According to a new report, published by KBV research, The Global Lutein Market size is expected to reach $531.6 million by 2030, rising at a market growth of 6.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,985.2 tonnes, experiencing a growth of 3.2% (2019-2022).
The Beadlet segment is experiencing a CAGR of 6.7% during (2023 - 2030). Beadlets can be easily added to various formulations, such as capsules, tablets, and powdered supplements. Lutein's solubility and shelf life are improved by beadlet encapsulation, which shields it. To administer lutein precisely, use beadlets. It is crucial for nutritional supplements, as they must be taken precisely to provide constant health advantages.
The Synthetic segment is leading the Global Lutein Market by Source in 2022; thereby, achieving a market value of $280.0 Million by 2030. Since the production process can be precisely controlled with synthetic lutein, a consistent & pure product is produced. This degree of control may be useful for particular uses, such as medications or research, where regulated lutein concentration is crucial. Additionally, compared to its natural equivalent, synthetic lutein has better stability and a longer shelf life.
The Beverages segment is experiencing a CAGR of 6.4% during (2023 - 2030). There is an increasing need for functional & fortified beverages as consumers increasingly become health conscious. The market demand for beverages with lutein added is fueled by lutein's attraction to this consumer trend due to its benefits for eye health. Drinks known as nutraceuticals provide health benefits above and beyond those offered by merely meeting nutritional needs.
The Asia Pacific region dominated the Global Lutein Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $194.3 Million by 2030. The Europe region is poised to grow at a CAGR of 5.4% during (2023 - 2030). Additionally, The North America region would register a CAGR of 5.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/lutein-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
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By Source (Volume, Tonnes, USD Thousand, 2019-2030)
By Application (Volume, Tonnes, USD Thousand, 2019-2030)
By Geography (Volume, Tonnes, USD Thousand, 2019-2030)
Companies Profiled
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