The North America Lutein Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).In the year 2019, the North America market's volume surged to 1,015.3 tonnes, showcasing a growth of 2.9% (2019-2022).
During the forecast period, the market is anticipated to grow as a result of government initiatives to increase knowledge of eye-related disorders, their treatment, and strategies to prevent them. Another market driver is the application of canthaxanthin and astaxanthin in salmonid and crustacean aquaculture due to their numerous culinary and therapeutic uses. Increased incidence of diseases like diabetes, cancer, and cardiovascular disease (CVD) are important reasons that are anticipated to drive the market ahead.
To increase their nutritional content and support eye health, lutein is added to various functional foods, including cereals, dairy products, bars, and beverages. These foods provide a practical strategy to boost lutein consumption and are meant to be included in a regular diet. The nutraceutical sector takes advantage of consumers' growing interest in preventative healthcare and a growing understanding of the value of eye health. Lutein has grown in popularity as a safe and useful nutrient for preserving good vision because many customers are looking for natural alternatives to support their well-being.
According to the CDC, over one million cataract procedures are conducted annually in the United States, and more than half of people over 80 have cataracts. As the population of the United States ages, cataract is predicted to become a greater health burden, particularly for people with lower socioeconomic status. Byooviz (ranibizumab-nuna), the first biosimilar to Lucentis (ranibizumab injection), has been given approval by the U.S. Food and Drug Administration for the treatment of several eye conditions and diseases, such as neovascular (wet) age-related macular degeneration (AMD), a key element responsible for blindness and loss of vision in Americans 65 and older. This high incidence of AMD and cataracts indicates the significant burden the region is facing and raises the demand for lutein, hence leading to regional market expansion.
The US market dominated the North America Lutein Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $105.4 Million by 2030. The Canada market is poised to grow at a CAGR of 8.1% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 7.1% 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 U.S., Mexico, Canada, and Rest of North America.
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)
By Application (Volume, Tonnes, USD Thousand, 2019-2030)
- Dietary Supplements
- Beverages
- Food
- Animal Feed
- Others
By Country (Volume, Tonnes, USD Thousand, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
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
TABLE 1 North America Lutein Market, 2019 - 2022, USD Thousands
TABLE 2 North America Lutein Market, 2023 - 2030, USD Thousands
TABLE 3 North America Lutein Market, 2019 - 2022, Tonnes
TABLE 4 North America Lutein Market, 2023 - 2030, Tonnes
TABLE 5 North America Lutein Market by Form, 2019 - 2022, USD Thousands
TABLE 6 North America Lutein Market by Form, 2023 - 2030, USD Thousands
TABLE 7 North America Powder & Crystalline Market by Country, 2019 - 2022, USD Thousands
TABLE 8 North America Powder & Crystalline Market by Country, 2023 - 2030, USD Thousands
TABLE 9 North America Beadlet Market by Country, 2019 - 2022, USD Thousands
TABLE 10 North America Beadlet Market by Country, 2023 - 2030, USD Thousands
TABLE 11 North America Emulsion Market by Country, 2019 - 2022, USD Thousands
TABLE 12 North America Emulsion Market by Country, 2023 - 2030, USD Thousands
TABLE 13 North America Oil Suspension Market by Country, 2019 - 2022, USD Thousands
TABLE 14 North America Oil Suspension Market by Country, 2023 - 2030, USD Thousands
TABLE 15 North America Lutein Market by Source, 2019 - 2022, USD Thousands
TABLE 16 North America Lutein Market by Source, 2023 - 2030, USD Thousands
TABLE 17 North America Lutein Market by Source, 2019 - 2022, Tonnes
TABLE 18 North America Lutein Market by Source, 2023 - 2030, Tonnes
TABLE 19 North America Synthetic Market by Country, 2019 - 2022, USD Thousands
TABLE 20 North America Synthetic Market by Country, 2023 - 2030, USD Thousands
TABLE 21 North America Synthetic Market by Country, 2019 - 2022, Tonnes
TABLE 22 North America Synthetic Market by Country, 2023 - 2030, Tonnes
TABLE 23 North America Natural Market by Country, 2019 - 2022, USD Thousands
TABLE 24 North America Natural Market by Country, 2023 - 2030, USD Thousands
TABLE 25 North America Natural Market by Country, 2019 - 2022, Tonnes
TABLE 26 North America Natural Market by Country, 2023 - 2030, Tonnes
TABLE 27 North America Lutein Market by Application, 2019 - 2022, USD Thousands
TABLE 28 North America Lutein Market by Application, 2023 - 2030, USD Thousands
TABLE 29 North America Lutein Market by Application, 2019 - 2022, Tonnes
TABLE 30 North America Lutein Market by Application, 2023 - 2030, Tonnes
TABLE 31 North America Dietary Supplements Market by Country, 2019 - 2022, USD Thousands
TABLE 32 North America Dietary Supplements Market by Country, 2023 - 2030, USD Thousands
TABLE 33 North America Dietary Supplements Market by Country, 2019 - 2022, Tonnes
TABLE 34 North America Dietary Supplements Market by Country, 2023 - 2030, Tonnes
TABLE 35 North America Beverages Market by Country, 2019 - 2022, USD Thousands
TABLE 36 North America Beverages Market by Country, 2023 - 2030, USD Thousands
TABLE 37 North America Beverages Market by Country, 2019 - 2022, Tonnes
TABLE 38 North America Beverages Market by Country, 2023 - 2030, Tonnes
TABLE 39 North America Food Market by Country, 2019 - 2022, USD Thousands
TABLE 40 North America Food Market by Country, 2023 - 2030, USD Thousands
TABLE 41 North America Food Market by Country, 2019 - 2022, Tonnes
TABLE 42 North America Food Market by Country, 2023 - 2030, Tonnes
TABLE 43 North America Animal Feed Market by Country, 2019 - 2022, USD Thousands
TABLE 44 North America Animal Feed Market by Country, 2023 - 2030, USD Thousands
TABLE 45 North America Animal Feed Market by Country, 2019 - 2022, Tonnes
TABLE 46 North America Animal Feed Market by Country, 2023 - 2030, Tonnes
TABLE 47 North America Others Market by Country, 2019 - 2022, USD Thousands
TABLE 48 North America Others Market by Country, 2023 - 2030, USD Thousands
TABLE 49 North America Others Market by Country, 2019 - 2022, Tonnes
TABLE 50 North America Others Market by Country, 2023 - 2030, Tonnes
TABLE 51 North America Lutein Market by Country, 2019 - 2022, USD Thousands
TABLE 52 North America Lutein Market by Country, 2023 - 2030, USD Thousands
TABLE 53 North America Lutein Market by Country, 2019 - 2022, Tonnes
TABLE 54 North America Lutein Market by Country, 2023 - 2030, Tonnes
TABLE 55 US Lutein Market, 2019 - 2022, USD Thousands
TABLE 56 US Lutein Market, 2023 - 2030, USD Thousands
TABLE 57 US Lutein Market, 2019 - 2022, Tonnes
TABLE 58 US Lutein Market, 2023 - 2030, Tonnes
TABLE 59 US Lutein Market by Form, 2019 - 2022, USD Thousands
TABLE 60 US Lutein Market by Form, 2023 - 2030, USD Thousands
TABLE 61 US Lutein Market by Source, 2019 - 2022, USD Thousands
TABLE 62 US Lutein Market by Source, 2023 - 2030, USD Thousands
TABLE 63 US Lutein Market by Source, 2019 - 2022, Tonnes
TABLE 64 US Lutein Market by Source, 2023 - 2030, Tonnes
TABLE 65 US Lutein Market by Application, 2019 - 2022, USD Thousands
TABLE 66 US Lutein Market by Application, 2023 - 2030, USD Thousands
TABLE 67 US Lutein Market by Application, 2019 - 2022, Tonnes
TABLE 68 US Lutein Market by Application, 2023 - 2030, Tonnes
TABLE 69 Canada Lutein Market, 2019 - 2022, USD Thousands
TABLE 70 Canada Lutein Market, 2023 - 2030, USD Thousands
TABLE 71 Canada Lutein Market, 2019 - 2022, Tonnes
TABLE 72 Canada Lutein Market, 2023 - 2030, Tonnes
TABLE 73 Canada Lutein Market by Form, 2019 - 2022, USD Thousands
TABLE 74 Canada Lutein Market by Form, 2023 - 2030, USD Thousands
TABLE 75 Canada Lutein Market by Source, 2019 - 2022, USD Thousands
TABLE 76 Canada Lutein Market by Source, 2023 - 2030, USD Thousands
TABLE 77 Canada Lutein Market by Source, 2019 - 2022, Tonnes
TABLE 78 Canada Lutein Market by Source, 2023 - 2030, Tonnes
TABLE 79 Canada Lutein Market by Application, 2019 - 2022, USD Thousands
TABLE 80 Canada Lutein Market by Application, 2023 - 2030, USD Thousands
TABLE 81 Canada Lutein Market by Application, 2019 - 2022, Tonnes
TABLE 82 Canada Lutein Market by Application, 2023 - 2030, Tonnes
TABLE 83 Mexico Lutein Market, 2019 - 2022, USD Thousands
TABLE 84 Mexico Lutein Market, 2023 - 2030, USD Thousands
TABLE 85 Mexico Lutein Market, 2019 - 2022, Tonnes
TABLE 86 Mexico Lutein Market, 2023 - 2030, Tonnes
TABLE 87 Mexico Lutein Market by Form, 2019 - 2022, USD Thousands
TABLE 88 Mexico Lutein Market by Form, 2023 - 2030, USD Thousands
TABLE 89 Mexico Lutein Market by Source, 2019 - 2022, USD Thousands
TABLE 90 Mexico Lutein Market by Source, 2023 - 2030, USD Thousands
TABLE 91 Mexico Lutein Market by Source, 2019 - 2022, Tonnes
TABLE 92 Mexico Lutein Market by Source, 2023 - 2030, Tonnes
TABLE 93 Mexico Lutein Market by Application, 2019 - 2022, USD Thousands
TABLE 94 Mexico Lutein Market by Application, 2023 - 2030, USD Thousands
TABLE 95 Mexico Lutein Market by Application, 2019 - 2022, Tonnes
TABLE 96 Mexico Lutein Market by Application, 2023 - 2030, Tonnes
TABLE 97 Rest of North America Lutein Market, 2019 - 2022, USD Thousands
TABLE 98 Rest of North America Lutein Market, 2023 - 2030, USD Thousands
TABLE 99 Rest of North America Lutein Market, 2019 - 2022, Tonnes
TABLE 100 Rest of North America Lutein Market, 2023 - 2030, Tonnes
TABLE 101 Rest of North America Lutein Market by Form, 2019 - 2022, USD Thousands
TABLE 102 Rest of North America Lutein Market by Form, 2023 - 2030, USD Thousands
TABLE 103 Rest of North America Lutein Market by Source, 2019 - 2022, USD Thousands
TABLE 104 Rest of North America Lutein Market by Source, 2023 - 2030, USD Thousands
TABLE 105 Rest of North America Lutein Market by Source, 2019 - 2022, Tonnes
TABLE 106 Rest of North America Lutein Market by Source, 2023 - 2030, Tonnes
TABLE 107 Rest of North America Lutein Market by Application, 2019 - 2022, USD Thousands
TABLE 108 Rest of North America Lutein Market by Application, 2023 - 2030, USD Thousands
TABLE 109 Rest of North America Lutein Market by Application, 2019 - 2022, Tonnes
TABLE 110 Rest of North America Lutein Market by Application, 2023 - 2030, Tonnes
TABLE 111 Key Information – BASF SE
TABLE 112 Key Information – Kemin Industries, Inc.
TABLE 113 Key Information – E.I.D. Parry Limited
TABLE 114 key Information – Merck KGaA
TABLE 115 Key Information – Piveg, Inc.
TABLE 116 Key Information – Synthite Industries Pvt. Ltd
TABLE 117 Key Information – Dohler GmbH
TABLE 118 Key Information – Sabinsa Corporation
TABLE 119 Key Information – Fenchem Biotek Ltd.
TABLE 120 Key Information – India Glycols Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Lutein Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting the Lutein Market
FIG 4 Porter’s Five Forces Analysis - Lutein Market
FIG 5 North America Lutein Market share by Form, 2022
FIG 6 North America Lutein Market share by Form, 2030
FIG 7 North America Lutein Market by Form, 2019 - 2030, USD Thousands
FIG 8 North America Lutein Market share by Source, 2022
FIG 9 North America Lutein Market share by Source, 2030
FIG 10 North America Lutein Market by Source, 2019 - 2030, USD Thousands
FIG 11 North America Lutein Market share by Application, 2022
FIG 12 North America Lutein Market share by Application, 2030
FIG 13 North America Lutein Market by Application, 2019 - 2030, USD Thousands
FIG 14 North America Lutein Market share by Country, 2022
FIG 15 North America Lutein Market share by Country, 2030
FIG 16 North America Lutein Market by Country, 2019 - 2030, USD Thousands
FIG 17 Recent strategies and developments: BASF SE
FIG 18 Swot Analysis: BASF SE
FIG 19 Swot Analysis: Kemin Industries, Inc.
FIG 20 Swot Analysis: E.I.D. Parry Limited
FIG 21 Swot Analysis: Merck KGaA
FIG 22 Swot Analysis: Piveg, Inc.
FIG 23 Swot Analysis: Synthite Industries Pvt. Ltd.
FIG 24 SWOT Analysis: Dohler GmbH
FIG 25 Swot Analysis: Sabinsa Corporation
FIG 26 Swot Analysis: Fenchem Biotek Ltd.
FIG 27 Swot Analysis: India Glycols Limited