LAMEA Lutein Market

LAMEA Lutein Market Size, Share & Industry Trends Analysis Report By Form (Powder & Crystalline, Beadlet, Emulsion, and Oil Suspension), By Source (Synthetic, and Natural), By Application, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-17034 Publication Date: August-2023 Number of Pages: 139
Special Offering:
Industry Insights | Market Trends
Highest number of Tables | 24/7 Analyst Support

Analysis of Market Size & Trends

The Latin America, Middle East and Africa Lutein Market would witness market growth of 9.1% CAGR during the forecast period (2023-2030).In the year 2026, the LAMEA market's volume is expected to surge to 340.4 tonnes, showcasing a growth of 10.4% (2023-2030).

Lutein has been incorporated into several sectors due to the vast range of potential health advantages. The pharmaceutical industry uses lutein as a component in nutritional supplements. It is frequently added to supplements for eye health, together with other minerals, vitamins, and antioxidants. Lutein is a functional ingredient added by food & beverage companies to foods and drinks that promote eye health as well as general well-being. It is used in animal feed production, particularly for poultry and aquaculture.

Producers can improve the colouring of poultry skin, fish flesh, and egg yolks to make them more aesthetically pleasing to consumers by incorporating lutein into animal feed formulations. Lutein has also been used in the cosmetics and personal care industries. Due to its antioxidant qualities, it is a desirable ingredient for skincare products that aim for anti-aging and stress protection from the environment. It is added to creams, serums, lotions, and other cosmetic products to support skin health and luminosity.

The most important benefit of lutein for the skin is its potent antioxidant qualities, crucial for shielding it from dangerous free radicals everywhere in the environment. Additionally, research has shown that topical lutein advantages may unintentionally aid in increasing moisture retention and give anti-aging effects by effectively minimizing the degree of oxidative stress buildup in the skin.

In the Middle East & Africa, Saudi Arabia is a major market for cosmetics and personal care items. Customers in the nation frequently spend a lot of money on cosmetics and fragrances, which supports the industry's expansion. Brazil's sales are expected to rise due to factors like expanding digital penetration, greater consumer spending on beauty products, and other marketing initiatives by regional and local companies. The rising sale of cosmetics in the region is estimated to support the growth of the LAMEA region's market due to its antioxidant skincare benefits.

The Brazil market dominated the LAMEA Lutein Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $11.2 Million by 2030. The Argentina market is estimated to grow at a CAGR of 9.6% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 8.8% during (2023 - 2030).

Based on Form, the market is segmented into Powder & Crystalline, Beadlet, Emulsion, and Oil Suspension. Based on Source, the market is segmented into Synthetic, and Natural. Based on Application, the market is segmented into Dietary Supplements, Beverages, Food, Animal Feed, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide Lutein Market is Projected to reach USD 531.6 Million by 2030, at a CAGR of 6.2%

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include BASF SE, Kemin Industries, Inc., E.I.D. Parry Limited (Murugappa Group), Merck KGaA, Piveg, Inc., Synthite Industries Pvt. Ltd., Dohler GmbH, Sabinsa Corporation (Sami-Sabinsa Group Ltd.), Fenchem Biotek Ltd., and India Glycols Limited

Scope of the Study

Market Segments Covered in the Report:

By Form

  • Powder & Crystalline
  • Beadlet
  • Emulsion
  • Oil Suspension

By Source (Volume, Tonnes, USD Thousand, 2019-2030)

  • Synthetic
  • Natural

By Application (Volume, Tonnes, USD Thousand, 2019-2030)

  • Dietary Supplements
  • Beverages
  • Food
  • Animal Feed
  • Others

By Country (Volume, Tonnes, USD Thousand, 2019-2030)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • BASF SE
  • Kemin Industries, Inc.
  • E.I.D. Parry Limited (Murugappa Group)
  • Merck KGaA
  • Piveg, Inc.
  • Synthite Industries Pvt. Ltd.
  • Dohler GmbH
  • Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
  • Fenchem Biotek Ltd.
  • India Glycols Limited
Need a report that reflects how COVID-19 has impacted this market and its growth? Download Free Sample Now
HAVE A QUESTION?

HAVE A QUESTION?

Call: +1(646) 600-5072

SPECIAL PRICING & DISCOUNTS


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities

Unique Offerings Unique Offerings


  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Support with 10% customization free after sale

Trusted by over
5000+ clients

Our team of dedicated experts can provide you with attractive expansion opportunities for your business.

Client Logo