Canada Lanolin Market Size & Outlook, 2023-2030
Canada lanolin market, 2018-2030 (US$M)
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Canada lanolin market highlights
- The Canada lanolin market generated a revenue of USD 5.8 million in 2023 and is expected to reach USD 7.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, lanolin fatty acid was the largest revenue generating product in 2023.
- Cholesterin is the most lucrative product segment registering the fastest growth during the forecast period.
Lanolin market data book summary
| Market revenue in 2023 | USD 5.8 million |
| Market revenue in 2030 | USD 7.9 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Lanolin fatty acid |
| Fastest growing segment | Cholesterin |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lanolin Alcohol, Cholesterin, Isopropyl Lanolate, Laneth, Lanogene, Lanosterols, Quaternium 33, PEG-75, Lanolin Fatty Acid |
| Key market players worldwide | Basf SE, The Lubrizol Corp, Imperial Brands PLC, Nippon Chemical Industrial, Lanotec, Croda International PLC, Esperis, Rolex Lanolin |
Other key industry trends
- In terms of revenue, Canada accounted for 1.8% of the global lanolin market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. lanolin market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 7.9 million by 2030.
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Lanolin Market Scope
Lanolin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada lanolin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lanolin market will help companies and investors design strategic landscapes.
Lanolin fatty acid was the largest segment with a revenue share of 25.86% in 2023. Horizon Databook has segmented the Canada lanolin market based on lanolin alcohol, cholesterin, isopropyl lanolate, laneth, lanogene, lanosterols, quaternium 33, peg-75, lanolin fatty acid covering the revenue growth of each sub-segment from 2018 to 2030.
The high demand for lanolin in cosmetic industry is a major factor driving the market in Canada. Lanolin is widely used in baby care products, such as creams and lotions, due to its moisturizing and emollient properties.
According to the government of Canada, the parental childcare expenses for children aged between 0 and 5 years averaged at USD 7,790 in 2022. This is attributed to the higher levels of income of country’s citizens, driving the spending on baby care items. The government of Canada has given emphasis to the baby care sector, pledging to spend USD 27.2 billion from 2021 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada lanolin market , including forecasts for subscribers. This country databook contains high-level insights into Canada lanolin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada lanolin market size, by product, 2018-2030 (US$M)
Canada Lanolin Market Outlook Share, 2023 & 2030 (US$M)
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