Global Lutein Market Growth 2023-2029

Global Lutein Market Growth 2023-2029

Lutein, a member of the carotenoid group, is a yellow pigment that exists in higher plants and other photoautotrophic organisms like algae. Lutein is used as a feed additive to brighten the colors of poultry feathers and deepen the yellow of egg yolk. Lutein is also used to add flavor and color to foods. Additionally, lutein, an effective functional nutrient, can benefit human health by, say, ameliorating cardiovascular diseases and age-related macular degeneration (AMD).

LPI (LP Information)' newest research report, the “Lutein Industry Forecast” looks at past sales and reviews total world Lutein sales in 2022, providing a comprehensive analysis by region and market sector of projected Lutein sales for 2023 through 2029. With Lutein sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lutein industry.

This Insight Report provides a comprehensive analysis of the global Lutein 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lutein market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lutein 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.

The global Lutein market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In USA market, key players include Kemin, BASF, Omniactive, Allied Biotech Corporation, Divis Nutraceuticals and Katra Phyto, etc. Top 5 players hold a share about 50%.

This report presents a comprehensive overview, market shares, and growth opportunities of Lutein market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Free Lutein

Lutein Esters

Segmentation by application

Pharmaceutical

Dietary Supplement

Food Additives

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.

Kemin

BASF

Omniactive

DDW

FMC BioPolymer

PIVEG

IOSA

Allied Biotech Corporation

Chr Hansen

LycoRed

Vitae Naturals

Divis Nutraceuticals

Katra Phyto

Chenguang Biotech Group

Fenchem

Tian Yin Biotechnology

Lvchuan

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lutein market?

What factors are driving Lutein market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lutein market opportunities vary by end market size?

How does Lutein 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.