Global Lutein Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Lutein Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Application (Food and Beverage, Dietary Supplements, Pharmaceuticals, Animal Feed, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
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.