Europe Lutein Market Size, Share & Industry Trends Analysis Report By Form (Powder & Crystalline, Beadlet, Emulsion, and Oil Suspension), By Source (Synthetic, and Natural), By Application, By Country and Growth Forecast, 2023 - 2030
Description
Europe Lutein Market Size, Share & Industry Trends Analysis Report By Form (Powder & Crystalline, Beadlet, Emulsion, and Oil Suspension), By Source (Synthetic, and Natural), By Application, By Country and Growth Forecast, 2023 - 2030
The Europe Lutein Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 1,060.3 tonnes, showcasing a growth of 2.7% (2019-2022).
Lutein provides several health advantages, including preventing eye conditions like retinitis pigmentosa, cataracts, and age-related macular degeneration (AMD). The market is expanding as a result of these health advantages. Lutein helps to protect and maintain healthy eye cells by filtering damaging high-energy blue light waves. Therefore, lutein serves as a light filter for the eyes to shield them from harm from intense sunshine. More lutein and zeaxanthin in the diet is associated with a lower incidence of AMD.
Manufacturers created functional foods & supplements rich in lutein utilizing naturally derived components as a result of consumer demand for natural and clean-label products. Lutein supplements were created as a result of the trend toward individualized nutrition and were made to meet the demands and health objectives of a particular consumer. Producers began producing lutein in various product formats, such as candies, drinks, snacks, and powders, to meet varied consumer preferences. Companies developed lutein products to cater to different age groups' various eye health demands, including adults, children, and seniors.
Research from the U.K. government titled "Future of an aging population" predicts that by 2040, one in seven individuals in the U.K. will be over 75. It is anticipated that 1.42 million additional families, or a spike of 161% over 25 years, will be headed by someone 85 years or older by 2037. Due to the increasing risk of illnesses like glaucoma, AMD, and others due to this demographic trend, there is a rise in interest in preventative methods for maintaining eye health, boosting the market for lutein supplements. Thus, the rising aging population in European countries is predicted to offer growth prospects to the market participants in the market as they age.
The Germany market dominated the Europe Lutein Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $33.8 Million by 2030. The UK market is anticipated to grow at a CAGR of 4.5% during (2023 - 2030). Additionally, The France market would witness a CAGR of 6.2% during (2023 - 2030).
Based on Form, the market is segmented into Powder & Crystalline, Beadlet, Emulsion, and Oil Suspension. Based on Source, the market is segmented into Synthetic, and Natural. Based on Application, the market is segmented into Dietary Supplements, Beverages, Food, Animal Feed, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, Kemin Industries, Inc., E.I.D. Parry Limited (Murugappa Group), Merck KGaA, Piveg, Inc., Synthite Industries Pvt. Ltd., Dohler GmbH, Sabinsa Corporation (Sami-Sabinsa Group Ltd.), Fenchem Biotek Ltd., and India Glycols Limited
Scope of the Study
Market Segments covered in the Report:
By Form
- Powder & Crystalline
- Beadlet
- Emulsion
- Oil Suspension
- Synthetic
- Natural
- Dietary Supplements
- Beverages
- Food
- Animal Feed
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- BASF SE
- Kemin Industries, Inc.
- E.I.D. Parry Limited (Murugappa Group)
- Merck KGaA
- Piveg, Inc.
- Synthite Industries Pvt. Ltd.
- Dohler GmbH
- Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
- Fenchem Biotek Ltd.
- India Glycols Limited
- Exhaustive coverage
- Highest number of market tables and figures
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Table of Contents
139 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Lutein Market, by Form
- 1.4.2 Europe Lutein Market, by Source
- 1.4.3 Europe Lutein Market, by Application
- 1.4.4 Europe Lutein Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market At a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Europe Lutein Market by Form
- 4.1 Europe Powder & Crystalline Market by Country
- 4.2 Europe Beadlet Market by Country
- 4.3 Europe Emulsion Market by Country
- 4.4 Europe Oil Suspension Market by Country
- Chapter 5. Europe Lutein Market by Source
- 5.1 Europe Synthetic Market by Country
- 5.2 Europe Natural Market by Country
- Chapter 6. Europe Lutein Market by Application
- 6.1 Europe Dietary Supplements Market by Country
- 6.2 Europe Beverages Market by Country
- 6.3 Europe Food Market by Country
- 6.4 Europe Animal Feed Market by Country
- 6.5 Europe Others Market by Country
- Chapter 7. Europe Lutein Market by Country
- 7.1 Germany Lutein Market
- 7.1.1 Germany Lutein Market by Form
- 7.1.2 Germany Lutein Market by Source
- 7.1.3 Germany Lutein Market by Application
- 7.2 UK Lutein Market
- 7.2.1 UK Lutein Market by Form
- 7.2.2 UK Lutein Market by Source
- 7.2.3 UK Lutein Market by Application
- 7.3 France Lutein Market
- 7.3.1 France Lutein Market by Form
- 7.3.2 France Lutein Market by Source
- 7.3.3 France Lutein Market by Application
- 7.4 Russia Lutein Market
- 7.4.1 Russia Lutein Market by Form
- 7.4.2 Russia Lutein Market by Source
- 7.4.3 Russia Lutein Market by Application
- 7.5 Spain Lutein Market
- 7.5.1 Spain Lutein Market by Form
- 7.5.2 Spain Lutein Market by Source
- 7.5.3 Spain Lutein Market by Application
- 7.6 Italy Lutein Market
- 7.6.1 Italy Lutein Market by Form
- 7.6.2 Italy Lutein Market by Source
- 7.6.3 Italy Lutein Market by Application
- 7.7 Rest of Europe Lutein Market
- 7.7.1 Rest of Europe Lutein Market by Form
- 7.7.2 Rest of Europe Lutein Market by Source
- 7.7.3 Rest of Europe Lutein Market by Application
- Chapter 8. Company Profiles
- 8.1 BASF SE
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Acquisition and Mergers:
- 8.1.5.2 Expansions:
- 8.1.6 SWOT Analysis
- 8.2 Kemin Industries, Inc.
- 8.2.1 Company Overview
- 8.2.2 SWOT Analysis
- 8.3 E.I.D. Parry Limited (Murugappa Group)
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 SWOT Analysis
- 8.4 Merck KGaA
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 SWOT Analysis
- 8.5 Piveg, Inc.
- 8.5.1 Company Overview
- 8.5.2 SWOT Analysis
- 8.6 Synthite Industries Pvt. Ltd.
- 8.6.1 Company Overview
- 8.6.2 SWOT Analysis
- 8.7 Dohler GmbH
- 8.7.1 Company Overview
- 8.7.2 SWOT Analysis
- 8.8 Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
- 8.8.1 Company Overview
- 8.8.2 SWOT Analysis
- 8.9 Fenchem Biotek Ltd.
- 8.9.1 Company Overview
- 8.9.2 SWOT Analysis
- 8.10. India Glycols Limited
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 SWOT Analysis
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