16-May-2022 | Facts and Factors
According to Facts and Factors, the global lanolin market was valued at USD 318.50 million in 2021 and is predicted to increase at a CAGR of 8.23% to USD 504.08 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
The primary drivers expected to drive the lanolin market during the forecast period are expanding population around the world and rising cosmetics consumption. Increased use of lanolin in industrial applications, such as the leather sector, metal cutting, automotive, bio-lubricants, and anti-corrosion products, is expected to boost the global market growth. Furthermore, rising demand from the pharmaceutical and healthcare sectors, because of a growing preference for non-toxic and chemical-free products, will propel the market forward. Local governments' assistance for the development of lanolin-related auxiliary sectors through subsidies and tax exemptions is projected to complement the sector's expansion.
Browse the full “Lanolin Market By Application (Personal Care & Cosmetics, Baby Care Products, Pharmaceuticals, Industrial, Others), By Derivative (Lanolin Alcohol, Cholesterin, Feed Grade, Laneth, Lanogene, Lanosterols, Quaternium 33, PEG-75, Lanolin Fatty Acid, Others), and By Region - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2022 – 2028" report at https://www.fnfresearch.com/lanolin-market
Low labor and production costs, as well as permissive animal welfare standards, are predicted to encourage manufacturers to develop their manufacturing facilities in these locations, resulting in lucrative chances for the lanolin market to expand. However, the market is projected to be hampered by lanolin side effects such as skin burning, stinging, redness, or irritation, as well as the substitution of lanolin with various substitutes. In addition, to attract a big consumer base, producers are focusing on novel ingredient discovery, private label introduction, and professional product releases. Local governments' assistance for the development of lanolin-related auxiliary sectors through subsidies and tax exemptions is projected to complement the sector's expansion.
Segmental Overview
In 2021, the lanolin alcohol sector accounts for the biggest revenue share in the global lanolin market when it comes to derivatives. Over the forecast period, this dominance is expected to persist. This is due to technology breakthroughs and product developments in the compositions of numerous cosmetic and personal care items. Lanolin alcohol is also commonly utilized in baby care, hair care, and skincare products because it is a non-drying organic molecule.
In terms of application, the personal care & cosmetics segment is expected to grow at a substantial CAGR over the forecast period, owing to a rise in global demand for bio-based cosmetics. Rapid urbanization, as well as the benefits of lanolin, such as waterproofing and anti-itching characteristics, will all contribute to the growth of the industry.
Regional Overview
The Asia-Pacific region is expected to dominate the Lanolin market. Increasing spending on mass cosmetics and personal care items because of improving economic conditions in emerging markets such as India, Vietnam, Thailand, and Indonesia will fuel growth even further. Similarly, the rising prevalence of lifestyle-related disorders is increasing the demand for natural treatments that have little or no side effects. Furthermore, the presence of numerous personal care manufacturers in this area is projected to play a significant part in propelling the market forward. North America and Europe have established lanolin markets that are likely to develop at a moderate rate throughout the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 318.50 Million |
Projected Market Size in 2028 |
USD 504.08 Million |
CAGR Growth Rate |
8.23% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Lubrizol Corp., Imperial-Oil-Import Handles Mbah, Nippon Fine Chemicals Co. Ltd., NK Ingredients Pte Ltd., Nanotec Australia Pty Ltd., Fincham, Industrial Quamina del Centro S.A. de C.V., Rolex Lanolin Products Limited, Coda, Jiangsu Win pool Industrial Co. Ltd., and Others |
Key Segment |
By Application, Derivative, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Landscape
The report contains qualitative and quantitative research on the global Lanolin Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
List of Key Players in the Global Lanolin Market:
- Lubrizol Corp.
- Imperial-Oil-Import Handles Mbah
- Nippon Fine Chemicals Co. Ltd.
- NK Ingredients Pte Ltd.
- Nanotec Australia Pty Ltd.
- Fincham
- Industrial Quamina del Centro S.A. de C.V.
- Rolex Lanolin Products Limited
- Creda
- Jiangsu Win pool Industrial Co. Ltd.
The global Lanolin market is segmented as follows;
By Application
- Personal Care & Cosmetics
- Baby Care Products
- Pharmaceuticals
- Industrial
- Others
By Derivative
- Lanolin alcohol
- Cholesterin
- Feed Grade
- Laneth
- Lanogene
- Lanosterols
- Quaternium 33
- PEG-75
- Lanolin Fatty Acid
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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