Lanolin Market Size, Share & Trends Analysis Report By Application (Personal Care & Cosmetics, Pharmaceuticals), By Derivative (Lanolin Alcohol, Cholestrin, Lanosterol), By Region, And Segment Forecasts, 2019 - 2025

Industry Insights

The global lanolin market size was valued at USD 222.0 million in 2018 and is projected to expand at a CAGR of 6.0% from 2019 to 2025. Growth in end-use industries, such as pharmaceuticals, personal care & cosmetics, and baby care products, is the key factor driving the market. Apart from cosmetics or pharmaceuticals, lanolin has a wide scope of applications in various industries. Over the years, research has led to an increased application in technical applications, such as lubricants and in the production of anti-corrosion paints for ferrous materials.

The number of potential uses of the product has increased dramatically as a result of its use in important industrial processes. North America presents a relatively large and moderately growing lanolin market, with certain scope for growth in limited applications, such as cosmetics and personal care sector. Rising awareness among consumers regarding organic ingredients in various personal care products along with the rapid expansion of distribution channels by the major companies has changed the market dynamics.

Manufacturers are also focusing on new ingredient development, private label introduction, and professional product launches to attract more consumer base. These factors are further expected to positively influence the demand for lanolin derivatives in cosmetic products over the forecast period. Major personal care and cosmetics companies are increasingly utilizing lanolin waxes and oils to improve the sensory appeal and overall product value. These oils help cleanse, even the skin tone, promote elasticity, and impart moisture to parts that are frequently exposed to harsh elements, such as pollution and air-conditioning.

The product is highly similar to the oils secreted from the human skin and thus has remarkable characteristics, such as highest biocompatibility. It is also being utilized in the rapidly expanding pharmaceutical sector to produce medical intermediaries and offer high lubricity in numerous organic substances. The global pharmaceutical market is also generating high demand for green, bio-based products, keeping in line with sustainability trends and regulations. Previous petroleum-based solvents are increasingly being phased out since drug formulators are opting for bio-based products.

Application Insights

On the basis of application, the market has been segmented into personal care & cosmetics, baby care products, pharmaceuticals, industrial, and others, such as sports goods and humectants. In terms of revenue, the personal care & cosmetics segment accounted for 44.63% of the global market share in 2018. The product has high moisturizing properties, thus has tremendous demand in a variety of cosmetics, as well as baby care products.

Derivative Insights

Lanolin alcohol was the dominant derivative segment. Technological advancements and product developments in the formulation of various personal care and cosmetic products will drive the segment further. Lanolin alcohol is a non-drying organic compound and is widely utilized in a number of skincare, baby care, and hair care products.

Lanosterols is witnessing high demand from the personal care industry in the production of sunscreens, moisturizing skin creams and lotions, hair care products, sun protection creams, conditioners, etc. This organic compound is a high melting point mixture of sterols isolated from pharmaceutical and cosmetic-grade lanolin.

Regional Insights

Asia Pacific is expected to be the largest and fastest-growing regional market. Rapidly expanding end-use industries, growing population, and increasing consumer awareness regarding bio-based and natural products are expected to drive the regional market over the forecast period. Rising expenditure on mass cosmetics and personal care products due to improving economic conditions in emerging countries like India, Vietnam, Thailand, and Indonesia will boost the growth further. Similarly, the growing prevalence of lifestyle-related diseases is augmenting the demand for natural medicines, with lower or negligible adverse effects.

This, in turn, is expected to boost the lanolin demand in pharmaceuticals sector over the forecast period. Europe is expected to be the second-largest regional market on account of rapidly expanding baby care and personal care products sectors in countries, such as Germany, U.K., and France. Constant innovation and growing consumer demand for specialized and targeted solutions that match their specific needs are anticipated to remain macro factors driving the regional market.

Lanolin Market Share Insights

The global market is becoming highly competitive as new entrants are trying to tap new lucrative and niche markets. Government support for strengthening personal care and cosmetics sectors in emerging markets will further intensify the competition. Moreover, awareness regarding biodegradability, low carbon footprints, and chemical toxicity has resulted in an increasing demand for personal care products. The major industry participants are Nippon Fine Chemical, Lubrizol Corporation, Jiangsu Winpool Industrial Co. Ltd., Wellman Advanced Materials, NK Ingredients Pte Ltd., Barentz Group, Lanotec, Lansinoh, and Rolex Lanolin Products Ltd. These companies are focusing on capturing new regional markets and expanding their production capacities.

Report Scope

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global lanolin market report on the basis of application, derivative, and region:

• Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

  • Personal Care & Cosmetics

  • Baby Care Products

  • Pharmaceuticals

  • Industrial

  • Others

• Derivative Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

  • Lanolin alcohol

    • Liquid Absorption Base (LAB)

    • Others (Cosmetic Grade Lanolin Alcohol, Acetylated lanolin alcohol)

  • Cholesterin

    • Feed Grade

    • Cosmetic & Pharmaceutical Grade

  • Isopropyl Lanolate

  • Laneth

  • Lanogene

  • Lanosterols

  • Quaternium 33

  • PEG-75

  • Lanolin Fatty Acid

  • Others

• Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • The U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa