Lanolin Market, Size, Share By 2028
Added: (Fri Nov 05 2021)
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Market Overview
The Global Lanolin Market is expected to grow at a CAGR during the forecasting period (2021-2028).
Lanolin is the wool grease extracted from sheep sebaceous glands made from several washing steps and molecular distillation. It contains a complex mixture of high molecular mass lipids such as fatty acids, alcohols, sterols, diols, hydroxyl acids, aliphatic and steryl esters. Lanolin is widely used in personal care products, cosmetic and pharmaceutical formulations.
It is used as a moisturizer to treat and prevent dry, rough, itchy, scaly skin and minor skin irritations. Lanolin is a protective and lubricating substance that is derived from the secretions of animals with woolen coats. Most of the lanolin used in commercial products such as lotions, skin cream, anti-aging creams, etc. it comes from domestic sheep raised specifically for its production.
Lanolin is substantially used in end-user industries such as animal care, personal care, cosmetics, and industrial.
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Market Dynamics
The global lanolin market is driven by the pharmaceutical industry's rising demand with a surge in healthcare spending and rising consumer spending. Lanolin is widely used in the formulations of pharmaceutical drugs and medicines. Further growing demand for lanolin in the end-user industries such as buildings & construction, industrial, personal care, and cosmetics, automotive, power generation, electrical & electronics, etc., globally has propelled the demand for this market.
Rising demand for cosmetics and personal care products owing to surge in demand by the working women with increasing consumer spending.
•The lanolin market is driven by a surge in demand for cosmetics and personal care products due to a rise in disposable income and rising demand by the working woman. Lanolin is used in personal care and cosmetics products using several methods like distillation, washing, etc., which have propelled the market growth.
•Rising demand for personal care, anti-aging, and beauty products has propelled the lanolin market. For instance, as per the global wellness institute organization in 2017, the personal care, beauty, and anti-aging products market was valued at around US$ 1,083 billion, which created a massive demand for the lanolin market.
Growing consumer spending on healthcare to prevent skin irritation and aging population due to increasing pollution globally.
•Further growing consumer spending healthcare and wellness for avoiding skin irritation and skin aging problems due to the rising demand by the geriatric population and surge in air pollution around the globe have propelled the demand for the lanolin market. For instance, as per the above-stated organization in 2018, the global wellness economy was valued at around US$4.5 trillion, with total global healthcare expenditures was valued at around US$ 7.8 trillion based on WHO data. It created a massive demand for the lanolin market to treat skin irritation and prevent skin aging.
Growing launches of innovative cosmetics and personal care products by the leading players may create a huge lanolin market opportunity.
The increasing launching of innovative cosmetics and personal care products by the leading players may create a huge opportunity for the lanolin market's growth. For instance, on 18th Feb 2020, Chemyunion launched in-cosmetics hair care and skincare such as Sensoveil Soft and Cellfie respectively at Global 2020. The products deliver conditioning and lipid reposition by intermolecular attraction forces for hair, reduce aging signs, and promote a remarkable rejuvenation with natural-looking.
COVID-19 Impact Analysis
•The global lanolin market has shown slight declination due to theCovid-19pandemic, as several leading manufacturing industries were closed. Several countries have restricted production activities during the covid-19 pandemic. Further, cosmetics and personal care product growth were also declined due to low demand in June 2020.
•However, the lanolin demand is slightly increased in August 2020, as several leading manufacturers started production. The leading manufacturers of cosmetics and personal care products focus on research and development to provide innovative anti-aging products for consumers during the covid-19 pandemic.
•Several healthcare products such as hand sanitizer, hand wash, shampoo, conditioner, etc., demand increased suddenly during the Covid-19 pandemics as lanolin is used to manufacture conditioner, shampoos, and handwash. Due to the rise in sudden need, the raw material prices to produce the lanolin through refined wool also increased from US$ 3.20 to US$ 4 per Kg. Further demand for lanolin will again increase as soon as the pandemic over.
Segmentation Analysis
•The global lanolin is segmented on type, composition, derivative, product, end-user, and region.
Rising demand for cosmetics and personal care with the surge in global sales through E-commerce websites has propelled the lanolin market's anhydrous segmental growth.
•The global lanolin is bifurcated into anhydrous, hydrous, moisturizer, emollient, emulsifier, and others in terms of product. Anhydrous had the highest market share in 2019, owing to rising demand in the cosmetics and personal care industries' manufacturing facilities. As it is made from the processing of the raw thick, greasy, yellow of sheep wool into refined glands, state wool requires in cosmetics products manufacturing.
•Similarly, hydrous, moisturizer, emollient, emulsifier segments are also growing faster due to the surge in the launching of the new advanced cruelty-free personal care and baby care products by the leading players.
•Depending upon the composition, the global lanolin market is segmented into chemical composition and natural composition. Among these, the chemical composition segment had the highest market share in 2019, primarily due to the pharmaceutical industry's surge in demand.
Increasing merger and acquisition activities to fulfill the growing demand with the surge in global population have propelled the lanolin alcohol market segmental growth.
•Based on the derivative, the global lanolin market is segmented into lanolin alcohol, cholesterin, ethoxylated lanolin, glossing agent, lanosterol, isopropyl lanolate, plasticizer, conditioning agent, lanolin wax, lanolin fatty acid, acetylated lanolin, crude wool grease, technical wool grease, peg-75, length, lanogene, quaternion 33 and others. Among these, lanolin alcohol had the highest market share in 2019. It is primarily owing to an increase in demand for topical pharmaceutical formulations and cosmetics products. It has emollient properties hence used in preparations of dry skin and dry eye treatment products.
•Further, increasing merger and acquisition activities by the leading players in the cosmetics industry have propelled the demand for the lanolin market. For instance, on 7th Nov 2019, the Company Lubrizol Life Science planned to invest in technology by expanding its product portfolio with an extensive focus on natural and sustainable ingredients for the personal care industry.
•In 2019, the Company completed several acquisitions, such as the ComCompanympletedthe acquisition of Phenobioa methodology for extracting botanic actives without using chemical solvents skincare startup One Ocean Beauty. Further, Lubrizol collaborated with Corbion Biotech, Inc., a world leader in sustainable ingredients developed from algae globally. It may create a huge demand for the lanolin market around the globe.
Rising demand in cosmetics manufacturing with the surge in urban population demand has propelled the cosmetics grade segmental growth worldwide.
•Based on the product, the global lanolin market is segmented into fatty acids (aliphatic, alpha-hydroxy, omega hydroxy, unsaturated, and others), alcohols (Cholesterols, Cholesterols, lanosterols, aliphatic, 1,2 diols, and others), and others. Among these, fatty acids had the highest market share in 2019, primarily due to increasing manufacturing facilities of the cosmetics due to a surge in global demand in the developing countries coupled with growing urbanization have propelled the cosmetics grade segmental growth. For instance, according to our world data, the urban population increased to 4.2 billion globally and is expected to reach 6 billion by 2045, growing in rapid space.
The rising launching of personal care and cosmetics products worldwide has propelled the demand for the lanolin market.
•Based on the end-user, the global lanolin market is segmented into pharmaceutical (healing ointment, wound care product, rashes ointment, eye ointment, nasal ointment, nipple care ointments, plaster, and others), baby products, cosmetics, and personal care (creams, lotions, moisturizers, lipstick, lip balm, sunscreen, soap, body wash, shampoo, conditioner, eyeliner, concealer, blush, makeup remover, hair removal cream, hair spray, and others), industrial (wax and polish, metal lubricants, cooling fluids sealants, wire insulation, corrosion inhibitors) animal care and others.
•Among these, the cosmetics and personal care segment have the highest market share due to the surge in launching several new products brands of cosmetics and personal care products worldwide. For instance, on 2nd Dec 2019, Lansinoh launched organic nipple and start pump 2.0. It created a massive demand for the lanolin market around the globe.
Increasing facial cosmetics demand with the surge in consumer spending on personal care and beauty products has propelled the lanolin market's demand.
•Increasing demand for beauty products worldwide due to the growing number of working women with a surge in consumer spending has propelled the lanolin market growth.
•For instance, as per the personal care council organization report in 2018, the global cosmetics and personal care industry reached around US$ 488 billion, with the United States has the highest market share due to the presence of several leading manufacturing companies. It created a massive demand for the lanolin market.
Geographical Analysis
North America region holds the largest market share in the global lanolin market.
•North America region is dominating the global lanolin market accounted for the largest market share in 2019. Strong personal care and cosmetics manufacturing industry, with growing consumer spending and rising number of working women, demand the personal care products in this region, followed by Europe.
•As per the Personal care council organization, the United States cosmetics market was valued at around US$ 48 billion in 2018. It created a demand for the growth of the lanolin market in this region. Similarly, the Asia-Pacific region has emerged as the fastest-growing market due to the huge population demand and growing demand by the manufacturing industries to make lubricants and other personal care and pharmaceutical products.
Competitive Landscape
•The lanolin market is consolidated by the leading competition with local as well as global companies. Some of the key players which are contributing to the growth of the market include Zhejiang Garden Biochemical High-Tech, NK Ingredients Pvt Ltd, Lanotec, Croda International Lubrizol Corp, Barentz Group, Lansinoh, Rolex Lanolin, Lanolin IndustriaQuimica Del, Jiangsu Winpool Industrial Co., Ltd., Nippon Fine Chemicals Co. Ltd and among others.
•The major players are launching new products and adopting strategies such as mergers, acquisitions, and collaborations, contributing to the global lanolin market's growth. For instance, on 2nd Nov 2020, Barentz, a leading global distributor of life science ingredients has completed the acquisition of Sevecom, a specialist in emulsifiers for enhancing the capability of patented solutions for animal nutrition. It created a massive demand for the lanolin market used to manufacture animal care and emulsifier products.
Croda International plc:
•Overview: Croda International plc is a British specialty chemicals company based in Snaith, England, founded in 1925. The Company's product portfolio includes personal care, health care, lubricants, coatings & polymers, crop care, polymer additives, geo-tech, home care, and industrial specialties.
•Product Portfolio: The company has a product portfolio of the lanolin market that includes:
•Corona 9 Lanolin: Cosmetic grade anhydrous lanolin. They widely used emulsion stabilizers and emulsifiers (W/O). It is an excellent skin moisturizer and superfatting agent with a high water absorption capacity. Applications include skincare, sun care, lipsticks, soaps, and detergent systems. Functions: Emulsion Stabilizers, Super fatting Agents and Emulsifiers
•Features: Hydrating, Moisturizing, Nourishing, Calming, and Soothing.
•Medilan: It is the pure grade of medical lanolin that offers intensive skin repair benefits. It was designed to treat dry skin conditions and severely compromised skin, such as eczema and psoriasis. It is also suitable for mother and baby products. It is manufactured to GMP standards.
•Applications: Bath, shower & soaps, antiperspirants & deodorants, body care, eye contour care, face/neck skincare, and many more face color.
•Key Development: On 29th Sept 2017, Croda International Plc launched a new production plant in France by investing US$ 21 million at its industrial site in Chocques, Northern France.
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