The global lanolin market size is projected to reach USD 334 million by 2025 expanding at a CAGR of 6.0%, according to a new report by Grand View Research, Inc. Rising demand from the personal care and cosmetics market coupled with increasing application in the manufacturing sector is expected to boost the market growth. Lanolin is derived as a natural, waxy secretion from the sebaceous glands of sheep and other mammals that produce wool. It is widely utilized across numerous personal care products, such as cosmetics, baby care, hair & skin care, women’s hygiene, and sanitation products. The product contains cholesterol, lanolin ester, alcohols, and acids that are ideal for application in cosmetics owing to highly moisturizing, lubricating, and emollient properties.
Moreover, increasing demand from the pharmaceuticals and healthcare sectors owing to a rising preference for non-toxic and chemical-free products will drive the market growth further. The support of local governments through funds and tax exemption for the development of lanolin associated ancillary industries is expected to complement the growth in this sector. Asia Pacific led the global market owing to a growing animal husbandry industry. In addition, presence of a large number of personal care manufacturers in this region is expected to play a major role in driving the market.
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Further key findings from the study suggest:
Personal care products and pharmaceuticals are the dominant application segments in the global lanolin market
PEG-75, which is derived from lanolin is the fastest-growing derivative segment with a CAGR of 6.6% from 2019 to 2025
China is the fastest-growing economy in the Asia Pacific regional market and is expected to register a CAGR of 5.7%, in terms of volume, over the forecasted period
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 expanding their production capacities to increase or maintain their market share
Grand View Research has segmented the global lanolin market on the basis of application, derivative, and region:
Lanolin Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
Personal Care & Cosmetics
Baby Care Products
Pharmaceuticals
Industrial
Others
Lanolin 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
Lanolin Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
North America
U.S
Canada
Mexico
Europe
Germany
U.K.
France
Asia Pacific
China
India
Japan
Central & South America
Brazil
Middle East & Africa
South Africa
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