Lutein and Zeaxanthin Market
Global Lutein & Zeaxanthin Market Size, Share & Trends Report by Type (Lutein and Zeaxanthin) and by Application (Supplements, Food, Feed, Cosmetics, and Pharmaceuticals) Forecast (2022-2028)
The global lutein and zeaxanthin market is anticipated to grow at a CAGR of around 4% during the forecast period (2022-2028). Lutein is a type of organic pigment called a carotenoid, related to beta–carotene and vitamin A, and Zeaxanthin is a deep yellow carotenoid pigment present in the retina of the eye and some plants and also used as a food additive and supplement. The rise in the demand for healthy and organic food is anticipated to drive the growth of the market. For instance, as per Simmons National Consumer Survey (NHCS) and U.S Census data, an estimated 94.38 million people consumed organic food in 2020. Moreover, as per the 2020 Organic Industry Survey, released by Organic Trade Association, the US organic food has recorded a sale of $50.4 billion, which is 4.6% greater than 2019. Thus, the rise in the consumption of organic and healthy food is anticipated to accelerate the growth of the global lutein and zeaxanthin market during the forecast period.
Impact of COVID-19 Pandemic on Global Lutein & Zeaxanthin Market
The COVID-19 pandemic has significantly impacted the global lutein & zeaxanthin market. The threat of COVID-19 has encouraged consumers to incorporate immune-boosting foods and supplements in their daily lives. This served as an opportunity for these supplements manufacturers. For instance, as per the annual report 2020 to 2021 of BASF SE, the company’s revenue from operation increased by more than 26% as compared to the operational revenue of the company in the 2019 to 2020 report.
Segmental Outlook
The global lutein and zeaxanthin market is segmented based on type and application. Based on the type, the global lutein and zeaxanthin market is further segmented into lutein and zeaxanthin. Based on the application, the market is sub-segmented into supplements, food, feed, cosmetics, and pharmaceuticals. Among these, the supplements segment is anticipated to hold a considerable share owing to the rise in the prevalence of lifestyle-related diseases.
Global Lutein and Zeaxanthin Market Share by Type, 2021 (%)
The Lutein Segment Hold a Prominent Share in the Global Lutein & Zeaxanthin Market
The lutein segment holds the major share in the market and is anticipated to grow significantly during the forecast period. Lutein is a type of organic pigment that acts as an antioxidant that helps reduce health issues such as diabetes, heart problems, and others which is one of the major factors behind the demand. For instance, as per the International Diabetes Federation (IDF), approximately 537 million adults are living with diabetes. Further, the report projected the total number of people living with diabetes is anticipated to rise to 643 million by 2030 and 783 million by 2045. Moreover, as per the data published by Global Burden of Disease in January 2021, nearly a quarter (24.8%) of all mortality in India occurred due to cardiovascular diseases. Thus, the rise in the prevalence of diabetes and cardiovascular diseases (CVDs), is anticipated to accelerate the growth of the lutein segment during the forecast period.
Regional Outlook
The global lutein and zeaxanthin market are further segmented based on geography including North America, Europe, Asia Pacific, and the rest of the world. The market can be analyzed for a particular region or country level as per the requirement. Among these, the North American region is anticipated to hold a considerable share in the global lutein and zeaxanthin market owing to the rise in the animal feed industry.
Global Lutein and Zeaxanthin Market Growth, by Region 2022-2028
Asia–Pacific Region is Anticipated to Hold a Prominent Share in the Global Lutein and Zeaxanthin market
The Asia-Pacific region is anticipated to hold a prominent share in the global lutein and zeaxanthin market owing to the rise in the awareness of nutrition and healthy eating habits. For instance, the Food and Nutrition Board had launched National Nutrition Week in 1982 which is still observed as the National Nutrition Week from September 1 to September 7, annually in India. The theme of 2021 National Nutrition Week was “feeding smart right from start”. The campaign aimed to educate people regarding the importance of nutritional and adaptive eating habits to maintain a healthy lifestyle. During National Nutrition Week, the government focuses on various initiatives to spread awareness about the right nutrition. Thus, such initiatives are anticipated to drive the growth of lutein and zeaxanthin in the region during the forecast period.
Market players Outlook
The major market players serving the global lutein and zeaxanthin market are Chr. Hansen Holdings A/S, Kemin Industries, Inc, BASF SE, and more among others. The players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2019, Kemin Industries, Inc. introduced Organic KEM GLO which was used to harness the natural characteristics of paprika to uniformly distribute color throughout the feed delivering consistent egg color pigmentation.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global lutein and zeaxanthin market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong
1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on The Global Lutein and Zeaxanthin Market
- Recovery Scenario of The Global Lutein and Zeaxanthin Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. BASF SE
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Chr. Hansen Holdings A/S
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. DSM Nutritional Products AG
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Kemin Industries, Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Novus International, Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Lutein and Zeaxanthin Market by Type
4.1.1. Lutein
4.1.2. Zeaxanthin
4.2. Global Lutein and Zeaxanthin Market by Application
4.2.1. Supplements
4.2.2. Food
4.2.3. Feed
4.2.4. Cosmetics
4.2.5. Pharmaceuticals
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Allied Biotech Corp.
6.2. BioExtract
6.3. Cyanotech Corp.
6.4. Carotec, INC.
6.5. DDW, Inc.
6.6. ExcelVite
6.7. FMC Corp.
6.8. Fuji Chemical Industries Co., Ltd.
6.9. NOW Health Group, Inc.
6.10. Sensient Technologies Corp.
6.11. Vinayaka Ingredients (INDIA) Pvt Ltd.
6.12. Vidya Herbs Pvt. Ltd.
6.13. Yigedo Bio-Technology Co., Ltd.
1. GLOBAL LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL LUTEIN IN LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ZEAXANTHIN IN LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
5. GLOBAL LUTEIN AND ZEAXANTHIN IN SUPPLEMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL LUTEIN AND ZEAXANTHIN IN FOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL LUTEIN AND ZEAXANTHIN IN FEED MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL LUTEIN AND ZEAXANTHIN IN COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL LUTEIN AND ZEAXANTHIN IN PHARMACEUTICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
11. NORTH AMERICAN LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
13. NORTH AMERICAN LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
14. EUROPEAN LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. EUROPEAN LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
16. EUROPEAN LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. ASIA-PACIFIC LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY TYPE 2021-2028 ($ MILLION)
19. ASIA-PACIFIC LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
20. REST OF THE WORLD LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21. REST OF THE WORLD LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
22. REST OF THE WORLD LUTEIN AND ZEAXANTHIN MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL LUTEIN AND ZEAXANTHIN MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL LUTEIN AND ZEAXANTHIN MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL LUTEIN AND ZEAXANTHIN MARKET, 2021-2028 (%)
4. GLOBAL LUTEIN AND ZEAXANTHIN MARKET SHARE BY TYPE, 2021VS 2028 (%)
5. GLOBAL LUTEIN IN LUTEIN AND ZEAXANTHIN MARKET SHARE BY GEOGRAPHY, 2021VS 2028 (%)
6. GLOBAL ZEAXANTHIN IN LUTEIN AND ZEAXANTHIN MARKET SHARE BY GEOGRAPHY, 2021VS 2028 (%)
7. GLOBAL LUTEIN AND ZEAXANTHIN MARKET SHARE BY APPLICATION, 2021VS 2028 (%)
8. GLOBAL LUTEIN AND ZEAXANTHIN IN SUPPLEMENTS MARKET SHARE BY GEOGRAPHY, 2021VS 2028 (%)
9. GLOBAL LUTEIN AND ZEAXANTHIN IN FOOD MARKET SHARE BY GEOGRAPHY, 2021VS 2028 (%)
10. GLOBAL LUTEIN AND ZEAXANTHIN IN FEED MARKET SHARE BY GEOGRAPHY, 2021VS 2028 (%)
11. GLOBAL LUTEIN AND ZEAXANTHIN IN COSMETICS MARKET SHARE BY GEOGRAPHY, 2021VS 2028 (%)
12. GLOBAL LUTEIN AND ZEAXANTHIN IN PHARMACEUTICAL MARKET SHARE BY GEOGRAPHY, 2021VS 2028 (%)
13. US LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
15. UK LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD LUTEIN AND ZEAXANTHIN MARKET SIZE, 2021-2028 ($ MILLION)
