Lanolin Market Report 2019-2029
Forecasts by Application (Personal Care & Cosmetics, Pharmaceuticals, Industrial, Baby Care Products, Others), Plus Analysis of Leading Companies
The global market for lanolin is projected to grow at a CAGR of nearly 6.6% over the estimated period of time.
Growth in end-use industries such as pharmaceuticals, personal care & cosmetics and products for baby care is the key driver of the market. Lanolin has a wide range of applications in different industries, apart from cosmetics or pharmaceuticals. A widespread trend in the lifestyle of health and wellness has led to increased demand for natural and organic ingredients in personal care products that can drive the size of the market.
Complex refining procedure may result in some residual impurities in the product that causes health risks is likely to hamper the profitability of this industry. High reliance on the availability of sheep wool as the only source for commercial production acts as another limiting factor that is likely to affect price trends in the global lanolin market.
In terms of application, personal care & cosmetics held the maximum market share of more than 40% in the year 2019 and is projected to show similar trend by the end of 2029. Lanolin is a multifunctional ingredient that acts in ointments and all skin care formulations as a natural stabilizer and emulsifier. Another driver for lanolin market is, high moisturizing properties that has resulted in enormous demand in a variety of cosmetics as well as baby care products.
Leading companies featured in the Lanolin Market Report 2019-2029 include Lubrizol Corp., Imperial-Oel-Import Handelsges mbH, Nippon Fine Chemicals Co. Ltd., NK Ingredients Pte Ltd., Lanotec Australia Pty Ltd., Fenchem, Rolex Lanolin Products Limited, Industria Quimica del Centro S.A. de C.V., Croda, Jiangsu Winpool Industrial Co. Ltd. As new entrants try to tap new lucrative and niche markets, the global market is becoming highly competitive. Government initiatives in emerging sectors such as cosmetics and personal care is further anticipated to increase the market competition in the global lanolin industry.
The comprehensive report provides market estimates and forecasts for leading domestic markets across the world for the period from 2019 to 2029. In addition, the report includes dedicated leading companies covering 10 leading lanolin industry producers.
The report on the Lanolin Market Report 2019-2029 will appreciate anyone who wants to better understand the market for personal care, cosmetics, and other application of Lanolin. It will be useful for companies that want to better understand the part of the market in which they are already involved or those that want to enter or expand into another regional or technical part of the lanolin industry.
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