Product Code: ETC4548331 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Vietnam Lutein market is witnessing growth driven by the increasing awareness of eye health and the incorporation of lutein-rich foods in the diet. This overview explores the sources, applications, and market dynamics of lutein in Vietnam, shedding light on the factors contributing to its market expansion.
The Vietnam Lutein market is witnessing significant growth, primarily driven by increasing health consciousness among the Vietnamese population. Lutein is recognized for its role in maintaining eye health, and as awareness of this benefits spreads, there is a growing demand for lutein-enriched food and dietary supplements. The aging population in Vietnam is also contributing to the market`s growth, as age-related eye conditions become more prevalent. Moreover, the beauty and cosmetics industry in Vietnam is incorporating lutein in skincare products due to its antioxidant properties, further propelling market expansion. This upsurge in demand for lutein is expected to continue.
The Vietnam Lutein market encounters challenges associated with the extraction and stabilization of lutein from natural sources. The dependency on specific plants for lutein production makes the market susceptible to agricultural risks and supply chain disruptions. Furthermore, market players must address regulatory complexities surrounding the use of lutein in food and dietary supplements, requiring rigorous compliance and documentation.
The COVID-19 pandemic has significantly impacted the Vietnam Lutein market. With disruptions in the supply chain and logistical challenges, the market witnessed a slowdown in production and distribution. The restrictions on movement and trade have affected the availability of raw materials, leading to fluctuations in prices. Consumer priorities also shifted during the pandemic, with a growing emphasis on health and wellness, potentially influencing the demand for lutein as a nutraceutical ingredient. As the situation gradually stabilizes, the market is expected to recover, with increased focus on fortifying food and beverages with lutein for its perceived health benefits.
In the Vietnam lutein market, key players are instrumental in promoting eye health and wellness. Zhejiang Medicine Co., Ltd. is a global leader with a strong presence in Vietnam, offering lutein-based supplements. DDW The Color House is another significant player, providing lutein for food and beverage applications. Ningbo Liwah Pharmaceutical Co., Ltd. is recognized for its contribution to the market with lutein formulations catering to the growing demand for nutritional supplements.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Lutein Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Lutein Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Lutein Market - Industry Life Cycle |
3.4 Vietnam Lutein Market - Porter's Five Forces |
3.5 Vietnam Lutein Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Vietnam Lutein Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Vietnam Lutein Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Vietnam Lutein Market Revenues & Volume Share, By Production Process, 2021 & 2031F |
4 Vietnam Lutein Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing awareness about the health benefits of lutein for eye health |
4.2.2 Increasing prevalence of eye-related disorders and diseases in Vietnam |
4.2.3 Rise in disposable income leading to higher spending on nutritional supplements |
4.2.4 Expansion of the pharmaceutical and healthcare industries in Vietnam |
4.3 Market Restraints |
4.3.1 Lack of awareness about lutein and its benefits among the general population |
4.3.2 Price volatility of lutein raw materials impacting product pricing |
4.3.3 Limited availability of lutein-enriched products in the market |
4.3.4 Regulatory challenges and compliance requirements in the supplement industry in Vietnam |
5 Vietnam Lutein Market Trends |
6 Vietnam Lutein Market, By Types |
6.1 Vietnam Lutein Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Lutein Market Revenues & Volume, By Form, 2021-2031F |
6.1.3 Vietnam Lutein Market Revenues & Volume, By Powder & Crystalline, 2021-2031F |
6.1.4 Vietnam Lutein Market Revenues & Volume, By Oil Suspension, 2021-2031F |
6.1.5 Vietnam Lutein Market Revenues & Volume, By Beadlet, 2021-2031F |
6.1.6 Vietnam Lutein Market Revenues & Volume, By Emulsion, 2021-2031F |
6.2 Vietnam Lutein Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Lutein Market Revenues & Volume, By Natural, 2021-2031F |
6.2.3 Vietnam Lutein Market Revenues & Volume, By Synthetic, 2021-2031F |
6.3 Vietnam Lutein Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Lutein Market Revenues & Volume, By Food, 2021-2031F |
6.3.3 Vietnam Lutein Market Revenues & Volume, By Beverages, 2021-2031F |
6.3.4 Vietnam Lutein Market Revenues & Volume, By Dietary Supplements, 2021-2031F |
6.3.5 Vietnam Lutein Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.4 Vietnam Lutein Market, By Production Process |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Lutein Market Revenues & Volume, By Chemical synthesis, 2021-2031F |
6.4.3 Vietnam Lutein Market Revenues & Volume, By Extraction from botanical materials, 2021-2031F |
6.4.4 Vietnam Lutein Market Revenues & Volume, By Fermentation, 2021-2031F |
6.4.5 Vietnam Lutein Market Revenues & Volume, By Algae route, 2021-2031F |
7 Vietnam Lutein Market Import-Export Trade Statistics |
7.1 Vietnam Lutein Market Export to Major Countries |
7.2 Vietnam Lutein Market Imports from Major Countries |
8 Vietnam Lutein Market Key Performance Indicators |
8.1 Number of eye health awareness campaigns conducted annually |
8.2 Percentage increase in lutein product launches in the Vietnamese market |
8.3 Growth in the number of ophthalmologists recommending lutein supplements |
8.4 Amount of investments made in research and development for lutein products |
8.5 Percentage of the population consuming lutein supplements regularly |
9 Vietnam Lutein Market - Opportunity Assessment |
9.1 Vietnam Lutein Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Vietnam Lutein Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Vietnam Lutein Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Vietnam Lutein Market Opportunity Assessment, By Production Process, 2021 & 2031F |
10 Vietnam Lutein Market - Competitive Landscape |
10.1 Vietnam Lutein Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Lutein Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |