Lutein Market to Grow with a CAGR of 5.16% through 2028
Rising cataract prevalence and
growing consumer awareness is expected to drive the Global Lutein Market growth
in the forecast period, 2024-2028.
According to TechSci Research
report, “Global Lutein Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Lutein Market stood at USD 401.02 Million in 2022 and is anticipated to grow with a CAGR of 5.16% in the
forecast period, 2024-2028. This is primarily driven by the growing demand for
dietary supplements, particularly for eye care. These supplements act as
antioxidants and support eye function, promoting healthy vision and addressing
health issues like diabetes and heart problems. For example, in Australia,
lutein supplements are classified as medicines on the Australian Register of
Therapeutic Goods, ensuring their safety for consumption. Similarly, in New
Zealand, these supplements are approved as nutritive substances that can be
added to infant and follow-on formulas.
Several factors contribute to the
demand for lutein across various consumer markets. The increasing use of lutein
as a natural colorant in food and beverage applications, as well as its
incorporation in animal feed additives, are expected to drive the demand for
this ingredient. Moreover, government initiatives aimed at addressing diabetes
and heart problems play a significant role in driving the demand for lutein
among end users. Additionally, the growing population of elderly individuals,
particularly in emerging economies, contributes to the increasing demand for vitamins
and dietary supplements. According to the United States VMHS Survey,
approximately 40% of the lutein market is attributed to dietary supplements for
diabetes, heart problems, and other diseases. Furthermore, individuals aged 65
and above account for approximately 36% of unit consumption. The rise in
consumer awareness regarding preventive healthcare, coupled with the abundance
of information available online, further fuels the demand for lutein.
The increasing prevalence of
vision impairment and the rise in myopic population, attributed to extensive
screen usage and participation in virtual meetings while working from home,
serves as a key driver for the market. High myopia is associated with an
elevated risk of progressive eye disorders such as cataracts, glaucoma, and
age-related macular degeneration. Furthermore, the growing preference for eye
health supplements among older individuals and millennials, who are highly
susceptible to digital eye fatigue and myopia, further fuels market growth.
The global online market for
purchasing dietary supplements has witnessed rapid expansion in the past 3-4
years, owing to increased internet penetration. Leading players in this
category, including Amazon, Walmart, and Carrefour, have capitalized on the burgeoning
e-retailing growth and are competing for a substantial market share in the
online supplements space. Lutein, a carotenoid with documented
anti-inflammatory properties, has been extensively studied for its beneficial
effects on eye health. Notably, lutein has shown promising results in improving
or even preventing age-related macular degeneration, the leading cause of
blindness and vision impairment. The rising prevalence of various eye
conditions such as age-related macular degeneration (AMD), dry eye syndrome,
cataracts, and inflammation, coupled with the growing endorsement of eye health
supplements by ophthalmologists for the prevention and treatment of these
disorders, is expected to drive market growth. Several companies are now
focusing on introducing eye health dietary supplements containing lutein
ingredients. For instance, in June 2021, PharmaLinea responded to the
escalating consumer concerns regarding eye health by launching a new range of
lutein-based supplements.
Browse over 26 market data
Figures spread through 91 Pages and an in-depth TOC on "Global
Lutein Market.”
There has been a significant
increase in the adoption of lutein products in Europe, primarily due to the
rising prevalence of age-related macular degeneration (AMD) in the region.
According to a 2019 article titled "Prevalence and incidence of
age-related macular degeneration in Europe" published in the British
Journal of Ophthalmology, AMD is projected to affect 77 million Europeans by
2050, making it the leading cause of irreversible blindness and severe vision
impairment. This emphasizes the high prevalence of AMD among European
populations, which drives the demand for lutein products for both prevention
and treatment of AMD.
Moreover, the presence of
well-established healthcare infrastructure, strong purchasing power, and
increasing adoption of nutraceuticals contribute to the growth of the market.
Additionally, the market is further propelled by product launches, mergers,
collaborations, and acquisitions undertaken by key players in the region.
The Global Lutein Market is
segmented into form, source, application, production process, regional
distribution, and company.
Based on application, the market
is segmented into food, beverages, dietary supplements, animal feed, pharmaceuticals,
and personal care products. The market is expanding due to increasing consumer
demand for lutein, a natural pigment widely used in food and beverage
applications, as well as growing public awareness of its health benefits. A
significant market exists for dietary supplements containing lutein, primarily
driven by its antioxidant properties and its potential to help prevent
age-related macular degeneration (AMD) and other eye conditions. The aging
population and heightened consumer focus on preventive healthcare are key
factors propelling the demand for lutein-based dietary supplements. Lutein also
finds extensive use as an active ingredient in pharmaceutical formulations,
owing to its recognized anti-inflammatory, anti-cancer, and immune-boosting properties.
The increasing utilization of lutein in pharmaceutical products, coupled with
growing consumer awareness of its health advantages, is expected to drive
market expansion in this segment. Furthermore, the food and beverage industry
represent another significant application area for lutein. Utilized as a
natural pigment, lutein enhances the color and visual appeal of various food
and beverage products. It is commonly employed in sauces, dairy products, baked
goods, confectionery, and more. The demand for lutein as a natural food
colorant is fueled by the rising consumer preference for natural and
clean-label food items.
Based on region, North America
segment is expected to grow during the forecast period. North America is
projected to hold a significant share of the global lutein market by 2032. This
region is characterized by a growing ophthalmology sector, with a substantial
portion of the population in the United States currently facing eye-related
disorders. According to a report by the CDC, approximately 12 million
individuals aged over 40 years in the United States have vision impairment. As
a result, the demand for eye health supplements is expected to rise. The
increasing prevalence of health issues such as obesity, stroke, and diabetes,
attributed to hectic urban lifestyles and imbalanced diets, is driving market
growth across the US.
Major
companies operating in Global Lutein Market are:
- Kemin
Industries
- BASF
SE
- Dupont
Nutrition & Health
- Allied
Biotech Corporation
- Archer
Daniels Midland Company
- Nature's
Bounty Co.
- Evonik
Industries
- Chr.
Hansen Holding A/S
- Pioneer
Food Solutions
- Valensa
International
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“As research on lutein's health
benefits expands, new potential applications for lutein in the pharmaceutical,
nutraceutical, and cosmetic industries may emerge. Lutein's antioxidant and
anti-inflammatory properties could open up opportunities for its use in various
health-promoting products beyond eye health. As health and wellness trends
extend to emerging markets, there may be increasing demand for lutein-infused
products in regions like Asia-Pacific and Latin America. Growing disposable
incomes and urbanization in these regions may drive market growth. The lutein
market is witnessing growth due to the increasing demand for eye supplements in
the healthcare sector and health issues arising from unstable diets and busy
lifestyles. A significant portion of the population is affected by heart
diseases, diabetes, stroke, and obesity, which is expected to drive the market
for lutein dietary supplements, including minerals, fatty acids, and vitamins.
However, it is important to note that some individuals may experience adverse
effects such as rash, hives, facial swelling, stomach cramps, and breathing
problems due to lutein supplementation. Additionally, excessive consumption of
lutein may cause skin yellowing. Furthermore, the non-authorization of lutein
as a nutritive ingredient in infant formula impacts the profit margins and
product prices. These factors pose challenges to the market growth of lutein.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Global Lutein Market By Form
(Powder and Crystalline, Oil Suspension, Beadlets, Emulsion), By Source
(Natural, Synthetic), By Application (Food, Beverages, Dietary Supplements,
Animal Feed, Pharmaceuticals, and Personal Care Products), By Production
Process (Chemical Synthesis, Extraction from Botanical Material, Fermentation,
Algae Route), By Region, By Competition Forecast & Opportunities,
2018-2028F”, has evaluated the future growth potential of Global Lutein
Market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Lutein Market.
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