Lutein Esters Market Size By Product (Powder and Oil Suspension), Application (Pharmaceuticals, Dietary Supplements, Food (Bakery & Confectionery, Dairy Products, Infant Formula, and Others), Beverages (Carbonated & Aerated Drinks, Flavored& Fruit Juices, Energy Drinks, and Others), Animal Feed (Poultry Feed, Aquatic Feed, Cattle Feed, and Pet Food), and Personal Care Products), and Geography

Lutein Esters Market Size And Forecast

According to Market Research, the Global Lutein Esters Market was valued at USD 193.5 Million in 2019 and is projected to reach USD 275.8 Million by 2027, growing at a CAGR of 5.48% from 2020 to 2027.

Think of the Global Lutein Esters Market report as a complete look at where the market's headed over the next few years. It breaks things down into different sections and dives into the trends and elements that are really making a difference. We're talking about the things that move the market – what's pushing it forward (the drivers), what's holding it back (the restraints), and where the big chances (opportunities) and potential hurdles (challenges) lie. The drivers and restraints are kind of built-in to the market itself, while the opportunities and challenges come from the outside world. Essentially, this Global Lutein Esters Market study gives you a picture of how the market is likely to grow financially over time.

Global Lutein Esters Market Definition

So, lutein – it's a type of carotenoid called a xanthophyll and you mostly find it in plants. You can get it from lots of fruits and especially those yummy green leafy veggies! Now, it comes in two formslutein esters and free lutein. You'll find the free stuff in things like kale, spinach, celery, collards, and lettuce. But lutein esters? Those are hanging out in chili peppers, papaya, oranges, mangoes, and even marigold flower petals. These esters are basically lutein hitched to different kinds of fatty acids – lauric, myristic, and palmitic acids, for example. Since marigold petals (Tagetes sp) are packed with lutein ester, that's where we get it from to make those lutein ester additives!

Lutein ester has a characteristic yellow-orange color and therefore it is mainly employed as a natural colorant pigment in animal and fish feeds, and food and beverages. Its main application in animal feed is to brighten the colors of poultry feathers and deepen the yellow color of egg yolks. Also, lutein esters are gaining recognition to prepare fortified food items such as fortified milk and bakery products to add lutein ester supplements in the meal. Furthermore, due to its UV-damage blocking properties, lutein esters are highly demanded in personal care industries to formulate various skincare products with UV-blocking features.

Global Lutein Esters Market Overview

Lutein esters impart a characteristic yellow color to the final food product. The applications of lutein ester-based natural colorants are emerging across the world due to the perception of their safer, eco-friendly nature, and pharmacological applications. Apart from lutein esters supplements, these are also used in making lutein-fortified food products such as fortified bakery and milk products. It is used in preparing milk products and infant and toddler food products, therefore helping in the market growth.

Good news for meat lovers! Pork and chicken production is on the upswing worldwide, and exports are climbing too. With the global population expected to keep growing, we're likely to see an even bigger appetite for animal protein. And speaking of good eats, poultry nutritionists are really zeroing in on producing eggs packed with lutein. Turns out, adding xanthophyll supplements to chicken feed has made eggs a fantastic source of readily absorbed xanthophylls, including lutein. Eggs are not the only beneficiary, and lutein ester (a type of carotenoid) is also a star in the aquaculture world. It's added to fish feed, mostly as pigments, to give farmed fish like crustaceans, salmon, and other finned friends that appealing color. We are really improving the diet of marine life.

The demand for vitamin and dietary supplements or nutraceuticals is increasing among the population to get an additional supplement of lutein carotenoid in the body. Studies have shown several health benefits of lutein supplementation. The rising demand for natural, herbal, and organic personal care products brings great potential for the lutein esters market. However, the lutein esters producing companies are subjected to a wide range of regulatory requirements across the world and it is the biggest restraint to the market.

Global Lutein Esters MarketSegmentation Analysis

The Global Lutein Esters Market is segmented on the basis of Product, Application, and Geography.

Lutein Esters Market, By Product Form

• Powder
• Oil Suspension

On the basis of Product, the Global Lutein Esters Market has been segmented into Powder and Oil Suspension. Powder accounted for the largest market share in 2019 as it is used as supplements for the human body, feeds for animal health, and engaged with much more application. Lutein Esters are mainly used in the powdered form owing to the ease of solubility in the different liquids such as in livestock feed, cosmetics, and food industries.

Lutein Esters Market, By Application

• Pharmaceuticals
• Dietary Supplements
• Food (Bakery & Confectionery, Dairy Products, Infant Formula, and Others)
• Beverages (Carbonated & Aerated Drinks, Flavored& Fruit Juices, Energy Drinks, and Others)
• Animal Feed (Poultry Feed, Aquatic Feed, Cattle Feed, and Pet Food)
• Personal Care Products

So, when we look at how lutein esters are used, the market really breaks down into a few key areasPharmaceuticals, Dietary Supplements, Food (think Bakery & Confectionery, Dairy Products, Infant Formula, and Others), Beverages (like Carbonated & Aerated Drinks, Flavored& Fruit Juices, Energy Drinks, and Others), Animal Feed (including Poultry Feed, Aquatic Feed, Cattle Feed, and Pet Food), and finally, Personal Care Products. Back in 2019, Dietary Supplements were the biggest piece of the pie, with Animal Feed coming in second. Because lutein esters are considered healthy ingredients, they're really popular in dietary supplements. People take them to try and prevent eye problems like cataracts and age-related macular degeneration. Plus, there's some evidence they might be good for your heart too!

Lutein Esters Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Looking at how things break down by region, the global market for Lutein Esters can be sliced intoNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe really took the lead in 2019. In fact, the market there, especially for the food-grade stuff, is booming! It's all thanks to more and more science showing how important lutein esters are for keeping your eyes healthy. And this growth isn't slowing down – companies are reacting by pouring money into expanding their production and developing cool new ways to use it. What's driving this in Europe? Well, you've got big players like BASF operating there and the EU's pretty strict rules about synthetic ingredients, which really boosts the demand for lutein esters.

Key Players

The “Global Lutein Esters Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF SE, EID Parry, India Glycols Limited ,Dohler Group, Kemin Industries, Chr. Hansen A/S, Synthite Industries Ltd, Novus International, Katra Phytochem Pvt Ltd, Zhejiang Medicine Co., Ltd, Xi’an Day Natural Inc, and Celex Laboratories Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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