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Lutein Market Share

Report ID: GMI752
Published Date: Aug 2023
Report Format: PDF

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Lutein Market Share

Some of the major companies operating in the lutein market are

BASF SE
India Glycols Limited.
Kemin Industries, Inc.
E.I.D. Parry Limited
Divi’s Laboratories
Merck KGaA
Piveg, Inc.
Omniactive Health Technologies
Synthite Industries Ltd.
Zhejiang Medicine Co., Ltd.
Dohler Lycored
Allied Biotech Corporation
Sabinsa
FENCHEM

These participants focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for lutein was exceeded USD 381.1 million in 2023 and is estimated to reach more than USD 630.3 million by 2032, as the product is known for its role in supporting eye health, particularly in protecting the retina from harmful blue light and oxidative stress.

Powdered lutein segment held around 40% of the market share in 2022 and is expected to grow at a lucrative pace through 2032. Powdered forms enable flexibility in dosage adjustment and incorporation into different products, catering to personalized nutrition.

U.S. lutein industry was worth over USD 84 million in 2022 and is anticipated to expand at a significant pace from 2023-2032, backed by the aging demographic that drives the demand for lutein due to its association with supporting eye health, particularly in older adults.

BASF SE, India Glycols Limited., Kemin Industries, Inc., E.I.D. Parry Limited , Divi’s Laboratories, Merck KGaA, Piveg, Inc., Omniactive Health Technologies, Synthite Industries Ltd., Zhejiang Medicine Co., Ltd., Döhler Lycored, Allied Biotech Corporation, Sabinsa, FENCHEM among others.