Lutein Market Size - By Source (Natural, Synthetic), By Form (Powder Lutein, Beadlet Lutein, Emulsion Lutein, Oil Suspension Lutein), By Application (Dietary Supplements, Functional Foods, Pharmaceuticals, Animal Feed) & Global Forecast, 2023 - 2032

Lutein Market Size - By Source (Natural, Synthetic), By Form (Powder Lutein, Beadlet Lutein, Emulsion Lutein, Oil Suspension Lutein), By Application (Dietary Supplements, Functional Foods, Pharmaceuticals, Animal Feed) & Global Forecast, 2023 - 2032

Global Lutein Market size is poised to record 5.7% CAGR from 2023-2032, on account of growing interest in cosmetic and skincare products worldwide.

Lutein offers potential benefits for skin health as it helps to protect against UV radiation whilst rendering enhanced hydration and elasticity. To that end, the demand for lutein-containing beauty products has gained significant traction. For instance, in January 2023, Caliray debuted its Get Lit skin and mood enhancing supplement comprising lutein to mark its foray into the growing beauty supplement category. The ongoing R&D efforts aimed at improving the bioavailability, performance, and versatility of lutein in various applications will also drive the market expansion.

The overall lutein industry is segmented based on source, form, application, and region.

In terms of form, the emulsion lutein industry size may record appreciable CAGR from 2023-2032 owing to extensive adoption in functional beverages and dairy products to enhance the nutritional profile and fortification. Lutein emulsions act as nutraceutical ingredients in food items to improve eye health and are also largely incorporated into eye drops to help manage certain eye conditions. Growing usage in creating convenient delivery forms, such as chewable supplements and gummies will also drive the demand for lutein emulsions.

On the basis of application, the lutein market value from the pharmaceuticals segment is expected to expand up to 2032 due to increasing assistance to support vision and eye health. Owing to its ability to protect skin from UV radiation and offer improved skin hydration and elasticity, lutein is incorporated in pharmaceutical products to render potential skin health benefits. The surging focus of several pharma companies on developing specialized formulations of lutein supplements to address eye health, skin health and overall antioxidant support will also push the segment growth.

Regionally, Europe lutein industry size is projected to record notable CAGR through 2032. The rising burden of age-related macular degeneration (AMD) and cataracts in the region has led to the growing focus on promotion of eye health. As per NHS England, more than 400,000 cataract surgeries are conducted per year in England. The influx of stringent regulations for health claims and labeling of dietary supplements imposed by EU will also add to the regional product demand.