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The lutein market size is forecast to increase by USD 126.8 million at a CAGR of 5.98% between 2023 and 2028. The market is experiencing significant growth due to various driving factors. One key trend is the increasing demand for natural colorants and animal feed additives, as lutein is an effective solution for these applications. Additionally, the myopic population and those at risk of vision impairment, including an aging population, are driving spending on lutein-based dietary supplements. The National Eye Institute reports that blindness due to age-related macular degeneration affects over 2 million Americans, making this a significant market opportunity. Ophthalmologists often recommend lutein supplements to prevent and treat eye conditions. However, stability concerns regarding lutein may pose a challenge to market growth.
The market holds significant potential in the nutraceutical industry due to the increasing awareness of its benefits for eye health. Lutein is a crucial member of the carotenoid family, an antioxidant that plays a vital role in protecting the eyes from damage caused by free radicals. Lutein's significance in eye care is well-documented. It is known to help prevent age-related macular degeneration, cataracts, and vision impairment, particularly in the myopic population. The National Health Institute reports that cataracts affect over 24.4 million Americans aged 40 and above, making lutein a valuable asset in addressing this health concern.
Beyond eye health, lutein also offers benefits for individuals dealing with diabetes and heart problems. Its antioxidant properties help combat the damaging effects of free radicals, which are linked to these conditions. Lutein's applications extend beyond human health. It is also used as a natural colorant in various industries, including animal feed additives. Ophthalmologists often recommend lutein supplements for their patients, and brands like Nutritears have capitalized on this trend, offering lutein-rich products to meet the growing demand. Lutein is naturally found in green plants, making it a sustainable and eco-friendly option. In the realm of ophthalmology, lutein plays a critical role in the treatment and management of conditions such as cataracts and diabetes retinopathy.
In conclusion, the market presents a promising opportunity for businesses and investors. Its role in maintaining eye health, preventing age-related conditions, and offering benefits for individuals dealing with diabetes and heart problems make it a valuable commodity in the nutraceutical industry. Additionally, its natural origins and diverse applications in various industries further enhance its market potential.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The synthetic segment is estimated to witness significant growth during the forecast period. Lutein, a prominent member of the carotenoid family, has gained significant attention in the nutraceutical industry due to its essential role in maintaining eye health. This antioxidant combats free radicals, contributing to the prevention and management of various eye conditions, including cataracts. According to recent market studies, the synthetic segment will dominate the market in 2023. This dominance is attributed to the expanding geriatric population worldwide and the increasing awareness regarding synthetic lutein's benefits. Economic production and growing automation in synthetic lutein manufacturing further fuel its market growth.
However, the rising consumer preference for natural ingredients and the popularity of natural products may curb the demand for synthetic lutein. In numerous industries, such as food and beverages and cosmetics, synthetic lutein is preferred over natural extracts due to its precise and regulated lutein content, making it an ideal choice for specific formulations and applications.
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The Synthetic segment accounted for USD 186.30 million in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The European region dominated the market in 2023, and this trend is anticipated to continue through the forecast period. The thriving industries of food and beverage and animal feed are primary drivers of market growth in Europe. With a significant number of manufacturers present and a large consumer base, the region is poised for continued expansion. Key European countries, including Germany, the UK, and France, are significant contributors to the market. The aging population in Europe is another significant factor fueling demand for lutein products, as they are known to support cognitive function and cardiovascular health. These chronic conditions are increasingly common among older adults.
Lutein, a vital carotenoid, is a functional food ingredient that has gained popularity due to its potential benefits for cognitive function and cardiovascular health. It has been linked to a reduced risk of Alzheimer's disease and cardiovascular diseases. The growing awareness of these health benefits, coupled with economies of scale, is expected to drive market growth during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The aging population driving spending on lutein-based dietary supplements is the key driver of the market. The aging population in the United States is driving the demand for lutein-derived nutraceuticals and functional beverages. As people approach retirement age, they tend to prioritize their health and wellness, leading to increased spending on preventative measures. Lutein, a natural pigment found in various fruits and vegetables, is particularly popular due to its benefits for eye care and potential role in mitigating age-related health issues. Functional beverages and dietary supplements fortified with lutein have gained traction as consumers seek natural solutions for maintaining eye health and overall well-being. Diabetes and heart problems are prevalent among older adults, making the anti-inflammatory and antioxidant properties of lutein increasingly relevant.
By delaying the onset of age-related conditions, lutein-based products offer a significant value proposition for this demographic. The rising awareness of the importance of proactive health measures and the increasing availability of lutein-infused products in various formats are expected to fuel sales growth in the market. As a result, the market is poised for steady expansion, providing opportunities for both established players and new entrants in the industry.
Increasing adoption of health and wellness food is the upcoming trend in the market. The market for health and wellness food products in the United States is experiencing significant growth due to increasing consumer awareness and preference for nutritious, natural offerings. These products, which include functional foods, nutraceuticals, and special dietary options, differ from traditional food and beverage items. The demand for health and wellness food and beverages is driven by a shift in consumer behavior, with individuals prioritizing the quality of ingredients over calorie or fat reduction. Carotenoids, such as Lutein, are a key component of many health and wellness food products. Sourced primarily from green plants, carotenoids have been linked to various health benefits, including improved eye health and potential prevention of conditions like cataract, diabetes retinopathy, and cancer.
Ophthalmology, in particular, has identified Lutein as a crucial nutrient for maintaining healthy eyes and preventing age-related eye diseases. The health and wellness food and beverage industry in the US is projected to continue its growth trajectory, fueled by the increasing consumer interest in natural, wholesome products. As consumers become more health-conscious, they are turning to foods and beverages that provide functional benefits, making the market for these products a promising one.
Stability concerns regarding lutein is a key challenge affecting market growth. Lutein, a natural colorant, is susceptible to environmental influences, which can impact its characteristics in food and beverage applications. Factors such as sunlight, moisture, heat, pH, UV radiation, and temperature fluctuations can alter the color and aroma of products containing lutein. Consequently, during food processing at elevated temperatures, the taste and texture may also be affected. Furthermore, lutein has a finite shelf life, as it can undergo changes in odor, color, and natural properties when stored for extended periods or exposed to prolonged sunlight, moisture, or heat. These alterations can negatively impact consumer experience, making food items less appealing. As animal feed additives, lutein's role extends beyond human consumption.
However, its sensitivity to environmental factors remains a concern, as it can influence the quality of the final product. For vision health, lutein is essential, particularly for myopic populations and those at risk of vision impairment or blindness. Ophthalmologists and the National Health Institute highlight its importance in maintaining eye health.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Kensing LLC- The company offers Vitaslim capsules made up of Lutein, under its subsidiary called Vitae Caps SA.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Lutein, a carotenoid from the carotenoid family, plays a significant role in maintaining eye health. This antioxidant is known for its ability to protect the eyes from free radicals and inflammation, which are contributing factors to chronic diseases like cataracts, diabetes retinopathy, and age-related macular degeneration. The nutraceutical industry has seen a swell in demand for lutein supplements due to their potential benefits for eye health. The cosmetics industry also utilizes lutein as an ingredient in skincare products for its antioxidant properties, which help protect the skin from oxidants and premature aging. However, it is essential to be aware of potential side effects such as allergic reactions, interactions with medications, overdose, and carotenodermia.
Moreover, lutein is derived from green plants and is used as a natural colorant in various industries, including animal feed and functional foods. It has also shown potential benefits for cognitive function, Alzheimer's disease, cardiovascular health, and diabetes. Economies of scale and labor costs have made it an attractive option for manufacturers producing functional beverages and nutraceuticals. Despite its numerous benefits, it is crucial to consult ophthalmologists before taking lutein supplements, especially for individuals with vision impairment, myopic population, diabetes, heart problems, or blindness. Additionally, pregnant and breastfeeding women should avoid taking lutein supplements without consulting their healthcare provider.
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Market Scope |
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Report Coverage |
Details |
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Page number |
162 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.98% |
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Market growth 2024-2028 |
USD 126.8 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.55 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 34% |
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Key countries |
Germany, US, China, France, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ADAMA Ltd., Allied Biotech Corp., BASF SE, Bio Med Ingredients, Chr Hansen Holding AS, Dohler GmbH, EID Parry India Ltd., FENCHEM, IOSA Industrial Organica, Katra Phytochem Pvt. Ltd., Kensing LLC, Koninklijke DSM NV, Natural Grocers by Vitamin Cottage Inc., Nestle SA, Nutraceutical Corp., Nutramarc Sports Nutrition and Co., OmniActive Health Technologies, Piveg Inc., Synthite Industries Pvt. Ltd., and Zhejiang Medicine Co. Ltd. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Source
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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