How big is the Lutein Market?

The Lutein Market size is expected to reach USD 364.71 million in 2024 and grow at a CAGR of 6.29% to reach USD 494.78 million by 2029. Read More

What is the current Lutein Market size?

In 2024, the Lutein Market size is expected to reach USD 364.71 million. Read More

Who are the key players in Lutein Market?

BASF SE, Chr. Hansen Holding A/S, Kemin Industries, Inc., Allied Biotech Corporation and Koninklijke DSM N.V. are the major companies operating in the Lutein Market. Read More

Which is the fastest growing region in Lutein Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Lutein Market?

In 2024, the Europe accounts for the largest market share in Lutein Market. Read More

What years does this Lutein Market cover, and what was the market size in 2023?

In 2023, the Lutein Market size was estimated at USD 343.13 million. The report covers the Lutein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Lutein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Lutein Market - Size, Manufacturers, Share & Industry Analysis

Lutein Industry Overview

The lutein market is highly competitive due to the presence of large regional and domestic players such as BASF SE, Chr. Hansen Holding AS, Koninklijke DSM NV, Kemin Industries Inc., and Allied Biotech Corporation. Major players are adopting mergers, expansions, acquisitions, and partnerships, along with new product development, as strategic approaches to expand their presence. Start-ups are focusing on utilizing R&D infrastructure for technological advancements in novel products. New companies are concentrating on the integration of technology for product innovation and enhancement to make a mark in the industry. An Al-based technology start-up, Brightseed, searches plants for bioactive compounds that are good for human health. The company's forager ecosystem' artificial intelligence (Al) platform accelerates the discovery of plant-based ingredients with applications in the production of medications, dietary supplements, and other goods.