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., Canada, 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.
Luteins are referred to be naturally occurring carotenoids that have huge functions, particularly in food and beverages. The advantages of lutein involve avoidance against the eye diseases.
Major factors that are expected to boost the growth of the lutein market in the forecast period are the rise in the scope of function. Furthermore, the preventative healthcare and nutraceuticals is further anticipated to propel the growth of the lutein market. Moreover, the increase in the need for natural colorants is further estimated to cushion the growth of the lutein market. on the other hand, the dangerous effects of high doses of lutein and the strict governing and approval norms is further projected to impede the growth of the lutein market in the timeline period.
In addition, the development in the new application areas will further provide potential opportunities for the growth of the lutein market in the coming years. However, the maturity of the dietary supplement application might further challenge the growth of the lutein market in the near future.
This lutein market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on lutein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Lutein Market Scope and Market Size
- The lutein market is segmented on the basis of form, source, application and production process. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of form, the lutein market is segmented into powder and crystalline, oil suspension, beadlet, emulsion.
- On the basis of source, the lutein market is segmented into natural, synthetic.
- On the basis of application, the lutein market is segmented into food, beverages, dietary supplements, animal feed, pharmaceuticals, and personal care products. Food is further sub segmented into bakery and confectionery products, infant formula and formulated supplementary food products, dairy products and others. Others are further sub segmented into soups and soup mixes, sauces, jams, and salad dressings. Beverages is further sub segmented into aerated and carbonated drinks, Rtd beverages, sports and energy drinks, juice concentrates and fruit juices and others. Others are further sub segmented into squashes, syrups, smoothies, shakes, and bottled water.
- On the basis of production process, the lutein market is segmented into chemical synthesis, extraction from botanical material, fermentation, algae route.
Lutein Market Country Level Analysis
The lutein market is analysed and market size, volume information is provided by country, form, source, application and production process as referenced above.
The countries covered in the lutein market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the lutein market due to the danger of getting cancer before the age of 75. Furthermore, the rise in the pharmaceutical industry will further boost the growth of the lutein market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the lutein market due to the rise in the health diseases like cardiovascular, cancer and diabetes.
The country section of the lutein market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lutein Market Share Analysis
The lutein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lutein market.
The major players covered in the lutein market report are FENCHEM, Divi's Nutraceuticals, LycoRed Ltd., PIVEG, INC., Vitae Caps S.A., Digestive Disease Week, Chr. Hansen Holding A/S, Chenguang Biotech Group Co., Ltd, FMC Corporation, BASF SE, Kemin Industries, Inc, OmniActive Health Technologies, Allied Biotech Corporation, KATRA GROUP, Döhler Group, E.I.D. - Parry (India) Limited, Synthite Industries Ltd, Nature’s Bounty., NutraMarks, Inc., Natural Grocers by Vitamin Cottage, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.