Lutein Market

[241 Pages Report] The global lutein market was valued at USD 371 million in 2023 and is projected to reach USD 488 million by 2028, at a CAGR of 5.6% during the forecast period.

Lutein is a naturally occurring pigment found in various fruits and vegetables, particularly in leafy greens like spinach and kale. It is also present in high concentrations in marigold flowers. Lutein is widely known for its beneficial effects on eye health, particularly in reducing the risk of age-related macular degeneration (AMD) and cataracts. The demand for lutein has been increasing due to several factors, including a growing aging population, rising awareness about eye health, and increasing prevalence of eye-related disorders. Additionally, lutein is also used in the food and beverage industry as a natural colorant and in dietary supplements for its antioxidant properties. The market for lutein is driven by both the pharmaceutical and nutraceutical industries. In the pharmaceutical sector, lutein is used in the production of eye health supplements and medications. In the nutraceutical sector, lutein is included in various dietary supplements and functional foods that promote eye health.

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Drivers: Increase in scope of application

Lutein is a naturally occurring pigment and antioxidant that belongs to the carotenoid family. Carotenoids are a group of pigments found in plants that are responsible for the vibrant colors seen in fruits, vegetables, and flowers. Lutein, along with its isomer zeaxanthin, is specifically concentrated in the macula of the human eye, which is why it is often associated with eye health. In nature, lutein is found in various sources, including dark green leafy vegetables such as spinach, kale, and broccoli, as well as in fruits like oranges, kiwi, and grapes. However, one of the richest sources of lutein is marigold flowers (Tagetes erecta). Marigold extracts are commonly used as a natural source of lutein for commercial applications.

The potential health benefits of lutein have garnered significant attention from researchers and the general public. Lutein acts as a potent antioxidant, meaning it helps neutralize harmful free radicals in the body. Free radicals are unstable molecules that can cause damage to cells and contribute to various health issues, including aging, inflammation, and chronic diseases.

The wide range of potential health benefits associated with lutein has led to its incorporation into various industries. The pharmaceutical industry utilizes lutein as an ingredient in dietary supplements and eye health formulations. Lutein is often combined with other vitamins, minerals, and antioxidants to create comprehensive eye health supplements. The food and beverage industry incorporates lutein into functional foods and beverages targeting eye health, as well as products focused on overall well-being. Lutein-fortified juices, nutritional bars, cereals, and dairy products are examples of how lutein is used to enhance the nutritional profile of everyday foods. Lutein also plays a role in the animal feed industry, particularly in poultry and aquaculture. By adding lutein to animal feed formulations, producers can enhance the coloration of egg yolks, poultry skin, and fish flesh, making them more visually appealing to consumers. Furthermore, lutein has found applications in the cosmetics and personal care industry. Its antioxidant properties make it an attractive ingredient for skincare products targeting anti-aging and protection against environmental stressors. Lutein is incorporated into creams, lotions, serums, and other cosmetic formulations to promote skin health and radiance.

Restraints: Harmful effects of high doses of lutein

According to "Oxidants and Antioxidants in Medical Science, 2022," a publication that focuses on the role of antioxidants in healthcare. Suggests on consulting healthcare providers before taking any dietary supplements, including lutein, highlights the potential risks and side effects associated with lutein supplementation, particularly for individuals with specific medical conditions or those taking medications. This cautious approach can instill a sense of uncertainty and hesitation among consumers, making them more reluctant to consider lutein supplements as a viable option. Moreover, the mention of the lack of regulation in the dietary supplement industry raises serious concerns about the quality and safety of lutein supplements. The fact that these supplements have not undergone rigorous testing for safety and efficacy can erode consumer trust in the market. The potential for variations in dosage and the risk of contamination with other substances further exacerbate these concerns. Consumers may be skeptical about the accuracy of dosage claims and worry about potential health risks associated with using lutein supplements. This lack of trust and confidence in the quality of lutein supplements can deter consumers from purchasing these products and steer them towards seeking lutein from natural food sources instead.

Additionally, the caution against self-medication and the need to avoid or delay standard medical treatment can act as a significant restraint on the lutein market. The mention of potential misuse and the recommendation for healthcare provider consultation imply that some individuals may be tempted to rely solely on lutein supplements for treating or preventing health problems, which may not be advisable. This cautionary advice may discourage consumers from considering lutein supplementation altogether, as they may prefer to rely on conventional medical treatments instead.

The overdose of lutein can be considered harmless; however, an allergic person should avoid any lutein supplement source that contains the allergen. It is always recommended to avoid lutein supplements in times of pregnancy or breast-feeding. Scientists are unclear about the interactions of lutein with prescription and over-the-counter medications. Therefore, taking supplements that mix lutein with vitamins carries a risk of negative interactions with medications and can have adverse effects. For instance, toxic levels of vitamin C and E have shown an association with health problems, while vitamin A overdose can lead to liver toxicity and weak bones.

To avoid the harmful effects of consuming synthetic lutein, it is suggested that lutein should be taken with high-fat meals. If an excessive amount of lutein is taken over a period of time, one may experience a yellowing of the skin which is also known as carotenodermia. Refraining from lutein overdose is also suggested to any person is suffering from liver or kidney problems.

Opportunities: Awareness about the medical applications of lutein

Lutein has multiple uses and applications in the fields of animal feed, human food, pharmaceuticals, cosmetics, and supplements. The uses of lutein for medicinal purposes are still not very well-known to many people. The developing countries of Asia Pacific and Africa are still unaware of the multiple uses of lutein in the medical field, combating the most prominent fatal diseases across the world—for different heart diseases, cancer prevention, and diabetes reduction. The leading players are now entering the untapped markets in the Asian, African, and the Middle Eastern countries to create awareness about the uses of lutein as well as market their products. Thus, there are immense opportunities in the pharmaceutical industry for lutein. Growth in awareness about medicinal benefits of lutein will lead to an increase in the overall market of lutein.

Cognitive Health

Lutein's potential benefits for brain health and cognitive function have gained attention in recent years. Several studies have found a positive association between higher lutein levels in the brain and better cognitive performance, including memory, attention, and processing speed. Lutein's antioxidant properties help protect against oxidative stress and inflammation, which are implicated in age-related cognitive decline and neurodegenerative diseases such as Alzheimer's disease. The exploration of lutein supplements for cognitive enhancement has led to increased interest in the pharmaceutical market. Consumers are seeking natural and effective solutions to support brain health and improve cognitive function, especially as the aging population grows. Lutein-based supplements and formulations targeting cognitive health provide an opportunity for the pharmaceutical industry to develop products that meet this demand.

According to a report from the U.S. Department of Health & Human Services in 2021, it was found that approximately 83% of individuals with subjective cognitive decline (SDC) also have at least one chronic condition. The presence of SDC alongside these chronic conditions can make it more challenging to effectively manage overall health. This influences the growing demand for interventions and solutions that can address cognitive health issues and assist in the management of these coexisting chronic conditions. The increased prevalence of chronic conditions in individuals with SDC highlights the need for comprehensive healthcare strategies that address both cognitive health and the management of underlying chronic conditions. Lutein, with its potential cognitive benefits and positive effects on chronic conditions like cardiovascular diseases, can play a role in meeting this demand. Lutein-based pharmaceutical formulations or supplements may offer a natural and effective approach to support cognitive health while simultaneously addressing the challenges associated with managing chronic conditions.

Cardiovascular Health

Lutein's antioxidant and anti-inflammatory properties are also believed to have positive effects on cardiovascular health. Oxidative stress and inflammation contribute to the development and progression of cardiovascular diseases, including heart disease and stroke. Lutein acts as a scavenger of free radicals and helps reduce oxidative damage to cells and tissues, including those in the cardiovascular system.

Several studies have shown an inverse relationship between lutein intake and the risk of developing cardiovascular diseases. Higher dietary lutein intake or lutein supplementation has been associated with a reduced risk of coronary artery disease, atherosclerosis, and stroke. Lutein's ability to improve endothelial function, reduce inflammation, and enhance antioxidant defense mechanisms in the blood vessels contributes to its potential cardiovascular benefits. As cardiovascular diseases remain a significant global health concern, the pharmaceutical market has an opportunity to develop lutein-based formulations or combination products that promote cardiovascular health. Lutein supplements or pharmaceutical formulations could be targeted towards individuals at risk of or diagnosed with cardiovascular conditions, as well as those seeking preventive measures to maintain a healthy cardiovascular system.

Challenges: Low cost-competitiveness from Asian countries

Asian countries often benefit from economies of scale due to their large population, abundant resources, and well-established supply chains. These economies of scale allow Asian companies to achieve cost advantages in production, distribution, and procurement, which leads to lower overall costs. Companies in other countries may struggle to compete on price due to the lack of similar scale advantages. Labor costs in Asian countries, particularly in Southeast Asia, are generally lower compared to Western countries. This cost advantage allows Asian companies to offer lutein at a lower price while maintaining reasonable profit margins. In contrast, companies in other countries with higher labor costs may face difficulties in matching the competitive prices offered by their Asian counterparts.

Many Asian governments actively support their domestic industries, including the lutein market, by providing incentives, subsidies, and favorable policies. This support helps Asian companies reduce their costs, invest in research and development, and expand their market presence. Companies in other countries may find it challenging to compete against Asian rivals benefiting from such government support. The following are examples of government schemes and support in India and China that have aided the lutein market:

India

• Make in India Initiative: Launched in 2014, this initiative aims to promote manufacturing in India by providing various incentives and support to domestic industries. It offers benefits such as tax incentives, infrastructure development, and easier access to credit, which can help companies in the lutein market reduce their costs and expand their operations.
• National Horticulture Mission (NHM): The NHM focuses on promoting horticulture cultivation, including the production of medicinal plants like marigold, which is a significant source of lutein. The mission provides financial assistance, technical guidance, and infrastructure development support to farmers and entrepreneurs engaged in horticulture, boosting the availability of raw materials for lutein production.
• Horticulture Mission for Northeast and Himalayan States (HMNEH): The HMNEH initiative provides subsidies and support for horticulture cultivation, including marigold farming, in the northeastern states of India and the Himalayan region. The scheme offers assistance for activities like land development, plant material distribution, irrigation, and infrastructure development, aiming to boost marigold production in these regions.

China

• Made in China 2025: Launched in 2015, this strategic plan aims to transform China into a high-tech manufacturing powerhouse. It provides support to industries, including the pharmaceutical and nutraceutical sectors, through initiatives such as funding for technological innovation, infrastructure development, and preferential policies. Companies in the lutein market can benefit from these policies to enhance their manufacturing capabilities and improve competitiveness.
• Government Subsidies: The Chinese government provides subsidies to domestic companies in various industries, including the pharmaceutical sector. These subsidies can cover aspects such as research and development, production equipment, and raw material procurement, helping companies in the lutein market reduce costs and invest in innovation.

These examples illustrate how the governments of India and China actively support their domestic lutein industries through a combination of incentives, subsidies, infrastructure development, and favorable policies. Such support enables Asian companies to reduce costs, invest in R&D, and expand their market presence, giving them a competitive edge over companies from other countries that may not have access to similar government support.

Lutein Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of lutein ingredients. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art facilites, and strong global sales and marketing networks. Prominent companies in this market include BASF SE (Germany), India Glycols Limited. (India), Kemin Industries, Inc. (US), E.I.D. Parry (India) Limited (India), Divi’s Laboratories (India), Merck KGaA (Germany), Piveg, Inc. (US), Omniactive Health Technologies (India), Synthite Industries Ltd. (India), Zhejiang Medicine Co., Ltd. (China), Döhler (Germany), Lycored (Israel), Allied Biotech Corporation (Taiwan), Sabinsa (India) and FENCHEM (China).

Based on application, the beverage is witnessing the highest CAGR during the forecast period.

As consumers become more health-conscious, there is a growing demand for functional and fortified beverages. Lutein, with its eye health benefits, appeals to this consumer trend, driving the demand for lutein-fortified beverages. Nutraceuticals are beverages that bridge the gap between nutrition and pharmaceuticals, offering health benefits beyond basic nutrition. Lutein is used as a key ingredient in nutraceutical drinks due to its potential role in preventing age-related macular degeneration (AMD) and reducing the risk of cataracts. These beverages cater to health-conscious consumers seeking preventive measures against eye diseases. Consumers are increasingly seeking clean-label products with natural ingredients. Lutein, being a natural pigment, serves as a clean label option for manufacturers looking to meet consumer demands for transparency and healthier choices.

Based on form, The powder & crystalline form of lutein are anticipated to dominate the market.

powder & crystalline lutein is relatively easy to formulate compared to other forms. It can be readily mixed and encapsulated, allowing for convenient production processes. This ease of formulation can contribute to its higher demand as it reduces manufacturing complexities and costs. The powder & crystalline form of lutein provides flexibility in its usage as it can be conveniently mixed with various ingredients. This adaptability makes it highly suitable for a diverse range of products, including dietary supplements, functional foods, and beverages. Manufacturers seeking to include lutein in their formulations find the versatility of powdered lutein appealing

Natural segment of the lutein market by source is projected to witness the highest CAGR during the forecast period.

Many consumers prefer products that are derived from natural sources rather than synthetic alternatives. Natural lutein, sourced from plants like marigold flowers, may be perceived as a more desirable option for individuals seeking natural and plant-based supplements. As the demand for clean-label products increases, consumers are seeking transparency in product ingredients. Natural lutein may align with these preferences, as it can be marketed as a clean, natural ingredient without any chemical modifications.

The Asia Pacific market is projected to contribute the largest share for the lutein market.

Asia Pacific, particularly countries like China and India, boasts a strong agricultural sector and favorable climatic conditions for cultivating lutein-rich sources like marigold flowers. This enables a steady supply of lutein, supporting Asia Pacific position as a major producer and ensuring a reliable source of the ingredient. Asia Pacific has experienced significant investments in the nutraceutical and dietary supplement industries. Companies in the region are actively focusing on research, development, product innovation, and marketing to meet the rising demand for lutein and related products. These investments in infrastructure and manufacturing capabilities further boost the Asia Pacific market position

Key Market Players

BASF SE (Germany), India Glycols Limited. (India), Kemin Industries, Inc. (US), E.I.D. Parry (India) Limited (India), and Divi’s Laboratories (India) are among the key players in the global lutein market. Companies are focusing on expanding their production facilities by entering into partnerships and agreements as well as by launching new products to grow their businesses and their market shares. New product launches as a result of extensive research & development (R&D) initiatives, geographical expansion to tap the potential of emerging economies, and strategic acquisitions to gain a foothold over the large extent of the supply chain are the key strategies adopted by companies in the lutein market.

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Scope of the Report

Lutein  Market:

By source

• Natural
• synthetic

By Form

• powder & crystalline
• oil suspension
• beadlet
• emulsion

By application

• food
• beverage
• dietary supplements
• animal feed
• other applications*

By production process

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

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Rest of the World (RoW)**

*pharmaceutical and personal care
**Rest of the World (RoW) includes the Middle East and Africa.

Recent Developments

• In April 2021, Kemin Industries has expanded its distribution agreement with Diethelm Keller Siber Hegner (DKSH) to include distribution for Kemin Food Technologies - Asia in the Philippines and Indonesia. This partnership builds upon their successful collaboration in Vietnam, Myanmar, Cambodia, and Singapore. The expanded collaboration with DKSH benefits the lutein market by ensuring greater accessibility and reliability of Kemin's products in Asia.
• In June 2020, Kemin Industries has formed a partnership with Diethelm Keller Siber Hegner (DKSH) to serve as the distributor for Kemin Food Technologies in Vietnam, Myanmar, and Cambodia. This collaboration enables Kemin to strengthen its market presence and expand its reach in these emerging countries. By leveraging DKSH's distribution services, Kemin Food Technologies can optimize its distribution network and enhance its customer service. The partnership between Kemin Food Technologies – Asia and DKSH benefits the lutein market by offering technically competent local salespeople from DKSH, supported by Kemin's expertise and high-quality products. This collaboration ensures that customers in Vietnam, Myanmar, and Cambodia have access to reliable distribution channels and the necessary support to meet their lutein-related needs.
• In September 2021, OmniActive Health Technologies has announced the official commercial launch of Nutritears in the US. Nutritears is a product that is developed using OmniActive's Integrative Actives platform, which enables the delivery of multiple active ingredients in concentrated, smaller doses. It is specifically designed to address the issues related to occasional dry eyes. Nutritears features a unique and patent-pending combination of ingredients, including lutein and zeaxanthin isomers, curcuminoids, and vitamin D3. This formulation may attract new customers who are looking for comprehensive eye health solutions containing lutein supplements.

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