Allantoin Market: Global Industry Analysis and Forecast (2023-2029)

Allantoin Market size was valued at US$ 686.6 Mn. in 2022 and the total Allantoin revenue is expected to grow at 6.7% from 2023 to 2029, reaching nearly US$ 1081.1 Mn.
Allantoin Market Overview:
Allantoin is produced from the comfrey root and is frequently synthesized. Many remedies include it to treat burns, dermatitis, infections, acne, and impetigo. Allantoin is also found in sensitive skin moisturizers and hand sanitizers, as well as external scar and keloids treatments. It is carcinogenic and hence should be avoided during pregnancy and breastfeeding, and it may be lethal if ingested orally. The rising consumer desire for all-natural items in meals and over-the-counter items has fuelled interest in herbs for skincare. There is limited data from human clinical trials to demonstrate their usefulness, and the intensive treatment prior to their incorporation in cosmeceuticals frequently reduces the extract's therapeutic characteristics. Despite this, the usage of herbs like allantoin is common and continues to grow as the desire for natural goods rises.

In this report, the Allantoin market's growth reasons, as well as the market's many segments (Type, Application, and, Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Allantoin market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Allantoin market situation.To know about the Research Methodology :- Request Free Sample Report
Allantoin Market Dynamics:
The growing use of allantoin in cosmetic applications is expected to drive market growth.

Allantoin is a skin conditioner and a skin protectant, as per the International Cosmetic Ingredient Dictionary and Handbook. Skin-conditioning chemicals include allantoin ascorbate, allantoin biotin, allantoin glycyrrhetinic acid, allantoin galacturonic acid, allantoin panthenol, and allantoin polygalacturonic acid. Allantoin is found in over 1370 cosmetic goods, according to information provided to the Food and Drug Administration as part of the Voluntary Cosmetic Ingredient Reporting Program. Allantoin is listed as an authorized therapeutic component for use in cosmetics by Japan's Ministry of Health, Labor, and Welfare. Allantoin's efficacy and safety in dandruff and dermatitis psoriasis medication solutions have not been verified.

The key opportunity in the market is that the need for versatile substances is increasing in the personal care industry.

Multifunctional cosmetics are specialty chemicals that are added to beauty and skincare products to increase their performance. These include, among other things, anti-aging compounds, chemical peels, moisturizing agents, and UV agents. Multifunctional products are used to boost the end value of natural skincare products such as face and body moisturizers, balms, masks, conditioners, dyes, and other compositions. There is a trend for sustainability and a decrease in the number of ingredients used in cosmetic formulations. The desire for more versatility and various advantages from a single product is skyrocketing.

A major restraint in the market growth is the higher costs associated with organic products.

Natural goods have brought to light the dangers of using traditional synthetic cosmetics. To alleviate the problems caused by chemical cosmetics that are harsh on the body, there is a movement toward the utilization of natural substitutes. Alternatives, such as incorporating organic ingredients into cosmetic formulas, are gaining traction. Companies are turning their attention to products that are safe for wellness and feel soft and soothing on the skin. However, the biggest challenge is cost, as natural cosmetics have greater raw material costs and can only meet the demand for luxury product ranges. This makes it difficult for corporations to commit adequate funding for R&D efforts.
Allantoin Market Segment Analysis:
By Type, the pharmaceutical grade segment is expected to grow at a CAGR of 6.1% in the previously mentioned forecast period. There are over 110 preclinical research papers (in vitro and animal systems) and about 35 clinical studies that concentrated on the mode of action that affects many aspects of the wound healing process. These investigations have revealed that chronic wounds are frequently halted in acute inflammation, limiting epithelial growth and remodeling. Allantoin has also been shown to have a variety of characteristics that are anticipated to aid in the transformation of a wound from an inflammatory to a proliferative state, such as antioxidant and anti-inflammatory characteristics, specific antimicrobial consequences, and keratolytic activity that promotes the healing of wounds.

Allantoin has been proven to promote normal tissues development by boosting cell proliferation and extracellular matrix production. Allantoin may also have a function in tissue creation and differentiation, especially in the stimulation of scar tissue and epithelialization. Allantoin has also been shown to minimize scar formation by impairing epidural fibrosis in a rat experiment. Though most investigations on these pathways have been conducted in animal studies, there is an indication that allantoin reduces hyperkeratotic alterations, erythema, incursion, and the subjective feelings of stinging and stinging in psoriasis patients.
Allantoin Market Regional Insights:
Comfrey extracts contain significant amounts of allantoin contents. Bans on these extracts in the United States, Australia, and Europe may hinder industry growth by 2029 and have a negative influence on international allantoin market price patterns throughout the forecast period. For example, the United States Food and Drug Administration (FDA) prohibited the use of comfrey extract solutions for internal use, owing to the presence of the alkaloids. Moreover, limited customer understanding of product benefits in places e.g. South America (Brazil and Argentina) and the Middle East and Africa may hinder the overall market growth. Nonetheless, the constantly expanding product possibilities for cosmetic formulations due to their better properties will undoubtedly open up new development opportunities for industry competitors.

APAC, headed by China and India, held the greatest share of the international allantoin market in 2022 and is expected to grow at a CAGR of more than 5% by 2029. Positive development prospects in China and India's cosmetic and pharmaceutical industries, notably owing to improving consumer demographics, would considerably increase regional growth in the future years. Also, the regional pharmaceutical industry would grow at the fastest rate, with a 6.5 % increase over the forecast period, as pharmaceutical firms shift their attention to constructing manufacturing plants in China and India.

The objective of the report is to present a comprehensive analysis of the Allantoin market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Allantoin market dynamics, and structure by analyzing the market segments and projecting the Allantoin market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Allantoin market make the report investor’s guide.
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Global Allantoin Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 686.6 Mn.


Forecast Period 2023 to 2029 CAGR:
6.7 %
Market Size in 2029:
US $ 1081.1 Mn.


 Segments Covered:
by Type
• Cosmetic Grade
• Industrial Grade
• Pharmaceutical Grade


by Application
• Personal Care Products
• Medicine Products
• Industrial Application
• Other



Allantoin Market, by Region
● North America (United States, Canada and Mexico)
● Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
● Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
● Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
● South America (Brazil, Argentina, Columbia and Rest of South America).
Allantoin Market, Key Players are:
• Ashland
• Clariant
• Jinyuan Lide Chem
• Sealong
• Suntime Chem
• Tenglong Chem
• Weifang Lvpu
• China Bluestar
• Jinyimeng Group
• Merck KGaA
• WeylChem
• Allan Chemicals Corporation
• Rita Corporation
• Lubon Industry Co. Ltd.
• EMD Performance Materials Corporation

FAQs:

1. Which is the potential market for Allantoin in terms of the region?
Ans. APAC, headed by China and India, held the greatest share of the international allantoin market in 2022.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market is that the need for versatile substances is increasing in the personal care industry.

3. What is expected to drive the growth of the Allantoin market in the forecast period?
Ans. The growing use of allantoin in cosmetic applications is expected to drive market growth.

4. What is the projected market size & growth rate of the Allantoin Market?
Ans. Allantoin Market size was valued at US$ 686.6 Mn. in 2022 and the total Allantoin revenue is expected to grow at 6.7% from 2023 to 2029, reaching nearly US$ 1081.1 Mn.

5. What segments are covered in the Allantoin Market report?
Ans. The segments covered are Type, Application, and Region.