Lutein and Lutein Esters Market Size, Share, Growth, And Industry Analysis, By Type (by Form, Powder/Concrete, Oil, by Type, Free Lutein and Lutein Esters), By Application (Additives and Pharmaceuticals/Dietary Supplement), Regional Forecast To 2032

Updated On: 22 April 2024

Lutein and Lutein Esters Market Report Overview

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global Lutein and Lutein Esters market size was USD 152 million in 2020 and market is projected to touch 318.001 Million By 2032, exhibiting a CAGR of 6.2% during the forecast period.

 Lutein is a carotenoid, which is a type of pigment found in plants. It is responsible for the yellow and orange colours in various fruits and vegetables. Lutein is particularly abundant in leafy green vegetables, such as kale, spinach, and broccoli, as well as in marigold flowers.

Lutein is known for its antioxidant properties and is often referred to as "the eye vitamin" because it is found in high concentrations in the macula of the human eye. The macula is responsible for central vision and is essential for tasks like reading, driving, and recognizing faces. Lutein plays a crucial role in maintaining eye health and protecting against age-related macular degeneration (AMD), a leading cause of vision loss in older adults. It helps filter harmful high-energy blue light and neutralizes free radicals, which can cause oxidative damage to the eyes.

"COVID-19 Impact: Pandemic Hamper the Demand of Lutein and Lutein Esters to Market Growth "

The COVID-19 pandemic has had various impacts on different industries and sectors, including the production and availability of certain dietary supplements like lutein and lutein esters. The pandemic has caused disruptions in global supply chains due to restrictions on transportation, trade, and manufacturing. These disruptions could affect the sourcing and availability of lutein-rich ingredients, such as marigold flowers, which are used to extract lutein and produce lutein esters. 

Latest Trends

"Research on Lutein and Eye Health will Propel Market Growth   "

 Ongoing studies continue to explore the relationship between lutein and eye health. Recent research suggests that lutein supplementation may have a protective effect against blue light-induced damage to the retina and could potentially help reduce the risk of developing age-related macular degeneration (AMD). Additionally, studies are investigating the potential benefits of lutein for conditions like diabetic retinopathy and cataracts.  

Lutein and Lutein Esters Market Segmentation

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• By Type Analysis

According to type, the lutein and lutein esters market can be segmented into by form, powder/concrete, oil, by type, free lutein, and lutein esters.  

In terms of type, by form are anticipated to be the largest segment during the forecast period.  

• By Application Analysis

Based on application, the lutein and lutein esters market can be divided into additives and pharmaceuticals/dietary supplement.

In terms of application, the additives market is projected to hold a lutein and lutein esters market share through 2032.  

Driving Factors 

"Increased Awareness of Eye Health Will Drive Market Growth "

Growing awareness about the importance of maintaining eye health has driven the demand for lutein and lutein esters. As people become more conscious of the potential risks posed by factors like blue light exposure and age-related eye conditions, there is a greater emphasis on incorporating eye-protective nutrients like lutein into daily routines.

"Aging Population and Eye Conditions Will Boost Market Growth  "

 With a rising global aging population, the prevalence of age-related eye conditions, such as macular degeneration and cataracts, is increasing. Lutein and lutein esters have been extensively studied for their potential role in reducing the risk and progression of these conditions, driving their demand as a preventive measure and complementary treatment option.

Restraining Factors

"Limited Awareness and Education Will Hinder Market Growth "

Despite the growing awareness of eye health, there is still a lack of widespread knowledge about the specific benefits of lutein and lutein esters. Many individuals may not be familiar with these nutrients and their potential role in maintaining eye health. Insufficient education and awareness campaigns can hinder the adoption of lutein and lutein ester supplements.

Lutein and Lutein Esters Market Regional Insights

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"The North America Region will Dominate Market Due to Strong Demand Lutein Supplements"

In North America, there is a growing interest in lutein and lutein esters as consumers become more health conscious. The United States and Canada have a well-developed dietary supplement market, and lutein supplements are widely available. The aging population and the prevalence of eye-related health issues drive the demand for lutein products. Moreover, consumer awareness and education campaigns about the benefits of lutein for eye health are relatively prominent in this region.

Europe has a significant market for lutein and lutein ester supplements, driven by increasing consumer awareness of eye health and an aging population. Countries like the United Kingdom, Germany, and France have well-established nutraceutical industries, providing a wide range of lutein products. In Europe, regulatory standards for dietary supplements are strict, ensuring quality and safety. Research and development efforts are focused on improving the bioavailability of lutein and developing innovative delivery systems.

Key Industry Players

"Adoption Recycling Services by Key Players Influencing Market Development"

The top key players in the laser crystal materials market are Chenguang Biotech Group Co.,Ltd., Kemin Industries, Synthite, Qingdao Scitech Biotech Co. Most of the top players hold the lutein and lutein esters market share. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the lutein and lutein esters market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession of market shares by the key players stimulates the lutein and lutein esters market.  

List of Market Players Profiled

• Chenguang Biotech Group Co.,Ltd. (China)
• Kemin Industries (U.S.)
• Synthite (India)
• Qingdao Scitech Biotech Co., Ltd. (China)
• OmniActive (India)
• Katra Phytochem Pvt ltd. (India)
• Piveg (Colombia)
• Divis (India)
• Lycored (Israel)
• IOSA (Italy)
• Allied Biotech Corporation (Taiwan)
• Chr.Hansen Holding A/S (Denmark)
• Tian Yin Biotechnology (China)

Report Coverage

This report examines an understanding of the lutein and lutein esters market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.