Global Lutein Market 2024-2028
The lutein market is forecasted to grow by USD 126.8 mn during 2023-2028, accelerating at a CAGR of 5.98% during the forecast period. The report on the lutein market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by aging population driving spending on lutein-based dietary supplements, increase in demand for lutein as a natural colorant in food and beverage applications, and use of lutein in animal feed additives.
Technavio's lutein market is segmented as below:
- By Source
- Synthetic
- Natural
- By Application
- Dietary supplements
- Food and beverages
- Pharmaceuticals
- Others
- By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the increasing adoption of health and wellness food as one of the prime reasons driving the lutein market growth during the next few years. Also, increasing government initiatives for diabetes and heart problems and increasing penetration of private-label products will lead to sizable demand in the market.
The report on the lutein market covers the following areas:
- Lutein market sizing
- Lutein market forecast
- Lutein market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lutein market vendors that include ADAMA Ltd., Allied Biotech Corp., BASF SE, Bio Med Ingredients, Chr Hansen Holding AS, Dohler GmbH, EID Parry India Ltd., FENCHEM, IOSA Industrial Organica, Katra Phytochem Pvt. Ltd., Kensing LLC, Koninklijke DSM NV, Natural Grocers by Vitamin Cottage Inc., Nestle SA, Nutraceutical Corp., Nutramarc Sports Nutrition and Co., OmniActive Health Technologies, Piveg Inc., Synthite Industries Pvt. Ltd., and Zhejiang Medicine Co. Ltd.. Also, the lutein market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.