Lutein Market was valued at USD 288.41 Million in 2020 and is expected to reach at USD 463.16 Million by 2027 at a CAGR of 6.10% over forecast period 2020-2027. To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2026. 2020 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2021 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Lutein Market Overview:Lutein is naturally occurring carotenoids that have huge applications, especially in food & beverages. Benefits of lutein include prevention against eye diseases as well as to promote the healthy vision. The growth of Lutein market is driven by rising demand for eye supplements due to the surge in healthcare sector, hectic lifestyle and lack of stable diet have increased health problems such as diabetes, heart diseases, obesity, and stroke will boost the lutein market over forecast period. Global Lutein Market is expected to register CAGR of approximately 6.1% during the forecast period.
Lutein Market Dynamics:Factors such as an increase in demand for lutein as a natural colorant in food and beverage applications, and the use of lutein in animal feed additives are expected to drive the demand for this ingredient in various consumer markets. In addition, increasing government initiatives for diabetes and heart problems is considered to drive the product demand across the end users. Moreover, sheer no. of aged demographics and thereby increasing vitamins and dietary supplement business across the emerging economies is factor augmenting the growth of the product. According to US VMHS Survey, dietary supplements for diabetes, heart problems and other disease accounted for approximately 40% of Lutein market. Moreover, demographics of more than 65 years of age accounted for approximately 36% in terms of unit consumption. In addition, increasing consumer awareness for preventative healthcare across the globe and barrage of information available online are driving the product demand. Majority of self-directed consumers across the emerging economies owing to increasing smartphone penetration and growing internet availability across the globe are the factors attributing opportunities for the prominent players in the market. The trend of self-directed consumers is growing rapidly as consumers are taking the health in their own hands and VMHS and lutein manufacturers are targeting those consumers online as well as offline trough healthcare campaigns. Moreover, personalized VMHS solutions provided by key players in the market and retailers are inclining towards online tools and E commerce for channelizing the products are the factors estimated to drive the growth of the product during the forecast period. More restraints and opportunities are consolidated and analyzed in the report according to 2020 data and real numbers available in the market. In addition, consumers of report will get latest insights for market share and regional penetration of the product in the market with latest consolidation. So that, they can get idea about the market dynamics.
Lutein Market Segmentation Analysis:The Lutein market is segmented by form, by sources, by applications, by production processes, and by geography. By form, powder & crystalline form sub-segment is expected to hold the largest share of approximately 35% followed by oil suspensions over forecast period. Increasing penetration of food and beverages in powdered form of supplements and increasing use of the form in treatment of muscular related issues are the factors driving the segment growth. Among the applications segment, dietary supplements sub-segment held the 29% market share in 2019 and is expected to keep its dominance over forecast period. Dietary supplements contain a good amount of minerals; vitamins and fatty acid that help consumers to stay healthy as well as preventing them from harmful diseases. By source, Synthetic lutein is expected to witness lucrative growth owing to the growing awareness about the benefits of the product and the growing geriatric population globally. Moreover, synthetic production of lutein is more economical and growing automation across the production capacities are the factors driving the segment growth across the globe. On the other hand, increasing popularity of natural products and increasing spending power of consumers for high quality natural ingredients are lowering the demand for synthetic products in the market.
Global Lutein Market Regional Analysis:By geography, market is segmented into APAC, North America, Europe, MEA& Africa and Latin America. Europe is expected to remain the dominant region with a 37.4% market share owing to increasing awareness about the advantages of carotenoid consumption, lutein finds application in pharmaceuticals, animal feed, medicine, and human food. Asia Pacific market is expected to register the highest CAGR of 8.6% over forecast period. Developing economies such as China and India are likely to witness high growth High prevalence of eye disorders coupled with the growing demand for dietary supplements is anticipated to stimulate demand. An Increased health consciousness population and changing consumer lifestyle and preference along with growing awareness regarding the health benefits of the product are considered to drive the product demand. North America is considered to gain prominent share in the market owing to increasing penetration of prominent players in the region of US and Canada and shift in ingredient focused products to broader brand positioning by manufacturers in the region. US market is accounted for approximately 56% market share in terms of sales of Lutein supplements owing to high fragmentation of sales channels in the region. Moreover, increasing concentration of VMHS services across the region is expected to contribute in regional growth during the forecast period.
Global Lutein Market Competitive Landscape:Report covers key development and company profiles of major key players. Some key players are operating in this market are DSM, BASF, Solaray, Sundown, Iorrow, Allied Biotech Corporation, Tianjin Pharmaland, Nature’s Bounty, Chr. Hansen Holding A/S, Kemin Industries, Inc., DDW and The Colour House. By using various inorganic and organic growth strategies such as expansion, strategic alliances, merger and acquisition, new product launches, joint ventures etc. these players are increasing their regional presence and business operations. For instance, In March, 2019, Kemin Industries, announced the launch of organic KEM GLO. Organic KEM GLO, a USDA-certified organic additive helps organic egg producers intensify the color of egg yolks. Organic KEM GLO is an addition to the existing line of Kemin’s cerotenoids such as KEM GLO, ORO GLO and Organic ORO GLO. The product launched by the company provides the egg yolk color benefits and lutein value to eggs. The objective of the report is to present a comprehensive analysis of the Global Lutein Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
Global Lutein Market Trends:• Increasing penetration of private label products: As more decisions are made by consumers owing to their increasing buying power and increasing inclination of private label product manufacturers towards consumer comfort are the key factors posing as market trends and expected to adhere the demand for the product. In addition, retailers are launching new private label offerings for their consumers under label of lifestyle brands which is driving the product penetration on local bases. • Enhanced category sophistication: Pharmaceutical companies and consumer packaged goods providers are increasing the consumer health division to greater extent now. E.g. Purchase of NBTY by Carlyle group, Alacar purchased by Pfizer and New Chapter Co. purchased by P & G Global in year 2019 and 2020 respectively is indicating that trend of nontraditional players in the business are beginning to explore the category as it is the proven source of incremental growth. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Lutein Market dynamics, structure by analyzing the market segments and project the Global Lutein Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Lutein Market make the report investor’s guide.
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Global Lutein Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 288.41 Mn. Forecast Period 2021 to 2027 CAGR: 6.10% Market Size in 2027: US $ 463.16 Mn. Segments Covered: by Form • Powder and crystalline • Beadlet • Oil Suspension by Application • Food • Beverages • Dietary supplements • Animal Feed • Others by Source • Natural • Synthetic by Process • Chemical synthesis • Extraction From botanical materials • Fermentation • Algae Route
Global Keyplayers:• BASF • Anhui Ruisen • Chr. Hansen • Kemin • E.I.D. Parry • Nature’s Bounty • Solaray • Ddw The Color House • Döhler • Lycored • Allied Biotech • Piveg • Fenchem • Zhejiang Medicine • DSM • DDW The Color House • East India Distilleries Parry Limited • OmniActive Health Technologies FAQs: 1. What was the global Lutein market size in 2020? Ans: 288.13 million USD. 2. Which is the dominating Form segment in Global Lutein market? Ans: Powder & crystalline form sub-segment is expected to hold the largest share of approximately 35% followed by oil suspensions over forecast period. Increasing penetration of food and beverages in powdered form of supplements 3. Who are the top companies in Global Lutein market? Ans: BASF (Germany) , Anhui Ruisen (China),Chr. Hansen (Denmark), Kemin (US), E.I.D. Parry (India), Nature’s Bounty (US), Solaray (US), Ddw The Color House (US), Döhler (Germany), Lycored (Israel), Allied Biotech (Taiwan), Piveg (US), Fenchem (China). , Zhejiang Medicine, DSM, DDW the Color House and Others. 4. Which region is dominating the Global Lutein market? Ans: Europe is expected to remain the dominant region with a 37.4% market share owing to increasing awareness about the advantages of carotenoid consumption, lutein finds application in pharmaceuticals, animal feed, medicine, and food. 5. What are the key driving factor for the growth of the Global Lutein market? Ans: Increase in demand for lutein as a natural colorant in food and beverage applications, and the use of lutein in animal feed additives are expected to drive the demand for this ingredient in various consumer markets.
Key Target Audience:• Commercial research & development (R&D) institutions • Associations and industry bodies • Researchers • Traders, distributors, and retailers • Raw material suppliers and distributors • Lutein manufacturers and suppliers • Carotenoid or natural color industry players • Industry experts
Lutein Market1. EXECUTIVE SUMMARY 2. RESEARCH METHODOLOGY 2.1. Market Definition 2.2. Market Scope 2.3. Data Sources 3. MARKET DYNAMICS 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities 4. END-USER OVERVIEW 4.1. Value Chain Analysis 4.2.Lutein Market Industry Trends and Emerging Technologies 5. LUTEIN MARKET, BY FORM 5.1. Introduction 5.2. Lutein Market, by Powder & Crystalline 5.2.1. Powder & Crystalline Market Overview 5.2.2. Powder & Crystalline Market Size & Forecast 5.3. Lutein Market, by Oil Suspension 5.3.1. Oil Suspension Market Overview 5.3.2. Oil Suspension Market Size & Forecast 5.4. Lutein Market, by Beadlet 5.4.1. Beadlet Market Overview 5.4.2. Beadlet Market Size & Forecast 5.5. Lutein Market, by Emulsion 5.5.1. Emulsion Market Overview 5.5.2. Emulsion Market Size & Forecast 6. LUTEIN MARKET, BY SOURCE 6.1. Introduction 6.2. Lutein Market, by Natural 6.2.1. Natural Market Overview 6.2.2. Natural Market Size & Forecast 6.3. Lutein Market, by Synthetic 6.3.1. Synthetic Market Overview 6.3.2. Synthetic Market Size & Forecast 7. LUTEIN MARKET, BY APPLICATION 7.1. Introduction 7.2. Lutein Market, by Food 7.2.1. Food Market Overview 7.2.2. Food Market Size & Forecast 7.3. Lutein Market, by Beverages 7.3.1. Beverages Market Overview 7.3.2. Beverages Market Size & Forecast 7.4. Lutein Market, by Dietary Supplements 7.4.1. Dietary Supplements Market Overview 7.4.2. Dietary Supplements Market Size & Forecast 7.5. Lutein Market, by Animal Feed 7.5.1. Animal Feed Market Overview 7.5.2. Animal Feed Market Size & Forecast 7.6. Lutein Market, by Other Applications 7.6.1. Other Applications Market Overview 7.6.2. Other Applications Market Size & Forecast 8. LUTEIN MARKET, BY PRODUCTION PROCESS 8.1. Introduction 8.2. Lutein Market, by Chemical Synthesis 8.2.1. Chemical Synthesis Market Overview 8.2.2. Chemical Synthesis Market Size & Forecast 8.3. Lutein Market, by Extraction From Botanical Material 8.3.1. Extraction From Botanical Material Market Overview 8.3.2. Extraction From Botanical Material Market Size & Forecast 8.4. Lutein Market, by Fermentation 8.4.1. Fermentation Market Overview 8.4.2. Fermentation Market Size & Forecast 8.5. Lutein Market, by Algae Route 8.5.1. Algae Route Market Overview 8.5.2. Algae Route Market Size & Forecast 9. LUTEIN MARKET, BY GEOGRAPHY 9.1. North America Lutein Market 9.1.1. North America Lutein Market, by Form 9.1.2. North America Lutein Market, By Source 9.1.3. North America Lutein Market, By Application 9.1.4. North America Lutein Market, By Production Process 9.1.5.North America Lutein Market, by Region 220.127.116.11. U.S. Lutein Market 18.104.22.168. Canada Lutein Market 22.214.171.124. Rest Of North America Lutein Market 9.2. Europe Lutein Market 9.2.1. Europe Lutein Market, by Form 9.2.2. Europe Lutein Market, by Source 9.2.3. Europe Lutein Market, by Application 9.2.4. Europe Lutein Market, by Production Process 9.2.5. Europe Lutein Market, by Region 126.96.36.199. France Lutein Market 188.8.131.52. Germany Lutein Market 184.108.40.206. U.K .Lutein Market 220.127.116.11. Rest Of Europe Lutein Market 9.3. Asia Pacific Lutein Market 9.3.1. Asia-Pacific Lutein Market, by Form 9.3.2. Asia-Pacific Lutein Market, by Source 9.3.3. Asia-Pacific Lutein Market, by Application 9.3.4. Asia-Pacific Lutein Market, by Production Process 9.3.5. Asia-Pacific Lutein Market, by Region 18.104.22.168. China Lutein Market 22.214.171.124. Japan Lutein Market 126.96.36.199. India Lutein Market 188.8.131.52. Australia Lutein Market 184.108.40.206. South Korea Lutein Market 220.127.116.11. Rest Of Asia Pacific Lutein Market 9.4. Middle East & Africa Lutein Market 9.4.1. Middle East & Africa Lutein Market, by Form 9.4.2. Middle East & Africa Lutein Market, by Source 9.4.3. Middle East & Africa Lutein Market, by Application 9.4.4. Middle East & Africa Lutein Market, by Production Process 9.4.5. Middle East & Africa Lutein Market, by Region 18.104.22.168. North Africa Lutein Market 22.214.171.124. South Africa Lutein Market 126.96.36.199. GCC Lutein Market 188.8.131.52. Egypt Lutein Market 184.108.40.206. Nigeria Lutein Market 220.127.116.11. Rest Of Middle East & Africa Lutein Market 9.5. Latin America Lutein Market 9.5.1. Latin America Lutein Market, by Form 9.5.2. Latin America Lutein Market, by Source 9.5.3. Latin America Lutein Market, by Application 9.5.4. Latin America Lutein Market, by Production Process 9.5.5. Latin America Lutein Market, by Region 18.104.22.168. Brazil Lutein Market 22.214.171.124. Argentina Lutein Market 126.96.36.199. Columbia Lutein Market 188.8.131.52. Mexico Lutein Market 184.108.40.206. Rest Of Latin America Lutein Market 10. MARKET COMPETITION ANALYSIS 10.1 Market Share/Positioning Analysis 10.2 Key Innovators 10.3 Company Profiles 10.3.1 BASF 10.3.1.1 Overview 10.3.1.2 Products/ End-User 10.3.1.3 Strategy 10.3.1.4 Key Developments 10.3.2 Anhui Ruisen 10.3.2.1 Overview 10.3.2.2 Products/ End-User 10.3.2.3 Strategy 10.3.2.4 Key Developments 10.3.3 Chr. Hansen 10.3.3.1 Overview 10.3.3.2 Products/ End-User 10.3.3.3 Strategy 10.3.3.4 Key Developments 10.3.4 Kemin 10.3.4.1 Overview 10.3.4.2 Products/ End-User 10.3.4.3 Strategy 10.3.4.4 Key Developments 10.3.5 Nature’s Bounty 10.3.5.1 Overview 10.3.5.2 Products/ End-User 10.3.5.3 Strategy 10.3.5.4 Key Developments 10.3.6 E.I.D. Parry 10.3.6.1 Overview 10.3.6.2 Products/ End-User 10.3.6.3 Strategy 10.3.6.4 Key Developments 10.3.7 Ddw The Color House 10.3.7.1 Overview 10.3.7.2 Products/ End-User 10.3.7.3 Strategy 10.3.7.4 Key Developments 10.3.8 Döhler 10.3.8.1 Overview 10.3.8.2 Products/ End-User 10.3.8.3 Strategy 10.3.8.4 Key Developments 10.3.9 Allied Biotech 10.3.9.1 Overview 10.3.9.2 Products/ End-User 10.3.9.3 Strategy 10.3.9.4 Key Developments 10.3.10 Zhejiang Medicine 10.3.10.1 Overview 10.3.10.2 Products/ End-User 10.3.10.3 Strategy 10.3.10.4 Key Developments 10.3.11 DSM 10.3.11.1 Overview 10.3.11.2 Products/ End-User 10.3.11.3 Strategy 10.3.11.4 Key Developments 10.3.12 DDW The Color House 10.3.12.1 Overview 10.3.12.2 Products/ End-User 10.3.12.3 Strategy 10.3.12.4 Key Developments 10.3.13 East India Distilleries Parry Limited 10.3.13.1 Overview 10.3.13.2 Products/ End-User 10.3.13.3 Strategy 10.3.13.4 Key Developments 10.3.14 OmniActive Health Technologies 10.3.14.1 Overview 10.3.14.2 Products/ End-User 10.3.14.3 Strategy 10.3.14.4 Key Developments