The new report by Expert Market Research titled, ‘Global Lanolin Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis global lanolin market assessing the market based on applications, derivatives and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.2%
COVID-19 affects the Lanolin market. The COVID-19 epidemic has hampered the cosmetics market. This decline is largely attributable to government limitations and the lockdown. Due to the lockdown, most salons closed, causing a substantial reduction in professional products. The market is optimistic after the lockdown was relaxed and most companies increased production.
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Industry Definition and Major Segments
Lanolin is a fatty component present in sheep’s wool that has a protective coating. In its purest form, lanolin is a yellowish, viscous mixture of esters that is used as a basis for ointments and cosmetic products.
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On the basis of applications, the market can be segmented into:
• Personal Care and Cosmetics
• Baby Care Products
Based on derivative, the market can be categorised into:
• Lanolin Alcohol
• Isopropyl Lanolate
• Quaternium 33
• Lanolin Fatty Acid
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Lanolin has been utilised as a complex combination and self-emulsifying agent for many years. Products containing lanolin include lotions, creams and lipsticks. It is also used in hair conditioners and body washes. Lanolin is unique in that it absorbs twice its weight in water and forms protective films on the skin and lips. These qualities of lanolin make it appealing to consumers from both cold and hot climates, driving the lanolin industry in the coming years.
The Asia-Pacific region is likely to dominate the global market due to the highly developed cosmetics sector in China, India, Japan, and Korea, as well as ongoing investments in the pharmaceutics sector. Moreover, rising temperatures in Asia-Pacific, with most of the population suffering from skin problems, is raising the demand for lanolin in numerous applications. Increasing skin concerns and demand for such applications necessitate sophisticated skin and hair care products. Temperature variations among Asians are projected to influence the lanolin industry in the coming years.
Key Market Players
The major players in the market are Lubrizol Corporation, Imerial-Oel Import Handelsges mbH, Nippon Fine Chemicals Co. Ltd., Lanotec Australia Pty Ltd, Croda International Plc, Rolex Lanolin Products Limited and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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