Market Overview

The Global Lutein Market was valued at USD 399.1 million in 2023 and is expected to reach USD 617.1 million by 2031 while growing at a CAGR of 5.6% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global lutein market growth. Lutein, a natural carotenoid found in plants and algae, is known for its antioxidant properties and is a major carotenoid in green leafy vegetables, flowers, and egg yolks, promoting eye health.

Increasing awareness of eye health and rising consumer interest in nutraceuticals drive lutein market growth. However, obstacles such as limited consumer awareness and supply chain constraints may hinder market expansion.

Furthermore, the global lutein industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global Lutein Market is segmented among Food and Beverage, Dietary Supplements, Pharmaceuticals, Animal Feed, and Other Applications, based on Application. In 2023, Food and Beverage accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Lutein Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Kemin Industries Inc., BASF SE, Chr. Hansen Holding AS, Allied Biotech Corporation, OmniActive Health Technologies, Koninklijke DSM NV, Industrial Organica SA de CV, Lycored Corp., Divi's Laboratories Ltd, and Ashland Global Specialty Chemicals Inc

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Lutein Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Lutein Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Lutein Market Segmentation, By Application

• Global Lutein Market Share Analysis, By Application

• Global Lutein Market Growth Analysis, By Application

• Global Lutein Market Trends, By Application

o Food and Beverage

o Dietary Supplements

o Pharmaceuticals

o Animal Feed

o Other Applications

6. Global Lutein Market Segmentation, By Region

• Global Lutein Market Share Analysis, By Region

• Global Lutein Market Growth Analysis, By Region

• Global Lutein Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• Kemin Industries Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• BASF SE

• Chr. Hansen Holding AS

• Allied Biotech Corporation

• OmniActive Health Technologies

• Koninklijke DSM NV

• Industrial Organica SA de CV

• Lycored Corp.

• Divi's Laboratories Ltd

• Ashland Global Specialty Chemicals Inc

 *Similar analysis will be provided for each company listed above.