Global Lutein and Lutein Esters Market Growth 2023-2029

Global Lutein and Lutein Esters Market Growth 2023-2029

The Lutein and Lutein Esters industry can be broken down into several segments, Powder/Concrete, Oil, etc. Lutein is a xanthophyll and one of 600 known naturally occurring carotenoids. Lutein is synthesized only by plants and like other xanthophylls is found in high quantities in green leafy vegetables such as spinach, kale and yellow carrots. In green plants, xanthophylls act to modulate light energy and serve as non-photochemical quenching agents to deal with triplet chlorophyll (an excited form of chlorophyll), which is overproduced at very high light levels, during photosynthesis. Lutein is an antioxidant that belongs to the carotenoid group. It’s found in high amounts in leafy greens and orange-yellow vegetables as well as dietary supplements. Lutein is important for maintaining eye health and reducing the risk of macular degeneration and cataracts. It may also have protective effects on our skin and cardiovascular system. Lutein is a carotenoid that has been shown to support vision health. Lutein is available in two forms–lutein esters and free lutein. Across the world, the major players cover Chenguang Biotech Group Co., Ltd, Qingdao Scitech Biotech Co., Ltd., Synthite, etc.
LPI (LP Information)' newest research report, the “Lutein and Lutein Esters Industry Forecast” looks at past sales and reviews total world Lutein and Lutein Esters sales in 2022, providing a comprehensive analysis by region and market sector of projected Lutein and Lutein Esters sales for 2023 through 2029. With Lutein and Lutein Esters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lutein and Lutein Esters industry.
This Insight Report provides a comprehensive analysis of the global Lutein and Lutein Esters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lutein and Lutein Esters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lutein and Lutein Esters market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lutein and Lutein Esters and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lutein and Lutein Esters.
The global Lutein and Lutein Esters market size is projected to grow from US$ 160.4 million in 2022 to US$ 248.2 million in 2029; it is expected to grow at a CAGR of 248.2 from 2023 to 2029.
Global Lutein and Lutein Esters key players include Chenguang Biotech Group Co.,Ltd., Kemin Industries, Synthite, etc. Global top three manufacturers hold a share about 35%. Asia Pacific is the largest market, with a share about 57%, followed by North America and Europe, both have a share over 41 percent. In terms of product, Lutein Esters is the largest segment, with a share over 72%. And in terms of application, the largest application is Additives, followed by Pharmaceuticals/Dietary Supplement, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Lutein and Lutein Esters market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
by Form
Powder/Concrete
Oil
by Type
Free Lutein
Lutein Esters
Segmentation by application
Additives
Pharmaceuticals/Dietary Supplement
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Chenguang Biotech Group Co.,Ltd.
Kemin Industries
Synthite
Qingdao Scitech Biotech Co., Ltd.
OmniActive
Katra Phytochem Pvt ltd.
Piveg
Divis
Lycored
IOSA
Allied Biotech Corporation
Chr.Hansen Holding A/S
Tian Yin Biotechnology
Key Questions Addressed in this Report
What is the 10-year outlook for the global Lutein and Lutein Esters market?
What factors are driving Lutein and Lutein Esters market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Lutein and Lutein Esters market opportunities vary by end market size?
How does Lutein and Lutein Esters break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.