Lutein and Lutein Esters Market, By Type (Powder and Oil), By Application (Pharmaceuticals, Dietary Supplement, and Food Additives), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2034

Lutein And Lutein Esters Market is expected to grow at a CAGR of 5.9% to reach US$ 384.7 billion by 2034, from its estimated value of US$ 228.2 billion in 2024.

An ester is a chemical compound derived from an acid and is naturally occurring and can also be produced synthetically. A lutein ester has two extra fatty acid molecules, as opposed to pure lutein. Lutein and zeaxanthin are powerful antioxidants that defend the body against unstable molecules called free radicals. It is attached through the end hydroxyl groups of free Lutein. Lutein esters are found in fruits and vegetables, for instance, lutein esters are present in orange, mango, chili, pepper, papaya, and others. Lutein esters are one of the important ingredients for the human body as the body does not produce Lutein and its intake is from dietary sources. Lutein is an antioxidant that protects eyes from excessive computer and phone use. It also increases skin hydration and elasticity and protects against harmful UV rays and certain eye diseases. 

Impact of COVID-19 on the market

The impact of COVID-19 on lutein and lutein esters market includes growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market. COVID-19 has affected by these ways: by directly affecting production and demand, by creating supply chain and market disruption. Biopharmaceutical firms are at the leading position of the human response to the coronavirus pandemic. A significant number of foremost biotech organizations are in the middle of a race to examine the Sars-Cov-2 genome and formulate a viable vaccine for the same. As compared to the speed of response to SARS/MERs etc, the biotech entities are investigating SARs-Cov-2 at an unprecedented rate and a significant amount of funds are being put into the R&D. With the several candidates in trial, the public and private sectors are expected to work in unison for the estimative period, until a vaccine is developed for Covid-19. This report will quantify the impact of this pandemic on the lutein and lutein esters market.

Increased consumption of dietary supplements

The demand for the use of antioxidants is increasing in recent years owing to the effect of lutein as an antioxidant in bakery products that have found to be effective in enhancing the shelf life of the baked goods. Although, natural antioxidants are found to be effective in enhancing the shelf life of bakery products but still could not reach the extent of synthetic antioxidants. Also, with the increasing internet penetration, the online market for the purchase of dietary supplements has seen rapid growth globally in the last 3-4 years. This category has attracted a few vertical specialists like Amazon, Walmart, Carrefour, etc. who are riding on increasing e-retailing growth and vying for a significant pie in online supplements space. For instance, in Australia, lutein supplements are listed medicines on the Australian Register of Therapeutic Goods and therefore claim to be safe for consumption and in New-Zealand, these are approved as nutritive substances that are permitted to be added in infant and follow-on formulas.

Rising Health Diseases

The demand for lutein esters is increasing at a robust growth rate owing to rising health diseases or it can be stated that increasing consumer awareness towards health-related problems. In the global lutein esters market, the demand for lutein esters is increasing as it is one of the carotenoid enriched with a powerful group of antioxidants, protect against irregular growth of cells resultant degenerative diseases such as cancer, protects skin from harmful damage, and lutein esters also protect human eye as it filters the UV light. In addition, the lutein esters also improve the cell health as it protects against breast cancer, skin cancer, colon cancer, and others. As lutein esters belongs to the profile of carotenoid, lutein esters quenches free radicals in the human body. Owing to the increasing number of health-conscious population and rising consumer awareness towards health problem, the demand for lutein esters is increasing in the global market. Companies are also offering capsules and tables of lutein esters owing to increasing demand for lutein esters as a preventive care. Lutein esters provide eye health support and protection, protection against cataracts, protection against macular degeneration, support for cardiovascular health, and many others. For instance, United States Patent and Trademark Office issued patent approval to Kemin Industries for the role of its lutein product- FloraGLO & ZeaONE Zeaxanthin (distributed by DSM as OPTISHARP Natural), in protecting individuals with three common ocular disorders from blue light or light-induced damage.

Conversely, the side effects of lutein supplements such as hives, rash, stomach cramps, and facial swelling are anticipated to hamper the growth of the Lutein and Lutein Esters market during the forecast period.

Lutein and lutein esters market is segmented based on the type, application, and region.

On the basis of the type, the lutein and lutein esters market is segmented into powder, and oil. Based on application, the target market is classified into pharmaceuticals, dietary supplement, and food additives.

Regional Insights:

In the region, the lutein and lutein esters market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. 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 this 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 and lutein esters 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. North America is also expected to witness relatively high growth in the lutein and lutein esters market, owing to ophthalmic industry growth in the region, especially the United States.

Lutein and Lutein Esters Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the lutein and lutein esters market report based on type, application, and region.

Lutein and Lutein Esters Market, By Type:

• Powder
• Oil

Lutein and Lutein Esters Market, By Application:

• Pharmaceuticals
• Dietary Supplement
• Food Additives

Lutein and Lutein Esters Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the lutein and lutein esters market include Allied Biotech Corporation, BASF, Chenguang Biotech Group, Divis Nutraceuticals, FMC BioPolymer, Katra Phyto, Kemin, Omniactive, Tian Yin Biotechnology, and Vitae Naturals. The prominent players are constantly involved in the development of new or combination of product. Investment in R&D is one of the planned measures to beat the competition. For instance, In March 2018 BASF introduces personalized nutrition solutions for cardiovascular health at Food Ingredients China 2018.

• Allied Biotech Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies

• BASF
• Chenguang Biotech Group
• Divis Nutraceuticals
• FMC BioPolymer
• Katra Phyto
• Kemin
• Omniactive
• Tian Yin Biotechnology
• Vitae Naturals

“*” marked represents similar segmentation in other categories in the respective section