Worldwide demand for lutein is expected to surge at a CAGR of 6.3% from 2022 to 2032. In 2022, the global lutein market is valued at US$ 330.3 million and is anticipated to reach US$ 611.2 million by the end of 2032.
In other words, it does act as one of the internal sunglasses absorbing blue light. The human retina could, thus, be far from getting damaged through direct sunlight or even numerous artificial light sources. Intake of lutein also curtails risk of AMD (Age-related Macular Degeneration).
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Research states that lutein is capable of averting various kinds of cancer (breast cancer, in particular), type 2 diabetes, skin disorders, and coronary heart diseases.
Additionally, eye-oriented ailments like cataracts, diabetic retinopathy, glaucoma, and the other age-related macular degeneration that could be resulting in loss of vision are the factors calling for consumption of lutein, thereby driving the lutein market.
Why is the World Witnessing High Demand Growth for Lutein?
“Growing Consumer Awareness about Benefits of Lutein Intake Driving Market Expansion”
Rise in the demand for lutein as a health supplement, its increasing usage as a natural colorant in food & beverage applications, as well as its usage as an additive for animal feed are among the factors anticipated to fuel the demand for this ingredient in numerous consumer markets.
Mounting customer awareness about the benefits of lutein intake, coupled with an increase in the number of health-conscious people, has led to an increase in spending on superior lutein products, which is consequently driving the market.
The suppleness and moisture content of the skin are both preserved by lutein. It is mainly present in plants and vegetables with green, leafy foliage and has anti-inflammatory qualities. The rising incidence of health problems brought on by poor nutrition and the modern-day lifestyle of people can be attributed to the increased demand for lutein.
Key Trends:
- Increasing Demand for Eye Health Supplements: Lutein is well-known for its role in supporting eye health, particularly in reducing the risk of age-related macular degeneration (AMD) and improving overall visual function. As the aging population grows, the demand for supplements containing lutein and other eye health-promoting compounds was expected to increase.
- Rising Interest in Natural Ingredients: Consumers have been showing a preference for natural and plant-based ingredients in their dietary supplements and functional foods. Lutein, derived from marigold flowers and other natural sources, fits into this trend, as it is a naturally occurring carotenoid.
- Research on Lutein’s Benefits: Ongoing scientific research was exploring additional potential benefits of lutein beyond eye health, including its role as an antioxidant and its possible impact on cognitive function, skin health, and cardiovascular health. Positive findings from these studies could further drive demand for lutein-containing products.
- Beauty and Skin Health Applications: Lutein’s antioxidant properties make it a potential ingredient for skin health and beauty products. Some skincare and cosmetic companies were incorporating lutein into their formulations due to its ability to protect the skin from oxidative stress and UV damage.
- Functional Foods and Beverages: Lutein was being incorporated into a variety of functional foods and beverages, such as fortified juices, smoothies, and snacks. These products were marketed for their potential to support eye health and overall well-being.
- Regulatory Considerations: Regulations regarding health claims and labeling for dietary supplements and functional foods were evolving. Manufacturers needed to navigate these regulations to ensure accurate and compliant marketing of their lutein-containing products.
- Global Market Growth: The lutein market was experiencing growth globally, driven by factors like increased consumer awareness of eye health, expanding middle-class populations in emerging economies, and the growing trend of preventive healthcare.
- Strategic Partnerships: Some companies in the food, pharmaceutical, and dietary supplement industries were forming partnerships with suppliers of lutein ingredients to ensure a consistent supply chain and to develop innovative products.
Key Segments Covered in the Lutein Industry Survey
- Lutein Market by Product Form :
- Powder & Crystalline Lutein
- Oil Suspension Lutein
- Beadlet Lutein
- Emulsion Lutein
- Lutein Market by End Use :
- Food
- Pharmaceuticals
- Nutraceuticals
- Dietary Supplements
- Lutein Market by Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Competitive Landscape
The key participants are focusing on integration of lutein in food products, so as to have an edge over one another in the lutein market.
- VitaLutS (launched by Vitiva), comes across as one of the lutein-esters made out of marigold flowers. The manufacturers could manufacture smaller tablets as well as capsules due to the enhanced purity of VitaLuts.
Key players in the Lutein Market
- BASF SE
- DSM Nutritional Products AG
- Hansen Holding A/S
- Jarrow Formulas, Inc.
- Nature’s Bounty, Inc.
- Rexall Sundown, Inc.
- Kemin Industries, Inc.
- JF-Pharmaland Technology Development Co., Ltd.
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Key Takeaways from Lutein Market Study
- North America holds 31.3% of the entire market.
- Europe contributes for 25.6% of the market share.
- The global lutein market is projected to reach US$ 611.2 Mn by the year 2032.
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