lutein market By Reports And Data
Lutein Market To
Reach USD 454.8
Million By 2026
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Market Summary
Increasing demand for eye supplements, along with the growing prevalence of chronic health
disorders such as diabetes, heart problems, obesity, and stroke, due to hectic lifestyles and lack of
stable diet are key factors contributing to the high CAGR of Lutein during the forecast period.
Market Size – USD 454.8 Million in 2018, Market Growth - CAGR of 6.4%, Market Trends – Product
launches for lutein
According to the current analysis of Reports and Data, the global Lutein market was valued at USD
274.6 Million in 2018 and is expected to reach USD 454.8 Million by the year 2026, at a CAGR of 6.4
%. Lutein is an antioxidant carotenoid responsible for yellow colors of fruits and vegetables. It is one
of the two major carotenoids found as a color pigment in the human eye. It acts as a light filter and
protects the eye tissues from sunlight damage.
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Market Summary
Europe held 36.2% of the industry in 2018 and is projected to grow significantly in the coming years. Presence
of key manufacturers including BASF, Chr. Hansen, and Döhler in the region is forecasted to influence growth.
High incidence of cataract and Age-related Macular Degeneration (AMD) in the region is also likely to drive
demand. Based on the statistics published by the European Society of Retina Specialists, in 2017, AMD
affected around 34 million people in the European Union and 22 million people in the five most populous
European countries alone: Germany, France, the United Kingdom, Italy and Spain. Furthermore, the number
of patients affected by AMD in the region is expected to rise by almost 25% based on population growth and
ageing until 2050. This is anticipated to create lucrative growth opportunities for the product.
Healthy nutritional intake of lutein may help provide good eyesight. However, inadequate consumption may
deplete eyesight with age. Dietary supplements include minerals, vitamins, and fatty acids that help
consumers stay healthy and prevent harmful diseases. Increasing health concerns among the population are
expected to support market growth. Rising demand for the product as a health supplement and its increasing
usage as a natural colorant in food & beverage applications, along with its use as an additive for animal feed,
are some factors that drive the demand for the product over the forecast years.
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Market Summary
Further key findings from the report suggest
• Asia Pacific is expected to account for 23.2% of the global market. Developing nations such as China
and India are likely to witness high growth High prevalence of eye disorders coupled with the
growing demand for dietary supplements is anticipated to stimulate demand.
• Emulsions are expected to witness the fastest growth at a CAGR of 6.8% during the forecast period. The
development of microencapsulated techniques in order to improve the stability, solubility, and
bioavailability of lutein drives the growth for this market segment.
• On the basis of source, synthetic lutein dominates the market as of 2018, as they are cost-effective and
easy to manufacture.
• High dose of carotenoids such as lutein can cause carotenoderma - yellow discoloration of the skin
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Market Summary
Key participants include BASF, Chr. Hansen, E.I.D. Parry, Zhejiang Medicine, DDW The Color House
among others.
For the purpose of this study, Reports and Data have segmented the Lutein market on the basis of form,
source, application, production process, and region:
Form (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
• Powder & Crystalline
• Oil Suspension
• Beadlet
• Emulsion
Source (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
• Natural
• Synthetic
Read More:
SB Wire Link:
http://www.sbwire.com/press-releases/lutein-market-expected-to-raise-at-cagr-of-59-by-2020-2027-basf-chr-
hansen-eid-parry-zhejiang-medicine-etc-1300622.htm
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Market Summary
Application (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
• Food
• Beverages
Production Process (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
• Chemical synthesis
• Extraction from botanical materials
• Fermentation
• Algae route
Regional Outlook (Revenue, USD Million; 2016–2026, Volume, Tons; 2016-2026)
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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