North America Feed Lutein and Zeaxanthin Market Size

North America Feed Lutein and Zeaxanthin Market Analysis

The North America Feed Lutein and Zeaxanthin Market size is estimated at USD 52.29 million in 2024, and is expected to reach USD 68.03 million by 2029, growing at a CAGR of 5.40% during the forecast period (2024-2029).

The COVID-19 pandemic deleteriously affected all countries and industries. Similarly, the lutein or zeaxanthin market took a hit. The target industry faced challenges in managing the interrupted demand and supply of components. Unpredictable and disturbing supply chain activities and the unavailability of human resources impacted the North American lutein or zeaxanthin industry's growth.

Due to the various factors, such as increasing demand for animal production and increasing production of compound feed, the market studied is anticipated to grow during the forecast period. The lutein or zeaxanthin are the feed additives, which are primarily used in the compound feed, owing to several beneficial properties, such as antioxidation and pigmenting properties. For instance, lutein or zeaxanthin is widely used in poultry and aquatic animal feed for coloring skin, muscle, feathers, scales, and egg yolk. 

Poultry was the largest segment by animal type of the market studied accounting for 57.5% of the studied market in 2020. The changing consumer demand with respect to the color of yolks, which acts as a proof of more carotenoid's presence in the egg from the perspective of the consumer, is the driving factor for the demand of lutein or zeaxanthin in the poultry. 

The increasing demand for the animal production, owing to the increasing population and the improving standard of livings, coupled with the growing production of compound feed in the region, are the major factors that are driving the demand of lutein or zeaxanthin in the market studied