Latin America Lutein Market Size & Outlook, 2023-2030
The lutein market in Latin America is expected to reach a projected revenue of US$ 25.3 million by 2030. A compound annual growth rate of 4.9% is expected of Latin America lutein market from 2024 to 2030.
Revenue, 2023 (US$M)
$18.1
Forecast, 2030 (US$M)
$25.3
CAGR, 2024 - 2030
4.9%
Report Coverage
Latin America
Latin America lutein market, 2018-2030 (US$M)
Latin America lutein market highlights
- The Latin America lutein market generated a revenue of USD 18.1 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, natural was the largest revenue generating source in 2023.
- Natural is the most lucrative source segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 18.1 million |
| Market revenue in 2030 | USD 25.3 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Natural |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural |
| Key market players worldwide | Basf SE, Chr. Hansen, Kemin Industries, Allied Biotech, Koninklijke DSM NV, Synthite, Santen Pharmaceutical Co Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.0% of the global lutein market in 2023.
- Globally, Europe 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 138.4 million by 2030.
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Lutein Market Scope
Lutein market segmentation & scope
Form
Powder
Oil Suspension
Emulsion
Beadlet
Application
Food and Beverage
Dietary Supplements
Pharmaceuticals
Animal Feed
Other Application
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Lutein Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America lutein market
Related regional statistics
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