Lutein Market by Form (Beadlet, Emulsion, Oil Suspension), Process (Algae Route, Chemical Synthesis, Extraction From Botanical Material), Source, Application - Global Forecast 2024-2030

Lutein Market by Form (Beadlet, Emulsion, Oil Suspension), Process (Algae Route, Chemical Synthesis, Extraction From Botanical Material), Source, Application - Global Forecast 2024-2030

The Lutein Market size was estimated at USD 452.28 million in 2023 and expected to reach USD 509.84 million in 2024, at a CAGR 13.21% to reach USD 1,078.18 million by 2030.

Lutein is a naturally available carotenoid pigment that is an essential nutrient for maintaining optimal eye health, inhibits age-related macular degeneration (AMD), and protects against harmful blue light. It belongs to the xanthophyll sub-group of carotenoids known for its antioxidant properties. The increasing cases of age-related ocular disorders such as AMD, the rising geriatric population, and growing awareness about preventive healthcare measures increase the need for lutein. However, stringent regulations on product approval due to safety concerns and variations in raw material prices affect the growth of the lutein market. Nevertheless, developing innovative delivery systems for better bioavailability and efficacy of lutein-containing products is expected to create potential opportunities for the lutein market.

Regional Insights

In America, the lutein market is experiencing growth owing to growing consumer awareness about the health benefits of lutein and its role as an essential nutrient for eye health. The widespread prevalence of age-related macular degeneration (AMD) and cataracts in this region contributes to the demand for lutein-based dietary supplements and functional foods.

In the APAC region, rapid urbanization, rising disposable income levels, and an aging population have created demand for nutraceutical products that contain lutein. Countries such as China and India are emerging as leading contributors to regional growth due to their large population base and improving healthcare infrastructure. Increased awareness about AMD prevention and eye health maintenance has led to a surge in demand for lutein-based supplements targeting children's nutrition needs as well. The robust pharmaceutical industry in this region also highlights opportunities for expansion in markets such as Japan, South Korea, Australia, Indonesia, and Thailand, among others. In the EMEA region, European countries witnessed a significant number of eye disorders, including AMD and cataracts. The sophisticated healthcare infrastructure increasing consumer preference towards organic ingredients created market growth potential.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Lutein Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing prevalence of the eye disorders
Rising demand for diet supplements

Market Restraints

Expensive and time consuming processing for lutein

Market Opportunities

Increasing impotence and usage of lutein in cosmatics & personal care
Focused R&D initiatives for new developments in lutein

Market Challenges

Stringent regulatory and approval norms for the lutein

Market Segmentation Analysis

Form: Increasing adoption of beadlets offering high absorption rates due to their larger surface area
Process: Rising utilization of fermentation-based processes owing to minimal environmental impact
Source: Proliferating use of synthetic lutein for its affordability and versatility in formulation
Applications: Emerging use of lutein in pharmaceuticals due to its potential in treating eye disorders

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Lutein Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Lutein Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Fortifeye Launches Zinc-Free Supplement for AMD

Fortifeye Vitamins launched the Next Gen Zinc-Free Macular Defense Formula, a cutting-edge supplement to address age-related macular degeneration. This ground-breaking formula combines vital vitamins, minerals, and antioxidants, including lutein and zeaxanthin, which synergize to replenish macular pigment density. By incorporating this advanced supplement into one's daily routine, individuals can proactively support their eye health and combat the effects of macular degeneration.

Bausch + Lomb announces U.S. Launch of PreserVision AREDS 2 Formula Soft Gels Plus CoQ10

Bausch + Lomb Corporation introduced the PreserVision AREDS 2 Formula soft gels plus CoQ10 in the United States. This eye vitamin, which combines lutein and zeaxanthin, is highly recommended by the National Eye Institute (NEI). It is particularly beneficial for patients with moderate to advanced age-related macular degeneration (AMD) as it helps reduce the risk of disease progression.

Herbalife Nutrition India Enters the Eye Health Segment with a new Supplement

Herbalife Nutrition India introduced Ocular Defense, a product specifically formulated to promote and maintain optimal eye health. This innovative formula features a powerful combination of lutein and zeaxanthin, clinically proven to support macular health. By utilizing the Macular Pigment Optical Density (MPOD) measurement, Ocular Defense effectively assesses the density of pigments in the macula, ultimately enhancing visual clarity and acuity.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Lutein Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Lutein Market, highlighting leading vendors and their innovative profiles. These include AdvaCare Pharma, Allied Biotech Corporation, Amway Corporation, Anhui Ruisen Bio-Tech Co.,Ltd., Ashland Inc., BASF SE, Bausch & Lomb Incorporated, Divi’s Laboratories Ltd., Doehler Group SE, E.I.D. – Parry Limited, Fenchem, Inc., Industrial Organica S.A. de C.V., Jarrow Formulas, Inc., Kemin Industries Inc., Koninklijke DSM N.V., Lycored Corp., Natures Bounty, Inc., Nutraceutical Corporation, Omniactive Health Technologies Limited, Piveg Inc., Pure Encapsulations, LLC, Sabinsa Corporation, Synthite Industries Pvt. Ltd., and Zhejiang Medicine Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Lutein Market to forecast the revenues and analyze trends in each of the following sub-markets:

Form
Beadlet
Emulsion
Oil Suspension
Powder & Crystalline
Process
Algae Route
Chemical Synthesis
Extraction From Botanical Material
Fermentation
Source
Natural
Synthetic
Application
Animal Feed
Beverages
Dietary Supplements
Food
Personal Care Products
Pharmaceuticals
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year