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Australia Lutein Market Size, Report, Growth, Analysis: By Type: Synthetic, Natural; By Form: Emulsion, Oil Suspension, Powder and Crystalline, Beadlet, Others; By Production Process: Algae Route, Fermentation, Extraction from Botanical Material, Chemical Synthesis; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Australia Lutein Market Outlook
The Australia lutein market size is projected to grow at a CAGR of 5.80% between 2024 and 2032.
Key Takeaways
- Lutein, a powerful carotenoid, is celebrated for its role in eye health and is abundantly found in various fruits, vegetables, and leafy greens.
- Key players in the market are Besus Pty Ltd, Blackmores Limited, and Nature’s Care Manufacture Pty Ltd.
- One of the best lutein supplements available in Australia is the Ocuvite Bausch + Lomb 50+ Supplement, which is specifically designed for adults over 50 and contains key ingredients like Lutein, Zeaxanthin, and Omega-3 to promote healthy vision.
Growing awareness of eye health, favourable agricultural conditions, and investments in the nutraceutical and dietary supplement industries are primary drivers of Australia lutein market growth. Additionally, the increasing demand for lutein as a natural colorant in food and beverage applications, its application in pharmaceuticals, and the rising prevalence of age-related macular degeneration (AMD) are significant factors contributing to market expansion.
Technological advancements improving the stability, solubility, and bioavailability of lutein, along with government initiatives focusing on health issues like diabetes and heart problems, further boost the demand for lutein products. Moreover, the demographic shift towards an aging population is creating a higher demand for eye supplements and products promoting healthy vision, including those containing lutein. One such supplement is Blackmores Lutein-Vision Advanced, which contains key ingredients like Lutein, Selenium, and Omega-3 to improve vision among aged.
In addition, natural lutein sourced from plants like marigold flowers is gaining popularity among consumers seeking clean-label products and transparency in ingredients. The is driving the Australia lutein market development.
Lutein in emulsion form offers enhanced bioavailability and stability, making it suitable for applications requiring improved absorption and efficacy. Lutein in oil suspension form provides a versatile option for products requiring lipid-based formulations, ensuring optimal delivery and absorption of the nutrient. Powdered and crystalline lutein forms offer ease of formulation, cost-effectiveness, and versatility in product applications, catering to a wide range of dietary supplements.
In addition to applications in food and beverage and pharmaceutical industries, lutein is incorporated into animal feed additives to enhance the nutritional content and promote animal health, catering to the needs of livestock and pet food industries. Lutein is also integrated into personal care products for its antioxidant and skin benefits, providing protection against environmental stressors and promoting skin health in cosmetics and skincare formulations.
Market Segmentation
Australia Lutein Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Type
- Synthetic
- Natural
Market Breakup by Form
- Emulsion
- Oil Suspension
- Powder and Crystalline
- Beadlet
- Others
Market Breakup by Production Process
- Algae Route
- Fermentation
- Extraction from Botanical Material
- Chemical Synthesis
Market Breakup by Application
- Food and Beverages
- Dietary Supplements
- Animal Feed
- Pharmaceutical
- Personal Care Products
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Competitive Landscape
Market players are offering innovative formulations and expanding their product portfolios to meet the diverse needs of consumers seeking lutein-based products for eye health.
- Besus Pty Ltd
- Blackmores Limited
- Nature’s Care Manufacture Pty Ltd
- Homart Pharmaceuticals Pty Ltd
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by Production Process |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Lutein Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Lutein Historical Market (2018-2023)
8.3 Asia Pacific Lutein Market Forecast (2024-2032)
9 Australia Lutein Market Overview
9.1 Key Industry Highlights
9.2 Australia Lutein Market Historical Market (2018-2023)
9.3 Australia Lutein Market Forecast (2024-2032)
10 Australia Lutein Market by Type
10.1 Synthetic
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Natural
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Lutein Market by Form
11.1 Emulsion
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Oil Suspension
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Powder and Crystalline
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Beadlet
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Lutein Market by Production Process
12.1 Algae Route
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Fermentation
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Extraction from Botanical Material
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Chemical Synthesis
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 Australia Lutein Market by Application
13.1 Food and Beverages
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Dietary Supplements
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Animal Feed
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Pharmaceutical
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Personal Care Products
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Australia Lutein Market by Region
14.1 New South Wales
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Victoria
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Queensland
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Australian Capital Territory
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Western Australia
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Besus Pty Ltd
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Blackmores Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Nature’s Care Manufacture Pty Ltd
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Homart Pharmaceuticals Pty Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Lutein Market: Key Industry Highlights, 2018 and 2032
2. Australia Lutein Market: Key Industry Highlights, 2018 and 2032
3. Australia Lutein Market Historical Market: Breakup by Type (USD Million), 2018-2023
4. Australia Lutein Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Australia Lutein Market Historical Market: Breakup by Form (USD Million), 2018-2023
6. Australia Lutein Market Forecast: Breakup by Form (USD Million), 2024-2032
7. Australia Lutein Market Historical Market: Breakup by Production Process (USD Million), 2018-2023
8. Australia Lutein Market Forecast: Breakup by Production Process (USD Million), 2024-2032
9. Australia Lutein Market Historical Market: Breakup by Application (USD Million), 2018-2023
10. Australia Lutein Market Forecast: Breakup by Application (USD Million), 2024-2032
11. Australia Lutein Market Historical Market: Breakup by Region (USD Million), 2018-2023
12. Australia Lutein Market Forecast: Breakup by Region (USD Million), 2024-2032
13. Australia Lutein Market Structure
Key Questions Answered in the Report
The Australia lutein market value is expected to grow at a CAGR of 5.80% between 2024 and 2032.
The market is being driven due to the increasing consumer preference for natural and plant-based supplements. Additionally, the Asia Pacific region, particularly countries like China, Australia, and India, with strong agricultural sectors and favorable climatic conditions for lutein cultivation, contribute significantly to the market growth.
Key trends aiding the lutein market expansion include increasing demand for lutein as a natural colorant in food and beverage applications and investments in the nutraceutical and dietary supplement industries in the region further boost the demand for lutein products.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on production process, the market segmentations include algae route, fermentation, extraction from botanical material, and chemical synthesis.
Emulsion, oil suspension, powder and crystalline, beadlet, and other forms are considered in the report.
Key players in the market are Besus Pty Ltd, Blackmores Limited, Nature’s Care Manufacture Pty Ltd, and Homart Pharmaceuticals Pty Ltd, among others.
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