Europe Lutein Market Insights Forecasts to 2033

• The Europe Lutein Market Size was valued at USD 124.1 Million in 2023
• The Market is Growing at a CAGR of 5.46% from 2023 to 2033
• The Europe Lutein Market Size is Expected to Reach USD 211.2 Million by 2033

The Europe Lutein Market Size is Anticipated to Reach USD 211.2 Million by 2033, Growing at a CAGR of 5.46% from 2023 to 2033.

Market Overview

Lutein is a carotenoid, an organic pigment that gives plants and fruits their yellow, orange, and red colors. It's also found in the human eye, where it protects the retina and macula from damage caused by sunlight. In Europe, lutein is primarily produced by extracting it from marigold flowers (Tagetes erecta), which are cultivated in countries like Mexico and China, and is then used as a food colorant (E161b) approved by the European Union, primarily in food supplements and nutritional products due to its potential health benefits; while research is ongoing to explore large-scale production of lutein from microalgae within Europe as well. In Europe, adults are exposed to an average of 0.1 mg/kg bw/day of lutein, and children are exposed to an average of 0.1–0.4 mg/kg bw/day. Additionally, the integration of lutein into functional foods and beverages is gaining popularity, as consumers are seeking products with added health benefits. Europe has put in place regulations regarding the use of lutein in food products, which enhances consumer confidence and encourages market expansion. Continuous scientific research demonstrating the benefits of lutein is also bolstering consumer trust and increasing market demand.

Report Coverage

This research report categorizes the market for the Europe lutein based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe lutein market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe lutein market.

Driving Factors

The European lutein market is driven by several key factors. There is increasing awareness about the benefits of lutein for eye health, particularly about age-related macular degeneration (AMD). A growing elderly population is also contributing to this trend, along with rising consumer demand for functional foods and beverages that contain lutein. Established regulations regarding the use of lutein in food and pharmaceutical products are further supporting market growth. Overall, heightened health consciousness among European consumers is propelling the demand for lutein supplements and fortified foods. A primary driver is the growing understanding of lutein's role in protecting eye health, especially against AMD, which is a significant concern for aging populations in Europe. As the elderly population expands, the demand for eye health supplements, such as lutein, is increasing sharply.

Restraining Factors

Concerns about the quality and efficacy of lutein supplements, lack of conclusive scientific evidence on high doses, potential side effects, consumer skepticism regarding self-medication, and limited understanding of the optimal lutein intake levels; all of which could hinder market growth in the region. Stringent regulations around dietary supplements in Europe can impact market growth by requiring manufacturers to demonstrate product safety and efficacy. 

Market Segmentation

The Europe lutein market share is classified into source and application.

• The natural segment is expected to hold the largest market share through the forecast period.

The Europe lutein market is segmented by source into natural and synthetic. Among these, the natural segment is expected to hold the largest market share through the forecast period. This is driven by increasing consumer awareness of its health benefits and rising demand for natural ingredients in the food and nutraceutical industries. The primary sources of natural lutein are marigold flowers (Tagetes erecta), which contain high concentrations of the carotenoid. The increasing demand for natural lutein has led to a rise in the cultivation of marigold flowers, where the climate and land availability are suitable for large-scale production. Moreover, the increasing adoption of healthy lifestyles and a growing preference for natural remedies are contributing to the market growth.

• The dietary supplements segment is expected to dominate the Europe lutein market during the forecast period.       

Based on the application, the Europe lutein market is divided into food and beverage, dietary supplements, pharmaceuticals, animal feed, and others. Among these, the dietary supplements segment is expected to dominate the Europe lutein market during the forecast period. Lutein has been found to improve visual acuity, reduce glare, and protect the eyes from UV radiation. These benefits have made lutein supplements an attractive option for individuals seeking to maintain optimal eye health and prevent age-related eye diseases.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe lutein market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Triton Minerals
• Syrah Resources
• NOVONIX
• Northern Lutein
• Nippon Carbon
• AMG Advanced Metallurgical Group
• Tokai Carbon Co Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2023, Sirio Europe has introduced two new softgels aimed at customer needs in consumer health, focusing on menopause and eye health. Launching at CPHI Barcelona, these ready-to-market formulations are designed for premium over-the-counter and large pharmacy chains in Europe. The menopause-support softgel contains 500 mg of evening primrose oil and 45 mg of Gamma Linolenic Acid, while the eye health softgel features Sirio’s vision care complex with Lutein, Zeaxanthin, and Astaxanthin. Both products are vegan, gluten-free, and produced under Sirio’s European GMP license at its German facility.

Market Segment

This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe Lutein Market based on the below-mentioned segments:

Europe Lutein Market, By Source

• Natural
• Synthetic

Europe Lutein Market, By Application

• Food and Beverage
• Dietary Supplements
• Pharmaceuticals
• Animal Feed
• Others