Development

The lutein market is evaluated by gathering the qualitative and quantitative data post primary and secondary research, which include important corporate publication, association data, and database. The few developments in the lutein market are listed below:

• Ashland (Wilmington, DE) launched its latest soy-free GPM nutrients and two new additions to its N-dur xr technology line during the SupplySide West 2021. Soy-free GPM nutrients are bound to a food source to increase their bioavailability. The gluten-free, non-GMO, Kosher-certified nutrients are part of a whole-food matrix, gentle on the stomach, and made with a patented process. To address eye strain from excessive screen time, Ashland launched soy-free GPM lutein for companies formulating eye health supplements. (Source: Ashland Global Holdings Inc, Press Release, November 2021)

Lutein Market Report Coverage and Deliverables

The " Lutein Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Lutein market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Lutein market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter's Five Forces and SWOT analysis
• Lutein market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the lutein market
• Detailed company profiles