Lutein Market by Form (Powder & Crystalline, Oil Suspension, Beadlet, Emulsion), Source (Natural, Synthetic), Application (Food, Beverages, Dietary Supplements, Animal Feed), Production Process, and Region - Global Forecast to 2022

The lutein market was valued at USD 249.7 Million in 2016 and is projected to reach USD 357.7 Million by 2022, growing at a CAGR of 6.3% from 2017, in terms of value. In terms of volume, the market is projected to reach 2,121.2 tons by 2022. The objectives of this study are to define, segment, and project the size of the lutein market based on form, application, source, and key regions.

• To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To analyze the competitive environment of the lutein market
• To provide the analysis of the research & development spending and funding activities in the lutein market
• To project the size of the market, in terms of value (USD million) in the key regions, namely, North America, Europe, Asia Pacific, South America, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their core competencies
• To analyze the competitive developments expansions, acquisitions, joint ventures/partnerships/collaboration, and new product launches—in the lutein market

The years considered for the study are:

• Base year – 2016
• Estimated year – 2017
• Projected year – 2022
• Forecast period – 2017 to 2022

This report includes the estimation of the market size for value (USD million) and volume (tons). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the lutein market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research (the FAO, Bloomberg Businessweek, Factiva, and companies’ annual reports), and their market share has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem

The various contributors involved in the value chain of lutein include manufacturers, suppliers, distributors, intermediaries, and customers. The key players in the lutein market include BASF (Germany), Chr. Hansen (Denmark), E.I.D. Parry (India), Kemin (US), and Zhejiang Medicine (China). Other significant players include DDW The Color House. (US), Döhler (Germany), Lycored (Israel), PIVEG (US), Allied Biotech (Taiwan), and FENCHEM (China).

Target Audience

• Associations and industry bodies
• Commercial research & development (R&D) institutions
• Lutein manufacturers and suppliers
• Raw material suppliers and distributors
• Traders, distributors, and retailers
• Carotenoid/natural color industry players
• Researchers
• Industry experts

Scope of the Report

The lutein market is segmented as follows:

On the basis of Form:

• Powder & crystalline
• Beadlet
• Oil suspension
• Emulsion

On the basis of Application:

• Food
  • Bakery & confectionery products
  • Infant formula & formulated supplementary food products
  • Dairy products
  • Others (soups & soup mixes, sauces, jams, and salad dressings)
• Beverages
  • Aerated & carbonated drinks
  • RTD beverages
  • Sports & energy drinks 
  • Juice concentrates & fruit juices
  • Others (squashes, syrups, smoothies, shakes, and bottled water)
• Dietary supplements
• Animal feed
• Others (pharmaceuticals and personal care products)

On the basis of Source:

• Natural
• Synthetic

On the basis of Production Process:

• Chemical synthesis
• Extraction from botanical materials
• Fermentation
• Algae route

On the basis of Region

• North America
• Europe
• Asia Pacific
• South America
• RoW (South Africa and Others in RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

The following customization options are available for the report:

Product Analysis

• Product matrix, which gives a detailed comparison of the product portfolio of each company

Application Analysis

• Application analysis, which gives a detailed analysis of other applications of lutein

Regional Analysis

• urther breakdown of the Rest of Asia Pacific lutein market into key contributing countries
• Further breakdown of the Rest of World lutein market into South American countries

Company Information

• Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
    1.4 Years Considered
    1.5 Currency Considered
    1.6 Unit Considered
    1.7 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Data Triangulation
           2.3.1 Assumptions
           2.3.2 Limitations

3 Executive Summary (Page No. - 22)

4 Premium Insights (Page No. - 25)
    4.1 Attractive Opportunities in the Lutein Market
    4.2 Lutein Market, By Form & Region
    4.3 Lutein Market in Asia Pacific, By Form & Country
    4.4 Lutein Market: Major Countries
    4.5 European Lutein Market, By Form

5 Market Overview (Page No. - 28)
    5.1 Introduction
    5.2 Macro-Economic Factors
           5.2.1 Rise in Population
                    5.2.1.1 Rise in Middle-Class Population
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increase in Scope of Application
                    5.3.1.2 Preventive Healthcare and Nutraceuticals
                    5.3.1.3 Rise in Demand for Natural Colorants
                    5.3.1.4 Growth in Pork, Poultry, and Aquaculture Industries
           5.3.2 Restraints
                    5.3.2.1 Harmful Effects of High Doses of Lutein
                    5.3.2.2 Stringent Regulatory and Approval Norms
                    5.3.2.3 Lack of R&D Activities in African and Middle Eastern Countries
           5.3.3 Opportunities
                    5.3.3.1 Growth in New Application Areas
                    5.3.3.2 Awareness About the Medicinal Applications of Lutein
           5.3.4 Challenges
                    5.3.4.1 Maturity of the Dietary Supplement Application
                    5.3.4.2 Low Cost-Competitiveness From Asian Countries

6 Lutein Market, By Form (Page No. - 36)
    6.1 Introduction
    6.2 Powder & Crystalline
    6.3 Oil Suspension
    6.4 Beadlet
    6.5 Emulsion

7 Lutein Market, By Source (Page No. - 44)
    7.1 Introduction
    7.2 Natural
    7.3 Synthetic

8 Lutein Market, By Application (Page No. - 49)
    8.1 Introduction
    8.2 Food
           8.2.1 Bakery & Confectionery Products
           8.2.2 Infant Formula & Formulated Supplementary Food Products
           8.2.3 Dairy Products
           8.2.4 Others
    8.3 Beverages
           8.3.1 Aerated & Carbonated Drinks
           8.3.2 Rtd Beverages
           8.3.3 Sports & Energy Drinks
           8.3.4 Juice Concentrates & Fruit Juices
           8.3.5 Others
    8.4 Dietary Supplements
    8.5 Animal Feed
    8.6 Other Applications
           8.6.1 Pharmaceuticals
           8.6.2 Personal Care Products

9 Lutein Market, By Production Process (Page No. - 67)
    9.1 Introduction
    9.2 Chemical Synthesis
    9.3 Extraction From Botanical Material
    9.4 Fermentation
    9.5 Algae Route

10 Lutein Market, By Region (Page No. - 69)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 Italy
             10.3.4 Spain
             10.3.5 Netherlands
             10.3.6 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 Rest of Asia Pacific
     10.5 South America
             10.5.1 Brazil
             10.5.2 Argentina
             10.5.3 Rest of South America
     10.6 Rest of the World (RoW)
             10.6.1 South Africa
             10.6.2 Others in RoW

11 Competitive Landscape (Page No. - 95)
     11.1 Overview
     11.2 Ranking Analysis of Key Players in the Lutein Market
     11.3 Competitive Scenario
             11.3.1 Expansions
             11.3.2 Acquisitions
             11.3.3 Joint Ventures, Partnerships, Collaborations, and Agreements
             11.3.4 New Product Launches

12 Company Profiles (Page No. - 99)
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
     12.1 BASF
     12.2 Chr. Hansen
     12.3 E.I.D. Parry
     12.4 Kemin
     12.5 Zhejiang Medicine
     12.6 Omniactive Health Technologies
     12.7 Piveg
     12.8 DDW the Colour House
     12.9 Döhler
     12.10 Allied Biotech
     12.11 Synthite Industries
     12.12 Lycored
     12.13 Fenchem

*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

13 Appendix (Page No. - 117)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (93 Tables)

Table 1 Lutein Market Size, By Form, 2015–2022 (USD Million)
Table 2 Lutein Market Size, By Form, 2015–2022 (Tons)
Table 3 Powder & Crystalline Market Size, By Region, 2015–2022 (USD Million)
Table 4 Powder & Crystalline Market Size, By Region, 2015–2022 (Tons)
Table 5 Oil Suspension Market Size, By Region, 2015–2022 (USD Million)
Table 6 Oil Suspension Market Size, By Region, 2015–2022 (Tons)
Table 7 Beadlet Market Size, By Region, 2015–2022 (USD Million)
Table 8 Beadlet Market Size, By Region, 2015–2022 (Tons)
Table 9 Emulsion Market Size, By Region, 2015–2022 (USD Million)
Table 10 Emulsion Market Size, By Region, 2015–2022 (Tons)
Table 11 Lutein Market Size, By Source, 2015–2022 (USD Million)
Table 12 Lutein Market Size, By Source, 2015–2022 (Tons)
Table 13 Market Size For Natural Lutein, By Region, 2015–2022 (USD Million)
Table 14 Market Size For Natural Lutein, By Region, 2015–2022 (Tons)
Table 15 Market Size For Synthetic Lutein, By Region, 2015–2022 (USD Million)
Table 16 Market Size For Synthetic Lutein, By Region, 2015–2022 (Tons)
Table 17 Lutein Market Size, By Application, 2015–2022 (USD Million)
Table 18 Lutein Market Size, By Application, 2015–2022 (Tons)
Table 19 Food Market Size, By Region, 2015–2022 (USD Million)
Table 20 Food Market Size, By Region, 2015–2022 (Tons)
Table 21 Bakery & Confectionery Products Market Size, By Region, 2015–2022 (USD Million)
Table 22 Bakery & Confectionery Products Market Size, By Region, 2015–2022 (Tons)
Table 23 Infant Formula & Formulated Supplementary Food Products Market Size, By Region, 2015–2022 (USD Million)
Table 24 Infant Formula & Formulated Supplementary Food Products Market Size, By Region, 2015–2022 (Tons)
Table 25 Dairy Products Market Size, By Region, 2015–2022 (USD Million)
Table 26 Dairy Products Market Size, By Region, 2015–2022 (Tons)
Table 27 Others Market Size, By Region, 2015–2022 (USD Million)
Table 28 Others Market Size, By Region, 2015–2022 (Tons)
Table 29 Beverages Market Size, By Region, 2015–2022 (USD Million)
Table 30 Beverages Market Size, By Region, 2015–2022 (Tons)
Table 31 Aerated & Carbonated Drinks Market Size, By Region, 2015–2022 (USD Million)
Table 32 Aerated & Carbonated Drinks Market Size, By Region, 2015–2022 (Tons)
Table 33 Rtd Beverages Market Size, By Region, 2015–2022 (USD Million)
Table 34 Rtd Beverages Market Size, By Region, 2015–2022 (Tons)
Table 35 Sports & Energy Drinks Market Size, By Region, 2015–2022 (USD Million)
Table 36 Sports & Energy Drinks Market Size, By Region, 2015–2022 (Tons)
Table 37 Juice Concentrates & Fruit Juices Market Size, By Region, 2015–2022 (USD Million)
Table 38 Juice Concentrates & Fruit Juices Market Size, By Region, 2015–2022 (Tons)
Table 39 Others Market Size By Region, 2015–2022 (USD Million)
Table 40 Others Market Size, By Region, 2015–2022 (Tons)
Table 41 Dietary Supplements Market Size, By Region, 2015–2022 (USD Million)
Table 42 Dietary Supplements Market Size, By Region, 2015–2022 (Tons)
Table 43 Animal Feed Market Size, By Region, 2015–2022 (USD Million)
Table 44 Animal Feed Market Size, By Region, 2015–2022 (Tons)
Table 45 Other Applications Market Size, By Region, 2015–2022 (USD Million)
Table 46 Other Applications Market Size, By Region, 2015–2022 (Tons)
Table 47 Scientific, Family, and Common Name of Botanical Sources
Table 48 Lutein Market Size, By Region, 2015–2022 (USD Million)
Table 49 Lutein Market Size, By Region, 2015–2022 (Tons)
Table 50 North America: Lutein Market Size, By Country, 2015–2022 (USD Million)
Table 51 North America: Lutein Market Size, By Country, 2015–2022 (Tons)
Table 52 North America: Lutein Market Size, By Form, 2015–2022 (USD Million)
Table 53 North America: Lutein Market Size, By Form, 2015–2022 (Tons)
Table 54 North America: Lutein Market Size, By Source, 2015–2022 (USD Million)
Table 55 North America: Lutein Market Size, By Source, 2015–2022 (Tons)
Table 56 North America: Market Size For Lutein, By Application, 2015–2022 (USD Million)
Table 57 North America: Market Size For Lutein, By Application, 2015–2022 (Tons)
Table 58 Europe: Lutein Market Size, By Country, 2015–2022 (USD Million)
Table 59 Europe: Lutein Market Size, By Country, 2015–2022 (Tons)
Table 60 Europe: Lutein Market Size, By Form, 2015–2022 (USD Million)
Table 61 Europe: Lutein Market Size, By Form, 2015–2022 (Tons)
Table 62 Europe: Lutein Market Size, By Source, 2015–2022 (USD Million)
Table 63 Europe: Market Size For Lutein, By Source, 2015–2022 (Tons)
Table 64 Europe: Market Size For Lutein, By Application, 2015–2022 (USD Million)
Table 65 Europe: Market Size For Lutein, By Application, 2015–2022 (Tons)
Table 66 Asia Pacific: Lutein Market Size, By Country, 2015–2022 (USD Million)
Table 67 Asia Pacific: Lutein Market Size, By Country, 2015–2022 (Tons)
Table 68 Asia Pacific: Lutein Market Size, By Form, 2015–2022 (USD Million)
Table 69 Asia Pacific: Lutein Market Size, By Form, 2015–2022 (Tons)
Table 70 Asia Pacific: Lutein Market Size, By Source, 2015–2022 (USD Million)
Table 71 Asia Pacific: Market Size For Lutein, By Source, 2015–2022 (Tons)
Table 72 Asia Pacific: Market Size For Lutein, By Application, 2015–2022 (USD Million)
Table 73 Asia Pacific: Market Size For Lutein, By Application, 2015–2022 (Tons)
Table 74 South America: Lutein Market Size, By Country, 2015–2022 (USD Million)
Table 75 South America: Lutein Market Size, By Country, 2015–2022 (Tons)
Table 76 South America: Lutein Market Size, By Form, 2015–2022 (USD Million)
Table 77 South America: Lutein Market Size, By Form, 2015–2022 (Tons)
Table 78 South America: Lutein Market Size, By Source, 2015–2022 (USD Million)
Table 79 South America: Market Size For Lutein, By Source, 2015–2022 (Tons)
Table 80 South America: Market Size For Lutein, By Application, 2015–2022 (USD Million)
Table 81 South America: Market Size For Lutein, By Application, 2015–2022 (Tons)
Table 82 RoW: Lutein Market Size, By Country, 2015–2022 (USD Million)
Table 83 RoW: Lutein Market Size, By Country, 2015–2022 (Tons)
Table 84 RoW: Lutein Market Size, By Form, 2015–2022 (USD Million)
Table 85 RoW: Lutein Market Size, By Form, 2015–2022 (Tons)
Table 86 RoW: Lutein Market Size, By Source, 2015–2022 (USD Million)
Table 87 RoW: Market Size For Lutein, By Source, 2015–2022 (Tons)
Table 88 RoW: Market Size For Lutein, By Application, 2015–2022 (USD Million)
Table 89 RoW: Market Size For Lutein, By Application, 2015–2022 (Tons)
Table 90 Expansions, 2013–2017
Table 91 Acquisitions, 2013–2017
Table 92 Joint Ventures, Partnerships, Collaborations, and Agreements, 2013–2017
Table 93 New Product Launches, 2013–2017

List of Figures (35 Figures)

Figure 1 Lutein: Market Segmentation
Figure 2 Lutein: Regional Segmentation
Figure 3 Lutein Market: Research Design
Figure 4 Breakdown of Primaries: By Company Type, Designation and Region
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Market Breakdown & Data Triangulation
Figure 8 Lutein Market, By Form, 2017 vs 2022
Figure 9 Lutein Market, By Application, 2017 vs 2022
Figure 10 Lutein Market, By Source, 2017 vs 2022
Figure 11 Lutein Market: Regional Snapshot
Figure 12 Emerging Applications Offer Attractive Opportunities in the Lutein Market
Figure 13 Dietary Supplements Segment Dominated the Lutein Market Across All the Regions in Terms of Volume, in 2016
Figure 14 China Accounted for the Largest Market for Lutein in the Asia Pacific Region in 2016
Figure 15 India to Be the Fastest-Growing Country-Level Market for Lutein From 2017 to 2022
Figure 16 Powder & Crystalline Segment to Dominate the European Market
Figure 17 Population Growth Trend, 1955–2050
Figure 18 Rise in the Global Middle-Class Population
Figure 19 Expanding Applications to Drive the Growth of the Market
Figure 20 Feed Consumption Share (Volume), By Livestock, 2014
Figure 21 Powder & Crystalline Segment is Projected to Dominate the Lutein Market Through 2022
Figure 22 Synthetic Segment is Projected to Dominate the Lutein Market Through 2022
Figure 23 Dietary Supplements Segment is Expected to Dominate the Lutein Market Through 2022
Figure 24 Geographic Snapshot (2017—2022): the Markets in North America are Projected to Register Moderate Growth
Figure 25 North America: Market Snapshot
Figure 26 Europe: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Key Developments By Leading Players in the Lutein Market, 2013 to October 2017
Figure 29 BASF: Company Snapshot
Figure 30 BASF: SWOT Analysis
Figure 31 Chr. Hansen: Company Snapshot
Figure 32 Chr. Hansen: SWOT Analysis
Figure 33 E.I.D. Parry: Company Snapshot
Figure 34 E.I.D. Parry: SWOT Analysis
Figure 35 Kemin: SWOT Analysis

The lutein market is estimated to reach USD 263.8 Million by 2017 and is projected to reach USD 357.7 Million by 2022, at a CAGR of 6.3% from 2017. In terms of volume, the market is projected to reach 2,121.2 tons by 2022. The lutein market has been largely driven by the growing demand for lutein in the dietary supplements market. Lutein is mainly used for preventing eye diseases such as AMD and cataract. Companies are currently focusing on the application of lutein in food and beverages, as well as personal care products.

The dietary supplements segment is estimated to dominate the lutein market through the forecast period. Dietary supplements is an important segment of the lutein market as lutein is mainly associated with eye health and is increasingly used as an ingredient in eye health supplements. Many reports and researchers are highlighting eye health benefits with the consumption of lutein, such as reduction of risk or slower progression of eye diseases such as age-related macular diseases (AMD) and cataract.

The synthetic segment is estimated to dominate the lutein market in terms of value, as the synthetic production of lutein is more economical for the manufacturers. However, the growing awareness about the benefits of natural lutein and increased health consciousness among the people is leading to increased spending on high-quality products, owing to which the market for natural lutein is projected to grow at a higher CAGR over the next five years.

The European region dominated the lutein market in 2016 and is projected to grow at a moderate CAGR from 2017 to 2022, in terms of both value and volume. The presence of leading lutein manufacturers who operate on a global level and the stringent norms related to the use of synthetic ingredients laid down by the EU drive the demand for naturally source lutein in the region. Thus, the use of lutein for human consumption has recently started developing due to the increasing awareness about the advantages of carotenoid consumption. This increased use of lutein in pharmaceuticals, animal feed, medicine, and human food drives the growth of the lutein market in Europe.

In the Asia Pacific region, India is projected to be the fastest-growing market. The changing lifestyle and preferences, increasing awareness regarding the benefits of lutein, the growth of the health-conscious population, higher disposable incomes, and growth of the middle-class population are some of the factors driving the growth of the lutein market in India. India has a varied agricultural climate, relatively inexpensive labor, and according to the FAOSTAT, it has the second-largest population in the world. Some of the major producers of lutein in India include Synthite Industries (India), OmniActive (India), and E.I.D. Parry (India) that serve lutein products in the form of oil suspensions, beadlets, powder, and paste for use in human health supplements and animal nutrition.

The beadlet and emulsion form segments are expected to witness high growth during the forecast period. The growth can be attributed to the growing novel compounding techniques and microencapsulated techniques to improve the stability, solubility, and bioavailability of lutein. With the rising technological advancements, manufacturers in the lutein industry are now focusing on a broader field of applications.

The lutein market is concentrated, with leading companies driving market growth. The report provides qualitative analysis of the prominent market players and their preferred development strategies. Key players such as BASF (Germany), Chr. Hansen (Denmark), E.I.D. Parry (India), Kemin (US), OmniActive (India), and Zhejiang Medicine (China) have been profiled in the report. These leading players have adopted various strategies such as expansions, acquisitions, new product launches, and joint ventures/partnerships/collaborations to explore new and untapped markets, expanding in local areas of emerging markets, and developing a new customer base for long-term client relationships. This has not only enabled the key players to expand their geographical reach but has also reinforced their market position by gaining a larger share in terms of revenue and product portfolios.

Small-scale players have also adopted these strategies to expand their businesses globally by investing in the establishment of manufacturing facilities and technical service centers in various regions. This inorganic growth strategy enables them to improve their technical expertise through intensive R&D infrastructure offered by bigger players.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst