Lutein Market Analysis

Lutein Market Analysis

To get key market trends

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Lutein market from the natural source segment exceeded USD 198.2 million in 2022 marigold flower-derived lutein aligns with the trend toward natural and clean label products, appealing to health-conscious consumers. Algae-derived lutein fits well with plant-based and vegan product formulations, catering to consumers seeking non-animal sources. Moreover, an increasing usage will further accelerate the segmental growth.
 

The powdered lutein captured around 40% share of the lutein market in 2022 and is set to grow at a lucrative pace by 2032. Powdered forms enable flexibility in dosage adjustment and incorporation into different products, catering to personalized nutrition. Powdered lutein can be easily mixed into smoothies, beverages, and recipes, allowing for diverse consumption options.
 

The dietary supplements segment held a dominant market share in 2022 and is poised to observe gains at nearly 5.2% up to 2032. Lutein is used as a dietary additive to enhance the nutritional value of various products, ranging from beverages to dairy. Thus, the high-quality services and growing usage of lutein at food centres are anticipated to expedite the business growth.
 

U.S. dominated the North American region with majority market share and a revenue of USD 84.1 million in 2022 and is likely to expand at a significant pace from 2023 to 2032. The aging demographic in North America drives the demand for lutein due to its association with supporting eye health, particularly in older adults. Increasing awareness of the importance of eye health among consumers, propelled by aging populations and digital device usage, boosts the demand for lutein.