Market Share of Lutein Industry
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.
Lutein Market Leaders
BASF SE
Chr. Hansen Holding A/S
Kemin Industries, Inc.
Allied Biotech Corporation
Koninklijke DSM N.V.
*Disclaimer: Major Players sorted in no particular order
