Lutein Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030
Lutein, a member of the carotenoid group, is a yellow pigment that exists in higher plants and other photoautotrophic organisms like algae. Lutein is used as a feed additive to brighten the colors of poultry feathers and deepen the yellow of egg yolk. Lutein is also used to add flavor and color to foods. Additionally, lutein, an effective functional nutrient, can benefit human health by, say, ameliorating cardiovascular diseases and age-related macular degeneration (AMD).
Kemin is the dominate producer of Lutein, the sales volume was 12755 KG in 2016, accounting for about 16.25% of the total amount, followed by BASF, with the sales market share of 10.36%. Leading players in USA Lutein industry are Kemin, BASF and Omniactive. The top three companies occupied about 34.73% share of the USA market in 2016.
Dietary supplement accounted for the largest market with about 44.48% share of the USA market in 2016. Moreover, it is anticipated to grow at a CAGR of 4.51% from 2017 to 2022. In additional, Lutein also can be widely used in pharmaceuticals and food additives.
The Global Lutein Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global Lutein Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Kemin
BASF
Omniactive
DDW
FMC BioPolymer
PIVEG
IOSA
Allied Biotech Corporation
Chr Hansen
LycoRed
Vitae Naturals
Divis Nutraceuticals
Katra Phyto
Chenguang Biotech Group
Fenchem
Tian Yin Biotechnology
Lvchuan
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Free Lutein
Lutein Esters
In Market segmentation by applications :
Pharmaceuticals
Dietary Supplement
Food Additives
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Lutein Market for the forecast period 2023 - 2030?
• What are the driving forces in the Lutein Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Lutein industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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