North America Lanolin Market Size & Outlook, 2023-2030
North America lanolin market, 2018-2030 (US$M)
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North America lanolin market highlights
- The North America lanolin market generated a revenue of USD 40.1 million in 2023.
- The market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, lanolin fatty acid was the largest revenue generating product in 2023.
- Lanosterols is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 40.1 million |
| Market revenue in 2030 | USD 54.5 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Lanolin fatty acid |
| Fastest growing segment | Lanosterols |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 12.8% of the global lanolin market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 147.1 million by 2030.
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Lanolin Market Scope
Lanolin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 21.7% in 2023. Horizon Databook has segmented the North America 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 lanolin market in North America, which includes the U.S., Canada, and Mexico, is influenced by the extensive personal care & cosmetics industry based in the continent. The growing demand for lanolin in cosmetic and personal care products is driven by the rising preference for organic ingredients in various products.
The increasing social awareness about benefits associated with organic ingredients has further aided the growth of the lanolin market in North America. According to the U.S. International Trade Administration, The North American personal care sector was valued at USD 354 billion in 2022.
The sector has seen a significant recovery post-Covid-19, with the industry showing a growth rate of 13.3% between 2020 and 2022. This growth in the regional consumption of personal care products is expected to increase the sales of lanolin used in the formulation of these products.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America lanolin market , including forecasts for subscribers. This continent databook contains high-level insights into North America lanolin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America lanolin market size, by country, 2018-2030 (US$M)
North America Lanolin Market Outlook Share, 2023 & 2030 (US$M)
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