Lutein Market Assessment and Opportunity Forecast till 2032

1. Lutein Market Size to Cross $ 381 Mn by 2032 Global Market Insights Inc.

2. Overview of Lutein Market • The lutein market is poised to record 5.7% CAGR from 2024-2032, on account of growing interest in cosmetic and skincare products worldwide. • Lutein offers potential benefits for skin health as it helps to protect against UV radiation whilst rendering enhanced hydration and elasticity. To that end, the demand for lutein-containing beauty products has gained significant traction. For instance, in January 2023, Caliray debuted its Get Lit skin and mood enhancing supplement comprising lutein to mark its foray into the growing beauty supplement category. The ongoing R&D efforts aimed at improving the bioavailability, performance, and versatility of lutein in various applications will also drive the market expansion. • Lutein market valuation from seaweed source segment is expected to surpass USD 460 million by the end of 2032. The increasing popularity of seaweed in western countries can be attributed to the myriad of health benefits offered by marine algae and its predominant use in Asian cuisine. For instance, a group of researchers from the University of Connecticut (UConn) & Connecticut Sea Grant is leveraging R&D and community outreach to improve the accessibility & profitability of seaweed in the U.S. Marine algae such as seaweed are rich in iodine, which is a crucial mineral that helps regulate and improve thyroid function. They are also an excellent source of calcium, folate, iron, manganese, and vitamins A, K, B1, B2, C, and E. Global Market Insights Inc.

3. Continue… • Lutein market size from capsules is set to grow at 5.5% CAGR between 2023-2032. Growing health awareness and rising prevalence of infectious diseases will accelerate the need for health supplements to boost the immune system. The emergence of COVID-19 alone expedited the sale of dietary supplements due to growing concerns associated with the spread of infection. Innovation and development of novel plant-based protein supplements are expected to pave the way for segment demand. • Cosmetics applications segment is estimated to exceed USD 160 million by 2032. The booming personal care and cosmetics sector will boost the use of Lutein in beauty products. Rising disposable income, growing demand for luxury cosmetics, and increasing beauty awareness are fostering new trends in the beauty sector such as vegan cosmetics and organic skincare. In recent years, cosmetics companies have ramped up the use of a wide variety of algal species, particularly brown kelp, red & green seaweed, and spirulina due to their anti-aging properties. A high concentration of antioxidants ensures effective combat against free radicals, preventing faster aging. Global Market Insights Inc.

4. Continue… • Europe Lutein market is expected to reach USD 320 million by 2032. A solid footprint of end-user industries such as food & beverage, cosmetics, and animal feed will propel the demand for Lutein in the region. Burgeoning population growth has emphasized on the need for large-scale production of food and food alternatives. Several EU bodies are encouraging the production of microalgae to address the growing concerns associated with food shortage. • Notable participants in the lutein market includeBASF SE, India Glycols Limited., India Glycols Limited., E.I.D. Parry Limited, Divi’s Laboratories, Merck KGaA, Omniactive Health Technologies, FENCHEM, Synthite Industries Ltd., DohlerLycored and Sabinsa Global Market Insights Inc.

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