North America Lutein Market Size & Outlook, 2023-2030
The lutein market in North America is expected to reach a projected revenue of US$ 169.0 million by 2030. A compound annual growth rate of 5.7% is expected of North America lutein market from 2024 to 2030.
Revenue, 2023 (US$M)
$114.5
Forecast, 2030 (US$M)
$169.0
CAGR, 2024 - 2030
5.7%
Report Coverage
North America
North America lutein market highlights
- The North America lutein market generated a revenue of USD 114.5 million in 2023.
- The market is expected to grow at a CAGR of 5.7% 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.
North America data book summary
| Market revenue in 2023 | USD 114.5 million |
| Market revenue in 2030 | USD 169.0 million |
| Growth rate | 5.7% (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, North America region accounted for 32.0% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Allied Biotech | View profile | 101-250 | Taipei, T'ai-pei, Taiwan, Asia | http://www.altratene.com |
| Chr. Hansen | View profile | 10001+ | Hørsholm, Hovedstaden, Denmark, Europe | http://www.chr-hansen.com/en |
| Synthite | View profile | 1001-5000 | Ernakulam, Kerala, India, Asia | http://www.synthite.com/synthite.html |
| Santen Pharmaceutical Co Ltd | View profile | 1807 | Grand Front Osaka Tower A, 4-20 Ofuka-cho, Kita-ku, Osaka, Japan, 530-8552 | http://www.santen.co.jp |
| Kemin Industries | View profile | 1001-5000 | Des Moines, Iowa, United States, North America | http://www.kemin.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
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