Lutein Powder Market 2024: Global Future Scope, Application, Industry Growth, and Competitive Regional Analysis Forecast through 2031 | Kemin Industries, BASF SE, DSM, Allied Biotech Corporation

DataM Intelligence has released a new research report on the Lutein Powder market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Lutein Powder Market reached US$ 310.2 million in 2022 and is expected to reach US$ 505.7 million by 2031, growing with a CAGR of 6.3% during the forecast period 2024-2031.

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Lutein Powder is derived from lutein, a carotenoid found naturally in green leafy vegetables, fruits, and other plant sources. It is known for its antioxidant properties and its role in promoting eye health by protecting the retina from harmful high-energy light waves like ultraviolet rays. Lutein is often used to support vision and may help prevent age-related macular degeneration (AMD) and cataracts. In powdered form, it can be easily incorporated into various food products, supplements, and functional beverages, making it a popular choice for health-conscious consumers.

List of the Key Players in the Lutein Powder Market:

Kemin Industries, BASF SE, DSM, Allied Biotech Corporation, Cyanotech Corporation, Chr. Hansen Holding A/S, Nature's Bounty Co., Naturex S.A., Zhejiang Medicine Co., Ltd., and Fenchem Inc.

Key Developments:

In February 2023, Herbalife Nutrition India introduced a new supplement aimed at the eye health market called Ocular Defense, which combines lutein and zeaxanthin in a scientifically formulated blend. This launch aligns with Herbalife's commitment to nutrition and wellness as it expands into the eye health sector.

In October 2023, ingredient supplier OmniActive initiated the "Lutein for Every Age" campaign to raise awareness about the importance of macular carotenoids for children's eye and brain health, while also addressing the knowledge gaps regarding children's nutritional needs.

In February 2021, Kemin Industries launched FloraGLO Lutein 20% FS Powder, a new lutein ingredient derived from marigold flowers. This powdered form is specifically designed for use in functional foods, offering superior stability, bioavailability, and formulation flexibility, making it a favored choice among food and nutrition manufacturers.

Research Process:

Both primary and secondary data sources have been used in the global Lutein Powder Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Lutein Powder Market:

By Origin: Natural, Synthetic

By Type: Low Pure Lutein Powder, High Pure Lutein Powder

By Application: Food and Beverage, Pharmaceuticals & Nutraceuticals, Cosmetics & Personal Care, Animal Feed, Others

By Distribution Channel: Supermarkets/Hypermarkets, Online Retail, Specialty Stores, Others

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Lutein Powder market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Lutein Powder Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Lutein Powder market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Lutein Powder Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Lutein Powder market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Lutein Powder market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Lutein Powder market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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