Lutein concentrate rich in micronutrients and in itsnaturally bound from is prepared from lutein rich plant sources by an aqueous process. This uniqe product either in the paste or powder from and the blends thereof are incorporated in oral or topical pharmaceutical formulation for prevention or treatment of several human ailments. Luteion concentrate also froms an effective source for food colorant or it could be used alone or in combination to enrich dietary or feed supplements.