The global lutein market size was estimated to reach USD 527.20 million, growing at a CAGR of 5.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing awareness of the benefits associated with lutein in maintaining eye health, particularly in preventing age-related macular degeneration (AMD) is driving the market growth. Moreover, the widespread use of smartphones, tablets, and computer screens has led to an increase in digital eye strain, a condition that can cause dry eyes, headaches, and fatigue. Lutein has been shown to help reduce the symptoms of digital eye strain, making it an attractive ingredient for products marketed to digital device users.
Preventive healthcare is becoming more popular as consumers are increasingly taking a proactive approach to their health. Moreover, manufacturers are incorporating lutein into a wide range of products, including supplements, fortified beverages, and snack bars, to meet the growing demand for health-promoting ingredients. This trend is further intensified by the growing demand for natural ingredients and clean-label products, making lutein a highly sought-after ingredient in the food and beverage industry. The advancements in cultivation techniques, processing technologies, and extraction processes have led to improved quality and yield of lutein extracts.
The natural lutein segment held a major share of the market in 2023, owing to an increasing focus on preventive healthcare and wellness and a surge in demand for lutein supplements, as consumers seek natural solutions to maintain their overall health and well-being. Moreover, the growing popularity of plant-based diets and the increasing demand for vegan-friendly ingredients are also opening up new opportunities for the natural lutein market. Furthermore, the demand for natural lutein is also increasing in the cosmetics industry, which uses it as a skin-brightening and anti-aging ingredient.
The powder segment held the largest share in 2023. Powdered lutein is more stable and has a longer shelf life, making it easier to store and transport. Its versatility allows for easy integration into various food products, including smoothies, yogurt, and protein bars, without altering the flavor or texture. Moreover, the powder form allows for precise dosing, ensuring optimal nutrient intake. Besides, the high bioavailability and stability of powder form also make it an ideal ingredient for enhancing the nutritional value of animal feed, dietary supplements, and pharmaceutical formulations.
The dietary supplements applications held a major share of the market in 2023, owing to the increasing prevalence of eye conditions, such as age-related macular degeneration (AMD) and cataracts, which has led to a surge in demand for lutein supplements. Moreover, as consumers become more health-conscious and preventive in their approach to healthcare, the demand for dietary supplements is anticipated to grow in the coming years. This trend, combined with the growing accessibility and affordability of lutein supplements, further fuels market expansion. Besides, the increasing availability of lutein supplements in various forms, including capsules, gummies, and powder will further boost the market growth.
Europe accounted for the largest share of the market in 2023. European consumers are becoming increasingly health-conscious and are seeking ways to maintain their well-being. This has led to a growing demand for supplements and functional foods that promote eye health. Moreover, the aging population in Europe is more susceptible to eye-related disorders, such as age-related macular degeneration (AMD) and cataracts, further driving the demand for lutein. Besides, the rising popularity of vegan and vegetarian diets has led to an increase in the demand for lutein as a natural alternative to animal-based sources.
Major market players adopting various steps including new product launches, partnerships, mergers & acquisitions, global expansion, and others to gain more share of the market. They are building strong online sales channels to sell directly to consumers, bypassing traditional retail channels.
For More Details or Sample Copy please visit link @: Lutein Market Report
Lutein Market Report Highlights
- Asia Pacific is expected to grow with a considerable CAGR from 2024 to 2030. The changing consumer preferences and the increasing popularity of cafe culture are driving the product demand in the region. Moreover, increased e-commerce access and the entry of international brands further enhance market growth.
- Synthetic segment is estimated to grow with a substantial CAGR from 2024 to 2030. Synthetic lutein offers a consistent and reliable source of high-quality lutein. This consistency is particularly crucial for manufacturers of lutein supplements, ensuring a standardized and predictable product. Moreover, synthetic lutein production allows for scalability, enabling manufacturers to meet the growing demand for lutein in the market.
- Beadlet segment is estimated to grow with a substantial CAGR from 2024 to 2030. The features such as enhanced stability and protection against degradation, making it suitable for long-term storage and use in various applications. Their small size and uniform shape allow for precise dosage control and seamless integration into capsules, tablets, gummies, and food matrices.
- The food and beverage segment is expected to grow with a considerable CAGR from 2024 to 2030. Lutein possesses antioxidant and protective effects against oxidative stress and inflammation, making it a valuable ingredient in health-conscious food formulations. Its role in supporting eye health, particularly in protecting against age-related macular degeneration (AMD), has also gathered attention, driving its inclusion in functional foods and beverages.
For Customized reports or Special Pricing please visit @: Lutein Market Report
We have segmented the global lutein market based on the source, form, application, and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll-Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
#LuteinMarket #LuteinIndustry #LuteinSupplements #DietarySupplements #EyeHealth #Nutraceuticals #Antioxidants #LuteinDemand #LuteinProduction #Carotenoids #NaturalPigments #PharmaceuticalApplications #FoodAdditives #CosmeticsIndustry #HealthSupplementsMarket #NutritionalIngredients #FunctionalFoods #LuteinResearch #GlobalLuteinMarket #LuteinMarketGrowth
Comments
Post a Comment