A market research and competitive intelligence provider termed as Fact.MR says that the global Lutein market would reach US$ 330.3 Million in 2022 and go for a passable CAGR of 6.3% between 2022 and 2032. Lutein does aid in upholding MPOD (macular Pigment Optical Sensitivity). This, in turn, does extend support to healthy vision.
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).
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 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 :
- Dietary Supplements
- Lutein Market by Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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.
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.
Fact.MR’s Domain Knowledge in Food & Beverages Division
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Food & Beverages team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analysed the Food & Beverages division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.