The Asia Pacific Lutein Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030).In the year 2021, the Asia Pacific market's volume surged to 1,392.2 tonnes, showcasing a growth of 3.6% (2019-2022).
Lutein, or Xanthophyll, is an organic, naturally occurring yellow and orange carotenoid. Many fruits and vegetables contain lutein, such as sweet potatoes, mangoes, corn, carrots, squash, tomatoes, and leafy greens like kale and collards. Lutein has the molecular formula C40H56O2. Especially from high-intensity light rays referred to as blue light, lutein absorbs excess light energy to protect plants from harm caused by intense sunshine.
The prevalence of vision disorders has been sharply increasing as more people use mobile phones, laptops, and other electronic displays. Long-term use of these devices raises the risk of several eye conditions, such as dry eye and irritation, macular degeneration, and several other conditions known as computer vision syndrome. The demand for products related to eye health is growing as individuals become more aware of their vision. It is estimated to support the growth of the market.
The pharmaceutical as well as nutraceutical companies both drive the market. Lutein is a component commonly utilized by the pharmaceutical industry to create eye health supplements and treatments. Lutein is a component of several dietary supplements and functional foods that support eye health in the nutraceutical industry. The sector that focuses on creating food, beverages, and dietary supplements that offer health advantages above and beyond basic nutrition is known as the nutraceutical industry. Lutein is frequently present in nutraceuticals used to support health.
According to the National Library of Medicine, only studies using established AMD grading systems (Wisconsin Age-Related Maculopathy Grading System, Age-Related Eye Disease Study System of Classifying AMD, the International Classification and Grading System for AMD, or the Clinical Classification of Age-Related Macular Degeneration) were included in population-based investigations on AMD prevalence in Chinese populations worldwide. Among the 81 patients with the condition, dry AMD was identified in 26 eyes (32.1%), neovascular AMD in 16 eyes (19.8%), and intermediate AMD in 18 eyes (22.2%). This region's high prevalence of age-related macular degeneration is expected to increase demand for eye health supplements, creating growth opportunities for the market.
The China market dominated the Asia Pacific Lutein Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $53.4 Million by 2030. The Japan market is estimated to witness a CAGR of 5.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.2% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
By Form
By Source (Volume, Tonnes, USD Thousand, 2019-2030)
By Application (Volume, Tonnes, USD Thousand, 2019-2030)
By Country (Volume, Tonnes, USD Thousand, 2019-2030)
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